Delhi Water Minister Parvesh Verma attributed a steep increase in accounts for the population of the population in national capital 5% compound interest used for the billing cycle, whether monthly or two months.
“People received accounts in the lakhs, because Delhi council Jal collected an interest rate of 5% for the billing cycle, some of which were cycles per month or every two months,” Verma quoted and on Friday addressed the media.
According to him, for a monthly cycle with a 5% compound interest rate, a £100 Bill would become £178 for more than one year. When the interest rate was reduced from 5% to 2%, the monthly cycle now results in paying people £130 for a £100 Bill after the interest of interest.
Similarly for a two -month cycle where people paid £134 for a £100 accounts now pay £115, so we reduced interest.
Delhi Govt to give up late payment surcharges
Meanwhile, to a significant relief to the inhabitants of Delhi, the government said that from next month all late payment surcharges (LPSC) would be completely abandoned for water accounts and government facilities, PTI said that Minister Parvesh Verma quoted.
The scheme for acquitting obligations, which will continue until 31 of next year, will probably benefit around 29 customers registered by Delhi Jal Board (DJB), as well as government buildings and offices.
In particular, private schools and hospitals, along with other commercial facilities, are excluded from the system.
“This is the first and last system of LPSC mediation of this government. These are only two categories, the decision on the commercial category is still necessary. Each case will be fully focused on DJB officials in public awareness, which will be established in each colony,” Verma said at a press conference.
According to him £16 068 Crore is owed in water accounts in the home category, £11 069 Crore is a late surcharge and the remaining amount is the main.
(With the entry from agencies.)
(Tagstotranslate) diagram mediation LPSC
