Karnataka Chief Minister Siddaramaiah has ruled out any hike in power tariff in the state, at least for now. Speaking to reporters on Sunday, he said that the government is aware of the plight of the industry and will make all efforts to win their confidence.
The power tariff in Karnataka has been a contentious issue for some time. In recent years, the government has been forced to raise the tariff several times in order to meet its financial obligations. This has led to protests from industries and consumers, who have argued that the hikes are unfair.
Siddaramaiah’s announcement is a relief to many industries in the state. The power tariff is a major expense for businesses, and a hike would have put a further strain on their finances. The government’s decision to hold off on a hike is a sign that it is listening to the concerns of businesses.
However, it is important to note that the government’s decision is not final. The situation could change in the future, and the government may be forced to raise the tariff if it cannot find other ways to meet its financial obligations.
In the meantime, businesses and consumers can breathe a sigh of relief. The power tariff will not be going up any time soon.