Food inflation will defy government policies to remain in high single-digit levels in the long run, unless there is a change in an overwhelming bias among farmers towards staples such as wheat and rice, say economists and policymakers. A steady growth in population and rapidly rising income levels are adding to inflationary pressure at a time when agricultural productivity is showing a decline. A major reason is that the agriculture...

The ripple effects of the storm caused over the rotting food grains will now benefit 70 lakh Below Poverty Line (BPL) card-holders in Maharashtra. The State government has announced that the BPL quota has been increased from 35 kg to 44 kg per card a month for the period between September 2010 and February 2011. “The Central government has sanctioned the decision and has made a provision of Rs. 125 crore for...

Maharashtra's deadline for the completion of the Unique Identification Number (UID) project seems to be escalating even as the Prime Minister is set to launch the project by the month-end from Nandurbar. In the last month, Ashok Chavan, Chief Minister of Maharashtra, had said during a function that the State will start issuing UID cards by November 1, 2010. But Anil Deshmukh, Minister for Food and Civil Supplies and consumer Protection,...

The government is considering several options to rationalise the subsidy on cooking gas such as excluding income tax payers from getting subsidised cylinders, limiting availability per household and higher prices for urban customers to provide this clean fuel in rural areas. “Those who can afford must pay the full price, while subsidised LPG should be made available to the poor,” an oil ministry official said adding that the ministry has...

The Maharashtra Electricity Regulatory Commission (MERC) on Thursday spared a power tariff hike for nearly 16 lakh non-metered agriculture consumers consuming up to 5 horsepower and 1.20 crore residential consumers of Maharashtra State Electricity Distribution Company Ltd (MSEDCL) with a monthly consumption up to 300 units, for 2010-11. Taking note of the grievance of educational institutions, dispensaries and hospitals consuming a load up to 200kw,MERC has de-clubbed them from the commercial...