The Monetary Policy Committee (MPC) is expected to maintain the status quo on policy rates for the fourth consecutive time in its October 4-6 review meeting. The incremental information available since its last meeting in August suggests that growth and inflation prints for the second quarter (Q2) of financial year 2023-24 (FY24) will exceed the committee's projections. However, the Consumer Price Index (CPI)-based inflation is expected to moderate in the second half (H2) of FY24.
'The Congress wants to distort the very fabric of Indian society because they are obsessed with vote bank politics.'
If Priyanka wins the Lok Sabha bypolls, it would be for the first time that three members of the Gandhi family will be in Parliament. Her mother Sonia Gandhi is a Rajya Sabha member from Rajasthan.
Reacting to the grand old Congress party's decline to the 'pran-pratishtha' ceremony invitations of Ram Lalla in Ayodhya, Digvijaya said that the ruling party had turned the event into a BJP and VHP event.
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."
This is for the first time the EC has officially come out with a statement on allegations of delay in sharing turnout data.
A 23-year old woman, daughter of a senior Communist Party of India-Marxist leader in Thiruvananthapuram, has accused her parents of forcefully having taken away her new-born child from her soon after its birth a year ago and approached the police seeking to get the baby back.
In a data-packed week, the domestic macroeconomic figures -- industrial production and inflation numbers -- along with global trends would dictate trends in the equity market this week, analysts said. According to experts, markets may face volatile trends due to high valuations. Equity benchmark indices Sensex and Nifty hit their fresh record peaks on Thursday. Besides, trading activity of foreign investors, movement of global oil benchmark Brent crude and rupee-dollar trend would also influence trading in equities.
The Indian economy continues to sustain the momentum achieved in the first half of 2023-24 and expectations of a fresh round of capex by the corporate sector is likely to fuel the next leg of growth, the Reserve Bank Bulletin said on Tuesday. "The likelihood of the global economy exhibiting stronger than expected growth in 2024 has brightened in recent months, with risks broadly balanced," said an article on 'State of the Economy' published in the bulletin.
The Rajya Sabha MP replaced S Sudhakar Reddy.
The INDIA bloc has 95 MPs in Rajya Sabha of which 45 were suspended on Monday.
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.
Meanwhile, the Congress and RSP whole-heartedly backed the Kollam MP.
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.
The bench also rejected the oral request of Additional Solicitor General S V Raju, appearing for the Maharashtra government for early listing of the appeal and said it will come in due course.
Political pundits unanimously suggest that the state is not experiencing a discernible Gandhi wave this time around.
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.
The wholesale price index (WPI)-based inflation rose in December at 0.73 per cent mainly due to a sharp rise in food prices. The WPI inflation was in the negative zone from April to October and had turned positive in November at 0.26 per cent.
From the Sensex pack, HCL Technologies, Infosys, Wipro, Bharti Airtel, Larsen & Toubro, Mahindra & Mahindra, Tata Consultancy Services and Asian Paints were the major gainers. Axis Bank, IndusInd Bank, Bajaj Finance, JSW Steel, State Bank of India and Tata Steel were among the major laggards.
Lambasting the Bharatiya Janata Party for allegedly bringing up the issues of NRC, CAA and Uniform Civil Code ahead of the Lok Sabha elections, West Bengal Chief Minister Mamata Banerjee on Tuesday asserted she would not allow anyone to take away the citizenship of people during her lifetime.
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.
BJP candidate Rajeev Chandrasekhar's wife and son who keep themselves far from the political limelight reveal what it is like to campaign for the first time.
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.
Other prominent candidates among the 904 in the fray are Union minister Anurag Thakur, West Bengal Chief Minister Mamata Banerjee's nephew Abhishek Banerjee, RJD supremo Lalu Prasad's daughter Misa Bharti.
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.
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 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.
'The CPI-M indulges in senseless talk. Be it the solar scam or the National Games scam, did the CPI-M prove anything?'
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.
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.
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.
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 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.
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.
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 69-year-old leader had a fall inside her Kalighat home in south Kolkata after she returned after attending a programme, her family said.
'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 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.
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.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances