Chalapathi, a top leader of the CPI(Maoist) and a key figure in the 2008 Nayagarh armoury attack in Odisha, was killed in a gunfight with security forces at the Odisha-Chhattisgarh border. He was one of 14 Maoists killed in the encounter, which lasted for two days. Chalapathi, who had been a mystery to security agencies for decades, was eventually identified through a selfie with his wife, Aruna, found in an abandoned smartphone. He was considered an expert in military tactics and guerrilla warfare and had played a significant role in expanding the Maoist network in Odisha.
The Bombay High Court has discontinued its monitoring of the investigation into the 2015 murder of communist leader and rationalist writer Govind Pansare, directing the sessions court to expedite the ongoing trial. The decision comes after a report by the Maharashtra Anti-Terrorism Squad (ATS) indicated that the investigation has been thoroughly conducted, with only the arrest of two absconding accused remaining. The court has ordered daily hearings for the trial, which has already begun and has seen 28 prosecution witnesses examined as of December 16, 2024.
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.
'Investors can consider staying invested in long duration products as there is a possibility of rate cuts in the near term.' Positive macros - lower inflation, high forex reserves and favourable demand-supply dynamics for government bonds - make a strong case for rate cuts from December, says Devang Shah, head of fixed income, Axis Mutual Fund. In an interview with Abhishek Kumar in Mumbai, Shah says this view may not hold true if commodity prices go up sharply.
'Rather than assuaging the feelings of the Hindus accommodated in schools and hospitals, she calls a meeting of imams and tries to assuage them.'
Biman Basu, the senior-most Marxist leader in the country, pays homage to a comrade he has known and admired since the 1980s.
'Many of them are mutilated beyond recognition. Every day an encounter takes place.' 'Bastar has been burnt to ash.'
Wholesale price inflation rose to 2.37 per cent in December 2024, led by spike in manufactured products even though prices of food items eased, government data released on Tuesday showed.
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.
At a time when none in Kerala's Left politics questioned the chief minister's authority, MLA P V Anvar hurled a series of accusations against Pinarayi Vijayan's government, notes Shyam G Menon.
The repo rate cut by 25 basis points by the monetary policy committee (MPC) of RBI announced Friday will give a long-awaited relief on interest rates and also be supportive of economic growth, according to experts. Repo rate is the interest rate at which the RBI lends money to commercial banks.
Retail inflation in August inched up to 3.65 per cent, though vegetables and pulses witnessed price rise in double digits, according to official data released on Thursday. The retail inflation based on the Consumer Price Index (CPI), however, remained below the Reserve Bank's median target of 4 per cent for the second month in a row. It was at a five-year low of 3.6 per cent in July.
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.
Sitaram Yechury strived to have the country's Left movement shed its doctrinaire approach to India's socio-cultural complexities and stitch electoral and social alliances to fight the Sangh Parivar.
Reserve Bank of India (RBI) Governor Sanjay Malhotra said the repo rate cut in the February meeting of the monetary policy committee (MPC) was due to inflation aligning with the target and recognising the fact that monetary policy is forward-looking.
'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.'
Earlier in the day, rich tributes were paid to Yechury at the Communist Party of India (Marxist) headquarters at the AKG Bhavan here, where his mortal remains were brought from his residence in the morning.
Bajaj Finserv, Tata Steel, Larsen & Toubro, UltraTech Cement, Kotak Mahindra Bank and Tata Motors were among the gainers. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 4,486.41 crore on Tuesday, according to exchange data.
'The TMC can't go on forever taking advantage of the people's fright of the BJP.'
The Congress was the only party in Rajya Sabha on Wednesday to demand a discussion on setting up a joint parliamentary committee (JPC) to probe allegations against the Adani group. Other opposition parties gave similar notices on different issues, including violence in Manipur and Uttar Pradesh's Sambhal. The Congress members sought a JPC to investigate the alleged misconduct, including corruption, bribery and financial irregularities of the Adani Group in connivance with other authorities. However, other opposition parties raised different issues, with the AAP seeking a discussion on "increasing crimes in Delhi" and the TMC, DMK, AAP and CPI seeking a discussion on violence in Manipur. The CPI-M, SP and IUML sought a discussion on the recent violence in Sambhal, Uttar Pradesh.
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.
Kerala Chief Minister and veteran Marxist leader Pinarayi Vijayan intensified his attack on the Congress, alleging that its general secretary, Priyanka Gandhi Vadra, is contesting the Wayanad Lok Sabha by-election with the backing of Jamaat-e-Islami.
A US military aircraft carrying 104 illegal Indian immigrants landed in Amritsar on Wednesday, the first such batch of Indians deported by the Donald Trump government as part of a crackdown against illegal immigrants.
The CPI-M leader was fluent in Hindi, Telugu, Tamil, Bangla, and also Malayalam. He was also well-versed in Hindu mythology, and often used those references in his speeches especially to attack the BJP.
"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.
Investors would track a host of macroeconomic data announcements scheduled this week, including inflation numbers, and also monitor global market trends, and trading activity of foreign institutional investors, analysts said. The ongoing quarterly earnings announcements and the rupee-dollar trend would also influence the markets.
The Reserve Bank on Wednesday retained the retail inflation projection at 4.5 per cent for fiscal 2024-25, with Governor Shaktikanta Das stressing that the central bank will have to closely monitor the price situation and keep the "inflation horse" under tight leash lest it may bolt again. Unveiling the October bi-monthly monetary policy, the Governor also said the flexible inflation targeting (FIT) framework has completed 8 years since its introduction in 2016 and is a major structural reform of the 21st century in India.
'Challenge is basically near-term growth as the outlook has turned a bit adverse.'
The risk-reward for the Indian markets, Morgan Stanley said, is turning favourable.
'If it doesn't, it will continue with measures to infuse liquidity, signalling a new cycle,' predicts Tamal Bandyopadhyay.
He was reviled by critics in his party as a neo-liberal in disguise but till the end, he retained his belief in secularism and the humanity of Communism.
It was a protest which held a mirror to the government of a state taking pride in its commitment to democracy, gender equality and social indices.One person, who in his employed days had known governments and political parties at close quarters, told me that public perception of how the Kerala government handled the ASHA workers' strike had been terrible, reports Shyam G Menon.
The Maha Vikas Aghadi of the Congress, the Nationalist Congress Party-Sharadchandra Pawar, and the Shiv Sena-Uddhav Balasaheb Thackeray on Wednesday announced to contest 85 seats each in Maharashtra assembly elections even as deliberations to seal a final seat-sharing pact are still underway.
Embroiled in a battle for survival, Left parties marginally improved their performance in the 2024 Lok Sabha elections, leading in eight to 10 seats according to vote counting trends.
An agitated Congress condemned the anti-party act of Thomas and said he will face stern action for violating the order of the high command.
From the 30-share Sensex pack, Bajaj Finance, Nestle India, Bajaj Finserv, Asian Paints, UltraTech Cement, Infosys, Maruti, Bharti Airtel and Hindustan Unilever were among the gainers. JSW Steel, Adani Ports, NTPC, State Bank of India, Reliance Industries, Tech Mahindra, Axis Bank, Titan and HDFC Bank were the laggards.
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.
Wholesale price inflation moderated to 2.31 per cent in January due to the decline in prices of food items especially vegetables, government data released on Friday showed. The Wholesale Price Index (WPI) based inflation was 2.37 per cent in December 2024. It was 0.33 per cent in January 2024.
A recent interfaith marriage of a Muslim activist of the ruling Communist Party of India-Marxist's youth wing DYFI, has stirred up a political storm after the relatives of the Christian bride alleged "love jihad", with a senior left party leader supporting the charge, only to retract his statement later.
