Gold prices rose further by Rs 210 to Rs 27,210 per ten gram in New Delhi on Wednesday on increased buying by jewellers and retailers to meet upcoming festive and wedding season demand amid a firming global trend.
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.
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The ongoing Hamas-Israel conflict has disrupted India's efforts to gain from a recent fall in crude oil prices. Since Hamas' invasion of southern Israel on October 7, petroleum has become costlier by around $5 per barrel, threatening to stoke prices and impact growth. Brent crude was trading at $89.8 per barrel on October 9 (9.15 pm IST), up over 4 per cent, thwarting India's anticipation of a period of declining oil prices - after the leading global petroleum benchmark declined by around 11 per cent last week.
With suspension of business notices given by several members of the Opposition, the third day of monsoon session is also set to be stormy.
The wholesale price-based inflation eased to a 29-month low of 1.34 per cent in March on easing prices of manufactured products and fuel items, even though food articles turned expensive.
Gold prices spurted on the bullion market on Wednesday on the emergence of buying by stockists triggered by a rising trend in international markets and closed with notable gains.
'We try to connect people, but they disconnect people.'
Prices rose further on the bullion market in Mumbai on Tuesday as silver hardened smartly on heavy stockists' demand and gold closed higher in line with firm overseas advises.
The former Union minister claimed the prime minister was batting for UCC to divert people's attention from issues of unemployment, price rise and hate crimes.
8 out of 10 households are planning to cut their tomato consumption if prices stay in the Rs 75-150 kg range over the next three months.
Weighed down by anti-incumbency, the BJP heavily banked on Prime Minister Narendra Modi's personal appeal to enable it to sail through in the assembly elections but it was not to be.
Property prices in Mumbai and Delhi NCR, among India's top realty markets, marginally rose in the third quarter of 2013 mainly due to lack of new launches and cautious sentiment in the sector, a survey said.
On Day 2, many leader have given suspension of business notices over price rise and Agnipath scheme.
Sarma, while responding to reporters' questions on high price of veggies in Guwahati, had said, "Vegetables are not priced so high in villages. Here the Miya vendors charge us more. Had it been Assamese vendors selling vegetables, they wouldn't have fleeced their own people."
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In mid-May, the European Commission released 2009 data showing carbon emission in the region had fallen 11 per cent over last year, to 1.873 billion tonnes.
Industrial metals (ferrous and non-ferrous) suffered great volatility once the Ukraine War began in February 2022. First, there was a sharp price rise due to fears of supply disruption, followed by weak global demand. China's weakness and rolling lockdowns have hit production and demand.
The demand was made by the Nationalist Congress Party, the Trinamool Congress and the Dravida Munnetra Kazhagam.
By creating mayhem, Hamas aims to force the Arab States to give up their plans of reconciliation with Israel, explains Colonel Anil A Athale.
The fact that Gehlot has stayed relevant these five years with his populist schemes is one reason why he may beat incumbency in a state that votes for change every election, observes Ramesh Menon.
The wholesale prices of food items surged by 15 per cent during the week ended on September 26 against the same period last year, the government's inflation data shows.
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.
SP chief Mulayam Singh Yadav joined the protest in the Lok Sabha and, along with Left leaders, demanded suspension of the Question Hour to take up a discussion on the issue. The House was adjourned for about 20 minutes and later parliamentary affairs minister P K Bansal said a structured discussion on the price situation would take place on Wednesday.
Twenty suspended Rajya Sabha members on Wednesday started a 50-hour relay protest inside the Parliament complex, with sources saying the Opposition declined the chairman's offer that they express regret over their members' behaviour in the House to get the suspension revoked.
Benchmark 10-year bond yields hit a 13-month peak as bond traders priced in more aggressive monetary easing next year.
IDFC First Bank delivered good results in the first quarter of this financial year (Q1FY24), but some analysts are concerned the bank is fully-valued. So, there has been profit-booking after a price rise. Growth went side-by-side with a focus on cutting interest costs and exposure to high non-performing infrastructure loans. The mortgage book is 28 per cent, of which 24 per cent is home loans and loans against property.
Opposition MPs continued their 50-hour day-night sit-in protest on Friday morning in front of the Mahatma Gandhi statue inside Parliament premises to mark their strong protest against their suspension and the central government which they claimed was not ready to hold discussion over key issues like price rise and increased GST rates.
He said it was a tale from a great country, where a child was born into an impoverished household in a small village and it was predicted by an astrologer that he will go on to become a king.
State information and public relations minister Dr RK Ranjan said combing operations have been launched in all districts, particularly in vulnerable areas.
Adhir Ranjan Chowdhury accused the ruling dispensation of resorting to diversionary tactics.
Barack Obama's re-election as the President of the United States has proved favourable for commodities markets amid hope that the recently announced third round of quantitative easing (QE3) for brining liquidity into the financial system would continue in future as well.
The bill seeks to reserve one-third of all seats for women in the Lok Sabha and the state legislative assemblies.
Unprecedented rains and floods in the northern region in the past few days have not only caused extensive damage to lives and property but have also impacted business and commercial establishments. Vegetable prices have gone through the roof in the national capital and many other parts of the country since rains started pouring earlier this month. Traders say vegetable prices would come down only after roads open and skies clear, even as water in the fields will take time to recede.
Though the government was ready for a discussion on the issue, the Bharatiya Janata Party, the Left and the United National Progressive Alliance members paralysed proceedings in the two Houses giving vent to their anger on inflation which has touched a three year high of 7.41 per cent. It was trouble from the word go in the Lok Sabha on the issue, while in the Rajya Sabha protests erupted after the new members were sworn in.
Gandhi also said the idea of 'One Nation, One Election' was aimed at distracting from real issues of the people.
She called on the people of the state to ensure this election is not about Modi or any other leader, irrespective of their party.
Notwithstanding the fact that the country's pharmaceutical (pharma) pricing regulator has allowed a 12 per cent price increase for medicines listed under the National List of Essential Medicines (NLEM) in 2023, analysts and industry insiders predict that the overall domestic pharma industry will only witness a price hike of 5-6 per cent. This is attributed to higher competitive intensity in the market. Krishnakumar V, executive director and chief operating officer (CEO) of Eris Lifesciences, a domestic-focused pharma company, noted that the NLEM segment experienced growth suppression of around 150 basis points due to price reductions during the January to July period this year.
Several BJP leaders in the past have raised a demand for changing the name of the country from "India" to "Bharat".
Silver also recorded a significant rise of Rs 960 to Rs 39,250 per kg on increased offtake by industrial units and coin makers.
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