Seeking to downplay Communist Party of India's threat to pull out of the Left Democratic Front in Kerala over seat sharing for the Lok Sabha polls, the Communist Party of India-Marxist on Friday said the ally could not take such a stand so long it is part of a "national political line."
The Rajya Sabha MP replaced S Sudhakar Reddy.
Since the formation of the CPI-M, following a split in the Communist Party of India in 1964, the party never drew a blank in the state in Lok Sabha elections.
The Reserve Bank of India on Friday decided to keep the policy rate unchanged for fourth time in a row as it maintains a tight vigil on inflation. The rate increase cycle was paused in April after six consecutive rate hikes aggregating to 250 basis points since May 2022. Announcing the bi-monthly monetary policy on Friday, RBI Governor Shaktikanta Das said the Monetary Policy Committee (MPC) unanimously decided to keep the repo rate unchanged at 6.5 per cent.
The Congress 'Bharat Jodo Nyay Yatra', led by Rahul Gandhi, is scheduled to enter West Bengal from Assam on Thursday, amid political ripples within the Indian National Developmental Inclusive Alliance (INDIA) in the state.
The JD-U Rajya Sabha MP said Nitish Kumar has built his image such that makes him the best fit for being the convenor of the opposition grouping.
As the MPC is mandated to target CPI inflation rate at 4 plus minus 2 per cent, any measurement error in CPI is likely to have grave consequences for monetary policy.
Announcing candidates for the remaining four seats in Kerala, the Bharatiya Janata Party has fielded its state chief K Surendran in the high-profile Wayanad constituency against Congress leader Rahul Gandhi.
The Reserve Bank on Friday retained the inflation forecast for 2023-24 at 5.4 per cent, and vowed to take timely measures to prevent any spillovers of global food and fuel price shocks. Stressing that the Reserve Bank has identified high inflation as a major risk to macroeconomic stability and sustainable growth, Governor Shaktikanta Das said the September retail inflation number may be lower than August and July prints. The headline inflation based on Consumer Price Index (CPI) moderated to 4.6 per cent in first quarter of 2023-24 as compared to 7.3 per cent in the same period a year ago.
Voting for by-elections to seven assembly constituencies of six states, including Uttar Pradesh, Uttarakhand, Kerala, Tripura, West Bengal, and Jharkhand, started on Tuesday at 7 am.
Nitish Kumar's Janata Dal-United on Sunday exuded confidence that its national president, who was sworn in as Bihar CM for a record ninth time after forming a new government with the Bharatiya Janata Party, will win Monday's trust vote.
The size of Reserve Bank's balance sheet increased by 11.08 per cent to Rs 70.47 lakh crore as on March 2024, leading to the highest-ever dividend payout to the government, according to the central bank's annual report. In actual terms, the increase was Rs 7,02,946.97 crore over Rs 63.45 lakh crore as on March 2023.
A higher-than-expected consumer price inflation (CPI) print for March in the US has dashed hopes of an interest rate cut by the US Federal Reserve (US Fed) in June. Analysts now expect the US central bank to start cutting rates in September, provided inflation remains in check and oil prices remain supportive. The markets, analysts believe, partially factored in this possibility.
The Yatra comes a day after the Congress was left high and dry with former ally Nitish Kumar, the Bihar chief minister, making a return to the BJP-led NDA.
The 69-year-old leader had a fall inside her Kalighat home in south Kolkata after she returned after attending a programme, her family said.
Chakraborty, an ardent trade unionist and a former Rajya Sabha member, was admitted to the hospital after he tested positive for COVID-19 on July 30.
'There will be no compromise with someone who has betrayed the party at this stage even if she is my sister,' Congress MP K Muraleedharan told reporters.
The RJD polled the highest vote share in Bihar, but it was not reflected in the number of seats it won.
Justice Gangopadhyay, known for his swift directives, occasionally mandating compliance within hours, has garnered appreciation from diverse segments of society, particularly aspiring candidates for school jobs.
Citing the sharp rise in food prices, economists at a foreign bank have forecast a steeply higher retail inflation print for July, pegging it at 6.7 per cent, up 190 basis points from the previous month. Deutsche Bank India economists led by chief economist Kaushik Das, in a report on Monday ahead of the monthly inflation print and the Reserve Bank's monetary policy review, said that the July consumer price-based inflation index (CPI) is likely to print at 6.7 per cent on-year as against 4.8 per cent in June. The Reserve Bank is widely believed to leave the key interest rates unchanged for the fourth time in its upcoming bi-monthly monetary policy decision on August 10.
Chowdhury termed Banerjee as an "opportunist politician" who altered her stance after realising the changing political landscape.
Retail inflation declined to 6.83 per cent in August after touching a 15-month high of 7.44 per cent in July, mainly due to softening prices of vegetables, but still remains above the Reserve Bank's comfort zone. The overall inflation in the food basket stood at 9.94 per cent in August as against 11.51 per cent in July, according to data released by the National Statistical Office (NSO) on Tuesday. Retail inflation based on the Consumer Price Index (CPI) was at 7 per cent in August 2022.
The bypoll on September 5 is also a litmus test for all three political outfits, with the BJP hoping to check its erosion in its vote share and retain the seat, the TMC aiming to wrest the tribal-dominated assembly segment and the CPI(M)-Congress alliance hoping to regain its traditional seat.
Stock markets would take cues from the upcoming macroeconomic data announcements and global trends besides keeping a watch on the trading activity of foreign investors, analysts said. The last batch of the ongoing earnings calendar would trigger stock-specific action, traders said. "This week, we have to deal with macroeconomic data on both the domestic and global front.
The meteoric rise of Shajahan Sheikh from a modest background of a helper in a local transport company to becoming the so-called 'tiger' of Sandeshkhali is what Bollywood film scripts are made of. And so does his fall.
The vehicle, a Tavera, was on its way to Jammu from Srinagar and it fell into a 300-foot gorge at the Battery Cheshma area of the district around 1.15 am, they said.
Asked how many seats INDIA bloc will get, Gandhi said, "Have you heard Sidhu Moose Wala's song '295'? So 295 (seats)."
The report said that his classmates and senior held a public trial inside the hostel alleging that he had misbehaved with a girl student of the college.
The marathon polling process to elect the 18th Lok Sabha ended on Saturday with the seventh phase of elections witnessing an approximate voter turnout of 62.36 per cent, amid clashes between Trinamool Congress and Bharatiya Janata Party supporters in Sandeshkhali and some other parts of West Bengal.
While they are trying to unite different parties to form a non-Bharatiya Janata Party, non-Congress alliance at the Centre, the Communist Party of India - Marxist and the Communist Party of India on Monday intensified their tussle over the Ponnani Lok Sabha constituency in northern Kerala's Mallapuram district.After the CPI announced its intention two days earlier to field its own candidate from that seat, the CPI-M's Central Committee today put its foot down.
Defence Minister Rajnath Singh on Sunday claimed that Prime Minister Narendra Modi has been receiving invitations for functions scheduled much after the Lok Sabha polls, which showed the 'entire world believes his return to power is inevitable'.
The wholesale price index (WPI)-based inflation eased in January to 0.27 per cent, mainly due to moderation in prices of food items. WPI inflation was at 0.73 per cent in December 2023. The WPI inflation was in the negative zone from April to October and had turned positive in November at 0.39 per cent.
'The CPI-M indulges in senseless talk. Be it the solar scam or the National Games scam, did the CPI-M prove anything?'
The lack of clarity on who is next in line, when the time comes, as indeed it will one day some day, reflects poorly on the management of the world's largest political party. It scarcely need be said that a squabble between the contenders, Shah and Yogi, is exactly what the doctor ordered for the Opposition, notes Krishna Prasad.
He is likely to have the support of grand alliance partners Rashtriya Janata Dal, Congress, Nationalist Congress Party and Jitan Ram Manjhi's Hindustani Awami Morcha.
Analysts are divided on their retail price inflation forecast, with some saying the first quarter numbers will overshoot the RBI target by as much as 60 bps while others are softer in their estimate. Consumer price inflation retreated from its 15-month peak of 7.4 per cent in July to 6.8 per cent in August, much lower than the market expectations, despite vegetable prices remaining elevated at 26.1 per cent. Food inflation eased to 9.9 per cent from 11.5 per cent, led by some cooling of inflation in vegetables, cereals, pulses and milk.
In financial year 2020-21, the BJP declared assets worth Rs 4,990 crore, up by 21.17 per cent to Rs 6,046.81 crore in 2021-22.
The political heat in West Bengal has been giving the rising mercury levels serious competition since the high court order.
'Chandrababu is wiser and a very good administrator.' 'Jagan is the opposite. He is not very wise, not a good administrator.'
Both the Congress and AAP are part of the 16-party United Opposition Forum, Assam, formed to contest the general elections together, but a rift had emerged with members of the forum announcing candidates against each other in various constituencies of the state.
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