Page 4 - Cpi

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

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'