Tag: Increase

Electricity Charges Will Increase Further In Kashmir: PDD

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SRINAGAR: Notwithstanding the public resentment against the hike in monthly electricity bills, the authorities at the Power Development Department (PDD) on Thursday said the charges will increase further as the installation of LT cables and smart meters will display consumer’s actual electricity consumption.
Alleging that many consumers use four to five times more electricity beyond their sanctioned load, news agency KNO quoted the PDD Chief Engineer (Distribution), Javid Ahmad as having said.
“With the installation of LT cables and smart meters, the people will come to know about their actual electricity consumption as many people are sanctioned with 0.5 KV load but are using 5 KV. So, it is still way below what they are paying against the consumption,” he explained.
Stating that the billing tariff will not remain the same indefinitely, he said power is a commodity that needs to be purchased by the government.
Rejecting the people’s demands of switching back to their previous monthly electricity bills, the chief engineer termed those “out of question”. “People at many places protested against the installation of smart meters and LT cables, but ultimately these were installed. We have to move ahead and treat electricity as a commercial commodity,” he stressed.
Terming the hike as “arbitrary”, the people from various localities of the Safakadal area in Srinagar on Wednesday staged a protest against the PDD.
The protestors said they are witnessing a regular increase in their monthly power bills, and urged the authorities to restore their monthly electricity billing to their earlier tariff.

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#Electricity #Charges #Increase #Kashmir #PDD
( With inputs from : kashmirlife.net )

February 16, 2023
20-fold increase in seizures in Tripura, Nagaland, Meghalaya: EC

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New Delhi: The Election Commission on Thursday said that seizures of over Rs 147 crore have been recorded so far in Tripura, Meghalaya and Nagaland, marking a 20 times increase as compared to the Assembly Elections in 2018.
“Due to the coordinated efforts of enforcement agencies, extensive monitoring, marking of expenditure sensitive constituencies and adequate deployment of field teams, the three states witnessed seizures of Rs 147.84 crore after the announcement of elections which surpasses the seizures made in the entire duration of enforcement of the model code of conduct in the 2018 Assembly Elections, which was all of Rs 7.24 crore,” the EC said.
“In an operation, 3.53 kg of heroin valued at Rs 10.58 crore was seized by police in Dhalai district of Tripura. The Directorate of Revenue Intelligence also seized 2.44 kg of heroin in East Khasi Hills district in Meghalaya and 2.27 kg in Chumoukedima district in Nagaland.
“In Tripura, seeing the sensitivity of drugs and illegal ganja cultivation, a special team consisting of district police personnel, forest officials, BSF, anti-narcotics and other agencies was formed in Sepahijhala and West Tripura districts,” the EC said.
Drugs valued at crores of rupees have been destroyed in Tripura.
During its visit to Tripura, Meghalaya and Nagaland in January, the Election Commission had reviewed the preparations along with the Central and state enforcement agencies.
While announcing the poll schedule, Chief Election Commissioner Rajiv Kumar stressed increased vigilance and zero tolerance on distribution of inducements during the electoral process.

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#20fold #increase #seizures #Tripura #Nagaland #Meghalaya
( With inputs from www.siasat.com )

February 16, 2023
Bank increase charges: Debit card service charge has increased

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If you also use debit card then this news is for you. For Classic or Standard Debit Card, Canara Bank has increased the Debit Card Replacement Fee from Nil.

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Public sector lender Canara Bank has increased its debit card service charges on various card types. As per the official notification of the bank, the new service charges will be effective from 13.02.2023. The bank has hiked the service charges on annual fee, replacement of card, debit card deactivation fee and SMS alert charges.
Canara Bank said in a statement, ‘The service charges mentioned above are in addition to taxes. Applicable taxes will be collected extra. The revised service charges will be effective from 13.02.2023. So as it is written, the new rates have come into force on the last day.
Canara Bank Debit Card Annual Fee

Annual fee for Classic or Standard Debit card increased from ₹125 to ₹200; For Platinum and Business cards, it has increased from ₹250 to ₹500 and ₹300 to ₹500, respectively. Canara Bank will continue to charge an annual fee of Rs 1000 for select debit cards.
Canara Bank Debit Card Replacement Charges
For Classic or Standard debit cards, Canara Bank has increased the debit card replacement fee from nil to ₹150. Canara Bank has increased the fee from Rs 50 to Rs 150 for Platinum, Business and select cards.
Canara Bank Debit Card Deactivation Fee
For users of business debit cards, the bank will now levy a card deactivation fee of only ₹300 annually. There will be no charges for other card types.
Canara Bank Debit Card SMS Alert Charges
Canara Bank will now levy SMS alert charges on actual basis which was earlier ₹15 per quarter. Explain that for Canara Bank Debit Card – Standard/Classic, the daily cash withdrawal limit from ATMs is Rs 40,000, while the daily cash withdrawal limit for transactions is Rs 1 lakh. Whereas for Canara Bank Debit Card – Platinum/Select the daily cash withdrawal limit is Rs 50,000 and the daily purchase transaction limit is Rs 2 lakh.
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#Bank #increase #charges #Debit #card #service #charge #increased
( With inputs from : kashmirpublication.in )

February 16, 2023
DA Salary increased: Order issued regarding increase in salary

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7th Pay Commission DA Hike: There is great news for crores of central government employees of the country. If you are also waiting for the Dearness Allowance to increase, then from now on the salary of pensioners and employees is going to increase.
At present, the employees are getting DA Hike at the rate of 38 per cent . At the same time, from the month of January, employees will get DA at the rate of 42 percent. Along with this, there is going to be an increase of Rs 90,000 in the salary of the employees. Information about this has been received from the data released by the Ministry of Labour.
By how much will DA increase?
Explain that dearness allowance is calculated on the basis of Consumer Price Index (CPI-IW) for industrial workers released by the Labor Bureau every month. According to the data released by the Labor Ministry, the CPI-IW for December 2022 was released on January 31, 2023. DA is calculated from the CPI-IW figures taken from industrial centers under the 7th Pay Commission. The increase in dearness allowance is 4.23 per cent.

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Extra salary will come into account after Holi
According to the information received from the ministry, employees and pensioners will get the benefit of the increase in DA from January 1. According to media reports, the government can increase the DA of the employees before Holi, which means that from next month the employees can get increased salary.
Salary may increase by Rs 90,000 According to the information received from the
7th Pay Commission , after the increase in DA of the employees, if the salary of an employee is Rs 30,000, then his gross salary may increase by about Rs 10,800. On the other hand, if we talk about the secretary level, then there can be an increase in the annual salary of the employees by Rs 90,000 or even more.
How often does DA increase?
The dearness allowance is increased twice a year on the basis of ACIPI numbers after six monthly reviews. The hike in dearness allowance may be revealed before Holi and the salary may increase after Holi. The increase in dearness allowance will help 68 lakh senior citizens and roughly 47 lakh employees of the country. At the beginning of the year, the government increased DA by 3 to 4 percent, due to which the dearness allowance increased to 38 percent. On getting three percent salary hike, the dearness allowance will increase to 41 percent or 42 percent.
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#Salary #increased #Order #issued #increase #salary
( With inputs from : kashmirpublication.in )

February 9, 2023
Post Office Schemes Interest Rate Hiked: Post Office Has Increase

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Post Office Schemes Interest Rate Hiked: Post Office Has Increased These 5 Schemes Interest Rate Till March 31, Invest Quickly

From January 1, the post office has increased the interest rates on all its schemes. In such a situation, you have a chance to take advantage of higher interest rates. Know here about those 5 schemes whose interest rates have been increased.
If you have planned investment in the new year (New Year 2023) and you are looking for a scheme with guaranteed returns, then post office schemes can prove to be a better option for you. All the schemes like Fixed Deposit, RD, Sukanya Samriddhi Yojana, Senior Citizen Savings Scheme, PPF etc. are run by the post office. A lot of profit can be made through these schemes. From January 1, the Post Office has increased the interest rates on all its schemes (Post Office Schemes Interest Rates Hike). In such a situation, you have a chance to take advantage of higher interest rates. The new interest rates will be applicable till March 31, 2023. Know here about those schemes whose interest rates have been increased.

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Post office time deposit
First of all, we will talk about post office FD which is called post office time deposit. You get the facility of time deposit up to 1, 2, 3 and 5 years in the post office. Their interest also varies according to the period. Interest rates have changed since January 1. Currently, you are getting 6.6% interest on 1-year time deposit, which was earlier 5.5%. 6.8% interest is being received on two-year time deposits, which was earlier 5.7%. You will get 6.9% interest on three-year time deposit, which was earlier 5.8%. Interest is being received at the rate of 7% on 5-year time deposit, which was earlier 6.7%.
Senior Citizen Savings Scheme
Monthly Income Scheme (MIS) interest rate has been increased from 6.7% to 7.1%. This is such a scheme, in which there is guaranteed income every month on lumpsum deposit. In this, the money remains completely safe and it is not affected by the ups and downs of the market. Investment has to be made only once in MIS account. Its maturity is of 5 years.
National Savings Certificate
The interest rate on National Savings Certificate (NSC) has been increased from 6.8% to 7.0%. NSC can be bought for a minimum of Rs 1000 and no limit has been fixed for the maximum investment. That is, you can invest any maximum amount in it. In this, you do not have to deposit money for a very long time. This scheme matures in just 5 years. Interest is compounded on an annual basis and guaranteed returns are available.
Kisan Vikas Patra
The interest rate on Kisan Vikas Patra (KVP) has been increased from 7.0% to 7.2% with effect from January 1. You can start investing in Kisan Vikas Patra with just Rs.1000. After this, investment can be made in multiples of Rs.100. There is no maximum limit for investment in this. Account Single and 3 adults together can open joint account. Nominee facility is also available in this. Premature closure of KVP account can be done after 2 years 6 months from the date of deposit.

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#Post #Office #Schemes #Interest #Rate #Hiked #Post #Office #Increase
( With inputs from : kashmirpublication.in )

February 9, 2023
7th Pay Commission: Huge Salary Hike! Centre To Increase DA For Over One Crore Govt Employees And Pensioners – Check Here – Kashmir News

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7th Pay Commission: Huge Salary Hike! Centre To Increase DA For Over One Crore Govt Employees And Pensioners – Check Here – Kashmir News
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#Russias #agricultural #exports #increase

( With inputs from www.siasat.com )

February 3, 2023

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Living costs increase for all New Zealand household groups

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Wellington: Soaring prices continued to affect all household groups in New Zealand in the 12 months to December 2022, the country’s statistics department said on Thursday.

The cost of living for the average household, as measured by the household living-costs price indexes (HLPIs), increased by 8.2 percent in the 12 months to December 2022, Xinhua news agency reported citing Stats NZ as saying.

“Higher prices for housing, food, and transport were the main contributors to the increase across all household groups,” consumer prices manager James Mitchell said.

Each quarter, the household living-costs price indexes measure how inflation affects 13 different household groups, plus an all-households group. The consumer price index (CPI) measures how inflation affects New Zealand as a whole, Mitchell said.

He added that the all-households group or the average household represents all private New Zealand-resident households.

Annual inflation, as measured by the CPI, was 7.2 percent in the December 2022 quarter, while annual inflation for the average household as measured by the HLPIs was 8.2 percent.

The two measures of inflation are typically used for different purposes.

A key use of the CPI is monetary policy, while the HLPIs is to provide insight into the cost of living for different household groups, Mitchell said.

One important difference between the two is the treatment of housing. The CPI captures the cost of building a new home, while the HLPIs capture mortgage interest payments, he said.

In the HLPIs, interest payments increased by 45 per cent for the average household in the year to December 2022. In the CPI, the cost of building a new home increased by 14 percent in the same period, statistics show.

Meanwhile, the official cash rate, used by the Reserve Bank to control inflation, increased from 0.75 per cent in December 2021 to 4.25 per cent in December 2022.

“This is reflected in the HLPIs by higher costs for interest payments,” Mitchell said.

This is the highest annual increase of all the household groups. The main contributor to this was higher interest payments because the highest-spending households spend more of their expenditure on interest payments than other household groups, he said.

Highest-spending households’ cost of living increased by 9.4 percent in the year to December 2022.

The cost of living for lowest-spending households was 7.1 percent in the 12 months to December 2022, statistics show.

This was driven by higher prices for rent, grocery food, interest payments, and fruit and vegetables, Mitchell said.

“Lowest-spending households spend proportionally more on grocery food, fruit and vegetables, and meat, poultry and fish, and proportionally less on restaurant meals and ready-to-eat food than the average household,” he said.

For the lowest-spending households, overall food prices increased by 11 percent.

Grocery food prices increased 10 percent, and fruit and vegetable prices increased 21 percent, according to Stats NZ.

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#Living #costs #increase #Zealand #household #groups

( With inputs from www.siasat.com )

February 2, 2023

Substantial Increase In Project Completions: CS

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JAMMU: Chief Secretary, Dr Arun Kumar Mehta today remarked that J&K has come a long way in improving both the quality and magnitude of expenditure in the last couple of years which has resulted in five fold increase in number of projects completed.

He made these remarks while speaking in a meeting to review the expenditure out of Capex budget 2022-23 by different departments.

The meeting was attended by the Administrative Secretaries, Directors of Finance and other concerned officers from different departments.

Srinagar based officers participated in the meeting through video conferencing.

At the outset, the Chief Secretary impressed upon the Administrative Secretaries to look out for the projects that are nearing completion so that funds are provided for their early culmination. He urged them to accelerate the pace of expenditure so that no part remains to be unspent before the given period.

Dr Mehta maintained that J&K has improved on many indices continuously from the last few years. He gave out that the developmental curve has seen an upward trend with enhanced focus on both quality and quantity of work done on ground.

The Chief Secretary stressed on continuing this pace and momentum of development and reforms in administration so that the objective of less government more governance is achieved effectively. He enumerated that the UT has been successful in moving up the ladder on number of developmental parameters. He elucidated that whether it is digitization of land records, construction of roads under PMGSY, tourist arrivals, sports infrastructure or activities, industrial Investments etc, J&K happens to be an example in fast tracking development.

In terms of reforms, he observed that the UT has done a transformative job. He stated that a year or so before, it was unimaginable to think of Digital J&K, which is a reality today. He reiterated that no goal fixed ever has remained too far for J&K to achieve. He stated that the reforms taken by the LG administration had been first of their kind in the history of J&K.

He said that be it District Good Governance Index, Departmental Deliverables, saturation of individual beneficiary programmes, Aspirational blocks, Aspirational Panchayats, introduction of e-office or other measures, J&K has attained a distinction in moving towards a more vibrant, responsive, transparent and accountable system in these years.

The Chief Secretary urged the officers to make preparations for effectively implementing the next year budget. He advised them to have ambitious targets and achieve them efficiently. He made out that each of these set targets should be followed dedicatedly by all of them. He directed for conducting monthly meetings to assess the progress at apex level besides departmental meetings regularly by the respective Administrative Secretaries to achieve the targets efficiently on time.

The Chief Secretary also said that number of projects likely to be completed in 22-23 is likely to be around 65,000 which shall be more than seven times of number of projects completed in 18-19, reflecting the emergence of new work culture in J&K.

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#Substantial #Increase #Project #Completions

( With inputs from : kashmirlife.net )

January 25, 2023

Tag: Increase

Post Office Schemes Interest Rate Hiked: Post Office Has Increased These 5 Schemes Interest Rate Till March 31, Invest Quickly