logo
Defer revision of electricity tariff by a year, say industries in Tamil Nadu

Defer revision of electricity tariff by a year, say industries in Tamil Nadu

The Hindua day ago

A drop in industrial power consumption, export of manufactured goods, and MSME operations in the first three months of 2025 compared with October-December 2024 coupled with an increase in the energy cost have hit hard the Micro, Small and Medium-scale Enterprises (MSMEs). In such a scenario, any further hike in electricity tariff will be a blow to the manufacturing sector in the State, said Pradeep Natarajan, president of the Tamil Nadu Electricity Consumers' Association.
Mr. Natarajan appealed to the Tamil Nadu government to not revise the electricity tariff from July 1 or to extend financial support to the manufacturing sector.
The association cited multiple sources to point out that industrial power consumption in January-March 2025 was 8 % less than October-December 2024; MSME operations declined 17.5 %, manufactured goods exports fell 23 % while total energy cost to the input cost went up 29 %.
With ongoing conflict in the west Asian countries disrupting energy markets, trade routes, and financial sentiment, industries in Tamil Nadu—particularly MSMEs and export-driven manufacturers—are bearing the brunt.
'This is not the time to increase power tariffs. Our industries are already struggling with falling demand, rising energy input costs, and mounting financial stress. A new tariff hike will only deepen the crisis,' he said in a press release.
The tariff revision should be deferred for a year and special relief measures should be announced for energy-intensive and job-generating sectors, he added.
The association said deferring the tariff hike will protect industrial continuity, safeguard jobs, and ensure sustained power demand for the electricity department.
'The industrial community remains hopeful that the government and the Tangedco will respond constructively to ensure Tamil Nadu retains its industrial competitiveness and employment momentum,' the association said in a press release.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

CAG to deploy AI, machine learning for faster, accurate audits
CAG to deploy AI, machine learning for faster, accurate audits

Mint

time2 hours ago

  • Mint

CAG to deploy AI, machine learning for faster, accurate audits

New Delhi: India's apex auditor will integrate generative AI, machine learning and optical character recognition into its processes to fast-track work and reduce manual burden, according to two deputy heads of the federal auditing body. The Comptroller and Auditor General (CAG) will use these tools for voucher verification and risk detection and will expand remote and hybrid audits in complex revenue areas such as goods and services tax, stamp duty and public works, deputy CAGs A.M. Bajaj and K.S. Subramanian said in an interview. These technologies are expected to significantly reduce manual workload, enhance anomaly detection, and enable predictive identification of high-risk areas, making audits more focused and data-driven, they said. Also read: GDP's dirty little secret: Why we should be tracking GVA instead CAG is reshaping audit practices to match the complexity of India's growing economy and sprawling governance structure. With over 700 central public sector units, 1,600 state enterprises, 485 central autonomous bodies and thousands of panchayats and urban local bodies now under its jurisdiction, the federal auditor is adapting to not just the size, but also the changing nature of public service delivery, they said. The CAG is conducting multi-state audits on key welfare and infrastructure areas, including solid-waste management in urban bodies, welfare of construction workers, management of District Mineral Funds, implementation of rural jobs guarantee programme, functioning of regional transport offices and the Jal Jeevan Mission. All-India audits covering the Green India Mission, Smart Cities, MSME support and skill development are also underway and are expected to be completed by mid-2025. These audits aim to assess how effectively these national initiatives are delivering measurable benefits to citizens and improving their lives. For the first time, the CAG has institutionalized stakeholder consultations at all stages of the audit cycle from planning to reporting, said Bajaj. 'We've made it mandatory to consult the Secretary, senior officials, academia, and civil society while finalising the Annual Audit Plan and audit reports. This inclusive process helps ensure our audits are grounded in real issues and deliver meaningful value to both institutions and citizens," Subramanian added. Also read: You're absolutely right, as the AI chatbot says Dattesh Parulekar, assistant professor of International Relations at Goa University, said, 'The CAG's digital-first and stakeholder-led approach signals a decisive shift from traditional compliance checks to dynamic, technology-enabled, performance-linked audits. If sustained, this could mark a new era in public accountability—where audit reports not only flag inefficiencies but help shape more responsive governance." Focus on training Training remains central to this revamp. The CAG has signed eight memoranda of understanding with institutions such as the Indian Institute of Technology Madras, the Indian Institution of Management Ahmedabad, Bhaskaracharya National Institute for Space Applications and Geo-informatics and the National Institute of Urban Affairs to co-develop specialised curricula. 'For capacity building, we are training audit staff in AI, data analytics, cybersecurity, and public policy at top institutes, including a nationwide boot camp on AI and machine learning for audit at IIT Delhi," said Bajaj. A nine-month AI and cybersecurity diploma programme is already underway at IIT-Madras for CAG officers, with modules on environmental audit, ESG reporting, procurement, and non-cognitive skills running in parallel across various centres, said Subramanian. Also read: Bengaluru shocker: Driver runs away with employer's ₹1.5 crore, spends on family and donates at temples The CAG submits audit reports to the President or governors, which are then tabled in Parliament or state legislatures. These reports have historically played a key role in ensuring financial accountability and transparency in governance, uncovering issues from expenditure irregularities and poor scheme implementation to systemic inefficiencies. These audits have led to policy reforms, public debates, and accountability at the highest levels.

Israel-Iran War forces PM Modi's 'Air India One' to​ take a detour to the G-7 Summit
Israel-Iran War forces PM Modi's 'Air India One' to​ take a detour to the G-7 Summit

India Today

time4 hours ago

  • India Today

Israel-Iran War forces PM Modi's 'Air India One' to​ take a detour to the G-7 Summit

The escalating war between Iran and Israel has unleashed chaos in West Asia's skies, plunging air travel into a fresh crisis. Airspaces are closed down, and major airlines are scrambling, cancelling flights left and right. Even VIPs aren't spared. Prime Minister Narendra Modi's Air India-1 is set to jet off from Delhi on Sunday to attend the G-7 Summit and other bilateral engagements in Cyprus and Croatia. However, his flight for this three-nation tour would be longer than usual due to the mounting tension in the West Asian skies. Before reaching Kananaskis in Canada, Air India One would land in Larnaca in Cyprus. The normal flight path to Cyprus would have been through the airspaces of Pakistan, Iran, Iraq, Syria, Lebanon, and Israel, but with tensions rising, this route is closed. Even alternate routes — the UAE, Saudi Arabia and Jordan — are tangled in regional strife. Pakistan's airspace has been off-limits to Indian planes since Operation Sindoor (May 7-10). According to sources, even VIP flights, including Modi's Air India One, would have to face strict restrictions. The Delhi-to-Larnaca trip, which is normally 8-9 hours, will stretch due to detours for safety. After taking off from Delhi on Sunday at around 7:30 am, Air India One would land in Larnaca by 3:00 pm. He'll spend 24 hours in Cyprus and leave for Canada on June 16, avoiding the war zone of June 13, 2025, airstrikes on Iran have spiked tensions afresh. Israel, Iran, and many neighbouring countries have closed their airspaces to civilian flights. Flights from India to Europe and North America are now taking extended routes. This has increased travel time and upped fuel and travel expenses. Estimates suggest flight times to North America and the West are up by 1-2 hours. Operating costs for airlines have gone up by 12%. Indian carriers like Air India and IndiGo have already axed over a dozen flights. The skies are tense, and travellers are paying the InMust Watch

Bengal MSMEs urged to power defence manufacturing push, Manufacturing News, ET Manufacturing
Bengal MSMEs urged to power defence manufacturing push, Manufacturing News, ET Manufacturing

Time of India

time7 hours ago

  • Time of India

Bengal MSMEs urged to power defence manufacturing push, Manufacturing News, ET Manufacturing

Advt The MSME sector can play a pivotal role in boosting productions for the defence sector in the coming days, a senior state government official said here on Saturday and urged companies to pitch for MSME units in West Bengal Speaking at the Defence MSME Manufacturing Forum meeting, organised by the Indian Chamber of Commerce here, the Principal Secretary, Department of Micro, Small and Medium Enterprises (MSME) and Textiles Rajesh Pandey, said there are 90 lakh MSMEs in the state."We call upon you all to make a strong pitch for Bengal. There are 90 lakh MSME units in the state. West Bengal boasts one of the largest leather parks in the country. While a Rubber Park is coming up, several industrial parks are already in the state," he per cent of MSME sectors are micro units, and the sector can play a pivotal role in giving a boost to productions for the defence sector in the coming days, he said."The Ministry of Defence took a policy decision that the MSME sector would participate in the defence sector in a big way, including start-ups, and this has given the state's MSME sector a huge opportunity to manufacture a wide range of defence products, including specialised equipment and participate in research and development activities," he invited across-the-table interactions between state officials, those seeking to invest in the defence sector and experts in the field to gauge what they want from the government could be of help - incentives and infrastructure facilities."We need to know the project proposals and in what way they can be of use," he said the state has emphasised new projects and commissioning of projects, and a high-powered committee sits every 15 days to monitor the officials from GRSE, Bharat Dynamics Ltd, Hindustan Aeronautics Ltd, Aerospace Engineers Pvt Ltd, and Titagarh Rail Systems Limited were present at the discussion, among others.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store