Soaring vegetable prices pushed the retail inflation rate to a nine-month high of 5.49 pr cent in September, according to government data released on Monday. The consumer price index (CPI)-based retail inflation rate was 3.65 per cent in August and 5.02 per in September 2023. The previous high inflation rate was witnessed in December 2023 at 5.69 per cent.
Mikyle Louis and Alick Athanaze narrowly missed out on maiden centuries as the West Indies fought back from 25 for 2 to post 250 for 5 on Day 1 of the first Test against Bangladesh at Sir Vivian Richards Stadium, North Sound, Antigua, on Friday.
Fast bowler Jayden Seales produced a record-breaking spell to put West Indies in command on Day 2 of the second Test against Bangladesh.
'A murder has occurred in the room, but there were no signs of struggle.' 'RG Kar says the body was discovered at 9:30 am. But the media was informed at 8:30 am.' 'We realised that crucial evidence was being destroyed.' 'She had several bite marks on her neck, but no swab was collected.' 'My daughter had 28 injuries on her body. But there was no DNA of the assailant under her nails.' 'Are you saying she did not try to defend herself?'
An explosive century from Sherfane Rutherford and a fifty from ever-consistent skipper Shai Hope were the highlights as West Indies cruised to a five-wicket win over Bangladesh
Dr Nagesh Kumar, one of the three new MPC members, wanted the MPC to reduce the repo rate by 25 basis points to 6.25%.
At least 27 mortar shells of the 1971 Indo-Pak war period were found in West Tripura district on Thursday, police said.
Fast bowler Nahid Rana claimed his maiden five-wicket haul as Bangladesh staged a great fightback to take control, on Day 3, of the second Test against West Indies.
Reserve Bank Governor Shaktikanta Das on Wednesday ruled out upside risks to the 5.3 per cent inflation forecast for the current fiscal, saying the recent cut in excise duty on diesel and petrol as well as better management of supply-side issues on the food front have contained inflationary expectations. These measures are significantly positive for inflation management, he said. After months of calls for reducing taxes on fuels, the government, last week, cut the excise duty on diesel and petrol by Rs 10 and Rs 5 per litre, respectively.
Concerned over household savings moving towards alternative investment avenues, RBI Governor Shaktikanta Das on Thursday asked banks to mobilise deposits through innovative products and services by leveraging their vast branch network. "Banks are taking greater recourse to short-term non-retail deposits and other instruments of liability to meet the incremental credit demand. "This, as I emphasised elsewhere, may potentially expose the banking system to structural liquidity issues," he said.
While India are on top of the World Test Championship (WTC) table, the Bangladesh skipper believed that it will all boil down to how they perform during those five days and result can come even in the last session.
The recent depreciation of the rupee along with sharp fall in the country's foreign exchange (FX) reserves has sparked a debate whether stability of the exchange rate is necessary and desirable. The rupee was one of the least volatile currencies among peers for almost two years before the current downward pressure started in September after the US Federal Reserve lowered interest rate.
The 24-year-old Hima was last year provisionally suspended by the National Anti-Doping Agency (NADA) for three whereabout failures in a span of 12 months. She was, however, cleared by the Anti-Doping Disciplinary Panel (ADDP) following a hearing in March.
Prospects of a bumper kharif harvest are expected to lower food inflation in the coming months, making the country's inflation outlook benign, the Union Ministry of Finance (FinMin) said in its monthly economic report for October released on Monday.
In a video, Chandrachud and his wife Kalpana Das were seen welcoming Modi at their house.
India all-rounder Hardik Pandya will not be available for the league stage matches of the Vijay Hazare Trophy because of personal reasons, but he will join Baroda if they progress to the knockouts.
Deputy Governor Michael Patra warned about the spillover effects of food inflation.
Alzarri Joseph had Bangladesh reeling, but the tourists avoided the follow-on and trail the West Indies by 181 runs with one wicket left at stumps on Day 3 of the first Test at Sir Vivian Richards Stadium, North Sound, Antigua, on Sunday.
Reserve Bank Governor Shaktikanta Das on Thursday said about 50 per cent of Rs 2,000 notes in circulation has come back in the banking system since the RBI announced withdrawal of the highest denomination currency last month. As on March 31, 2023, he said, Rs 2,000 notes worth Rs 3.62 lakh crore were in circulation. "So far, Rs 1.80 lakh crore have come back after the announcement," he said during an interaction with media after releasing the bi-monthly monetary policy here.
Even as the high inflation figure for October has ruled out any possibility of a rate cut by the Reserve Bank of India's (RBI's) monetary policy committee (MPC) in December, a rate cut in February also looks uncertain due to global uncertainties. Economists told Business Standard that unless domestic growth slows markedly, the outlook on rate cut remains unclear. India's headline inflation touched a 14-month high of 6.2 per cent in October, breaching the MPC's upper tolerance band of 6 per cent.
Das saw off a tough challenge from Chinese Taipei's Deng Yu-Cheng earlier in the day.
From the 30-share pack, Adani Port, Bharti Airtel, Asian Paints, IndusInd Bank, Bajaj Finserv, Reliance Industries, Infosys, UltraTech Cement, HDFC Bank, HCL Technologies and ICICI Bank were among the laggards. Tata Motors, Axis Bank, Maruti, Larsen & Toubro, ITC and Tata Steel were among the gainers.
The deceased, identified as Birendra Kumar Das, was serving as ADM (revenue) in Gajapati district.
'Inflation is not good for industry. Nor for the economy as a whole.'
The West Indies are well-placed to win the first Test against Bangladesh. They needed only three wickets to complete the formalities at the end of the fourth day at Sir Vivian Richards Stadium, North Sound, Antigua.
The Reserve Bank is unlikely to ease the benchmark policy rate during 2024 given the uncertainty over food inflation, State Bank of India (SBI) chairman C S Setty has said. The US Federal Reserve's first cut in interest rates in more than four years is expected soon, triggering central banks in other economies to follow suit. "On the rate front, a lot of central banks are taking independent calls.
The Reserve Bank of India on Friday retained its projection for retail inflation at 4.5 per cent for the current fiscal assuming a normal monsoon, while emphasising that uncertainties related to food price outlook warrant a close monitoring. Consumer Price Index (CPI)-based retail inflation has been projected at 4.5 per cent with quarter-wise projections at 4.9 per cent in Q1 (April-June), 3.8 per cent in Q2, 4.6 per cent in Q3, and 4.5 per cent in Q4.
Nearly 13.04 per cent voter turnout was recorded till 9 am on Wednesday in 43 assembly constituencies in Jharkhand where voting is underway in the first phase, officials said.
India and China have agreed to take measures to further ease the situation at the borders while continuing to implement the October agreement to resolve the standoff in eastern Ladakh comprehensively. The two sides held the 32nd meeting of the Working Mechanism for Consultation & Coordination on China-India Border Affairs (WMCC) in New Delhi, agreeing to maintain communication through diplomatic and military channels and safeguard sustainable peace and stability in the border areas. This meeting follows the October 21 agreement between the two countries to resolve the over four-year-long military standoff in eastern Ladakh.
'I don't believe there is an international conspiracy to swamp tribals in India or in Jharkhand.'
The Prime Minister sought the athletes' support to raise awareness about the need for social distancing and personal hygiene at a time when the total number of COVID-19 positive cases in India has crossed 2,000. Hima Das expressed sadness at incidents of attacks on police personnel and doctors trying to discharge their duties during the country-wide lockdown to combat the COVID-19 pandemic.
While Rohit Sharma, K L Rahul, Yashasvi Jaiswal and Mohammed Siraj were all recognised for their exceptional fielding efforts, it was Jaiswal and Siraj who were awarded the coveted 'Impact Fielders of the Series' medals.
Manav Thakkar pulled off a nail-biting victory against the experienced Achanta Sharath Kamal as U Mumba TT defeated Chennai Lions 8-7 in an exciting clash of the Ultimate Table Tennis 2024.
Glimpses of the At Home reception hosted by President Droupadi Murmu on Independence Day at Rashtrapati Bhavan.
He said the impact of the second wave of COVID-19 has waned by August,and economic growth will be better from the second quarter onward on a sequential basis. Speaking at an event organised by The Indian Express and Financial Times, Das said the RBI has decided to give more emphasis on growth because of the pandemic and operate in the 2-6 per cent inflation band set by the government for it. The central bank will seek to gradually move towards achieving the 4 per cent target over a period of time, he said, adding that the possibility of a sustained increase in inflation is unlikely.
He said the transformation brought about by the fintech sector in India is not just limited to technology, but its social impact is far-reaching. He also stressed that fintech has dented the parallel economy and is bridging the gap between villages and cities on the financial services front. The prime minister also said that in the last 10 years, the fintech space has attracted investments of more than $31 billion and fintech startups have grown by 500 per cent.
A chorus of 'Amra Korbo Joy' echoed through the Bangladesh dressing room as the players celebrated their triumph.
The BCCI secretary Jay Shah has assured the Bangladesh Cricket Board (BCB) of adequate security measures being taken during their three week stay in the country.
India's foreign exchange reserves have jumped to an all-time high of $651.5 billion as of May 31, Reserve Bank Governor Shaktikanta Das said on Friday. This means the overall kitty has increased by $4.83 billion since the last reported number of $646.673 billion on May 24 this year.
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