PM manufacturing bullish sentiment on economy, running away from bearish reality of farmers: Cong
New Delhi (PTI): The Congress on Wednesday said that while Prime Minister Narendra Modi and his colleagues are trying to manufacture a bullish sentiment on the economy, they are simply running away from the "bearish reality" facing farmers who are getting prices below MSP.
Congress general secretary in-charge communications Jairam Ramesh claimed that the market prices for various crops like maize, soybean and moong are currently well below their minimum support prices (MSPs).
"The PM and his colleagues are trying to manufacture a bullish sentiment on the economy. They are simply running away from the bearish reality that stares farmers across the country," he said in a post on X.
Market prices for maize, soybean, moong, arhar, cotton, and bajra are well below the corresponding MSP, Ramesh said.
He also shared a chart elucidating his point.
"This is why farmers' organisations have been demanding a legal guarantee for MSP -- something the ousted Vice President of India had also strongly supported," Ramesh said in an apparent reference to Jagdeep Dhankhar.
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Power tariffs under BESCOM to rise from May 1
Bengaluru (PTI): Power bills for consumers under the Bangalore Electricity Supply Company Limited (BESCOM) will go up from May 1, following an order issued by the Karnataka Electricity Regulatory Commission (KERC) on Friday.
The hike comes after KERC allowed the BESCOM to recover a revenue deficit of Rs 2,068 crore incurred in 2024-25, from the consumers.
As a result, for every unit of electricity consumed in 2024-25, the customers will be charged an additional 56 paise, it said.
"BESCOM shall calculate, for each of the active consumers of FY2024-25 the amount to be recovered based on their actual energy consumption during FY2024-25. Such amount shall be recovered during FY 2026-27 in equal monthly instalments, to be called as 'FY25 True up Charges', commencing from the first meter reading date falling on or after 1 May 2026 and concluding with the reading date ending on 30 April 2027," the order said.
"It is further ordered that BESCOM shall maintain a separate head of account, allocated for the purpose, to record the adjustment of the said amount to ensure full recovery of the deficit," it added.
Similarly Chamundeshwari Electricity Supply Corporation Limited (CESC) has also recorded a revenue deficit of Rs 121.71 crore and can collect an additional 15 paisa per unit for consumption in 2024-25, official sources said.
