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.
Congress MP Priyanka Gandhi Vadra accused the BJP of a "conspiracy to save Home Minister Amit Shah's skin" following a clash in Parliament over allegations of disrespect towards B.R. Ambedkar. She alleged that BJP MPs instigated the violence and pushed opposition members, including Congress leader Mallikarjun Kharge, to prevent them from entering Parliament. Gandhi also challenged BJP MPs to say "Jai Bhim" and accused them of having "violent intentions" and insulting the legacy of Ambedkar.
Quarterly earnings of corporates, trading activity of foreign investors and inflation data are the key factors that are expected to drive the momentum in the equity markets this week, analysts said.
Chief minister-designate Omar Abdullah met Lieutenant Governor Manoj Sinha to present letters of support from coalition partners, shortly after the Congress officially extended its backing to the party.
'In Parliament, he was the one person who stood for democracy and secularism even when the principal Opposition party was not very forthright in taking on the BJP and RSS.'
Congress leader Priyanka Gandhi on Saturday cruised to her maiden electoral victory, from the Wayanad Lok Sabha seat in Kerala, with a margin of over 4.1 lakh votes against Communist Party of India-Marxist-led Left Democratic Front's Sathyan Mokeri, according to figures released by the Election Commission.
In a stunning comeback, Hemant Soren's Jharkhand Mukti Morcha-led alliance on Saturday stormed to power in Jharkhand for a second consecutive term, winning 56 seats in the 81-member assembly, despite an all-out blitz by the Bharatiya Janata Party-led National Democratic Alliance which managed only 24 seats.
Tata Steel, Bajaj Finance, Mahindra & Mahindra, JSW Steel, NTPC, Adani Ports, Bajaj Finserv and Larsen & Toubro were also among the laggards. However, Power Grid, HCL Technologies, Infosys, Tech Mahindra, Tata Consultancy Services and ICICI Bank were among the gainers.
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 Reserve Bank is unlikely to cut the benchmark interest rate in its forthcoming bi-monthly monetary policy review later in the week as retail inflation is still a cause of concern, and there is a possibility of the Middle East crisis deteriorating further, impacting crude oil and commodity prices, say experts.
Here are the number of seats won by parties in all states and Union Territories in the Lok Sabha elections.
The CPI-M leader was the chief minister of the state from 2000 to 2011.
JMM leader Hemant Soren was sworn in as the 14th chief minister of Jharkhand in a grand ceremony in Ranchi, amid the presence of a galaxy of INDIA bloc leaders. This is Soren's fourth stint as chief minister. The JMM-led alliance won a majority in the recent assembly polls, securing 56 seats in the 81-member assembly.
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).
As pressure mounted, the CPI-M-led Left Democratic Front seemed to be supporting Mukesh, taking a cautious wait-and-watch stance.
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.
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.
Apart from the emotional value attached to buying gold, the yellow metal offers protection against inflation, interest rate spikes, currency and geopolitical risks, says Anamika Pareek.
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.
BJP members, including the Leader of Opposition Sunil Sharma, opposed the resolution, saying it was not part of the listed business.
'Future market gains will likely depend primarily on earnings growth.'
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.
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.
"The opposition parties should draw proper lessons from these results and draw up plans to put up an effective united opposition to the BJP state-wise by marshalling all the forces," the CPI-M said in a statement.
Saibaba died at due to gall bladder infection and other complications.
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.
The development came just days after West Bengal Left Front chairman and CPI-M Politburo member Biman Bose in a change of stance had said the party is ready to join hands with Trinamool Congress to fight the BJP at the national level.
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.
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.
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.
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.
'Modi's image has no takers among the masses.'
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.
'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.'
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.
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.
'These allegations need to be treated with utmost seriousness.'
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.
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.
Political parties have fielded sons, wives and daughters-in-law of legislators who quit after being elected to the Lok Sabha.
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