CM backs power tariff hike

Karnataka chief minister B S Yeddyurappa today supported the demand by power supply companies for a tariff revision on which the government was expected to take a decision in a couple of days.“The Power Transmission Companies are facing huge losses now. It is inevitable that we increase the power tariff,” Yeddyurappa told reporters on the sidelines of a function here. He said the quantum of hike would be decided after a meeting with department officials concerned.

http://www.business-standard.com/india/news/cm-backs-power-tariff-hike/362460/