In a jolt to the Congress ahead of Himachal Pradesh polls, senior leader Anand Sharma on Sunday resigned from the chairmanship of the party's steering committee for the state, saying he was left with no choice after the 'continuing exclusion and insults'.
In a double delight, retail inflation eased to a one-year low of 5.72 per cent - staying below the upper tolerance limit for two months in a row, while factory output rose sharply to 7.2 per cent on the back of healthy growth in manufacturing. The retail inflation numbers based on Consumer Price Index (CPI) will provide some room for the Reserve Bank to further moderate the quantum of hike in key interest rate or even press a pause button. The RBI has been on a rate hiking spree since May 2022 in its bid to tame inflation, having raised the repo rate by a cumulative 225 basis points (bps).
'We have to change the Dravidian influence on the people.'
'You can still hear gunshots, and this time even children know they are not normal.'
The increase reflects a quarter-on-quarter increase of 2.6 per cent in October-December 2022-23. In absolute terms, the total liabilities, including liabilities under the 'Public Account' of the government, jumped to Rs 1,50,95,970.8 crore at the end of December 2022.
The varsity had recently proposed adding bestselling author Chetan Bhagat's debut novel "Five Point Someone" as a "General Elective" paper for students of honours courses other than English, a choice that drew sharp reactions on the social media.
The Uddhav Thackeray-led Shiv Sena (UBT) on Monday claimed Nationalist Congress Party chief Sharad Pawar has failed to create a successor who could take his party forward.
Benchmark equity indices Sensex and Nifty ticked higher for the ninth straight session on Thursday, buoyed by fag-end buying in banking, financial and realty stocks amid encouraging domestic retail inflation data. Weak trends in IT counters and fall in the overnight US equity markets triggered by fresh concerns over recession, however, put a check on market's uptrend. In a largely subdued session, the 30-share BSE Sensex went up marginally by 38.23 points or 0.06 per cent to settle at 60,431.
Dalmia Bharat Ltd on Monday announced the acquisition of the cement assets of Jaypee Group's flagship company Jaiprakash Associates Ltd and its associate firms at an enterprise value of Rs 5,666 crore. In a regulatory filing, Dalmia Bharat informed that its wholly-owned subsidiary Dalmia Cement Bharat Limited (DCBL) has entered into a "binding framework agreement for the acquisition of clinker, cement and power plants from Jaiprakash Associates Limited and its associate company." The deal includes a total cement capacity of 9.4 Million tones (MnT) per annum, along with clinker capacity of 6.7 MnT and thermal power plants of 280MW at an enterprise value of Rs 5,666 crore, it added.
'We will bring up students with an imperfect understanding of their own history and a superficial understanding of science.' 'This is not what we should be doing to future generations.'
The members of the Reserve Bank of India's (RBI's) Monetary Policy Committee (MPC) voiced different views on the interest rate and stance, with two of them indicating they may not vote for further rate increases even if Governor Shaktikanta Das and Deputy Governor Michael Patra maintain bringing down inflation as their primary objective, the minutes of the December review of the monetary policy showed. The other two members remained neutral. The MPC increased the policy repo rate by 35 basis points (bps) - which was lower than the previous three hikes of 50 bps. The repo rate has been hiked by 225 bps to 6.25 per cent since May this year.
There are clear signs that the party is re-starting its journey to relevance by going back to its core Panthic agenda, on the basis of which it was founded over a century ago, reports Sai Manish.
The RBI's Monetary Policy Committee brainstormed the impact of any future shocks on the inflation trajectory and stressed monitoring the cumulative effect of monetary policy actions over the past one year, which is still unfolding, revealed minutes of the rate-setting panel released on Thursday. The minutes of the meeting of the Monetary Policy Committee (MPC), headed by Reserve Bank Governor Shaktikanta Das, also indicated it would be premature to declare an end to the monetary tightening cycle, which started in May 2022 to check high inflation following the outbreak of the Russia-Ukraine war. The central bank, which effected six back-to-back hikes in the key short-term lending rate (repo) since May 2022 to check high inflation, decided to take a pause early this month.
Kharge said that while there are very responsible people in the party who were doing their duty, some people had assumed that lack of responsibility will be ignored.
On a mission to cool soaring bilateral tensions, United States Secretary of State Antony Blinken on Sunday held extensive talks with his Chinese counterpart Qin Gang on a range of issues, including the Taiwan issue and the Ukraine war.
The Karnataka BJP core committee had proposed only Tejaswini's name for the Lok Sabha seat, but Tejaswi Surya emerged the dark horse.
A change in the name of the Al Qaeda in the Indian Subcontinent (AQIS) magazine 'suggests a refocusing' of the terror group from Afghanistan to Kashmir, a United Nations report has said.
The Reserve Bank may go for a final 25 basis points increase in the current rate hike cycle next week and a reduction would come in only by the end of third quarter of FY24, economists at Axis Bank said on Wednesday. As per media reports, RBI officials met economists on Tuesday, and the latter have suggested the central bank to go for a 25 basis points hike in key rates. Since May 2022, the RBI has hiked rates by 250 basis points, hurting borrowers and some are already concerned about loan tenors extending beyond their working lives as a result of the hikes.
'There are occasions when the prices of individual items like food raise inflation; then supply-side measures must be taken.' 'But if there is continued inflation, it means liquidity is aggravating the situation.'
Though largely seen as an official visit, with less than a year for elections, Shah during this trip is likely to meet senior party leaders including Chief Minister Basavaraj Bommai, veteran leader B S Yediyurappa among others
The BJP's challenge is whether it can again deflate a Congress, which now looks reinvigorated and has adopted sharper messaging around its 'guarantees', and several regional parties, especially in Bihar, Maharashtra and West Bengal.
'Even though as Xi will seemingly continue to stay in power beyond his third term, competitions for the post-Xi leadership would be inevitably unfolded beneath the surface of water, and that will be a big headache for Xi the dictator.'
Fuel cess, TDS on large cash payouts bid to destroy truckers and get foreign players in, says an industry body.
'The actions of Indian monetary authorities will depend on how quickly they want the inflation to come down to 4 per cent.'
Mumbai's run machine Sarfaraz Khan was ruled out of the match because of injury.
In her three recent tweets posted on November 28, she congratulated Maharashtra's new Chief Minister Uddhav Thackeray but not the government formed by the Shiv Sena, Nationalist Congress Party and Congress.
Xi's ascent to power and the quick consolidation of his leadership of the party with a shock anti-graft campaign securing the title of the "core leader" of the party bequeathed only to Mao has indeed forced his rivals in the party to submission and caught the attention of the world.
US Congressman Ro Khanna's message is that instead of depending on the 'hidden hand' of capitalism -- that is to say, the power of markets -- it is time for policymakers to play a more active role in making sure that a wide range of towns become locations for digital economy enterprises and jobs, points out Ajit Balakrishnan.
Trinamool Congress leadership is yet to take a call on ghar wapsi (return home) by former TMC leaders who had joined the BJP ahead of the recently concluded assembly elections which the Mamata Banerjee-led party swept.
Why did the company zero in on RBL Bank to understand the business of banking? While the M&M investors heaved a sigh of relief, one gentleman must have been all smiles after this, RBL Bank MD and CEO R Subramaniakumar, notes Tamal Bandyopadhyay.
Homosexuality is illegal in Qatar
President Xi Jinping, who has been occupying the top post since 2012, was unanimously chosen as a delegate to the ruling party's 20th national congress at the CPC Guangxi regional meeting on April 22.
Ignoring the recommendation of the state unit to field Vijayendra for the June 3 biennial elections to seven seats of Karnataka Legislative Council, the party central leadership on Tuesday announced names of four candidates, hours before the deadline for filing of nominations ended.
All GST anti-profiteering complaints would be dealt with by the Competition Commission of India (CCI) from December 1 as the extended tenure of National Anti-profiteering Authority ends this month, an official said on Tuesday. A notification in this regard is expected to be issued by the finance ministry later this month, the official added. The National Anti-profiteering Authority (NAA) was set up in November 2017 under Section 171A of Goods and Services Tax (GST) law to check unfair profiteering activities by registered suppliers.
The Congress' top leadership decided to rally firmly behind the Kiran Kumar Reddy government in Andhra Pradesh as the party prepares to face the Telangana issue after an official committee submits its report on the statehood issue by this month-end.
In what is seen as the first sign of China's exasperation over Russia's Ukraine war, Chinese President Xi Jinping on Thursday raised 'questions and concerns' over the conflict in his meeting in Samarkand with Russian President Vladimir Putin who thanked Beijing for its 'balanced position' on the crisis.
The wholesale price-based inflation eased to a 29-month low of 1.34 per cent in March on easing prices of manufactured products and fuel items, even though food articles turned expensive.
The Centre had, in an affidavit filed in the apex court earlier, said it had issued a letter on April 18 to all states inviting comments and views on the "seminal issue" raised in these petitions.
The AIMTC supports the farmers as 65 per cent of the trucks are engaged in carrying farm produce.
Congress President Kharge likened Modi to a venomous snake on Thursday at a public meeting, which had triggered a row, prompting the BJP to seek an apology from Kharge. Kharge later sought to clarify his remarks were not aimed at the PM but instead at his party, the BJP.
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