The government plans to hike Diesel prices by up to Rs 3 a litre soon after the assembly elections in five states are over next week, while an equivalent steep increase in petrol rates is also on card. "An Empowered Group of Ministers (EGoM) headed by finance minister Pranab Mukherjee is scheduled to meet on May 11 to mull on a hike in Diesel prices," a top government official, refusing to...

An annual meeting of Asian finance ministers and central bank governors in Hanoi is set to address the fate of 64 million people in the region on the brink of extreme poverty. They are the worst affected by soaring food prices, which have hit record highs in the first two months of this year. "The issue of food price inflation and food security will indeed be one of the key topics...

A LEAFY VILLAGE in Kerala, Pathanpara, never found access to India’s electricity grid. That is why for the last several years, this village has been generating its own electricity. Raju, a dhoti-clad cashew nut farmer, operates Pathanpara’s five kilowatt (KW) micro hydropower plant. He lives in the village and earns a salary of Rs 2,250, paid by the People’s Electricity Committee (PEC). The power generated is shared equally by the village,...

Asserting that nuclear power will play a major role in meeting the energy needs of the country during the 12th Five-Year Plan, the Planning Commission on Thursday said the country needed an additional 1,00,000 MW of power during the 12th Plan period (2012-17) and therefore capacity expansion should be undertaken keeping the safety measures intact. Making a presentation to the Prime Minister at the full-fledged meeting of the Commission, Deputy Chairman...

Rising farm wages, which have a major impact on food prices, may force the government to devise a blueprint in which agricultural work is included under a widened ambit of a government's flagship job surety scheme, a key government official said. "We may need to come up with some sort of a special agreement for wage payment to beneficiaries working on farms since they are privately owned," Ashok Gulati, noted farm...