Delhi Govt to conduct audit of discoms regarding pension surcharge

07 Oct 2024 CW Team

Delhi Chief Minister Atishi has announced a special audit of power companies to investigate the pension surcharge issue, according to an official statement released on Wednesday. The audit, to be carried out by auditors approved by the Comptroller and Auditor General (CAG), aims to enhance transparency in the pension process of the Delhi Vidyut Board (DVB).

Currently, DISCOMs levy a seven percent pension surcharge on power consumers’ monthly bills, calculated as a percentage of the fixed and energy cost components.

Highlighting the government's commitment to pensioners, Atishi emphasized that ensuring the well-being of DVB pensioners is a top priority. This audit is expected to provide accountability and clarity regarding the funding and distribution of pension benefits, ensuring that pensioners receive the necessary support.

The Chief Minister has instructed the Delhi Electricity Regulatory Commission (DERC) to perform a comprehensive audit of all electricity distribution companies (DISCOMs) in the national capital. This initiative aims to protect the pension benefits of over 20,000 DVB pensioners and improve transparency.

The primary goal of the audit is to monitor the funds collected as pension surcharge and confirm their proper utilization for pension funding and related benefits for retired DVB employees.

"The well-being of DVB pensioners is our priority. This special audit will enhance transparency in the entire pension process. These pensioners have served Delhi for decades, and it is our responsibility to ensure they receive better facilities in their retirement," Atishi stated.

She further noted that the audit would ensure accountability and clarity in the collection of the pension surcharge and assess the ongoing funding needs of the pension trust.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..