Page 2 - Cpi

China's CPI in July rises faster than expected, producer deflation persists

The data comes in the wake of shrinking manufacturing activity and raised concerns about the outlook for exports

Govt panel considering major cut to food weighting in new CPI basket

The panel, under the statistics ministry, is discussing a proposal to reduce the weight of food in the consumer price basket by as much as 8 percentage points

D Raja justifies INDIA bloc CMs boycotting NITI Aayog meet, blames Centre

CPI general secretary D Raja Saturday justified the decision of several chief ministers to boycott the Governing Council meetings of the NITI Aayog, claiming that certain actions of the Centre are behind their move. Taxes and funds were not being shared properly by the central government, Raja alleged. "The CMs who are boycotting the NITI Aayog meeting have certain issues. There are very genuine issues. The Central government's actions were responsible for it," Raja told reporters here. Chief ministers of the INDIA bloc -- Stalin (DMK), Kerala's Pinarayi Vijayan (CPI-M), Punjab's Bhagwant Mann (Aam Aadmi Party), Congress's Siddaramaiah (Karnataka), Sukhvinder Singh Sukhu (Himachal Pradesh) and Revanth Reddy (Telangana), and Jharkhand's Hemant Soren (Jharkhand Mukti Morcha) -- skipped the NITI Aayog meeting. Stating that the Constitution defines India (Bharat), as a union of states, Raja said: "It means the union government should treat all the state governments equally and there ..

China's June consumer inflation misses expectations amid weak demand

Beijing has sought to revive consumption after a stuttering post-Covid recovery, but concerns are lingering over more fundamental issues including a protracted housing downturn

Retail inflation steadily easing, food prices still a concern: RBI bulletin

Retail inflation is gradually easing, but volatile and elevated food prices are interrupting the path of disinflation, the RBI Bulletin said on Wednesday. An article on the "State of the Economy", published in the June 2024 Bulletin, said global growth was resilient in the first quarter of 2024, and many central banks have pivoted towards a less restrictive monetary policy stance in response to the fall in inflation in their economies. In India, high-frequency indicators suggest the real GDP growth in Q1 FY2024-25 is broadly maintaining the pace it achieved in the preceding quarter. Also, the prospects for agriculture are brightening with the early landfall of the southwest monsoon, said the article authored by a team led by Reserve Bank deputy governor Michael Debabrata Patra. "Headline inflation is gradually easing, driven by sustained softening of its core component, although the path of disinflation is interrupted by volatile and elevated food prices," the authors said. The RB

Asian shares remain steady, dollar firm ahead of US inflation data report

European markets are also set to open slightly higher, with EUROSTOXX 50 futures up 0.3 per cent and the FTSE futures gaining 0.4 per cent

Rising India food costs likely snapped inflation downturn in May: Report

The Reuters poll of 50 economists conducted June 5-10 predicted consumer price inflation (CPI) is expected to have picked up to 4.89 per cent last month from April's 4.83 per cent.

US consumer inflation eases to 0.3% in April; retail sales unchanged

The reports suggested that domestic demand was cooling, which is likely to be welcomed by officials at the U.S. central bank as they try to engineer a "soft-landing" for the economy

CPI(M) turns to 'old flavour' in new package for route to revival in Bengal

We have fielded mostly new faces. There are barely three who are above 60 years of age, said Samik Lahiri, a senior leader of the party

Retail inflation eases to 4.85% in March, IIP grows 5.7% in February

The government has tasked the Reserve Bank to ensure inflation remains at 4%, with a margin of 2 per cent on either side

Opposition, activists express solidarity with Newsclick founder Purkayastha

The opposition leaders and activists on Saturday expressed solidarity with Newsclick founder Prabir Purkayastha and accused the ruling BJP of crushing dissent. CPI(M) general secretary Sitaram Yechury, party leader Brinda Karat, CPI general secretary D Raja, AAP leader Gopal Rai, former IAS officer and activist Harsh Mander, and senior journalist P Sainath were among those who expressed solidarity with Purkayastha, who was arrested in October 2023, following raids on Newsclick. Yechury said that his friendship with Purkayastha goes back to his days in the Jawaharlal Nehru University (JNU) and recalled he was also arrested during emergency. "We are not just here to express solidarity with a person... he has played an important role in all people's movements," Yechury said. "In my last speech in the Parliament, I said it's our responsibility not to make India a Hindu Pakistan. We have to save ourselves. Voices like Prabir are needed to ensure that," he added. Yechury said arrests ar

Inflation targeting framework is the focus: RBI governor Shaktikanta Das

The RBI projects CPI will be 4.5 per cent for the whole year, and growth will be 7%

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.