The wholesale price-based inflation eased for the second consecutive month in January at 12.96 per cent, even though food prices hardened, the government said on Monday. WPI inflation has remained in double digits for the tenth consecutive month beginning April 2021. Inflation in December 2021 was 13.56 per cent, while in January 2021, it was 2.51 per cent.
After dipping by as much as 17 per cent in April, readymade garment (RMG) exports of all textile categories in India are showing signs of recovery in May. Exporters in Tiruppur are indicating a rise in rupee terms during the month, while it may take at least a month for volumes to be back in positive terrain. Among the global majors that are placing orders in the textile hub include Walmart, H&M (Hennes & Mauritz AB), Tommy Hilfiger and Target.
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Modi held a massive roadshow from Someshwar Bhavan RBI Ground in Bengaluru South to Malleshwaram's Sankey Tank.
Petrol price on Sunday was hiked by 50 paise a litre and diesel by 55 paise, taking the total increase in rates since resumption of daily price revision less than a week back to Rs 3.70-3.75 per litre. Petrol in Delhi will now cost Rs 99.11 per litre as against Rs 98.61 previously while diesel rates have gone up from Rs 89.87 per litre to Rs 90.42, according to a price notification of state fuel retailers. Rates have been increased across the country and vary from state to state depending upon the incidence of local taxation.
Also says PSU banks divestment to be considered after improvement in governance
Rising prices have hit export of Basmati rice this year
The Congress released a booklet 'Nau saal, Nau sawaal', asking nine questions from Modi. The BJP rejected the Congress' criticism as a 'bundle of lies and mountain of deception' and said the questions are born out of 'pathological hatred' of the PM.
TMC's Dola Sen and Mausam Noor were there at the site till midnight.
Sources said former Congress chief Sonia Gandhi will write to Prime Minister Narendra Modi for early passage of the bill in the Lok Sabha during the upcoming session as the same has already been passed by the Rajya Sabha.
Soon after coming out of the ED office in Kolkata, Banerjee said the interrogation was an effort to prevent him from participating in the INDIA meet and a testimony to the vital role TMC is playing in forging the opposition unity.
The Uttar Pradesh Congress Committee is keen to field senior leader Priyanka Gandhi Vadra from Varanasi and will soon send a proposal in this regard to the top leadership, said newly appointed party's state president Ajay Rai on Sunday.
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With inflation closing in on the 5 per cent mark, Finance Minister P Chidambaram on Friday said the government was trying to keep the price line below that level in the current fiscal.
Retail inflation fell to an 11-month low of 5.88 per cent in November, mainly due to softening prices of food items, official data showed on Monday. This is the first time in 11 months that the retail inflation print has come within RBI's tolerance band of 4 (+/- 2) per cent. The consumer price index (CPI) based retail inflation was 6.77 per cent in October 2022, and 4.91 per cent in November last year.
The government said it was doing whatever possible to reduce prices.
The government will require poll panel's nod if it decides not to effect a price increase.
An overwhelmingly urban constituency, Jamnagar North may be seen as more favourable to the BJP than the Congress even though the opposition party's supporters believe their party can spring a surprise.
The off-spot prices were Rs 3.50 a kg two weeks before, with farmers planning to dump on the road instead of selling in mandis.
Among agriculture commodities, cash crops like cotton and castor are now emerging as asset classes.
In a first, the Centre will start selling tomatoes at discounted rates in retail markets in the national capital and few other cities from Friday to provide relief to the consumers as the price of the kitchen staple is ruling high at over Rs 200 per kilogram in some parts of the country.
The alliance adopted a resolution to this effect and said its theme for the elections will be "Judega Bharat, Jeetega India, (India will unite, India will win)".
Maruti Suzuki India Ltd is not contemplating any price raise, despite a 20-30 per cent surge in raw material prices in recent months.
The rising prices characterising the steel industry have been primarily due to hike in input costs besides increase in demand, a study has found out.
The task of Union Finance Minister Arun Jaitley to keep inflation under check, even when the country reeled under severe drought for two years in a row, and reduce the current account deficit, was made easier by low crude oil prices.
The government on Monday said there is sufficient wheat stock in the country and that it will take action against hoarders, if needed, to boost domestic supply. The Centre may consider steps like asking for disclosure of wheat stocks by traders and imposing stock limits to augment domestic availability. Addressing the 82nd AGM of Roller Flour Millers Federation of India, food secretary Sudhanshu Pandey said there is no problem of wheat in the country and the Centre has 24 million tonne of wheat in godowns of state-owned FCI. The secretary pointed out that wheat prices have gone up due to "speculative trading".
The people of Amethi want to rectify their 'mistake' of 2019 and Congress workers as well as leaders are demanding that Rahul Gandhi contest from the constituency in the 2024 Lok Sabha polls, the party's Uttar Pradesh chief Ajay Rai said.
She claimed that the Centre has not released funds for the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) project for the state and other initiatives of its housing and road departments.
Noting that oil prices had gone down after the BJP-led government came to power in May 2014, before they went up, Prasad said it is a problem whose solution is not in its hands.
While the progress of the monsoon has brightened the prospects of foodgrain production, the fall in sown area is a matter of concern, Agriculture Minister Sharad Pawar tells Sanjay Jog.
Leader of Opposition Mallikarjun Kharge sought to raise the issue of inflation and price rise and demanded a discussion on it. The deputy chairman said it cannot be entertained as the Question Hour was on.
Top Left leaders Prakash Karat (Communist Party of India-Marxist), A B Bardhan (Communist Party of India), Debabrata Biswas (Forward Bloc) and Abani Roy (Revolutionary Socialist Party), led the demonstration near Parliament House.
Bharatiya Janata Party (BJP) president Nitin Gadkari on Tuesday demanded that the Congress-led United Progressive Alliance (UPA) government publish a 'White Paper' on rising prices of essential commodities that crippled lives of the middle class and the poor in the country.
In most parts of the landlocked northeastern state, items such as rice, potato, onion and egg besides LPG cylinders and petrol are selling at rates much above the ones fixed by the government.
A deficient rainfall season starts with heavy showers.
Chanting anti-government slogans, hundreds of supporters of Left parties on Friday held a demonstration here protesting the rising prices of essential commodities.
Naresh, who works at a bookstall and Raichand Singh, who owns a small hotel, at Carter Road in Bandra (suburban Mumbai), feel that post-budget the prices of essentials like cooking gas, petrol and hence vegetables is likely to move up.
Making sense of the international crude market is incredibly hard.
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