Page 3 - Cpi

FMCG sector flags urban consumption slowdown as food inflation bites

Lower salary increases, high interest rates will continue impacting urban demand, says Nomura

CPI's K Narayana urges civil aviation minister to control rising airfares

"Our concern is about the fluctuation of airfares. In the last year alone, airfares have increased by 40 percent. Airlines should not hike the charges exorbitantly and arbitrarily

Congress hits out at CM Vijayan over silence on Kannur ADM's death

The opposition Congress in Kerala has slammed Chief Minister Pinarayi Vijayan by questioning his silence on the alleged suicide of former Kannur ADM Naveen Babu following corruption allegations levelled against him by CPI(M) leader P P Divya. Kerala Pradesh Congress Committee (KPCC) chief K Sudhakaran and Leader of Opposition in the state assembly V D Satheesan both questioned why the CM was silent on the matter as he did not even convey his condolences to the bereaved family. Terming Babu as an honest and good officer, Sudhakaran alleged that the government was dragging its feet on investigating the matter. Similar allegations were made by Satheesan who claimed that Vijayan and his office were trying to save the culprits behind the alleged suicide of Babu. He also contended that the CPI(M) created a fake document to show Babu was corrupt and save Divya, the former Kannur District Panchayat President. Satheesan also sought to know why District Collector Arun K Vijayan kept silent

Retail inflation rises to 5.49%, highest in CY24; WPI inflation up as well

Higher food prices, fading base effect behind surge

Ministry conference discusses frequent household expenditure surveys

It will help in CPI base revision and updating other macroeconomic indicators, say economists

ADGP row: CPI urges removal of officers deviating from Left policies

The controversy surrounding senior Kerala police officer M R Ajithkumar's 2023 meeting with two RSS leaders continues, as the CPI, a key constituent of Kerala's ruling CPI(M)-led LDF, expressed displeasure on Thursday over his continued tenure as ADGP of law and order. In an article in the party mouthpiece Janayugam, senior CPI leader K Prakash Babu said that whether the meeting was official or personal, it is the responsibility of the ADGP to clarify. At the very least, such matters should be formally communicated to the police chief or the home department, he added. The CPI leader further said that if the ADGP is unwilling to do so, he should be removed from his position. "An officer who does not understand the pro-people stance of a people's government will lead the government into a crisis. This is the situation the ADGP has created," Prakash Babu remarked in the article. He said that there is no doubt among national left-wing political parties that fascism in India manifests

Committed ideologue: Prez Murmu, PM Modi, others condole Yechury's demise

President Droupadi Murmu on Thursday condoled the demise of CPI (M) general secretary Sitaram Yechury and expressed heartfelt condolences to his family and colleagues. She said Yechury, a committed ideologue, won friends cutting across the party lines. The three-time party chief died at the All India Institute of Medical Sciences (AIIMS) here on Thursday following prolonged illness. He was 72. "Saddened to learn about the demise of CPI (M) general secretary Shri Sitaram Yechury. First as a student leader and then in national politics and as a parliamentarian, he had a distinct and influential voice. Though a committed ideologue, he won friends cutting across the party lines. My heartfelt condolences to his family and colleagues," Muru said in a post on X.

CPI's D Raja accuses BJP of poaching leaders ahead of Jharkhand polls

CPI general secretary D Raja on Saturday accused the BJP of poaching leaders from other parties and raking up issues like infiltration to polarise people ahead of the assembly polls in Jharkhand. Raja arrived in Jharkhand earlier in the day to discuss the party's strategy for the assembly elections in the eastern state later this year. The BJP and its conservative allies are targeting ruling parties in Jharkhand. In order to cripple functioning, they poach leaders from ruling parties if possible. This is happening in Jharkhand, he told reporters here. On the issue of infiltration, if they are serious about it, the Union home minister should give an explanation to the country. Instead, they are targeting some states in order to create confusion and conflict among communities, Raja alleged. The saffron party has been making allegations of increased infiltration in Jharkhand, especially in the Santhal Parganas. The senior CPI leader also claimed that the BJP would face defeat in the

July inflation print did not cause any celebrations. Why it should have

The balance of risk around growth and inflation is shifting. Inflation risks are overstated, while emerging growth signals appear soft

Why it makes sense for food prices to be cut out of RBI's inflation target

Officials are depressingly hesitant to touch anything to do with food production and prices, since these are particularly sensitive politically

Revising the consumption basket

Changing the components of the consumer price index is a detail-oriented exercise that requires the attention of all stakeholders

Buddhadeb Bhattacharjee: Chief minister who tried to break ground

Buddhadeb Bhattacharjee took charge to bring West Bengal on India Inc's investment map. He died with the dream unfulfilled

China's CPI in July rises faster than expected, producer deflation persists

The data comes in the wake of shrinking manufacturing activity and raised concerns about the outlook for exports

Govt panel considering major cut to food weighting in new CPI basket

The panel, under the statistics ministry, is discussing a proposal to reduce the weight of food in the consumer price basket by as much as 8 percentage points

D Raja justifies INDIA bloc CMs boycotting NITI Aayog meet, blames Centre

CPI general secretary D Raja Saturday justified the decision of several chief ministers to boycott the Governing Council meetings of the NITI Aayog, claiming that certain actions of the Centre are behind their move. Taxes and funds were not being shared properly by the central government, Raja alleged. "The CMs who are boycotting the NITI Aayog meeting have certain issues. There are very genuine issues. The Central government's actions were responsible for it," Raja told reporters here. Chief ministers of the INDIA bloc -- Stalin (DMK), Kerala's Pinarayi Vijayan (CPI-M), Punjab's Bhagwant Mann (Aam Aadmi Party), Congress's Siddaramaiah (Karnataka), Sukhvinder Singh Sukhu (Himachal Pradesh) and Revanth Reddy (Telangana), and Jharkhand's Hemant Soren (Jharkhand Mukti Morcha) -- skipped the NITI Aayog meeting. Stating that the Constitution defines India (Bharat), as a union of states, Raja said: "It means the union government should treat all the state governments equally and there ..

China's June consumer inflation misses expectations amid weak demand

Beijing has sought to revive consumption after a stuttering post-Covid recovery, but concerns are lingering over more fundamental issues including a protracted housing downturn

Retail inflation steadily easing, food prices still a concern: RBI bulletin

Retail inflation is gradually easing, but volatile and elevated food prices are interrupting the path of disinflation, the RBI Bulletin said on Wednesday. An article on the "State of the Economy", published in the June 2024 Bulletin, said global growth was resilient in the first quarter of 2024, and many central banks have pivoted towards a less restrictive monetary policy stance in response to the fall in inflation in their economies. In India, high-frequency indicators suggest the real GDP growth in Q1 FY2024-25 is broadly maintaining the pace it achieved in the preceding quarter. Also, the prospects for agriculture are brightening with the early landfall of the southwest monsoon, said the article authored by a team led by Reserve Bank deputy governor Michael Debabrata Patra. "Headline inflation is gradually easing, driven by sustained softening of its core component, although the path of disinflation is interrupted by volatile and elevated food prices," the authors said. The RB

Asian shares remain steady, dollar firm ahead of US inflation data report

European markets are also set to open slightly higher, with EUROSTOXX 50 futures up 0.3 per cent and the FTSE futures gaining 0.4 per cent

Rising India food costs likely snapped inflation downturn in May: Report

The Reuters poll of 50 economists conducted June 5-10 predicted consumer price inflation (CPI) is expected to have picked up to 4.89 per cent last month from April's 4.83 per cent.

US consumer inflation eases to 0.3% in April; retail sales unchanged

The reports suggested that domestic demand was cooling, which is likely to be welcomed by officials at the U.S. central bank as they try to engineer a "soft-landing" for the economy