Closely watched by the world for any escalation, the Iran-Israel conflict is already showing early signs of stress for India Inc - longer deliveries, doubling freight rates, extended working capital cycles, and higher costs. For those yet to feel the heat, there is growing apprehension and nervousness over future developments, observed industry executives.
Congress leader Rahul Gandhi on Wednesday dubbed the electoral bonds as the 'world's biggest extortion scheme' and alleged that Prime Minister Narendra Modi is the 'champion of corruption'.
'... dividing society not just on religious lines, but also creating rift in families and among brothers and sisters.'
RBI Governor Shaktikanta Das on Thursday said the central bank does not "emulate" others when it comes to regulations and asserted that the bank's as well as his own opposition to cryptocurrencies remain unchanged, a day after US regulators allowed bitcoin Exchange Traded Funds (ETFs). He also said that emerging markets and the world cannot afford to have a "crypto mania". "What is good for another market need not be good for us.
The Left parties, supporting the UPA from outside, have already decided to corner the Congress-led coalition on the issue of inflation at a time when opposition parties including BJP and SP have stepped up their attack. Samajwadi Party has plans to bring an adjournment motion on spiralling prices of essential commodities on the first day itself in the Lok Sabha for the phase II of Budget session. BJP too has threatened an adjournment motion.
The Rajya Sabha later passed the vote on account and supplementary demands for grants by voice vote enabling the government to meet necessary expenditure pending passage of the Budget by Parliament. With the Upper House approving the vote on account, Parliament on Monday completed the first stage of budgetary exercise for 2008-09. The vote on account was approved by Lok Sabha last week.
"The aam aadmi is groaning under unprecedented price rise. It is no achhe din (good times) for them. It is achhe din only for the prime minister," Gandhi said during his two-day visit to Amethi.
Bharatiya Janata Party leader Sushma Swaraj on Tuesday said that the onion price rise issue was a case of "divine justice" as it would lead to the "downfall" of the Congress government which had used an earlier jump in the prices of the vegetable to oust the saffron party from power in Delhi.
Metal prices from copper to aluminum and tin have shot up by about 7-32 per cent in the past three months.
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"
Seen by political watchers as the favourite to retain power for a third straight term, the Bharatiya Janata Party has set itself an ambitious target of winning 370 Lok Sabha seats, a goal aimed as much at projecting its strength as at diminishing the opposition in popular imagination.
Seat sharing and campaign is likely to be top of the agenda, they added.
If investing in Bitcoin, adopt a three to five-year horizon and invest systematically to gain from its volatility.
Vegetable vendors and wholesalers have blamed rains for disruption in tomato supply, leading to the price of the kitchen staple skyrocketing in retail markets of the national capital. Local vendors are selling tomatoes in the price range of Rs 80 to Rs 120 per kg, depending on the quality and the localities. Anil Malhotra, a member of the Azadpur Agricultural Produce Marketing Committee (APMC), said tomato prices shoot up every monsoon but it was never this high.
The government has banned exports of onion till March next year with a view to increase domestic availability and to keep prices in check. "Export policy of onions... is amended from free to prohibited till March 31, 2024," the Directorate General of Foreign Trade (DGFT) said in a notification. Local vendors in the national capital are selling onions at Rs 70-Rs 80 per kg.
According to officials, the shift to the new Parliament building will coincide with Ganesh Chaturthi, considered auspicious to make new beginnings.
Here are the 10 key issues likely to be the centre of discussion in the seven-phase general elections that begin on April 19.
'Your decisions should not be driven by your view on the market, but by your objectives, risk appetite, and time horizon.'
Protests by members over Joint Parliamentary Committee report on spectrum scam, price rise, Telangana and the death of children in Muzaffarnagar relief camps disrupted Parliament on Monday leading to repeated adjournments.
While tenants can't escape the impact of rising rentals entirely, they can adopt a few strategies to reduce the impact.
It is in power on its own only in three states -- Karnataka, Himachal Pradesh and Telangana -- with a big question mark on whether it can even stake claim to be head of the INDIA bloc.
While people voted in a fifth round that will set the tone as this election rounds into the straight, and while Modi on the stump chews the cud of personal grievances and hackneyed promises that have long since passed their use-by date, there is a rogue wave rising -- what damage it will do, we will know 16 days from today, observes Prem Panicker.
Wholesale price-based inflation rose to an eight-month high of 0.26 per cent in November, driven by a sharp jump in food prices, especially onion and vegetables. The WPI inflation was in the negative or deflationary zone for the past seven months since April and was at (-)0.52 per cent in October. The last positive WPI inflation was recorded in March at 1.41 per cent.
For the consumer, there would be practically no impact on prices of essential medicines this year.
Hardening prices of manufactured items during the month may refrain the Reserve Bank of India from cutting rates in its policy review on February 8.
Indications are that the DMK combine will win more seats than the AIADMK and BJP, but is facing a tough fight in about half a dozen from the rest, predicts N Sathiya Moorthy of the electoral contest in Tamil Nadu.
He also charged Prime Minister Narendra Modi with being silent on price rise, unemployment and corruption in the state during his series of public meetings while campaigning for the elections taking place today.
Snapping its declining trend, retail inflation rose to a three-month high of 5.55 per cent in November on firming food prices, including vegetables and cereals, though it remains within the RBI's comfort zone of less than 6 per cent. Inflation based on the Consumer Price Index (CPI) was 4.87 per cent in October and 5.88 per cent in November 2022, the government data released on Tuesday showed. The previous high was 6.83 per cent in August and inflation had been on a decline since then.
Finance Minister Nirmala Sitharaman is likely to step up efforts to boost consumption and rural economy while keeping inflation under check when she presents her sixth straight Budget on February 1. Experts said one way to boost consumption is to put more money in the hands of people, and one of the possible ways of doing it is by reducing the tax burden through tinkering with tax slabs or increasing the standard deduction. Another proposal is related to increasing the funds under the rural employment guarantee scheme MGNREGA and higher payout for farmers.
'The 4th meeting of the leaders of INDIA parties will be held on Tuesday December 19th, 2023 in New Delhi at 3 pm,' Congress general secretary Jairam Ramesh said in a post on X on Sunday.
As Ae Watan Mere Watan and Swatantra Veer Savarkar release this week, Utkarsh Mishra takes us down history and reminds us about India's freedom struggle.
The issues listed by Gandhi include Centre-state relations, rise in cases of communal tension, border transgressions by China and the demand for a joint parliamentary committee (JPC) to investigate the transactions of the Adani business group in light of several revelations.
Both the precious metals, gold and silver, on Monday rebounded in the national capital on emergence of buying at existing lower levels amid a firm trend in the Asian region.
Home Minister Amit Shah on Friday linked Congress leaders' protest in black clothes over the issues of price rise and unemployment to the party's "appeasement" politics to convey its opposition to the Ram temple foundation laying by Prime Minister Narendra Modi on this day in 2020.
Congress leader Rahul Gandhi on Tuesday said he does not get 'intimidated' and fights for truth even if the world stands against it, remarks that come amid repeated confrontations between his party and the Himanta Biswa Sarma-led Bharatiya Janata Party government in Assam during the 'Bharat Jodo Nyay Yatra'.
The opposition leaders are expected to meet at Leader of Opposition in Rajya Sabha Mallikarjun Kharge's office in the Parliament complex around 10 am, sources said.
'How come the BJP won even in the Muslim belt? I am 100% sure that the BJP would not win in the Muslim belt.'
Bond markets, global as well as domestic, are likely headed towards hard times over the next three to six months, as higher vegetable prices, rising fuel costs, and improved wages may keep inflation hot, believe analysts, who expect the yields to hit 7.5 per cent in the near-term from the current 7.234 per cent. In this backdrop, they suggest investors can put in money in funds/instruments with residual maturity of 4 to 6 years, while longer-term investors can allocate cautiously to the longer end in the range beyond 7 years.
Watch all the action from both Houses of Parliament.
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