Retail inflation fell to an 11-month low of 5.88 per cent in November, mainly due to softening prices of food items, official data showed on Monday. This is the first time in 11 months that the retail inflation print has come within RBI's tolerance band of 4 (+/- 2) per cent. The consumer price index (CPI) based retail inflation was 6.77 per cent in October 2022, and 4.91 per cent in November last year.
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.
Activist Anand Teltumbde, an accused in the Elgar Parishad-Maoist links case, on Thursday moved a discharge application before the special NIA court in Mumbai, claiming that the probe agency has not produced any material to show that he is a member of CPI-Maoist or his alleged role in the case.
There is a significant amount of dispersion in the growth rates across different industries.
Given the politics behind it all, one possibility is for binding the governor to act according to the decisions of the state government and clarifying his position vis a vis bills and resolutions passed by the state assembly -- or, re-enacted if returned, points out N Sathiya Moorthy.
Home Ministry officials have suggested that slapping of the serious charge of sedition against Kumar could be an act of "over enthusiasm" on the part of some Delhi Police officers.
Polling will take place in 3,328 polling booths, out of which 1,100 are sensitive and 28 are categorised as critical.
801 cases have been registered in connection with violent protests which were witnessed during the dawn-to-dusk hartal called by pro-Hindu outfits on Thursday, police said, adding that 717 people are now in preventive custody.
Elevated food price-led inflation could become a sore point for markets, which they seem to be ignoring at current levels, observe analysts. Retail inflation in India - as measured by the Consumer Price Index (CPI) - came in at a three-month high of 6.52 per cent in January 2023, compared with 5.72 per cent in December and 5.88 per cent in November 2022. The inflation print for February, according to Madan Sabnavis, chief economist at Bank of Baroda, will be critical for the Reserve Bank of India's monetary policy committee.
On one hand, South Indian states have been complaining about denial of a proportionate portion of the sharable funds from the Centre, based on population. On the other hand, they stand to lose Lok Sabha and Rajya Sabha seats that again are based on population, points out N Sathiya Moorthy.
The incident happened around 4.30 pm in Uttar Pabiacherra in Kumarghat during the 'Ulta Rath Yatra' or return car festival organised by ISKCON, they said. During this festival, the sibling deities -- Lord Balabhadra, Devi Subhdara and Lord Jagannath -- return to their abode in a chariot, a week after Rath Yatra.
'The situation in India is much more grave and serious than all of us think.' 'That's why it's important to defeat the BJP in 2024.'
Several police officers who followed the Election Commission's orders during the recent West Bengal assembly polls get punishment transfers. Payal Mohanka reports.
Retail inflation softened to 6.71 per cent in July due to moderation in food prices but remained above the Reserve Bank's comfort level of 6 per cent for the seventh consecutive month. With retail inflation continuing to remain high despite a fall in prices of vegetables and edible oils, among other commodities in July, the Reserve Bank of India (RBI) might go for another rate hike in September. The Consumer Price Index (CPI) based retail inflation was at 7.01 per cent in June and 5.59 per cent in July 2021. It was above 7 per cent from April to June this fiscal.
The economic growth may have slowed to 3.5 per cent in fourth quarter of 2021-22 from 5.4 per cent in the previous three-month period due to the impact of higher commodity prices on margins, decline in wheat yields and on higher base, Icra Ratings said on Monday. The agency said the hiccups in the recovery of the contact-intensive services attributable to the third wave of Covid-19 in the country may have also affected the economic growth in the quarter. Even the gross value added (GVA) at basic prices (at constant 2011-12 prices) in Q4 FY2022 seems to have eased to 2.7 per cent from 4.7 per cent in Q3 FY2022, it said.
'The problem is with those who are entrusted with powers.'
A bench of Justices Aniruddha Bose and Sudhanshu Dhulia said the actual involvement of Gonsalves and Ferreira in any terrorist act has not surfaced from any third-party communications.
Taking the Bharatiya Janata Party and its Prime Ministerial candidate Narendra Modi head on, the Communist Party of India-Marxist on Monday said their claims about riot-free Gujarat and development there were "big lies" based on "complete untruth".
Improved credit profile may make you eligible to transfer your existing home loan to another lender at a much lower rate.
The TMC also said that the Congress is not the "big boss" of the opposition.
'I was wondering whether I would ever come out alive.'
Bihar Chief Minister Nitish Kumar on Tuesday said he was neither a claimant for the prime minister's post nor desirous of it, his assertion coming amid speculation that his visit to the capital is to claim leadership of the opposition parties.
The Indian equity market is likely to remain under pressure and rangebound over the next few months. This comes as global central banks, led by the US Federal Reserve look at a possibility of hiking rates aggressively to tame inflation. Back home, the Reserve Bank of India, too, remains data dependent in its endeavour to keep inflation in check and pursue an aggressive monetary policy stance.
Nitish Kumar, once seen as a potential rival to Prime Minister Narendra Modi, broke ranks with the Bharatiya Janata Party-led National Democratic Alliance coalition on Tuesday to stake claim as head of the rival 'Mahagathbandhan' (Grand Alliance) to be the chief minister of Bihar for the eighth time.
Retail inflation fell to a five-month low of 4.35 per cent in September from 7.27 per cent in the year-ago period as prices of vegetables and other items declined, according to government data released on Tuesday. The moderation in Consumer Price Index-based inflation is in line with the assessment of Reserve Bank Governor Shaktikanta Das who recently projected substantial softening of retail inflation. The CPI inflation was at 5.3 per cent in August and at 7.27 per cent in September 2020.
Retail inflation eased to 4.06 per cent in January, mainly on account of a decline in vegetable prices, as per government data released on Friday. The inflation based on Consumer Price Index (CPI) was 4.59 per cent in December 2020.
'Kanhaiya is eager to play a more active political role as a young leader of a major mainstream party.'
Two days before the end of the fourth phase of the nationwide lockdown, West Bengal Chief Minister Mamata Banerjee on Friday announced a slew of relaxations, including reopening of shrines from June 1.
Leaders of several opposition parties were stopped by the police at Vijay Chowk in New Delhi as they took out a protest march from Parliament House to hand over a complaint to the Enforcement Directorate on the Adani issue.
The northeastern state is set to witness a triangular fight this time, with the BJP-IPFT coalition seeking to retain supremacy, the Left-Congress combine looking to wrest power, and regional outfit Tipra Motha making its debut at the hustings after its stunning performance in the autonomous council polls.
Any decision to include "non-locals" in electoral rolls in Jammu and Kashmir is unacceptable and would be contested by all means, including in court, Nation Conference president Farooq Abdullah said on Monday after a meeting of nine parties over the issue.
If a 15 seconds-long mic problem merits a case being registered, then the police risk an avalanche of complaints of similar and greater gravity, seeking their intervention, notes Shyam G Menon.
If Kerala wants to sustain its room for independent thinking and talk back to Delhi when needed, it should put its finances in order. Or - if one takes the North East example - Kerala's political posturing may end up commensurate with its financial dependence on others, suggests Shyam G Menon.
At least 19 people including Tripura Pradesh Congress Committee chief Birajit Sinha were injured in a clash between Congress and Bharatiya Janata Party supporters in front of Congress Bhavan in Agartala on Sunday.
Retail inflation rose marginally to 4.91 per cent in November, mainly due to an uptick in food prices, government data showed on Monday. The Consumer Price Index (CPI) based retail inflation was 4.48 per cent in October 2021 and 6.93 per cent in November 2020. As per the data released by the National Statistical Office (NSO), food inflation was at 1.87 per cent in November this year compared to 0.85 per cent in the preceding month.
Congress leader Rahul Gandhi, who set off a national debate when he walked the Bharat Jodo Yatra in a T-shirt in north India's cold winter, donned a pheran to ward off Kashmir's bone-freezing chill on Monday.
In twin blows to Indian economic revival, higher food prices drove retail inflation to a five-month high of 7.4 per cent while factory output fell for the first time in 18 months. The second consecutive month of rise in consumer price index (CPI)-based inflation will add to the pressure on the Reserve Bank of India (RBI) to again raise interest rates to tame high prices. Inflation has been above the targeted zone for the ninth month in a row and as per statute, the RBI will now have to explain to the government in writing why it failed to keep prices below 6 per cent.
Bihar Chief Minister Nitish Kumar on Saturday hinted that a meeting of opposition leaders may take place in Patna after the crucial Karnataka assembly polls were over as many would be busy electioneering there.
The retail inflation rate breached the 6 per cent upper tolerance limit of the RBI for the first time in seven months in January, while the wholesale price index stayed in double-digits for the 10th month in a row, showed two sets of data released by the government on Monday. Retail inflation, the key input for the RBI while reviewing the repo rate every two months, soared during the month mainly because of a spike in certain food items. The previous high for retail inflation was 6.26 per cent in June 2021.
After taking over on Tuesday night, Rao overhauled the team probing allegations of corruption against Asthana, bringing in completely new faces, officials said.
