Page 6 - Cpi

Sensex rises for 3rd straight day, up 85pts ahead of Fed outcome; RIL leads

CLOSING BELL ON JUNE 14, 2023: Sectorally, the BSE Metal index surged 1.6 per cent. The Energy and Oil & Gas indices were also up nearly a per cent each.

Retail inflation cools to over two-year low in May; IIP growth recovers

Food inflation fell to an 18-month low of 2.91 per cent in May from 3.84 per cent in April

Protests in J'khand for 'no invite' to Prez at new Parliament building

The Jharkhand unit of Congress, CPI and some tribal organisations on Sunday staged demonstrations here to protest against the Centre for "not inviting" President Droupadi Murmu to the inauguration of the new Parliament building. State Congress president Rajesh Thakur said that "no invite" to the President for the inauguration was "disrespect to the Constitution". Earlier in the day, Prime Minister Narendra Modi inaugurated the new Parliament building in New Delhi and expressed hope that it would become a cradle of empowerment, igniting dreams and nurturing them into reality. Congress workers assembled near the statue of Birsa Munda in Ranchi's Birsa Chowk, holding placards with slogans such as Rashtrapati Ke Samman Mein, Congress Hai Maidan Mein' (In honour of the President, Congress is on roads) written on these. "The new parliament building was inaugurated today, which is indeed a matter of pride for the country. But, the President was not invited to the event. We believe that 'n

CPI MP hits out at govt over withdrawal of Rs 2,000 notes from circulation

CPI MP Binoy Viswam on Friday hit out at the government over the RBI's announcement to withdraw Rs 2,000 currency notes from circulation, saying a white paper on the country's economy should be brought out to show the effects of demonetisation. The Rs 2,000 denomination bank note was introduced in November 2016, primarily to meet the currency requirement of the economy in an expeditious manner after the withdrawal of legal tender status of all Rs 500 and Rs 1,000 bank notes in circulation at that time. "Tuglakhs control the financial sector of the country. They have withdrawn the Rs 2,000 notes. They may argue that this shows the strength of the economy under Modi. Are they dare enough to bring out a white paper on Indian economy after the demonetisation?" Viswam said in a tweet. The Reserve Bank of India (RBI) on Friday announced withdrawal of Rs 2,000 currency notes from circulation, and existing notes in circulation can either be deposited in bank accounts or exchanged by Septemb

CPI inflation dips to 18-month low of 4.7% in April; IIP slows to 1.1%

With inflation remaining well below the tolerance band, experts foresee the RBI to maintain an extended pause

Sensex up 123 pts, Nifty holds 18,300 ahead of CPI data; banks lend support

CLOSING BELL: Eicher Motors, M&M, IndusInd Bank, Axis Bank, HUL, Tata Motors, HDFC Bank, SBI, Hero MotoCorp, Bajaj Finance and ICICI Bank were the top gainers of the day

Violence in Manipur a result of govt policy of 'dividing the people': CPI

The CPI has urged the Centre to initiate dialogue in Manipur, alleging that the violence that has broken out in the state is the result of the policy of "dividing the people". Clashes broke out in the state after a demonstration by tribal groups against a move to grant Scheduled Tribe status to the Meiteis that the residents of the hills had been enjoying for decades since Independence. In a statement on Friday, the Left party said the reports of violence and arson coming from Manipur are matters of serious concern for the entire nation. "The ongoing turmoil in Manipur is a direct result of the policy of dividing the people pursued by the so-called 'double-engine' government of the BJP. Divide and strife between people were encouraged for electoral gains and has resulted in a strategically located state like Manipur being engulfed by all-encompassing violence. "This violence has a background of divisions and it cannot be controlled enduringly by using force. This is testimony to th

Retail inflation falls to 15-month low in March on easing price pressure

Industrial output rose to 3-month high in Feb

Sensex rises 235 pts, Nifty tops 17,800 in fag-end; Divis Labs zooms 10%

CLOSING BELL: Among sectors, the Nifty Pharma index leaped over 2 per cent today as India saw over 7,000 fresh cases of Covid-19

Only a technical issue, CPI secretary on removal of national party status

A day after being removed from the list of national parties by the Election Commission of India, state CPI secretary Kanam Rajendran on Tuesday said that it was "just a technical issue"

Time to avoid the 'last hike'

One feels that arguments in favour of a pause in April are strong

Growth, margins play whack-a-mole with consumer discretionary space

Some brokerages bet on consumer staples, preferring this more defensive space

All political parties should come together to defeat RSS & BJP: CPI MP

Claiming that India is witnessing a situation where politics of the extreme right is holding hands together with the greed of the super rich, CPI Rajya Sabha MP Binoy Vishwam asserted that they should be fought back at any cost. The CPI leader urged all political parties in the country committed to democracy to come together to resist and defeat RSS and BJP, which he alleged are trying to undermine democratic norms of the country. "India is witnessing a situation where the politics of the extreme right hold hands together with the greed of the super rich," he said, inaugurating the delegate session of the 30th conference of the Bengal Provincial Bank Employees' Association on Saturday. Claiming that they together pose the "biggest threat" to democracy, secularism and the basic structures of the constitution, the CPI leader asserted that they should be fought back at any cost. Vishwam said that the working class should understand the need for unity and struggle at this critical ...

After Covid-induced break, EC restarts review of recognised party status

After the Covid-19 pandemic stopped it, the Election Commission has restarted the process of reviewing the recognised status of political parties based on their performance in the 2019 Lok Sabha polls and has given individual hearings to NCP and CPI, two of the eight recognised national parties. The commission has also heard six recognised state parties based on paras 6A, B and C of the Election Symbol (Reservation and Allotment) Order, 1968. The paragraphs deal with criteria for parties to get national or state party status. After the 2019 parliamentary polls, the EC had issued notices to TMC, CPI and NCP, asking why their status should not be downgraded based on the outcome of the general election. However, the process could not move forward due to the pandemic. In November last year, the poll panel revived the process. On Tuesday, it heard the response of the Nationalist Congress Party and the CPI. EC sources said TMC was also called. "It is a routine exercise. We gave a written

India better placed than most to face turmoil, says RBI report

'Core inflation defies softening of input costs'

Retail inflation may moderate in coming months: FinMin monthly review

WPI inflation for February eased to 3.85 per cent in February, the lowest in more than two years

US Consumer Price Index rises 0.4% for urban consumers in February

The index for shelter was the largest contributor to the monthly all items increase, accounting for more than 70 per cent of the increase, Xinhua news agency reported

Bitcoin jumps to highest since June as global markets rally gathers pace

Bitcoin jumped as much as 9.6% to $26,533, its highest since June 2022, in its fourth straight days of gains

Retail inflation above 6% in February, may trigger another rate hike

Experts see 25 bps hike in April; say wheat output may dip due to heat wave; El Nino may emerge as key determinant of food prices going ahead, if it strikes this summer

US inflation rises 0.5% in January, more interest rate hike likely

CPI is up 6.4% from the year-ago period; food and energy boosted the index