Here is the best of Business Standard's opinion pieces for today
A government panel headed by Niti Aayog's Ramesh Chand is finalising the changes in the WPI to include 60 per cent of the economy for the first time
Das says RBI won't make public the communication on failure of achieving target to govt
S&P noted that India's domestic recovery from Covid-19 would continue to support growth in FY23
Workers hailing from Tamil Nadu were duped on the pretext of job offers and forced into bonded labour in Myanmar, the CPI said on Monday and urged Prime Minister Narendra Modi to take immediate steps to rescue them. After falsely promising job opportunities in Thailand, Tamil Nadu workers were taken by unscrupulous elements to Myawaddy in Myanmar and they were forced into bonded labour there, the party said citing social media accounts. In a statement, the Left party's State Secretary R Mutharasan said such workers faced torture in Myanmar and their families back home are distressed. Steps should be taken on a war-footing by the Union government to bring them back home, he urged Modi. Also, the Centre should provide them domestic job opportunities. He alleged that workers faced the agony of seeking employment abroad as the BJP-led Centre has deceived the people on its promise of providing 2 crore job opportunities every year.
Report says the gap between output and input prices widened during the pandemic, particularly after the first Covid-19 wave
Higher US interest rates typically leads to a stronger dollar and reduces the appeal of emerging market assets for global investors
Sensex swings 1,232 points before settling 224 points lower; FPIs pullout Rs 1,400 cr
The rise in bond prices came despite an increase in India's consumer price index inflation, which strengthens the case for the Reserve Bank of India to continue tightening monetary policy
CLOSING BELL: Tech M, Titan, Axis Bank, Infosys, Ultratech Cement, Bajaj Finance, Tata Steel, Wipro, RIL, and TCS were the top large-cap winners
Kunamneni Sambasiva Rao has been elected as Telangana state secretary of the Communist Party of India (CPI)
Inflation has peaked, expect CPI at 5% in April-June, he says
The Communist Party of India on Friday asked the 'Mahagathbandhan' government in Bihar, which it is supporting from outside, to use bulldozers against leaders of the BJP in the state. CPI national secretary Atul Anjan also demanded that a "white paper" on the "ill-gotten" wealth of BJP leaders in the state be brought out to debunk the notion that "only other parties are corrupt". "Let (CM) Nitish Kumar and (deputy CM) Tejashwi Prasad Yadav instruct officials concerned to identify and raze structures belonging to BJP leaders which are found to be encroaching upon public land. Bulldozers should now be used against the party", he told reporters. "If Nitish and Tejashwi baulk, we will take it as a lack of moral courage (naitik saahas) on their part," said Anjan. The CPI leader said his party was still open to joining the cabinet in the state, unlike other Left parties - the CPI(ML) and CPI(M) which have ruled out such a possibility. "But we have received no offer so far. And we do no
Britain's rate of inflation has surged to a new 40-year high as the Consumer Prices Index (CPI) rose to 10.1 per cent on Wednesday, with increasing food costs the biggest driver of the latest hike. According to the Office for National Statistics (ONS), annual inflation for essential food items is now running at 12.7 per cent, up from 9.8 per cent in June, fuelled largely by price rises for basics such as bread, milk, cheese and eggs. The latest figures come amid soaring energy bills and a mounting cost-of-living crisis across the country. "A wide range of price rises drove inflation up again this month, said ONS chief economist Grant Fitzner. "Food prices rose notably, particularly bakery products, dairy, meat and vegetables, which was also reflected in higher takeaway prices. Price rises in other staple items, such as pet food, toilet rolls, toothbrushes and deodorants also pushed up inflation in July, he said. "Driven by higher demand, the price for package holidays rose, after
The inflation trajectory for India is expected to be benign and CPI numbers for March 2023 could be even lower than 5 per cent, due to signs of softening crude oil prices
Spot gold fell 0.3% to $1,786.71 per ounce by 0852 GMT, after hitting its highest since July 5 at $1,807.79 on Wednesday.
Given its stage and uncompetitive infrastructure, India's approach has been largely naïve or self-destructive
According to the July Bulletin article, the current level of reserves were equivalent to 9.5 months of imports projected for 2022-23
Sinha was in Patna during his presidential election campaign and all the opposition parties including the RJD, Congress, the CPI, the CPI-M, and the CPI-ML unanimously expressed their support.
Rupee which had closed at 79.64/$ at its previous close, slipped to a low of 79.92/$ intraday