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.
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.
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.
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.
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.
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.
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.
'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.
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.
The size of Reserve Bank's balance sheet increased by 11.08 per cent to Rs 70.47 lakh crore as on March 2024, leading to the highest-ever dividend payout to the government, according to the central bank's annual report. In actual terms, the increase was Rs 7,02,946.97 crore over Rs 63.45 lakh crore as on March 2023.
The announcement comes a day after the opposition's Mahagathbandhan (grand alliance) allotted just one seat to the Left parties in Bihar.
Stock markets would take cues from the upcoming macroeconomic data announcements and global trends besides keeping a watch on the trading activity of foreign investors, analysts said. The last batch of the ongoing earnings calendar would trigger stock-specific action, traders said. "This week, we have to deal with macroeconomic data on both the domestic and global front.
The RJD polled the highest vote share in Bihar, but it was not reflected in the number of seats it won.
The meteoric rise of Shajahan Sheikh from a modest background of a helper in a local transport company to becoming the so-called 'tiger' of Sandeshkhali is what Bollywood film scripts are made of. And so does his fall.
'It will be a ghastly mistake for the CPI-M to face the 2019 poll on its own.' 'At best, it can hope to split non-BJP votes in some pockets, but the humiliating rout will spell its doom,' warns M K Bhadrakumar.
Chowdhury termed Banerjee as an "opportunist politician" who altered her stance after realising the changing political landscape.
In financial year 2020-21, the BJP declared assets worth Rs 4,990 crore, up by 21.17 per cent to Rs 6,046.81 crore in 2021-22.
Analysts are divided on their retail price inflation forecast, with some saying the first quarter numbers will overshoot the RBI target by as much as 60 bps while others are softer in their estimate. Consumer price inflation retreated from its 15-month peak of 7.4 per cent in July to 6.8 per cent in August, much lower than the market expectations, despite vegetable prices remaining elevated at 26.1 per cent. Food inflation eased to 9.9 per cent from 11.5 per cent, led by some cooling of inflation in vegetables, cereals, pulses and milk.
The report said that his classmates and senior held a public trial inside the hostel alleging that he had misbehaved with a girl student of the college.
The vehicle, a Tavera, was on its way to Jammu from Srinagar and it fell into a 300-foot gorge at the Battery Cheshma area of the district around 1.15 am, they said.
The wholesale price index (WPI)-based inflation eased in January to 0.27 per cent, mainly due to moderation in prices of food items. WPI inflation was at 0.73 per cent in December 2023. The WPI inflation was in the negative zone from April to October and had turned positive in November at 0.39 per cent.
Retail inflation jumped to a 15-month high of 7.44 per cent in July as prices of vegetables and other food items spiked, according to official data released on Monday. The Consumer Price Index (CPI) based inflation was at 4.87 in June and 6.71 per cent in July 2022. Previously, high inflation was recorded at 7.79 per cent in April 2022.
Defence Minister Rajnath Singh on Sunday claimed that Prime Minister Narendra Modi has been receiving invitations for functions scheduled much after the Lok Sabha polls, which showed the 'entire world believes his return to power is inevitable'.
How is it that tomatoes recorded a price fall in official statistics when it remained unaffordable for the common person in June?
Asked how many seats INDIA bloc will get, Gandhi said, "Have you heard Sidhu Moose Wala's song '295'? So 295 (seats)."
The marathon polling process to elect the 18th Lok Sabha ended on Saturday with the seventh phase of elections witnessing an approximate voter turnout of 62.36 per cent, amid clashes between Trinamool Congress and Bharatiya Janata Party supporters in Sandeshkhali and some other parts of West Bengal.
Retail inflation rose to three-month high of 4.81 per cent in June, mainly on account of hardening prices of food, according to the government data. Inflation based on the Consumer Price Index (CPI) stood at 4.31 per per (revised upward from 4.25 per cent) in May and 7 per cent in June 2022. The inflation, however, remains within the RBI's comfort level of below 6 per cent.
The lack of clarity on who is next in line, when the time comes, as indeed it will one day some day, reflects poorly on the management of the world's largest political party. It scarcely need be said that a squabble between the contenders, Shah and Yogi, is exactly what the doctor ordered for the Opposition, notes Krishna Prasad.
The political heat in West Bengal has been giving the rising mercury levels serious competition since the high court order.
Both the Congress and AAP are part of the 16-party United Opposition Forum, Assam, formed to contest the general elections together, but a rift had emerged with members of the forum announcing candidates against each other in various constituencies of the state.
rivals Congress, JMM and TMC and Samajwadi Party.
Leaders of several opposition parties on Thursday hailed the Supreme Court verdict striking down the electoral bonds scheme and termed it an important step in ensuring transparency in electoral funding.
'Chandrababu is wiser and a very good administrator.' 'Jagan is the opposite. He is not very wise, not a good administrator.'
High voter turnout was recorded in most of the seven assembly constituencies in six states where by-elections were held on Tuesday.
The State Bank of India (SBI) on Tuesday evening submitted details of electoral bonds to the Election Commission of India in compliance with the Supreme Court order.
Among the bigwigs are Union ministers Amit Shah (Gandhinagar), Jyotiraditya Scindia (Guna), Mansukh Mandaviya (Porbandar), Parshottam Rupala (Rajkot), Pralhad Joshi (Dharwad) and SP Singh Baghel (Agra).
Voting for the second phase of Lok Sabha polls will be held on Friday for 88 seats in 13 states with Congress leader Rahul Gandhi seeking a second-straight term from Wayanad in Kerala.
'His way of communication is different than the first yatra.' 'Maybe his anger and frustration stems from the fact that no one is asking hard questions to the government and he is trying to do that.'
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