Cpi

Nov retail inflation eases to 5.48%; industrial output grows 3.5% in Oct

The data shows higher inflation in rural areas at 5.95 per cent, compared to 4.83 per cent in urban regions

CPI submits breach of privilege motion in RS against Ashwini Vaishnaw

CPI floor leader in Rajya Sabha P Sandosh Kumar on Monday submitted a breach of privilege motion against Railway Minister Ashwini Vaishnaw, accusing him of misleading the House by providing figures contradictory to the ministry's own data submitted earlier to the House. According to a statement issued by the CPI, the ministry, in response to a question raised by CPI MP P P Suneer on safety of railway workers, provided the number of 65 deaths and 569 injuries from 2014-15 to 2023-24, a period of 10 years. However, in an earlier reply in Rajya Sabha on December 8, 2023, the ministry said that 361 railway workers died due to train accidents during maintenance work on rail tracks in the last five years (from 2019-20 to 27.11.2023), the statement said. The CPI said the ministry's reply on Monday sharply contradict the figures provided by it earlier in the Rajya Sabha. The party said in a sub-question of the raised question, Suneer had asked for the zone-wise details of the number of dea

India GDP growth hits 7-quarter low of 5.4% in Q2 amid manufacturing slump

The Q2FY25 growth in manufacturing slowed to 2.2 per cent, significantly below the 7 per cent recorded in Q1 and 14.3 per cent a year earlier

Early signs of second-order effects: RBI cannot ignore price pressures

It is worth highlighting that even if the headline or food inflation rate comes down, it will only reduce the pace of price increase and consumers will continue to pay comparatively high prices

CPI(M) remarks of blocking fake voters aimed at scaring real electors: Cong

The Congress and BJP on Tuesday contended that the ruling CPI(M)'s reported remarks about stopping fake voters from entering polling stations during the voting for the Palakkad assembly seat were aimed at deterring electors and would amount to taking the law into its own hands. The bypoll will be held on November 20. During the silent campaign in the Palakkad assembly constituency, Congress-led UDF candidate Rahul Mamkootathil, while visiting homes seeking votes, said the election officials were officers of the government and therefore, how did fake voters' names get registered on the electoral roll? Mamkootathil, the state president of the Youth Congress, said that even the UDF was opposed to fake voters, but that issue should not be used to intimidate other electors from voting. BJP's C Krishnakumar, who also visited homes in the constituency seeking votes, contended that such statements by CPI(M) shows the Left party's tendency to take law into its own hands. He said that his p

Oct retail inflation rises to 14-month high of 6.2%; IIP picked up in Sep

Retail inflation breaches RBI's 6% threshold

October retail inflation hits 14-month high at 6.21%, food prices soar 11%

India's industrial output rose 3.1% year-on-year in September, driven by a rebound in manufacturing activity

Mospi announces advancing of release time of IIP, CPI data to 4 pm

The Ministry of Statistics and Programme Implementation on Tuesday announced the advancing of release time for macroeconomic data Consumer Price Index and Index of Industrial Production by about one and a half hours. The data on the Consumer Price Index (CPI) and Index of Industrial Production (IIP) are currently released by the Ministry of Statistics and Programme Implementation (MOSPI) on the 12th of each month at 5:30 pm (the next working day if the 12th falls on a holiday in case of CPI) and the previous working day (if 12th falls on a holiday in case of IIP), an official statement said. According to the statement, to provide more time on the day of release to access CPI and IIP data, the MOSPI has decided to revise the release time for the CPI and IIP from 5.30 pm to 4.00 pm on the 12th of every month (the next working day if the 12th falls on a holiday of CPI) and the previous working day if 12th falls on a holiday, in case of IIP). The ministry explained that the new release

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