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Industry bodies’ 4-day strike against power tariff hike from Aug 4

Industrial associations across Punjab on Thursday decided to observe a four-day strike beginning August 4 to protest against the recent hike in power tariff.

Written by Raakhi Jagga | Ludhiana | Published: July 27, 2012 3:05 am

Industrial associations across Punjab on Thursday decided to observe a four-day strike beginning August 4 to protest against the recent hike in power tariff. They will also move court against Punjab State Electricity Regulatory Commission (PSERC) for imposing the tariff from retrospective effect.

“The hike should not have been more than 7 per cent and the charges being applicable from back date will only cheat the consumers. On an average,an induction furnace will have to pay nearly Rs 25 lakh extra for this period and big arc induction units will have to shell out more than Rs 3 crore,” said North India Induction Furnace Association president K K Garg.

He added: “Deputy Chief Minister Sukhbir Badal repeatedly say that they want to convert Punjab into Gujarat,but if things continue like this,industries will run away from Punjab.”

According to industrialists,after imposing a compulsory power cut for two days every week on general industry and three days on induction furnaces,the Punjab State Power Corporation Limited (PSPCL) has also withdrawn “peak load” restrictions. During the peak load hours — from 7 pm to 10 pm — several industrialists used to run their units after paying an additional amount. However,the new restriction has made it compulsory for all to further reduce the load,said a trader.

Narinder Bhamra,president of Fastners Association,said: “It seems that the PSERC is another extension of the state government.”

Govt for online data of goods’ movement

The state Department of Excise and Taxation has issued a notification under Section 51 stating that all dealers in Punjab will have to furnish online data of the goods to be delivered from August 10. As per the notification,information regarding intra-state movement of goods will have to furnished if items worth Rs 3 lakh or above are sold in a single transaction,except in the case of iron and steel,where the threshold is Rs 2 lakh.

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