The diplomatic exercise aimed at presenting India's stance against Pakistan on terror comes in the wake of Operation Sindoor -- the Indian offensive against terror camps in Pakistan and Pakistan-occupied Kashmir following the April 22 terror attack in Pahalgam in which 26 people, mostly tourists, were killed.
Retail inflation slipped to seven-month low of 3.61 per cent in February mainly due to easing prices of vegetables, eggs, and other protein-rich items, creating space for the RBI to go for another cut in interest rate next month.
The Reserve Bank of India (RBI) has projected retail inflation at 4.2 percent for the next financial year beginning April while retaining the forecast for 2024-25 at 4.8 percent. The central bank attributed the expected easing of inflation to good kharif production, winter-easing in vegetable prices and favorable rabi crop prospects. However, the RBI also noted that continued uncertainty in global financial markets coupled with volatility in energy prices and adverse weather events presents upside risks to the inflation trajectory.
Retail inflation slowed to a four-month low of 5.22 per cent in December compared to 5.48 pc in November, mainly due to easing of prices in food basket, according to government data released on Monday. The inflation based on Consumer Price Index (CPI) was 5.48 per cent in November and 5.69 per cent in December 2023.
Mahmudabad, head of the political science department at the private university, was arrested on Sunday after two FIRs were lodged on stringent charges, including endangering sovereignty and integrity, for his social media posts related to Operation Sindoor, police and his lawyer said.
Senior Congress leader Shashi Tharoor welcomed the revival of long-stalled India-UK FTA negotiations, posting a selfie with Union Commerce and Industry Minister Piyush Goyal and the UK's Secretary of State for Business and Trade Jonathan Reynolds. Tharoor's post comes amid a row over his recent article praising the Kerala government's investment climate, which drew criticism from some Congress leaders.
Gold prices tumbled by Rs 1,550 to Rs 91,450 per 10 grams in the national capital on Monday amid heavy selling by jewellers and stockists as well as weak global trend, according to the All India Sarafa Association. On Friday, the precious metal of 99.9 per cent purity had finished at Rs 93,000 per 10 grams.
Ashoka Univeristy associate professor Ali Khan Mahmudabad has been arrested for his social media post on Operation Sindoor, police said in Sonipat on Sunday.
The delegations led by Baijayant Panda, Ravi Shankar Prasad (both Bharatiya Janata Party), Sanjay Kumar Jha (Janata Dal-United), Shrikant Shinde (Shiv Sena), Shashi Tharoor (Congress), Kanimozhi (Dravida Munnetra Kazhagam) and Supriya Sule (Nationalist Congress Party-Sharad Pawar) will visit a total of 32 countries and the EU headquarters in Brussels, Belgium.
The display of RSS founder KB Hedgewar's portraits during a temple festival in Kollam district has sparked controversy in Kerala, prompting the Travancore Devaswom Board (TDB) to request a report from its vigilance wing. The images of Hedgewar were reportedly displayed along with the photos of prominent social reformers like Sree Narayana Guru and B R Ambedkar during Kollam Pooram festival here on Tuesday night. TDB sources said the management of Puthiyakavu Temple, a local shrine in the district which does not come under its ambit, is allegedly responsible for the showcasing of the images of the RSS leader during the "kudamattam" as part of the Pooram festivities.
The Indian National Developmental Inclusive Alliance (INDIA) could have performed better in the recently-held Lok Sabha polls and perhaps, too much time was spent in reaching seat-sharing agreements, Communist Party of India-Marxist-Leninist Liberation general secretary Dipankar Bhattacharya has said.
From the Sensex pack, IndusInd Bank dropped over 3.50 per cent, followed by Mahindra & Mahindra which declined more than 2 per cent. HCL Tech, Maruti, Infosys, Zomato, Power Grid, Adani Ports, Tata Consultancy Services and UltraTech Cement were also among the laggards. Kotak Mahindra Bank, Hindustan Unilever, ICICI Bank, Tata Motors, Nestle and Bharti Airtel were among the gainers.
Security forces killed at least 26 Naxalites in a fierce exchange in Bijapur district of Chhattisgarh, while four more were gunned down in Kanker district, the state's Deputy Chief Minister Vijay Sharma said on Friday. The encounter, which occurred on Thursday, took place while the Naxalites were gathered for a Tactical Counter Offensive Campaign (TCOC) meeting, a period observed between March and June. The Deputy CM hailed the operation as a major achievement against the Naxals.
Global trends, macroeconomic announcements and US tariff developments are expected to drive stock markets in a holiday-shortened week, analysts said. Market participants will also closely track foreign investor activity, geopolitical tensions, and their impact on the US dollar and crude oil prices, they added.
Amidst ongoing tensions with the ruling DMK government, Tamil Nadu Governor R N Ravi has invited Vice President Jagdeep Dhankar to inaugurate a meeting of state university Vice Chancellors in the Nilgiris district, sparking criticism from political parties, particularly the Left, who have urged a boycott. The meeting comes in the wake of the Supreme Court ruling in favor of the Tamil Nadu government regarding the appointment of Vice Chancellors, which has stripped the Governor of his previous authority as Chancellor. The Governor, however, maintains his right to convene the meeting, highlighting the ongoing power struggle between the Governor and the state government. The meeting is scheduled for April 25 and 26.
Opposition parties in India, including the Congress, Left parties, Samajwadi Party, Bahujan Samaj Party, Trinamool Congress, Dravida Munnetra Kazhagam, Rashtriya Janata Dal, Shiv Sena (UBT), and NCP (SP), have unanimously hailed the armed forces' "Operation Sindoor", a retaliatory strike against terrorist infrastructure in Pakistan and Pakistan-occupied Kashmir (PoK). The operation, which involved missile and drone strikes, was conducted in response to the April 22 Pahalgam terror attack. Despite political differences, all parties expressed support for the government and the armed forces, stressing the importance of national unity and integrity in the face of terrorism. While emphasizing the need for diplomatic avenues to prevent further escalation, some parties also called for caution in attributing political credit for the strikes.
As votes for the Delhi assembly polls were counted on Saturday, latest data of the Election Commission showed that NOTA option got 0.57 per cent vote share as compared to 0.55 pet cent of the Bahujan Samaj Party and 0.01 per cent of Communist Party of India-Marxist.
'The BJP lacks a credible mass leader who matches Mamata Banerjee's popularity.' 'Given the division of votes among Opposition parties, the West Bengal government's dole-giving strategy, and the consolidation of the poor, significant sections of scheduled caste groups and Muslim minorities behind the ruling party, it will be difficult to dislodge the Trinamool from power.'
Veteran Communist leader and former chief minister V S Achuthanandan, one of the most popular and crowd-puller leaders in the history of the ruling Communist Party of India-Marxist in the state, turned 100 on Friday.
A CBI court in Kerala sentenced 10 individuals to life imprisonment for the murder of two Youth Congress workers in 2019. Four others, including a former CPI(M) MLA, received five years in prison. The court found the accused guilty of murder and criminal conspiracy, citing political rivalry as the motive. The case involved the deaths of Kripesh and Sarath Lal P K, who were allegedly killed by CPI(M) workers in Kasaragod district. The verdict sparked reactions from both the Congress and CPI(M), with the Congress calling it a blow to the CPI(M)'s violent political culture and the CPI(M) challenging the verdict and claiming political motives in the CBI investigation.
There is a proposal from the BJP camp that they would resort to a proportion-based increase in the number of Lok Sabha seats for individual states, based on what they now have. On the face of it, this sounds like a fine argument that those demanding a 'freeze' now cannot oppose without reasons and justification, avers N Sathiya Moorthy.
'Many of them are mutilated beyond recognition. Every day an encounter takes place.' 'Bastar has been burnt to ash.'
They said the Left party is consulting its lawyers to challenge the notice of the tax authorities.
Rahul Gandhi has urged the youth of Bihar to join him in the march in Begusarai wearing "white T-shirts".
'Rather than assuaging the feelings of the Hindus accommodated in schools and hospitals, she calls a meeting of imams and tries to assuage them.'
While the BJP received the highest amount, securing Rs 1,685.63 crore, the Congress received Rs 828.36 crore, and the Aam Aadmi Party (AAP) Rs 10.15 crore.
Leaders of the West Bengal Congress unit, which has an alliance with the CPI-M-led Left Front in the state, were seen welcoming the Left leaders.
India will be the world's third-largest economy by 2028 as it becomes the world's most sought-after consumer market and gains share in global output, driven by macro stability influenced policy and better infrastructure, Morgan Stanley said. From a $3.5 trillion economy in 2023, the Indian economy is projected to expand to $4.7 trillion in 2026, which will make it the fourth largest in the world behind the US, China and Germany.
'The TMC can't go on forever taking advantage of the people's fright of the BJP.'
Investors' sentiments will be guided by a host of domestic and global macroeconomic data announcements this week, along with the trading activity of foreign investors and trends in world stocks, analysts said. Besides, the rupee-dollar trend and movement of global oil benchmark Brent crude will also be crucial in dictating terms in the market, experts added.
Wholesale price inflation marginally rose to 2.38 per cent in February due to expensive manufactured food items like vegetables oil and beverages, government data released on Monday showed. The Wholesale Price Index (WPI) based inflation was 2.31 per cent in January. It was 0.2 per cent in February 2024.
'A repo cut will be very good for the market as it will mean that everything is being done to spur growth in these uncertain times.'
Hours after the Waqf (Amendment) Bill was passed in Parliament, 50 individuals embroiled in land disputes in Kerala's Munambam joined the BJP, hoping for a resolution to their claims. The residents, who have been protesting for 174 days, allege that the Waqf Board is claiming ownership of their properties. BJP leader Rajeev Chandrasekhar assured them of the party's support and a meeting with Prime Minister Narendra Modi to express gratitude. The BJP capitalized on the Catholic Church's support for the legislation, accusing the Congress and the Left of appeasement politics. The opposition, however, questioned the impact of the bill on the Munambam issue.
The editorial, titled "Ahimsa Award for the Executioner?", criticized Congress leader Shashi Tharoor for praising the entrepreneurial growth of Kerala under the Left government. It argued that it was "suicidal" to weaken the party from within when the Congress was actively opposing the shortcomings of the LDF government. The editorial also criticized Tharoor's positive remarks on Prime Minister Narendra Modi's recent US visit, calling it a mere gesture by two administrators to improve their image.
Retail inflation slowed to 5.48 per cent in November compared to 6.21 per cent in October, mainly due to easing food prices, especially vegetables, according to government data released on Thursday. According to Consumer Price Index (CPI) data released by the National Statistics Office (NSO), the inflation in the food basked reduced to 9.04 per cent in November. It was 10.87 per cent in October and 8.70 per cent in November 2023.
The BJP received the highest amount in large donations among national parties in the financial year 2023-24, with over Rs 2,243 crore declared from 8,358 donations, according to a report by poll rights body the Association for Democratic Reforms (ADR). The report, based on data submitted to the Election Commission, highlighted trends in political donations above Rs 20,000. The total declared donations to national parties stood at Rs 2,544.28 crore from 12,547 contributions - a sharp 199 per cent increase compared to the previous year.
Opposition parties in India have criticized the imposition of President's rule in strife-torn Manipur, accusing the ruling Bharatiya Janata Party (BJP) of failing to address the ethnic violence and using the measure to cover up internal conflicts within the party. They demanded a clear roadmap for restoring peace and questioned the government's lack of transparency and inaction on the issue. The violence, which erupted in May 2023, has left over 250 people dead.
Continuing the downward trend, retail inflation fell to a five-month low of 4.31 per cent in January, mainly due to a decline in the prices of vegetables, eggs, and pulses. The Consumer Price Index-based retail inflation was 5.22 per cent in December and 5.1 per cent in January 2024. The previous low inflation was in August 2024 at 3.65 per cent.
The Lok Sabha, India's lower house of Parliament, will debate the contentious Waqf (Amendment) Bill on Wednesday. The bill has been met with strong opposition from several parties who claim it is unconstitutional. The government, however, insists the bill aims to improve the management of Waqf properties in India by bringing transparency and efficiency.
Opposition MPs in India's Rajya Sabha raised concerns about US President Donald Trump's tariff threats, demanding the government clarify its response and engage in discussions with opposition parties. Leaders like P Chidambaram and Sagarika Ghose warned of potential economic repercussions, including depressed exports, lower FDI, and a significant tariff burden. The debate also touched on other issues such as the government's economic policies, demonetization, and the impact of GST on common citizens.
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