Wall Street stocks closed mixed on Monday as investors braced for a slew of U.S. economic data this week, especially consumer prices, to gauge the outlook for Federal Reserve monetary policy. The Dow Jones Industrial Average fell. The benchmark S&P 500 index and tech-heavy Nasdaq Composite Index closed higher. Investors are awaiting Wednesday’s U.S. consumer … Read more
Home Business Retail Inflation Dips To Five-Year Low In July At 3.5 Percent: NSO Data The is the first time in nearly five years that retail inflation has climbed down below the targeted 4 percent, the last time this happened was back in September 2019. Retail inflation has dipped to a five-year low in July … Read more
New Delhi: Amid criticism over low rate of hike in MGNREGS wages, sources on Friday said the increase was calculated on the basis of Consumer Price Index for Agricultural Labour, which rose by around 7.7 per cent since last year. The Rural Development Ministry had notified new wage rates under the MGNREGS on Wednesday, with … Read more
New Delhi: 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 … Read more
NEW DELHI: Communist Party of India leader D Raja on Saturday visited the family of jailed Delhi chief minister Arvind Kejriwal at his residence. Expressing disapproval of Kejriwal’s arrest, D Raja said in a post on X, CPI National Secretaries Dr. Bhalchandra Kango, Rama Krushna Panda and CPI Delhi Secretary Dinesh Chandra Varshaneya accompanied myself … Read more
Thrissur: Responsible citizens will assess and analyse the performance of their local sitting MP before casting ballot, Left Democratic Front’s Wayanad candidate Annie Raja has said. The Congress should also think about its gains fighting against the Left parties given that the country is “facing fascist forces who have encroached on all the pillars of Indian … Read more
Home Business RBI Pegs India’s GDP Growth In Q4 At 7%, Vehicle Registration And E-way Bills Record Huge Growth RBI monthly bulletin: The bulletin says RBI is upbeat on consumer price inflation coming off its November-December spikes. RBI File photo New Delhi: The Reserve Bank of India has released the monthly bulletin today. In its … Read more
India’s retail inflation likely eased to a three-month low of 5.09% in January on slowing food price rises and favourable base effects, according to economists polled by Reuters who also predicted a moderation in core inflation to 3.70%. The Reserve Bank of India, which held its repo rate at 6.50% for a sixth consecutive meeting … Read more
New Delhi: Retail inflation is stable and well within the central bank’s tolerance band of 2-6% as a result of the Centre’s efforts to rein in prices, finance minister Nirmala Sitharaman said in Lok Sabha on Wednesday as she rejected the Opposition’s criticism over the price situation.Responding to the Opposition’s charge that inflation, poverty and … Read more
New Delhi: Factory output grew 2.4% in November, the slowest pace of expansion in last eight months, while retail inflation rose to a four-month high of 5.7% in December 2023 on the back of a spurt in food prices, according to a set of government data released on Friday.The retail inflation, based on Consumer Price … Read more