UP introduces online payment facility for power bills

“The corporation has developed website www.uppclonline.com on which consumers could register themselves by entering their account number and bill number to pay their bills,” UPPCL chairman Avnish Awasthi said

Lucknow:  In a bid to simplify the process of tariff collection, the Uttar Pradesh Power Corporation (UPPCL) has introduced a system of online payment of electricity bills in the state, reports PTI.
 
Consumers will be able to pay their bills through debit and credit cards and online banking by logging into the website www.uppclonline.com specially designed for the purpose.
 
“The corporation has developed website www.uppclonline.com on which consumers could register themselves by entering their account number and bill number to pay their bills,” Corporation chairman Avnish Awasthi said.
 
He however, said that at present only Punjab National Bank is linked for the internet banking option and process is on to add other banks too.
 
In first phase, this facility will be available in the cities of Lucknow, Varanasi, Aligarh and Meerut and then will be extended later, he said.

User

COMMENTS

Shahrukh Khan

1 month ago

Dear Consumers Here we are going to provide all guidelines which relates to TNEB Online Payment and Total Preface regarding Tamil Nadu Electricity Board.

Federal Bank cuts base rate by 0.20% to 10.45%

The Reserve Bank of India had surprised all by slashing the repo rate at which it lends to the banks by 0.50% to 8% at its annual monetary policy announcement on 17 April 2012

Mumbai:  Kerala-based Federal Bank cut its base rate or the minimum lending rate by 0.20% to 10.45% following last week’s Reserve Bank of India’s (RBI) reduction in the key policy rate, reports PTI.

 The bank action will be applicable from 2 May 2012, it said in a statement.

The RBI had surprised all by slashing the repo rate at which it lends to the banks by 0.50% to 8% at its annual monetary policy announcement on 17 April 2012.

Reacting to the move, all the bankers had said this will lead to lower rates but some opined that the deposit rates will go down first and the reduced cost of funds will trigger base rates decreasing.

Other lenders like ICICI Bank, IDBI Bank and Corporation Bank have already announced cut in interest rates.

State Bank of India, the country’s largest lender has cut rates on select offerings, but is keeping the base rate intact.

Federal Bank reduced term deposit interest rates by up to 0.25% depending on maturity, the statement said.

The reduced deposit rates will be effective from 26 April 2012, it added.

User

COMMENTS

MY's

3 months ago

is there any card payments accepted for tneb online payment to pay from online services like paytm and all please anyone help me in this.

MY's

3 months ago

is there any card payments accepted for tneb online payment to pay from online services like paytm and all please anyone help me in this.

Fertiliser ministry proposes $1 bn fund to acquire overseas assets

The Working Group on fertilisers, set up by the Planning Commission for the 12th Five Year Plan (2012-17), had suggested that India should look at buying fertiliser mineral assets in over 20 countries to meet the domestic shortfall

New Delhi: Amid depleting resources and rising global prices of soil nutrients, the fertiliser ministry has proposed a Sovereign Wealth Fund (SWF) of $1 billion to acquire such assets abroad, reports PTI.

“We have proposed to the finance ministry about creating a SWF of $1 billion for acquiring of fertiliser mineral assets in foreign countries,” a source in the fertiliser ministry said.

The broad modalities about the nature of operation of the fund still need to be discussed, the source added.

India imports about 6 million tonne each of potash and urea and 7 million tonnes of Di-ammonium Phosphate (DAP) every year.

According to another source in the ministry, the nature of operation of the fund needs to be discussed in detail as there are some grey areas.

“We need to sort out whether it will be used for resource gap funding in case a private company is looking to acquire assets in a foreign country or to help public sector firms in acquiring assets,” he said.

Various committees and working groups have suggested the public private partnership (PPP) model for acquisition of assets, in which case the modalities of the fund will have to be cleared about the level of financial support for both public and private sector, the source added.

Recently, the Working Group on fertilisers, set up by the Planning Commission for the 12th Five Year Plan (2012-17), had suggested that India should look at buying fertiliser mineral assets in over 20 countries including Belarus and Canada to meet the domestic shortfall.

It had also recommended that in view of the risk and huge costs involved in acquisitions, the government should create a fund with an initial corpus of $5 billion.

Likewise, the Working Group on Mineral exploration and development (other than coal and lignite) for the 12th Plan in its report had emphasised on public-private partnership for the acquisition of fertiliser assets abroad.

The Planning Commission had also suggested setting up of a SWF with an initial corpus of $10 billion, mainly to invest in energy and mining assets abroad.

Industry body Fertiliser Association of India has also asked the government to create a SWF of $20 billion to acquire mineral assets abroad.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)