Bengaluru water tariff to be increased 20 to 30 per cent: ‘It is inevitable,’ says DK Shivakumar

  • DK Shivakumar justified the water tariff hike, saying there has been no increase in the past 12-13 years and without its implementation, the board might collapse

Livemint
Published24 Aug 2024, 12:23 PM IST
Karnataka Congress president and deputy chief minister DK Shivakumar. (File Photo)
Karnataka Congress president and deputy chief minister DK Shivakumar. (File Photo)(HT_PRINT)

Karnataka Deputy Chief Minister and Bengaluru Development Minister DK Shivakumar said on Saturday, August 24, that an increase of 20 to 30 per cent in water tariff is “inevitable” due to ongoing financial difficulties faced by the Bangalore Water Supply and Sewerage Board (BWSSB). DK Shivakumar justified the water tariff hike, saying there has been no increase in the past 12-13 years and without its implementation, the board might collapse.

"There has been no water tariff hike in the last 12-13 years. The BWSSB is managing its finances with great difficulty. Water tariff hike is inevitable and it will be done irrespective of any opposition to it," DK Shivakumar said while speaking after inaugurating the 'Cauvery water at your doorstep' campaign.

Shivakumar, however, also said that the Karnataka government has not yet determined the exact amount that will be charged from the Bengaluru residents. "We are still determining the exact amount and the segments to which the hike will apply," he said.

Shivakumar explained that without an increase in water tariffs, the BWSSB might face collapse, impacting its ability to support its employees and manage basic operational costs, including electricity bills. "It is imperative to supply water to 140 crore people of Bengaluru. It is difficult to do so without investing in a larger distribution network," Shivakumar added.

The Karnataka deputy chief minister also addressed the rising electricity costs. "Given the steep rise in electricity prices over the past 14 years, this facility will save significant money and involve all departments connected to Bengaluru," he said.

Responding to proposals for privatizing BWSSB services, the Deputy CM rejected and cited past experiences where privatization led to increased costs without delivering substantial benefits. "Despite many proposals and past experiences, including a study I conducted on water utility privatization in France, I am resolute in opposing privatization of public utilities," he said.

"Adani and other companies have taken up responsibility for utilities in many cities including Mumbai. But I firmly told them that I would not allow the privatisation of public utilities. There have been many proposals for privatisation of utilities even during the times of JH Patel and SM Krishna," he said.

(With agency inputs)

Catch all the Business News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:24 Aug 2024, 12:23 PM IST
Business NewsNewsBengaluru water tariff to be increased 20 to 30 per cent: ‘It is inevitable,’ says DK Shivakumar

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Bandhan Bank share price

    211.00
    03:51 PM | 11 OCT 2024
    23.25 (12.38%)

    Tata Steel share price

    160.70
    03:51 PM | 11 OCT 2024
    1.05 (0.66%)

    Axis Bank share price

    1,174.25
    03:29 PM | 11 OCT 2024
    -9.5 (-0.8%)

    Zee Entertainment Enterprises share price

    130.10
    03:55 PM | 11 OCT 2024
    0.7 (0.54%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Cummins India share price

    3,611.75
    03:55 PM | 11 OCT 2024
    -169.6 (-4.49%)

    Star Health and Allied Insurance share price

    547.85
    03:59 PM | 11 OCT 2024
    -19.35 (-3.41%)

    Creditaccess Grameen share price

    1,081.40
    03:29 PM | 11 OCT 2024
    -38 (-3.39%)

    Jubilant Pharmova share price

    1,146.15
    03:55 PM | 11 OCT 2024
    -37.65 (-3.18%)
    More from Top Losers

    Nippon Life share price

    700.85
    03:53 PM | 11 OCT 2024
    59.15 (9.22%)

    Network 18 Media & Investments share price

    81.44
    03:52 PM | 11 OCT 2024
    5.16 (6.76%)

    Sonata Software share price

    608.50
    03:42 PM | 11 OCT 2024
    36.1 (6.31%)

    Triveni Turbines share price

    790.10
    03:29 PM | 11 OCT 2024
    45.85 (6.16%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      77,685.00260.00
      Chennai
      77,691.00260.00
      Delhi
      77,843.00260.00
      Kolkata
      77,695.00260.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      102.86/L0.00
      Chennai
      100.75/L-0.01
      Kolkata
      104.95/L0.00
      New Delhi
      94.72/L0.00

      Popular in News

        HomeMarketsPremiumInstant LoanMint Shorts