'The biggest near-term risk to Indian equities is the outflow of investments to China as tactical trades by foreign investors.'
Senior Nationalist Congress Party leader Praful Patel on Monday came out in strong defence of Union agriculture minister Sharad Pawar facing criticism for price rise and said all decisions on the issue were taken collectively.
The price hikes during Covid were more because of supply chain and logistics disruptions caused by the pandemic and the Ukraine war rather than firms increasing prices because of higher pricing power, a report by State Bank of India (SBI) said. "It is thus incorrect to infer that concentration power dictated pricing capacity of firms, thus resulting in unyielding core inflation," the report authored by Soumya Kanti Ghosh, group chief economic adviser, SBI, said. A recent research article by former Reserve Bank of India (RBI) deputy governor Viral Acharya had observed that persistence of core inflation in India is due to purchasing power of top-five corporate houses.
The Biden administration's failure in stopping two major wars and several minor ones was seen as a major disaster by many Americans and the world at large, observes Ambassador T P Sreenivasan.
The cost of open cells has seen an average increase of between 3 and 20%, and is higher for larger screen TVs in July, according to manufacturers of televisions
In an informal discussion with rediff.com late on Thursday evening, Kolkata-based economist Abhirup Sarkar discussed this burning issue.
For those looking for more affordable options, purchasing an under-construction property could be a smart move, as these generally cost less than ready-to-move-in properties.
Bharatiya Janata Party on Monday warned the Centre that if it failed to contain price rise in the next three months, it would launch a nation-wide agitation.
Drug sale volumes are almost stuck at pre-pandemic levels but price growth has improved value, data from market research agency Pharmarack AWACS showed. The Indian pharmaceutical market's (IPM) volumes in April 2023 grew by 0.21 per cent when compared to April 2019. Key therapy areas like cardiac, anti-diabetic and vitamins recorded negative volume or consumption growth, while respiratory, anti-infectives, and pain and analgesics had positive growth from April 2019 to April this year.
While SGBs are a sound investment, they aren't worth buying at any price. The interest income you earn from them will not justify paying a high premium.
'Some buyers believe prices may correct in the future.' 'This is unlikely. Many developers are increasing prices amid strong sales and inflationary trends.'
As milk prices rise, analysts have an optimistic view on dairy stocks such as Heritage Foods and Dodla Dairy, hoping the companies' margins will grow in the near to medium term. From a long-term perspective, they believe that a growing population, increasing disposable income and health consciousness will strengthen dairy consumption in India.
The Congress Working Committee meeting witnessed Union Agriculture Minister Sharad Pawar being targetted by senior Congress leaders on the issue of spiraling price rise. The three leaders who attacked Sharad Pawar but did not name him were former maharashtra chief minister Vilasrao Deshmukh, All India Congress Committee general secretaries R K Dhawan and Satyavrat Chaturvedi.
Noting that elections will be held in four states, she urged party leaders to sustain the momentum and goodwill that had been generated for the party in the Lok Sabha elections.
India has put curbs on wheat exports through the government route, starting November last year. This comes amid a surge in domestic prices of the cereal. In December, India exported 391 tonnes of wheat to Bangladesh and Bhutan. In November 2022, it had exported 375 tonnes of wheat only to Bhutan.
The government on Friday scrapped a minimum price threshold that it had set previously for exports of onion as it looked to pass on the benefit of international glut to Indian farmers. The government had previously fixed a $550 per tonne as the minimum export price (MEP), which essentially meant farmers could not sell their produce overseas at lower than this rate.
The Opposition members said that despite adequate availability of essential commodities, inflation was still high and government has failed to check the price line. Initiating a debate in the Lok Sabha on rise in prices of essential commodities, Rajiv Ranjan Singh Lalan (Janata Dal-United) said 85 crore (850 million) people in India were below the poverty line and despite this the government was not interested in checking inflation.
The soaring prices of metals like lithium, nickel and cobalt, which are the primary constituents of the cell, as well as supply chain bottlenecks, are also pushing up the cost of batteries
'Developers are into profit-making. And there's not too much money in the affordable segment.' 'So, they don't do affordable housing.'
The activist Birinchi Bora drove into the venue of the street play dramatically in a motorcycle with another actor dressed as Goddess Parvati for their play on Saturday which had several Hindutva outfits up in arms demanding their arrest.
The issue of price rise rocked the Parliament for the fourth day on Friday with an angry Opposition seeking to censure the government in both the Houses.The deadlock remained unresolved as an united Opposition remained adamant on a discussion on price rise under rules which entail voting, despite Lok Sabha Speaker Meira Kumar rejecting notices of adjournment motion on the issue.Virtually no business was transacted during the entire week.
The issue of price rise stalled proceedings in both Houses of Parliament for the third consecutive day on Thursday with the opposition demanding discussion under a rule that entails voting.
Retail inflation declined to a five-year low of 3.54 per cent in July mainly on account of subdued prices of food items, and base effect, according to official data released on Monday. The Consumer Price Index (CPI) based retail inflation was 5.08 per cent in June 2024 and 7.44 per cent in July 2023.
All guns blazing, Modi on Saturday mounted a scathing attack on the Congress over corruption, and asserted it will become "Punjab, Puducherry, Parivar" Congress after its defeat in the Karnataka assembly polls.
'One of the big findings is that younger men seem to have shifted towards the Republican Party.' 'In 2020, about 23% of younger men said they would vote Trump.' 'Now that number is 48%.' 'It is like a 25 point shift, and you don't actually see shifts that big in surveys.'
The government has convened an all-party meeting on July 21 ahead of the Monsoon Session of Parliament which will start next Monday, the Parliamentary Affairs Ministry said.
The former Congress chief accused Modi of 'diverting public attention' through various means.
International oil prices continue to be extremely volatile, falling on one day and rising thereafter, a top oil ministry official said explaining the reason behind no reduction in petrol and diesel prices despite softening in input cost, but could not say if the rates will be cut before Maharashtra elections. Global oil benchmark Brent crude futures fell below $70 per barrel last week -- the first time since December 2021 -- but gained thereafter. Brent was trading at $74.58 per barrel on Thursday while West Texas Intermediate advanced to trade at $71.71.
Token rollback will only help middlemen, complain large producers.
Ahead of her party MPs' meeting with Prime Minister Manmohan Singh in Delhi on Tuesday over fuel price hike, Trinamool Congress chief Mamata Banerjee on Monday said her party would not compromise on the price rise issue.
Leaders of the Indian National Developmental Inclusive Alliance (INDIA) have decided to raise the NEET issue in both houses of Parliament on Friday and members will give notices in this regard, sources have said.
Exogenous shocks like rising global fuel prices and bad weather can start feeding into the general price level, if food prices rise sufficiently for labour to demand higher wages.
'Primary buyers are commercial taxi and fleet operators and small businessmen.' 'CNG prices have been remarkably stable unlike petrol.'
Cost-conscious fans for whom budgets are tight but Euro 2024 is unmissable are parking for free in German forests, lugging crates of supermarket beer to drink outside the fan zones
The CPI-M leader was fluent in Hindi, Telugu, Tamil, Bangla, and also Malayalam. He was also well-versed in Hindu mythology, and often used those references in his speeches especially to attack the BJP.
The government on Thursday permitted traders to export 54,760 tonnes of onion to Bangladesh, Mauritius, Bahrain and Bhutan till March 31. "We have allowed export of 50,000 tonnes of onion to Bangladesh, 1,200 tonnes to Mauritius, 3,000 tonnes of Bahrain and 560 tonnes to Bhutan with immediate effect," consumer affairs secretary Rohit Kumar Singh told PTI.
Is this price-rise artificial? What do you think is causing it? Hoarding by unscrupulous traders? Too many middlemen? Tell us.\n
Proceedings in both the houses of the Parliament were disrupted on Wednesday with the entire opposition creating uproar over price rise, while the Telugu Desam Party members protested against the creation of Telangana state.
offers his take on the constantly zooming fuel prices in the country.
The Bharatiya Janata Party on Monday termed Union Agriculture Minister Sharad Pawar's recent statement that sugar prices will be high for the next three years, as 'irresponsible.'
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