Communist Party of India-Marxist on Thursday trashed Bharatiya Janata Party's economic blueprint as 'semantic verbiage' akin to 'fascist demagoguery.
Bharatiya Janata Party workers on Sunday staged a demonstration outside the Communist Party of India-Marxist headquarters in New Delhi
'Whoever is questioning the government on the Adani issue is being harassed'
Reserve Bank of India (RBI) Governor Shaktikanta Das had stumped the market in the previous two policies - in August and in October - first with action and then with words. In August, it was the introduction of an incremental cash reserve ratio (I-CRR) to take out excess liquidity, which took the markets by surprise. In October, there was no action. Rather, what is known as "open mouth operation", Das' comment that the central bank might conduct open market operations (OMOs) by selling bonds tempered the euphoria in the bond markets after JP Morgan's inclusion of India in its Emerging Market Bond Index.
A careful reading of the national income accounts suggests that after a strong recovery from the pandemic, there has been a significant ebbing of dynamism over the last three quarters to more modest levels recently, note Arvind Subramanian and Josh Felman.
Macroeconomic data announcements, global factors and trading activity of foreign investors would be the key triggers for the domestic stock markets this week, analysts said. Last week, the benchmark indices joined the broader market's party despite a host of negative global cues. In the broader market, the BSE midcap and smallcap gauges hit their all-time highs on Friday.
Chowdhury said he has directed Congress workers to extend all cooperation to the CPI-M in fighting the July 8 polls.
'One Sandeshkhali won't turn around women's perception of Mamata Banerjee in this state'
In a major victory for Tatas, an arbitral tribunal has awarded Tata Motors a compensation of over Rs 766 crore for the losses incurred because of protests by Trinamool Congress that stalled its small car project at Singur in West Bengal. The tribunal asked the West Bengal government to pay Tata Motors the compensation, along with interest, according to a stock exchange filing by the Mumbai-based auto major on Monday. The company stated that the arbitral tribunal has asked the West Bengal Industrial Development Corp (WBIDC) to pay the company Rs 766 crore compensation, in connection with losses incurred on its manufacturing site in Singur.
Singh defeated Bharatiya Janata Party's Dara Singh Chauhan in the bypoll to the Ghosi Assembly constituency in Mau district with a margin of 42,759 votes on Friday.
'The BJP is racing against its opponents by putting a chain on their legs.'
The National Investigation Agency (NIA) on Monday arrested a top Maoist leader as it carried out raids at 62 locations across Andhra Pradesh and Telangana in the Communist Party of India-Maoist conspiracy case, an official said.
Scenes from the Opposition leaders' dinner meeting, in Bengaluru on Monday, July 17, 2023.
The Reserve Bank of India on Thursday marginally lowered its inflation projection for the current financial year to 5.1 per cent, as Governor Shaktikanta Das said the central bank's monetary policy actions are yielding the desired results. In April, the Reserve Bank had estimated the consumer price index (CPI) based retail inflation at 5.2 per cent during the fiscal 2023-24. CPI inflation fell sharply to 4.7 per cent in April 2023, from 6.4 per cent in February, on the back of favourable base effects, with softening observed across all the three major groups.
The other prominent gainers were Tech Mahindra, HCL Technologies, Wipro, State Bank of India and Larsen & Toubro. Bajaj Finserv, Power Grid, UltraTech Cement and HDFC Bank were among the laggards.
The Congress and the Left parties have not only extended support to the Samajwadi Party candidate but are also campaigning for him, in accordance with the spirit of the new opposition togetherness ahead of next year's general election.
The development is being seen as a blow to the opposition Congress which was planning to forge a grand alliance in Chhattisgrah to unseat the ruling BJP.
Kerala's election discourse operates surreptitiously. Its explicit face focuses on important national and local issues. At the same time, it seeks to secure apt communal equations to ensure votes, notes Shyam G Menon.
He also said there are leaders who stand firm in their ideology but their number is gradually declining.
Industrial production (IIP) grew to a three-year high of 6.4 per cent in August, up from 4.1 per cent in July.
Top leaders of 26 opposition parties were arriving in Bengaluru on Monday for a two-day brainstorming session with a call for unity and are expected to chalk out their joint programme aimed at defeating the Bharatiya Janata Party in the 2024 Lok Sabha elections.
The BJP leads with 23 percent of its 90 Rajya Sabha members having declared criminal cases against themselves.
The announcement was made after AICC general secretary Ajoy Kumar held a meeting with CPI-M state secretary Jitendra Choudhury on Friday evening.
India spends significantly less on defence than could be expected from a country that faces simultaneous armed threats from two hostile neighbours -- China and Pakistan.
The government expects onion prices to fall below Rs 40 per kilogram by January from the current average price of Rs 57.02 per kilogram, Consumer Affairs secretary Rohit Kumar Singh said on Monday. Last week, the government banned onion exports till March next year after the retail sales price of the kitchen staple crossed Rs 80 per kg in the national capital and the prices in mandis remained around Rs 60 per kg. To a query on when the onion prices are expected to fall below Rs 40 per kg, Singh said, "very soon... January"
The ruling Communist Party of India-Marxist on Monday took a veiled dig at the Congress by asking it to safeguard its newly elected Karnataka MLAs from being poached by the Bharatiya Janata Party as was allegedly done by the saffron party in Goa amidst the Bharat Jodo Yatra.
Abu Khayer Miah, who had contested, on a Tipra Motha ticket, from the Boxanagar assembly constituency in the last elections held in February and conceded defeat, has been suspended, a party leader said.
The Congress had released 'Farmers Declaration', 'SC, ST Declaration' and 'Youth Declaration', comprising its promises to the Telangana voters in the assembly polls scheduled to be held in a couple of months.
Asked how many seats the Congress would fight on, Singh said they would be flexible in seat sharing.
Left parties were on Thursday divided on the Presidential election with the Communist Party of India-Marxist and Forward Bloc deciding to support United Progressive Alliance candidate Pranab Mukherjee while the Communist Party of India and Revolutionary Socialist Party opting to abstain from the voting.
According to the sources, the meeting will be held at 10 am on Thursday in the chamber of Rajya Sabha LoP.
Cricketer Yusuf Pathan will contest from the Baharampur Lok Sabha seat, whereas Kirti Aazd will fight from the Bardhaman-Durgapur constituency.
In a strategic move, the BJP has welcomed prominent Christian figures like Anil K Antony, son of Congress stalwart AK Antony, and seasoned Kerala politician PC George, into its fold.
The results for bypolls to seven assembly seats in six states will be declared on Friday in what is being seen as a major test for the opposition's Indian National Developmental Inclusive Alliance against the Bharatiya Janata Party-led National Democratic Alliance ahead of the polls in five states later this year and Lok Sabha elections in 2024.
The seven seats -- Bageshwar in Uttarakhand, Ghosi in Uttar Pradesh, Puthuppally in Kerala, Dhupguri in West Bengal, Dumri in Jharkhand, and Boxanagar and Dhanpur in Tripura -- went to poll on September 5.
Indian economy is gathering momentum in the second quarter, though inflation would continue to average above the central bank's comfort zone of 6 per cent, said an article in the RBI's monthly bulletin released on Thursday. The consumer price index (CPI) based retail inflation shot up significantly to 7.44 per cent in July, from 4.87 per cent in the preceding month, mainly due to soaring prices of tomato, vegetables and other food items. In his address to the nation on the Independence Day, Prime Minister Narendra Modi vowed to take more steps to contain price rise.
'Revision of the base year for both CPI and GDP are long overdue.' 'The basic data that went into the 2011-2012 series were mainly from surveys done in 2011 or earlier.' 'We have since seen the emergence of new sectors like platform-based work and online marketing.' 'The employment surveys and the consumption surveys need to reflect these adequately.'
Stock markets will be largely driven by global trends and macroeconomic data announcements in a holiday-shortened week which may see volatility amid monthly derivatives expiry, say analysts. Equity markets will remain closed on Monday for Gurunanak Jayanti. Trading activity of foreign investors and the movement of the rupee against the dollar will also be tracked by investors.
The Communist Party of India-Marxist on Friday said the Indian Union Muslim League (IUML) is "not a communal party" and praised the key partner of the opposition United Democratic Front for not agreeing with the Congress on the issue of the alleged move by Governor Arif Mohammed Khan, who according to the ruling front, was trying to "saffronise" the universities in Kerala.
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