Prime Minister Manmohan Singh today asked states to waive local taxes, including octroi, as well as reform the outdated Agriculture Produce Marketing Committee Act, or Mandi Act, to help control a runaway food inflation. The Prime Minister also called for dovetailing organised retail chains with farm supply chains. “Supply chains need to be strengthened and these need to be dovetailed with organised retail chains for quicker and more efficient distribution of farm...

Prime Minister Manmohan Singh on Friday asked States to consider waiving mandi taxes, octroi and local taxes for taming inflation, which affected the poor “harder” and posed a serious threat to the country's Growth momentum. He said much of the responsibility for checking price rise lay with the States. “Much of what needs to be done... lies in the domain of State governments... There seems to be a strong case for waiving...

Strategic partnership forged for registration, distribution of UID cards The Department of Posts on Friday announced a strategic partnership with the Unique Identification Authority of India (UIDAI) for registration and distribution of unique identification (UID) cards to citizens. The UIDAI will leverage the DoP national network for its unique identity project AADHAR. The two organisations will also collaborate to provide state-of-the-art biometric and identity authentication services. “The government sees UID as a critical...

THE boom in demand for apparel and mobile phones may soon be over as Indians plan to spend less on fun and entertainment to deal with rising food prices, a Nielsen study says. Indian consumers are extremely cautious about rising food prices and a sizeable section may defer purchases by 6-12 months, says the latest Nielsen global consumer confidence index released on Monday. Some companies, including LG Electronics and Future Group, agreed...

Expressing concern over the "menace" of corruption in the wake of a series of scams, Prime Minister Manmohan Singh Friday said it demeans and dents India's image. "Corruption strikes at the roots of good governance. It is an impediment to faster Growth. It dilutes, if not negates, our efforts at social inclusion. It dents our international image and it demeans us before our own people," Manmohan Singh said, addressing the second...