Bonjour, new guests from small-town India
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
State-owned power giant NTPC has decided to extend the deadline for defaulting Discoms to pay outstanding dues till Tuesday next week, post which electricity supply will be snapped.
NTPC has given this breather in view of the Holi festival on Tuesday after some Discoms assured that they will clear the dues.
Late last month, the NTPC had served notices on these Discoms demanding the outstanding amounts, saying that power supply would be cut on from midnight tonight.
An outstanding becomes overdue after 60 days of raising the bill against power supplied to a Discom or State. The Gencos generally charge penal interest on these overdue amounts.
According to the notices available on the company’s portal, these defaulting Discoms are in Uttar Pradesh, Telangana, Karnataka, Jammu & Kashmir, Delhi, Odisha, Bihar, Manipur, Mizoram, Kerala, Sikkim and Puducherry.
“Due to mounting outstanding dues of around ₹10,950 crore, NTPC has issued (power cut) regulation notices to various beneficiaries to be made effective 0000 hrs of March 10, 2020. Subsequently, based on the request of beneficiaries and due to the Holi festival on March 10, NTPC has extended the date of regulation to be effective from 0000 hrs of March 18, 2020,” a source told PTI.
“This is an ongoing process and NTPC is receiving encouraging response from almost all the beneficiaries and it is hopeful of receiving the outstanding amount in time to avoid regulation,” the source added.
According to the notices, NTPC had planned to cut 16,475 MW power supply to these Discoms in different States.
Among the States and Union Territories, Jammu & Kashmir’s total outstanding dues were the highest at ₹3,619.93 crore, followed by Uttar Pradesh at ₹3,274.51 crore and Telangana at ₹3,138.55 crore, according to the notices served last month.
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
Citroen’s first vehicle sports a novel design and European interiors. It is also meant to be as comfortable as ...
The pandemic is only the tip of the iceberg that the country’s cash-poor airlines — both regional and national ...
The government is yet to specify the framework of its recently announced old vehicle scrappage policy
Here is a checklist that equips you to discern the market nuances
Sensex, Nifty 50 have witnessed sharp decline
The fund has consistently outperformed S&P BSE 100 TRI over one, three and five years
Returns are superior to immediate annuity plans, but SCSS can secure better rates for new investors sooner if ...
With the public looking beyond mainstream media for reports from the ground, independent digital platforms are ...
A book on Badri Narayan is a tribute — albeit a belated one — to an artist who did not enjoy the recognition ...
The country hasn’t had a quiet moment since the military seized power on February 1
The Tatmadaw sees itself as an embodiment of the nationalist soul of Myanmar. But their brand of nationalism ...
Its name is the starting point of a brand’s journey and can make a big difference in the success sweepstakes
Sober spirits are the in thing
A peek into where ad spends went last year and where they are headed tomorrow
Can Swiggy Instamart disrupt the ecommerce groceries space, currently ruled by the Amazons and Big Baskets? ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor