Updated new base years for national accounts and other macro-indicators are expected to come into effect from January-February 2026, coinciding with the first and second advance estimates of national income for FY26, senior official sources aware of the development told Business Standard. "The statistics ministry set up the Advisory Committee on National Accounts Statistics (ACNAS) earlier this week. "It will advise on the base year for GDP (gross domestic product) and its alignment with other macro-indicators.
The RBI has changed the way it approached supervision in the past. Having seen a couple of collapses in the NBFC sector and the near-collapse of a few banks, it is focusing on regular drills to prevent a fire from breaking out, explains Tamal Bandyopadhyay.
BJP members, including the Leader of Opposition Sunil Sharma, opposed the resolution, saying it was not part of the listed business.
Retail inflation increased to four-month high of 5.08 per cent in June as food items, including vegetables became dearer, according to government data released on Friday. The Consumer Price Index (CPI) based retail inflation was on a decline since January, before rising again in June. The CPI-based retail inflation was 4.8 per cent in May 2024 and 4.87 per cent in June 2023.
The CPI-M leader was the chief minister of the state from 2000 to 2011.
After the Congress' shock defeat in Haryana, the opposition Indian National Developmental Inclusive Alliance (INDIA) parties flexed their muscles on Wednesday, accusing the grand old party of ignoring them.
Opposition parties on Wednesday opposed the 'one nation, one election' proposal by calling it impractical and a 'cheap stunt' by the ruling Bharatiya Janata Party.
Friendly fights, however, are more complicated for the MVA, especially since smaller parties who are part of the INDIA bloc are also in the mix.
'Future market gains will likely depend primarily on earnings growth.'
As pressure mounted, the CPI-M-led Left Democratic Front seemed to be supporting Mukesh, taking a cautious wait-and-watch stance.
What India needs more than one simultaneous election is better governance both at the central and state level. Yes, we need reforms, but our priority should be to make elections less expensive, make it more democratic, do away with freebies which are actually bribes before elections, allow only those who are educated to contest, and bring in a bill to make it impossible for criminals to contest, advocates Ramesh Menon.
There are few leaders in the Opposition line up who can claim a path to party leadership like Sitaram Yechury and certainly, very few who blended that ascent through student politics with awareness about non-elite real India, urban India and liberal politics, as he did, notes Shyam G Menon.
Here are the number of seats won by parties in all states and Union Territories in the Lok Sabha elections.
The case was registered following a complaint filed by KP Sumesh, a local Communist Party of India leader, seeking legal action against Gopi for allegedly misusing an ambulance to reach the Pooram venue flouting police restrictions.
From the 30 Sensex firms, Bajaj Finance, Reliance Industries, Tata Steel, JSW Steel, Tech Mahindra, Tata Motors, Kotak Mahindra Bank and Maruti were the biggest laggards. Reliance Industries Ltd, India's most valuable company, on Monday reported a 5 per cent fall in the July-September quarter net profit as weak oil refining and petrochemical business hurt operational performance. ICICI Bank, Bharti Airtel, Asian Paints, Adani Ports, UltraTech Cement and HCL Technologies were among the gainers.
'The central bank has highlighted that the slowdown in growth has been limited to a few sectors and overall growth is expected to pick up in the second half of the year.'
Tension gripped Kerala as an unidentified person allegedly hurled an explosive substance at the state headquarters of the ruling Communist Party of India-Marxist on Thursday night.
Kharge alleged that Dhankhar is working as a government spokesperson and acting like a school headmaster, often sermonising experienced opposition leaders and preventing them from speaking in the House.
Saibaba died at due to gall bladder infection and other complications.
Retail inflation eased to a one-year low of 4.75 per cent in May as prices of some kitchen items declined marginally, according to government data released on Wednesday. The Consumer Price Index (CPI) based retail inflation was 4.83 per cent in April 2024 and 4.31 per cent in May 2023 (previous low).
The Supreme Court has sought details from the Allahabad High Court regarding controversial statements made by Justice Shekhar Kumar Yadav at a VHP function. The development comes amid calls for action against the judge for his remarks, which have been labeled as hate speech by some. The judge's statements were made at a VHP function on December 8, where he spoke about the Uniform Civil Code and the law working according to the majority. Several individuals and organizations, including lawyer Prashant Bhushan and CPI(M) leader Brinda Karat, have called for an inquiry into the judge's conduct and for his removal from judicial duties.
The Congress is fighting the elections in a pre-poll alliance with National Conference and has fielded 32 candidates, mostly in Jammu region, compared to 51 by the regional party. Additionally, the CPI(M) and the Jammu and Kashmir National Panthers Party (JKNPP) have each been allocated one seat while both the Congress and NC had a 'friendly contest' on five seats.
With all the evasions, one assertion made by the Pune (Rural) police stood out: They had found no connection of the Elgar Parishad with the violent incidents of January 1, 2018. Yet, the case against the 'Bhima Koregaon 16', which is based on exactly this alleged connection, continues, and seven of the accused continue to be behind bars under the UAPA, explains Jyoti Punwani.
Political parties have fielded sons, wives and daughters-in-law of legislators who quit after being elected to the Lok Sabha.
'The RBI's MPC will maintain the current policy rates (6.50%) at the policy meeting, given ongoing inflationary pressures.'
Among the national parties, the Congress, Aam Aadmi Party, the Bahujan Samaj Party and the Communist Party of India-Marxist opposed the proposal, while the Bharatiya Janata Party and the National People's Party supported it.
The Kerala High Court has ordered a further probe into an allegation that state Fisheries Minister Saji Cherian insulted the Constitution in a speech in July 2022. The court found that Cherian's words, including 'ideal Constitution to loot the people', and the use of certain Malayalam terms, could be interpreted as disrespectful to the Constitution. The court also criticized the initial investigation, finding it insufficient and biased, and directed the State Crime Branch to conduct the further probe.
Prashant Kishor's Jan Suraaj Party on Wednesday named former vice chief of army staff, Lieutenant General Krishna Singh, as its candidate for the bypoll to Tarari assembly seat in Bihar.
Villagers alleged that the minor, who was missing since Friday evening, was raped and murdered, and the police did not act on their complaint immediately.
The counting of votes for the bypolls to 46 assembly seats in 13 states and in the Lok Sabha segments of Nanded in Maharashtra and Wayanad in Kerala, a crucial electoral exercise since the parliamentary polls in April-May, will begin at 8 am on Saturday.
Brisk polling was seen for the Wayanad Lok Sabha and the Chelakkara assembly seats in Kerala as they witnessed a turnout of 20.54 and 19.08 per cent, respectively, after the first three hours of voting on Wednesday.
Proceedings of both Houses of Parliament were disrupted on Monday as the treasury benches accused top Congress leaders of colluding with billionaire investor George Soros to destabilise the country, triggering protests from opposition members.
Reserve Bank on Thursday retained the growth and inflation projection at 7.2 per cent and 4.5 per cent respectively for the current fiscal amid expectations of a normal monsoon. In its last bi-monthly monetary policy review in June, RBI had projected real GDP growth and retail inflation at the same.
Adani Ports was the biggest loser in the Sensex pack, declining 1.37 per cent, followed by ITC, Bharti Airtel, NTPC, Maruti, Asian Paints, Sun Pharma, Power Grid, Hindustan Unilever and Larsen & Toubro. In contrast, Bajaj Finserv, Bajaj Finance, IndusInd Bank, Tata Steel, Axis Bank and Tech Mahindra were among the gainers.
'These allegations need to be treated with utmost seriousness.'
Macroeconomic data announcements, global trends and trading activity of foreign investors would be the major driving factors for the equity markets this week, according to analysts.
None of its candidates won. Most of them lost badly.
The fallout from the Justice K Hema Committee report on harassment and abuse in the Malayalam film industry intensified on Monday as a case was filed against well-known filmmaker Ranjith, and several female actors stepped forward with disturbing accounts of the mistreatment they faced at the hands of their various male counterparts.
"I remember one incident -- I would not name anyone -- that person said 'if you are going to become prime minister, we will support you'," Gadkari said.
Bypolls will be held on Wednesday in 31 assembly seats spread across 10 states and Kerala's Wayanad Lok Sabha constituency, from where Congress general secretary Priyanka Gandhi Vadra is making her electoral debut. Though these bye-elections are not going to have any bearing on the governments, they are seen as a big test for the Congress and the INDIA bloc which failed to put up a united show in the recent Haryana assembly polls. Most of these seats fell vacant after the sitting MLAs contested the Lok Sabha elections and won while in some constituencies, the bypolls are being held due to death of the representatives. The Wayanad seat was vacated by Rahul Gandhi, who also won from the Rae Bareli parliamentary constituency which he kept. Voting will be held in seven seats in Rajasthan, six in West Bengal, five in Assam, four seats in Bihar, three in Karnataka, two seats in Madhya Pradesh, and one seat each in Chhattisgarh, Gujarat, Kerala and Meghalaya. Votes will be counted on November 23.
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