Page 5 - Cpi

After Congress, CPI gets Income Tax dept notice for Rs 11-crore dues

The Communist Party of India (CPI) has received a notice from the income-tax department, asking it to pay "dues" of Rs 11 crore for using an old PAN card while filing tax returns during the last few years, sources said on Friday. They said the Left party is consulting its lawyers to challenge the notice of the tax authorities. The sources said the "dues" to be paid to the I-T department include penalties and interest due to authorities for "discrepancies" in the use of an old PAN card by the party. "We are seeking legal assistance and consulting our lawyers," a senior CPI leader told PTI. Earlier, the Congress said it has received I-T notices, asking the party to pay dues of more than Rs 1,823 crore for discrepancies in tax returns filed for previous years. Trinamool Congress leader Saket Gokhale has also claimed that he has received 11 I-T notices in the last 72 hours. The Congress has been alleging that the Bharatiya Janata Party-led Centre is trying to "cripple" the opposition

Tharoor slams CPI, says it is supporting BJP in Thiruvananthapuram

Senior Congress leader Shashi Tharoor hit out at the CPI on Tuesday, saying that it is ironic that the Left party which complains about Rahul Gandhi's candidature in Wayanad is "playing the BJP's game" in Thiruvananthapuram. The Congress candidate from Thiruvananthapuram said the only effect of the CPI's campaign against him in the constituency is to divide the anti-BJP vote, "and they preach alliance dharma in Wayanad". Tharoor, who has been representing Thiruvananthapuram for the past 15 years in the Lok Sabha, is eyeing a record fourth term. He is facing BJP's Rajeev Chandrasekhar, the Union Minister of State for Skill Development and Entrepreneurship, and Electronics and Information Technology. The CPI has fielded Pannian Raveendran in the Thiruvananthapuram Lok Sabha seat. In a post on X, Tharoor said, "It's ironic that the same @cpofindia that complains about @RahulGandhi's candidature in Wayanad is playing the BJP's game in Thiruvananthapuram." "The only effect of the CPI's

NDA files poll code violation complaint against CPI candidate in Kerala

The BJP-led NDA on Monday filed a complaint with the district collector against VS Sunil Kumar, the CPI candidate from Kerala's Thrissur, for allegedly violating the poll code. According to the complaint, Kumar violated the poll code by posting a picture with actor Tovino Thomas, who is an ambassador for the Election Commission's Systematic Voter's Education and Electoral Participation programme (SVEEP). Ravikumar Uppath, the National Democratic Alliance's (NDA) Thrissur district coordinator, filed the complaint with the district collector, who is also the returning officer for the Thrissur Lok Sabha constituency, alleging that the Left leader misused the actor's photograph to seek votes and, hence, violated the Model Code of Conduct. The complaint said the Left candidate and workers used the photograph for poll campaigning and asked the returning officer not to allow Kumar to contest the elections. Kumar recently met Thomas at a film set. Thomas later posted on social media, sayi

US inflation tops Feb forecasts, reinforcing Fed's cautious approach

The so-called core consumer price index, which excludes food and energy costs, increased 0.4% from January, according to government data out Tuesday. From a year ago, it advanced 3.8%

China's consumer prices up first time in 6 months on Lunar New Year gains

The consumer price index (CPI) climbed 0.7% year-on-year in February, data from the National Bureau of Statistics (NBS) showed on Saturday

Feb consumer price inflation forecast to edge down to 4-month low: Poll

Rises in food prices, which make up almost half of the consumer price index (CPI) basket and experience sharp swings often due to uneven monsoons, have recently outpaced overall inflation

Food weighting in CPI may be cut as spending shifts, says official

Food's weighting in the consumer price index could be lowered in the next revision of the basket of goods due to be completed by next year, the official who declined to be identified told Reuters

CPI announces LS poll candidates in Kerala, Annie to contest from Wayanad

The Communist Party of India (CPI), the second-largest coalition partner in Kerala's ruling Left Democratic Front, has announced the names of its candidates for four crucial seats in the upcoming Lok Sabha polls. Notably, senior party leader Annie Raja has been nominated to contest from the pivotal Wayanad constituency, a seat presently held by Congress leader Rahul Gandhi. Party veteran and former MP Pannian Raveendran will contest from Thiruvananthapuram, another crucial seat represented by senior Congress leader Shashi Tharoor. The announcement was made by Party State Secretary Binoy Viswam at a press conference. Former agriculture minister V S Sunil Kumar and the party's youth wing AIYF's leader C A Arunkumar will be fielded from Thrissur and Mavelikkara seats respectively, he added.

Higher sales tax drives Sri Lanka inflation to 6.5% in January, shows data

The National Consumer Price Index (NCPI) captures broad retail price inflation and is released with a lag of 21 days every month

Sensex drops 523 pts, Nifty tests 21,600 ahead of Jan CPI data; PSBs sink

Stock market highlights on February 12, 2024: The broader markets suffered deeper losses with the BSE MidCap index falling 2.6 per cent and the BSE SmallCap 3.16 per cent

Inflation slows in New Zealand to its lowest rate since 2021, shows data

Inflation in New Zealand has slowed to its lowest rate in two and a half years, the country's official statistics agency announced on Wednesday. Stats NZ revealed the latest consumers price index (CPI) data had slowed to 4.7% across 2023, a significant drop from the 5.6% result in the year to September 2023. The agency said falling food and transport prices were the main drivers of the slowdown in the inflation rate which had peaked at 7.3 per cent in 2022. While the CPI is still above the the Reserve Bank of New Zealand's target band of 1-3%, the better than expected slowdown all but ends any speculation of a further hike of the official cash rate which currently sits at 5.5% when the Reserve Bank next meets in on Feb. 28. The fall to 4.7% was in line with market expectations, but lower than the Reserve Bank's prediction of 5%. New Zealand Finance Minister Nicola Willis said a key goal of the government was to lower inflation. Our immediate focus is getting inflation back into

US consumer prices up more than expected in Dec, weekly jobless claims fall

The consumer price index (CPI) rose 0.3% last month after nudging up 0.1% in November, the Labor Department's Bureau of Labor Statistics said on Thursday

Retail inflation for industrial workers up marginally at 4.98% in Nov: Govt

Retail inflation for industrial workers increased marginally to 4.98 per cent in November compared to 4.45 per cent in October this year, mainly due to higher prices of certain food items. Food inflation stood at 7.95 per cent against 6.27 per cent in the previous month (October 2023) and 4.30 per cent during the corresponding month (November 2022) a year ago, a labour ministry statement said. According to the statement, year-on-year inflation for the month stood at 4.98 per cent in November compared to 4.45 per cent for the previous month (October 2023) and 5.41 per cent during the corresponding month (November 2022) a year before. The All-India CPI-IW (Consumer Price Index for Industrial Workers) for November 2023 increased by 0.7 points and stood at 139.1 points. The CPI-IW was 138.4 points in October 2023. On one-month percentage change, it increased by 0.51 per cent with respect to the previous month, whereas it remained stationary between the corresponding month a year ago,

Time to review insurance cover; and buy art: Top personal finance stories

Our best stories this week explain how to review a key component of your financial portfolio and how to invest in art

Gold prices fall on a firm dollar as spotlight moves to US CPI data

In the limelight now, is the November US consumer price report due on Tuesday, which could offer more rate cut clues ahead of the Fed's statement and Chair Jerome Powell's comments on Wednesday

CPI Kerala state secy Kanam Rajendran dies at 73 following cardiac arrest

Veteran CPI leader and the party's state secretary Kanam Rajendran died at a private hospital here on Friday following cardiac arrest, party sources said. He was 73. The senior leader of the Communist Party of India has been undergoing treatment at the hospital for multiple ailments including heart and kidney related issues and diabetes. His right foot was recently amputated to contain the spread of an infection due to diabetes and had applied for three months leave from the party responsibilities due to health reasons. Though the leader had expressed confidence of a speedy recovery, his health condition suddenly worsened this evening following a cardiac arrest, they said. The news of the unexpected demise of the veteran leader came as a shock for everyone cutting across political parties in the state. His death comes at a time Chief Minister Pinarayi Vijayan and other ministers are taking part in the Nava Kerala outreach programme in this district. The CM and his cabinet collea

Winter session: CPI moves notices seeking discussion on 'Himalayan ecology'

This came in the backdrop of Uttarakhand's Shilkyara tunnel collapse, wherein 41 workers got trapped and were rescued after a 17-long day

Sensex drops 326 pts, Nifty below 19,450; PSBs, metals rally, IT sinks

Closing Bell on November 13, 2023: SBI Life, Bajaj Finance, Grasim, Infosys, Nestle India, Apollo Hospitals, Tech M, ICICI Bank, and HDFC Bank were the top laggards

Indian economy projected to grow at 6.3% in FY24, says Ficci Survey

The Consumer Price Index (CPI)-based inflation is expected to remain at 5.5 per cent in FY24, with a range of 5.3 per cent to 5.7 per cent

Inflation seen easing to 5.50% in Sept on softening food price rises: Poll

Inflation, as measured by the annual change in the CPI , was forecast to have fallen to 5.50% in September from 6.83% in August, according to an Oct. 3-9 Reuters poll of 66 economists