India's industrial production growth slowed to 3.8 per cent in January, while the February retail inflation at 5.09 per cent remained within the Reserve Bank's comfort zone for the sixth straight month, according to the latest government data. Growth in factory output, based on the Index of Industrial Production (IIP), slowed to 3.8 per cent in January 2024, mainly due to poor performance of manufacturing, mining and power sectors, according to the data released by the Ministry of Statistics & Programme Implementation.
With the deregulation of petrol prices, the future looks grim for the Indian consumers.
The Congress on Wednesday questioned the Election Commission's move to get a post on electoral bonds scheme deleted from social media platform X and said that the issue raised in the post makes the government 'extremely uncomfortable'.
There is no use of the BJP targeting the likes of Mamata Banerjee and M K Stalin, directly by the party's political bosses, both in Delhi and the respective state capitals, or even using the Raj Bhavans to fire those salvos from. Successive elections have proved that it's counter-productive, if anything. But the BJP is yet to understand it, acknowledge it, points out N Sathiya Moorthy.
The meeting was earlier planned to discuss price rise and formulate an action plan to combat it. But as Union agriculture, food and civil supplies minister Sharad Pawar is in Maharashtra and Railway Minister Mamata Banerjee is camping in Kolkata, the meeting has been rescheduled for October 19.
Under attack for his recent observations on price rise, Union Agriculture Minister Sharad Pawar wondered as to how his ministry could be linked with the issue.
The government has been stringent with pricing changes. Prices of 651 essential medicines came down from April 1, 2023 by 6.73 per cent with the government capping ceiling prices of these drugs.
Though a range of essential items still continue to be expensive, the rate of price rise has been falling for some time now.
The RJD polled the highest vote share in Bihar, but it was not reflected in the number of seats it won.
Since the last nine years, gold investors have made money each year, while gains in silver have been consistent only in the last five years.
Clad in a yellow kurta with a saffron gamcha around his neck, atop an open saffron coloured vehicle, he was greeted by loud chants of "Modi! Modi! Modi Zindabad! 400 Paar Is Baar" all along the roadshow's route.
Speaking to reporters after a Cabinet meeting, Chief Minister Oommen Chandy said the Civil Supplies Corporation and Horticulture Corporation would get Rs 65 crore (Rs 650 million) and Rs 15 crore (Rs 150 million) respectively, while the balance amount would go to the Consumer Federation and other state agencies.
While Amul recently expressed its intentions to raise pouched milk prices by five-seven per cent, or about Rs 2 per litre, other leading producers like Mother Dairy, Paras and Hatsun seem to be in favour of keeping prices unchanged.
The next time you wonder about how the Congress party can get away with arrogance, just look at the BJP.
'Modigate is snowballing into a huge thing with the electorate. The BJP is in for huge punishment by the electorate.'
The Communist Party of India on Friday said the Left will move an adjournment motion in the Winter Session of Parliament on the price rise issue as it accused the United Progressive Alliance government of not being able to control double-digit inflation and demanded deregulation of fuel prices.
Procurement will be done through domestic purchases as well as imports.
'The policy focus of the government should have been on creating more good quality jobs but that was not their focus.'
The TDP leader said the Congress-led government in Andhra Pradesh has failed on all fronts. He flayed the government for rampant corruption in the state saying that all the welfare schemes initiated by it were aimed to facilitate Congress workers only. Naidu said that Congress and Telangana Rashtra Samithi, which had fought the 2004 elections together, betrayed the people of Telangana after coming to power.
The Reserve Bank of India on Thursday said that the economy had enough resilience to absorb rise in global oil prices and said it is keeping a close watch on inflation.
Worried about the adverse impact that price rise could cause to Congress' prospects in Lok Sabha polls, Rahul Gandhi unveiled quick fix policy prescriptions for 12 party-ruled states including reform in PDS and giving farmers a wider choice to sell vegetables and fruits.
In a scathing attack on Prime Minister Narendra Modi, Congress president Mallikarjun Kharge on Thursday said when the elections are over, people will only remember him as the PM who indulged in 'divisive and communal speeches filled with lies' to avoid an inevitable defeat.
The Communist Party of India-Marxist took 'extremely strong objection' to the remark of the Prime Minister's Office that parties should eschew temptation of politicising the misery of the people and said the statement on price rise was 'very insulting'. CPM said that as a political party, it is its responsibility to raise the issue of the plight of the people.
As many as 80-85 per cent Paytm wallet users will not face any disruption because of regulatory actions, and the remaining users have been advised to link their apps to other banks, RBI Governor Shaktikanta Das said on Wednesday. The Reserve Bank of India on January 31 barred Paytm Payments Bank Ltd (PPBL) from accepting deposits, credit transactions, or top-ups in any customer accounts.
Retail inflation rose at the fastest pace in four months in December 2023 at 5.69 per cent, on account of an increase in prices of vegetables, pulses, and spices, according to government data released on Friday. The annual inflation based on Consumer Price Index (CPI) was at 5.55 per cent in November and 5.72 per cent in the year-ago month. As per the data released by the National Statistical Office (NSO), the rate of price rise in the food basket, which constitutes nearly half of the CPI, increased to 9.53 per cent in December 2023, as against 8.7 per cent in the preceding month, and 4.19 per cent in December 2022.
Maharashtra minister Dada Bhuse said the decision to impose export duty should have been taken with proper coordination.
It will be in Modi's interest to reinvent his party, read the writing on the wall that voters wrote, and move ahead. He has little choice now. The country is watching, asserts Ramesh Menon.
Is the increase in the rise of prices of essential goods of daily use affecting your monthly budget? What steps are you taking to soften the blow?
Air travel will now become a little expensive as the government has decided to increase the lower limit on airfares by five per cent amid rising aviation turbine fuel (ATF) prices, Civil Aviation Minister Hardeep Singh Puri on Friday. The upper limit on airfares will remain as it is for now. Just a month back, the Centre had increased the lower and upper limits on domestic airfares by 10-30 per cent due to rising ATF prices. While announcing resumption of scheduled domestic flights in May last year, the aviation ministry had placed limits on airfares through seven bands classified on the basis of flight duration.
Genset manufacturer Cummins India has seen its share price rise by 45 per cent in the past three months. The management has reaffirmed that growth would be in double digits over the coming two fiscal years. Growth is expected to be driven by a pickup in domestic infrastructure spending.
With rising petrol and diesel prices driving up demand for its CNG vehicles, the country's largest carmaker Maruti Suzuki India plans to widen its CNG portfolio by offering the fuel option in four more models 'very shortly', according to a senior company official. The company, which plans to launch an electric vehicle (EV) in the Indian market by 2025, is also currently keeping a close watch on the country's EV ecosystem "to find out what is the best way of evolution" to be able to offer affordable EVs with hassle free charging infrastructure in order to clock high volumes for a sustainable business.
Farmers remained hesitant in sowing vegetable seeds in drought-hit areas.
Prime Minister Narendra Modi on Monday expressed confidence that the NDA will get more than 400 seats and the BJP will win at least 370 seats in the Lok Sabha elections.
A 'White Paper' versus 'Black Paper' battle erupted on Thursday as the Centre and the Congress unveiled documents and crossed swords over the handling of the Indian economy during the nearly 10 years of the BJP-led NDA rule and the previous 10-year tenure of the Congress-led UPA government.
Attacking the government over the issue of price rise, the Bharatiya Janata Party said on Wednesday if the United Progressive Alliance dispensation was sincere in addressing the "burning issue" they should agree on a discussion in Parliament under a provision that entails voting.
'We can't sit back clutching our memories of the riots. The country, the future of our children are more important.' Jyoti Punwani reports on an unusual election meeting in Mumbai.
'This might prove to be a temporary gain for the BJP, but at a huge cost to the people of Gujarat and democracy in India.'
The price of export quality lady's finger, for example, shot up 150 per cent in two weeks to close on Thursday at Rs 40 a kg against Rs 16 a kg on September 16 in the Agricultural Produce Marketing Committee, Vashi, near Mumbai.
Asked about the BJP's claim that its performance in southern states will be exemplary, Tharoor said, "The claim of an 'exemplary' performance is yet another product of the BJP's propaganda mill."
The government has suddenly agreed to allow a discussion under Rule 193 on price rise after the Left leaders raised the issue claiming that the matter was urgent and could not wait. So the government was quick to respond and now according to the schedule, the price rise discussion would take place first followed by the discussion on 'issues arising out of the prime minister's foreign visits'.
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