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

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..