Coimbatore: Micro, small & medium enterprises (MSMEs) in Coimbatore have threatened another round of protest demanding a reduction in power tariffs in the district. They will hold a human chain protest on Wednesday across the state to pressure the government to decrease the power tariff. Speaking to reporters in the city on Tuesday, president of the Tamil Nadu Association of Cottage and Tiny Enterprises J James said MSMEs have been struggling due to an increase in the price of raw materials and a hike in electricity tariff.He said that despite multiple letters to the electricity minister, no measures were taken in this regard.
“We have been requesting the chief minister to protect small businesses. The power tariff hike has affected the livelihood of 1.75 crore workers,” James said.
For the past 118 days, he said, the association has been protesting in several forms such as closing shops and sending telegraphs to draw the state government’s attention to the issue.
James added, “The electricity board charges us Rs 1.53 for installing solar panels for industrial establishments. But in other states, the government allowances are 50%.”
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“We have been requesting the chief minister to protect small businesses. The power tariff hike has affected the livelihood of 1.75 crore workers,” James said.
For the past 118 days, he said, the association has been protesting in several forms such as closing shops and sending telegraphs to draw the state government’s attention to the issue.
James added, “The electricity board charges us Rs 1.53 for installing solar panels for industrial establishments. But in other states, the government allowances are 50%.”
We also published the following articles recently
No proposal to hike power tariff: APDCL
The Assam Power Distribution Corporation Limited (APDCL) has clarified that there is no proposal to raise electricity tariff rates in the current financial year. APDCL has proposed to the Assam Electricity Regulatory Commission (AERC) to continue with the existing tariff structure and recover the dues through a suitable mechanism. The revenue gap for the financial year 2022-23 is Rs 1,904.17 Crore. The power tariff for domestic consumers remains unchanged as per the tariff fixed in April this year. APDCL revised the tariff in October, introducing a power purchase price adjustment (FPPPA) charge for consumption above 300 units per month.
The Assam Power Distribution Corporation Limited (APDCL) has clarified that there is no proposal to raise electricity tariff rates in the current financial year. APDCL has proposed to the Assam Electricity Regulatory Commission (AERC) to continue with the existing tariff structure and recover the dues through a suitable mechanism. The revenue gap for the financial year 2022-23 is Rs 1,904.17 Crore. The power tariff for domestic consumers remains unchanged as per the tariff fixed in April this year. APDCL revised the tariff in October, introducing a power purchase price adjustment (FPPPA) charge for consumption above 300 units per month.
United States Considers Increasing Tariffs on Chinese Electric Vehicles (EVs)
The Biden administration is reportedly discussing a possible tariff hike on certain Chinese goods, including electric vehicles (EVs). The discussion involves revisiting the 25% tariff on Chinese automobiles imposed by former President Donald Trump and later extended by the Biden administration. The U.S. government is contemplating a resolution to this matter early next year as part of an ongoing review of tariffs on approximately $300 billion worth of Chinese goods. There is also contemplation within the Biden administration about reducing tariffs on select Chinese consumer products. Lawmakers argue that the existing import tariffs on Chinese-made vehicles are inadequate, given some U.S. automakers’ reliance on exports.
The Biden administration is reportedly discussing a possible tariff hike on certain Chinese goods, including electric vehicles (EVs). The discussion involves revisiting the 25% tariff on Chinese automobiles imposed by former President Donald Trump and later extended by the Biden administration. The U.S. government is contemplating a resolution to this matter early next year as part of an ongoing review of tariffs on approximately $300 billion worth of Chinese goods. There is also contemplation within the Biden administration about reducing tariffs on select Chinese consumer products. Lawmakers argue that the existing import tariffs on Chinese-made vehicles are inadequate, given some U.S. automakers’ reliance on exports.
UK and EU Reach Accord on Post-Brexit Electric Car Tariff Postponement
British Prime Minister Rishi Sunak announced a breakthrough in the discussions with the European Union. The EU approved a one-time extension until 2026 for post-Brexit tariffs on electric vehicle sales. The agreement involves a more gradual implementation of “rules of origin” regulations and tariffs. The delay in tariffs will help keep costs down for businesses and people transitioning to electric vehicles. The anticipated delay is expected to result in savings of up to $5.5 billion for car manufacturers and consumers.
British Prime Minister Rishi Sunak announced a breakthrough in the discussions with the European Union. The EU approved a one-time extension until 2026 for post-Brexit tariffs on electric vehicle sales. The agreement involves a more gradual implementation of “rules of origin” regulations and tariffs. The delay in tariffs will help keep costs down for businesses and people transitioning to electric vehicles. The anticipated delay is expected to result in savings of up to $5.5 billion for car manufacturers and consumers.