Page 5 - Cpi

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

RBI's rate setting body starts deliberations amid expectation of status quo

RBI Governor Shaktikanta Das-headed Monetary Policy Committee (MPC) started its three-day meeting on Wednesday amid expectations of a status quo on the rate front in its bi-monthly monetary policy review. The policy review will be announced on Friday morning. In case of a status quo, interest rates for retail, as well as corporate borrowers, would remain stable. Experts believe that the Reserve Bank will retain the benchmark rate at 6.5 per cent in view of the elevated inflation and global factors. The Reserve Bank started increasing the policy rate in May 2022 in tranches, in the wake of the Russia-Ukraine war and took it to 6.5 per cent in February this year. Since then, it has kept the rate unchanged in the last three successive bi-monthly monetary policy reviews. "The credit policy this time will most likely continue with the existing rate structure as well as policy stance. Hence, the repo rate will be retained at 6.5 per cent with the stance of withdrawal of accommodation," .

CPI's D Raja meets Lalu, discusses ways to step up fight against BJP

CPI general secretary D Raja met RJD president Lalu Prasad, and held discussions on stepping up the fight against the ruling BJP at the Centre. The CPI leader, who is in Bihar to attend a conference of his party's students' wing AISF, met Prasad on Wednesday at the residence of the latter's wife and former CM Rabri Devi. Talking to reporters, Raja said, "The formation of the coalition INDIA is an important step towards protecting the secular and democratic character of the country, which owes itself to the Constitution but faces threat from the current dispensation". Claiming that the BJP was rattled, fearing a rout in the Lok Sabha polls next year, the CPI leader said more parties may join INDIA in the run-up to the general elections. Raja, who will be in Begusarai on Thursday to attend the national conclave of AISF, said, "The CPI will unite the working class, farmers, women and students to provide the much-needed ballast to the INDIA coalition".

US CPI gauge accelerates 1st time in 6 months, making room for fed hike

The so-called core consumer price index, which excludes food and energy costs, advanced 0.3% from July, the first acceleration in six months, Bureau of Labor Statistics data showed Wednesday

After 20 yrs, left inches towards pre-poll pact with Congress in Telangana

After a gap of 20 years, the CPI and CPM in Telangana are now inching towards a per-poll alliance with the Congress in the state for the upcoming Assembly polls. The development comes days after Chief Minister K Chandrasekhar Rao-led BRS announced the candidates list of 115 seats out of the total 119, dashing the hopes of the Left parties that were looking to form a pre poll alliance with the ruling party. The communist parties supported the BRS candidate in the Munugode by-election held in November last year. After his party's victory, Rao thanked the CPI and CPM for the association, and said the friendship will continue, in order to keep the surging BJP at bay. Assembly polls in Telangana are scheduled to be held towards the end of the calendar year. According to CPM Telangana secretary Tammineni Veerabhadram, the party has received a call from Manikrao Thakare Congress' Telangana in-charge for discussion on the subject. However, a formal round of talks is yet to take place. Th

One nation, one election: All you need to know about simultaneous elections

Centre has constituted a committee headed by former President Ram Nath Kovind to explore the possibility of 'one nation, one election'

Opposition bloc INDIA resolves to jointly contest 2024 Lok Sabha elections

Opposition alliance INDIA passed a resolution on Friday in Mumbai, where the parties resolved to contest the forthcoming Lok Sabha elections in 2024 together as far as possible

Warning sign for global economy, China's CPI tips into deflation in July

CPI falls in annual terms for first time in 2 years; country becomes first G20 economy to report deflation since Japan in 2021

MoSPI kicks off work for CPI base revision after over a decade: Report

This is the first time the ministry is revising the base in over a decade. Currently, the base year for calculations of CPI is 2011-12

US inflation decelerates to 3%, core CPI rises less than forecast

The consumer price index rose 3% last month from a year ago, according to data out Wednesday from the Bureau of Labor Statistics. From May, it advanced 0.2%

Sensex drops 224 pts in fag-end, Nifty below 19,400; Delta Corp sinks 23%

CLOSING BELL ON JULY 12, 2023: Shares of online gaming firms wilted under selling pressure on Wednesday owing to the 28% GST levy. Meanwhile, HDFC signed-off its from the bourses with a 0.6% loss.

Inflation in Germany reaches 6.8%, while Spanish CPI hits 1.6% YoY in June

Inflation is pushing in different directions in Europe, rising in Germany and falling again in Spain, official figures said Thursday. German consumer prices jumped 6.8 per cent in June from a year earlier, up from May's 6.3 per cent, the state statistics office Destatis said. The figure was boosted in part by a widely used offer of cheap transport tickets last summer, analysts said. The increase in Europe's largest economy comes a day before the release of inflation figures for the entire 20-country area that uses the euro currency. Inflation in the eurozone has been falling from its peak of 10.6 per cent in October, coming in at 6.1 per cent in May. But that is still far above the target of 2 per cent set by the European Central Bank. ECB chief Christine Lagarde has warned inflation is persistent enough to warrant at least one more interest rate hike at the bank's July 27 meeting. Higher interest rates are central banks' chief tool against inflation. Meanwhile, lower food and ene

Oppn have recognised need to fight together to protect Constitution: D Raja

Opposition parties have recognised the need to fight together to protect the Constitution and the secular-democratic fabric of the country as the BJP-led NDA rule at the Centre has become "disastrous", CPI leader D Raja said here on Saturday. All leaders, who attended the opposition meeting held in Patna a day before, decided to fight the 2024 Lok Sabha elections unitedly to defeat the BJP, he said. Talking to reporters here, Raja said, The BJP rule at the Centre has proved disastrous for our country and our Constitution. Now, opposition parties have recognised the need to fight together to protect the Constitution and the secular-democratic fabric of our nation. Raja, who attended the opposition meeting, also said, Karnataka has rejected the "politics of hatred and divide" through a decisive mandate. "The forces that are attacking the Constitution and spreading the politics of hate must be defeated. The BJP government at the Centre should be thrown out," the CPI general secretary

Delayed monsoon can impact inflation, expect CPI at 5.2%: Deutsche Bank

A German brokerage on Friday warned that with the delayed monsoon, there is no scope for complacency on inflation even though official data for May has shown a cool-off. Deutsche Bank said it expects the average Consumer Price Inflation (CPI) for FY24 to come to 5.2 per cent against the 5.1 per cent estimate of the Reserve Bank of India and the consensus 5 per cent for analysts. "...with monsoon rains currently being 53 per cent below normal and given the history of food prices tending to shoot up in July following a poor start to monsoon, it is amply clear there is no scope for complacency at this stage as far as India's inflation risks are concerned," the brokerage said. The possibility of a 5 per cent or lower headline inflation can only play out if we are lucky and food prices do not rise in July and August, it added. July will be a key month as poor monsoon could drive a potentially sharp spike in July food price inflation, it said, adding that in the last two episodes of lowe