Latest news with #Rs3.74
Time of India
27-05-2025
- Business
- Time of India
MSEDCL to refund Rs29.87 crore to power consumers as interest on security deposits
Nagpur: Maharashtra State Electricity Distribution Company Limited (MSEDCL) will refund a total of Rs29.87 crore as interest to low-tension electricity consumers in the Nagpur circle for the financial year 2024–25, against the security deposits they paid. This interest amount is being adjusted directly into the consumers' electricity bills. Of this, Rs26.13 crore will be refunded to 15.40 lakh consumers in Nagpur district, while Rs3.74 crore will go to 3.96 lakh consumers in Wardha district. Compared to the previous financial year, this year's refund amount is higher by Rs2.09 crore. MSEDCL stated that the security deposit collected from consumers is used by MSEDCL not only for consumer welfare, but it also earns interest at rates determined periodically by the Reserve Bank of India (RBI). The discom claimed that MSEDCL's entire operation runs on the strength of its consumers. "The revenue collected from electricity bills covers power purchase, transmission, distribution, maintenance, repairs, and administrative expenses. It is only when consumers pay their bills regularly that MSEDCL can continue purchasing and supplying electricity smoothly," said MSEDCL. The distribution company has the right to reassess security deposits once a year, based on electricity consumption patterns. If a consumer's security deposit falls short of the average two-month consumption amount for the financial year, they are issued a bill for an additional security deposit. Even if a consumer previously paid a deposit, if their electricity usage or tariffs increased, the difference is billed as an additional security deposit. For consumers who have not yet paid the additional deposit, the outstanding amount is being adjusted from the interest on the security deposit. The regulatory commission has instructed that interest on consumer security deposits be paid at rates specified by the RBI from time to time, depending on the deposit's duration. Importantly, the security deposit held with MSEDCL remains the consumer's money — when the electricity supply is permanently disconnected, this deposit is refunded to the consumer along with the interest. MSEDCL has appealed to all consumers to promptly pay any additional security deposit amounts when billed, in order to ensure smooth operations and continued cooperation.
Express Tribune
18-04-2025
- Express Tribune
Man gets 27-year prison sentence for job scam
A special court of the Federal Investigation Agency (FIA) has sentenced a man to 27 years of rigorous imprisonment for defrauding a citizen of Rs4.66 million by promising him a government job. Special Judge Central FIA, Abdul Rehman Arif, also imposed a fine of Rs 2million on the convict, Qamar Zaman. The court further directed Zaman to compensate the complainant with Rs3.74 million. The FIA's Anti-Corruption Wing registered the case on September 30, 2020. Zaman, who worked as a government department driver, was convicted under multiple charges including seven years and Rs0.5 million fine under fraud charges, seven years and Rs0.5m fine under forgery charges, three years and Rs0.5m fine under bribery charges, 10 years and Rs0.5m fine for misuse of official position.
Express Tribune
18-04-2025
- Express Tribune
Man gets 37-year prison term for defrauding citizens with fake govt job offers
Listen to article A court in Rawalpindi sentenced a government driver to 37 years of rigorous imprisonment for defrauding citizens by falsely promising them government jobs in exchange for large sums of money, Express News reported on Friday. The verdict was announced by Special Judge Central Abdul Rehman Arif. As soon as the judgment was pronounced, the convict was handcuffed and taken into custody from the courtroom. According to court proceedings, the convict, who worked as a driver for a government department, had extorted a total of Rs4.66 million from an individual under the pretext of securing a government position. The court found the evidence against him conclusive. Alongside the prison sentence, the court imposed a fine of Rs2 million on the convict. Furthermore, he has been ordered to pay Rs3.74 million to the defrauded citizen as compensation. The Federal Investigation Agency (FIA) Anti-Corruption Wing had registered the case against the accused last year.
