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Karnataka's Water Tariff Hike: A Necessity Forced By Freebies & Empty Coffers

In a significant announcement, Karnataka Deputy Chief Minister D K Shivakumar has announced that the state will implement a water tariff hike due to the mounting financial losses faced by the Bangalore Water Supply and Sewerage Board (BWSSB). This marks the first increase in water tariffs since 2014, with BWSSB incurring annual losses of ₹1,000 crore and monthly losses of ₹85 crore. According to the state government, rising operational costs, particularly electricity expenses that have surged from ₹35 crore to ₹75 crore, have made this hike unavoidable. The Siddaramaiah government meanwhile plans to regularize illegal connections and expedite water supply connections under the Cauvery Stage 5 project to address last summer's severe water crisis. #BusinessToday #KarnatakaNews #WaterTariffHike #BWSSB #MetroPriceHike #DKShivakumar #BangaloreWaterCrisis #Siddaramaiah #Bangalore #WaterSupply ----------------------- Thank You for watching! Do not forget to Like | Comment | Share ----------------------- About the channel Watch us for the best news and views on business, stock markets, crypto currencies, consumer technology, the world of real estate, bullion, automobiles, start-ups and unicorns and personal finance. Business Today TV will also bring you all you need to know about mutual funds, insurance, loans and pension plans among others. Follow us at: Website: https://www.businesstoday.in WhatsApp: whatsapp.com/channel/0029Va4Hd309hXFCqY62yD2I Facebook:   / businesstoday   twitter:   / business_today   Instagram:   / business_today