Page 7 - Cpi

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

Bonds recoup losses after inflation shock as long-term players step in

Yield on the 10-year benchmark bond closed at 7.37 per cent, versus 7.36 per cent at previous close

Upside risks to CPI inflation likely to outweigh downside risks: Eco Survey

The Survey, which was tabled in Parliament on Tuesday by Finance Minister Nirmala Sitharaman, noted that India's inflation management is 'noteworthy' and can be contrasted with advanced economies

US inflation cools again to 6.5%, gives Fed room to downshift on rates

The overall CPI fell 0.1% from the prior month, with cheaper energy costs fueling the first decline in 2 1/2 years. The measure was up 6.5% from a year earlier

Monetary policy making: 2022 was year of reset, 2023 could be a long pause

25 bps raise likely in Feb, before RBI hits status quo button, feel experts

US core inflation slows, giving Fed Reserve some breathing room on rates

The overall CPI increased 0.1 per cent from the prior month and was up 7.1 per cent from a year earlier, as lower energy prices helped offset rising food costs