However, retail inflation declined to a five-month low of 4.85 per cent in March mainly due to cooling food prices.
Tag: CPI
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India’s Retail Inflation Hits 10-Month Low At 4.85% In March | Economy News
New Delhi: India’s retail inflation reached a 10-month low this month dropping to 4.85 percent in March 2024 from 5.09 percent in the previous month. This suggests a decrease in inflationary pressures across different sectors of the economy.
New data from the National Statistical Office (NSO), part of the Ministry of Statistics and Programme Implementation (MoSPI) reveals that CPI inflation for March was 4.85 percent, slightly lower than the 5.09 percent reported in February. (Also Read: TCS Sees Net Headcount Drop For First Time In 2 Decades)
This suggests a more stable pricing environment, potentially offering relief to households grappling with rising costs of essential goods and services. Delving deeper into the CPI components shows that food inflation played a significant role in driving the overall moderation. (Also Read: 16th Finance Commission Announces Bumper Job Opening; Salary Upto Rs 1.75 Lakh Per Month –Check Details)
March witnessed a decrease in food inflation to 8.52 per cent, down from 8.66 percent in February. This downward trend in food prices could alleviate some of the burden on consumers, especially in the wake of recent escalations.
While urban inflation decreased to 4.14 per cent in March from 4.78 percent in February, rural inflation saw a slight uptick. Rural inflation inched up to 5.45 per cent compared to 4.34 percent in February.
This disparity between urban and rural inflation rates may reflect variations in consumption patterns and supply chain dynamics across different regions. The moderation in CPI comes amid other positive economic indicators.
The Index of Industrial Production (IIP) for March showed robust growth, expanding by 5.7 percent compared to 3.8 per cent in January 2024. This uptick in industrial activity suggests underlying strength in the economy, potentially contributing to a more balanced inflation outlook.
Overall, the moderation in CPI inflation, particularly in food prices, coupled with strong industrial growth, paints a favourable picture of the economy’s resilience amidst ongoing global uncertainties.
The latest inflation data comes a week after the RBI’s Monetary Policy Committee (MPC) on April 5 announced the decision to keep the policy repo rate unchanged at 6.5 percent for the seventh consecutive time.
RBI Governor had said that the CPI inflation projections for FY25 has been reduced to 4.5 per cent from earlier 4.7 per cent. However, policymakers will continue to closely monitor inflationary trends to ensure stability and sustainable economic growth in the coming months. (With ANI Inputs)
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Congress Leader Rahul Gandhi Vs CPI’s Annie Raja: Know Who Is Richer? |
NEW DELHI: Congress leader Rahul Gandhi and Communist Party of India’s (CPI) Annie Raja, both prominent contenders for Kerala’s Wayanad seat in the upcoming Lok Sabha Election 2024, have disclosed their financial assets, sparking interest and comparisons.
Rahul Gandhi’s Net Worth
Rahul Gandhi, filing his nomination in Kerala’s Wayanad, revealed assets worth Rs 20 crore, conspicuously devoid of vehicle or residential property ownership. His movable assets stand at Rs 9.24 crore, inclusive of bank deposits, bonds, shares, mutual funds, and jewellery. Notably, Gandhi’s immovable assets, totalling Rs 11.15 crore, encompass agricultural land in Delhi and office space in Gurugram, the former co-owned with sister Priyanka Gandhi Vadra. His shareholdings, valued at Rs 4.3 crore, include investments in various prominent companies like Asian Paints, Infosys, and Tata Consultancy Services.
Legal Disputes And Cases
Gandhi’s affidavit further discloses his involvement in legal disputes, notably a case under the Protection of Children from Sexual Offences Act (POCSO), alongside defamation complaints by BJP members and a criminal conspiracy case related to Associated Journals Limited.
Annie Raja’s Assets
In contrast, CPI’s Annie Raja’s declared assets amount to a modest Rs 72 lakh, with Rs 71 lakh attributed to inherited property. Her financial holdings consist mainly of minimal cash in hand, bank deposits, jewellery, and immovable property. She has declared only Rs 10,000 cash in hand, bank deposits worth Rs 62,000, jewellery worth Rs 25,000 and an inherited property worth Rs 71 lakh. Annie Raja is the general secretary of the CPI’s National Federation of Indian Women and the wife of the party’s general secretary D Raja.
The Electoral Duel In Wayanad
Gandhi, the incumbent from Wayanad, faces a formidable challenge from Annie Raja and state BJP chief K Surendran in the forthcoming elections, scheduled for April 26. Kerala’s parliamentary constituencies will witness polling as part of the nationwide polls, with the nomination deadline set for April 4.
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After Covid-induced spoil, EC restarts evaluate of recognised birthday party standing; hears 3 nationwide, 6 state events
Through PTI
NEW DELHI: After a halt because of the Covid pandemic, the Election Fee (EC) has restarted the method of reviewing the recognised standing of political events according to their efficiency within the 2019 Lok Sabha polls and has given person hearings to NCP and CPI, two of the 8 recognised nationwide events.
EC assets mentioned TMC was once also known as. When requested whether or not he had represented his birthday party earlier than the EC on Thursday, TMC MP Sukhendu Shekar Ray spoke back within the detrimental.
The fee has additionally heard six recognised state events according to paras 6A, B and C of the Election Image (Reservation and Allotment) Order, 1968. The paragraphs care for standards for events to get nationwide or state birthday party standing.
After the 2019 parliamentary polls, the EC had issued notices to TMC, CPI and NCP, asking why their standing must no longer be downgraded according to the result of the overall election. Then again, the method may just no longer transfer ahead because of the pandemic. In November closing yr, the ballot panel revived the method.
On Tuesday, it heard the reaction of the Nationalist Congress Birthday celebration and the CPI.
“This can be a regimen workout. We gave a written illustration to EC explaining that we’re the oldest political birthday party and feature been participating in parliamentary democracy, shaped executive by itself in Kerala and feature been a part of many coalition governments,” CPI normal secretary D Raja mentioned.
An NCP consultant had submitted main points to EC officers. A senior birthday party chief described the attention as a “regimen topic”.
“It’s an ongoing procedure this is performed after each election. Issues may have modified for some events after the new meeting polls in 3 states. After Karnataka polls, issues may just exchange for different events,” defined a birthday party functionary. Previous, the Election Fee heard six state events to hunt their perspectives at the notices.
Those are Bharat Rashtra Samithi, Mizoram Peoples Convention, Rashtriya Lok Dal, Other people’s Democratic Alliance, Pattali Makkal Katchi and Progressive Socialist Birthday celebration.
A recognised nationwide birthday party can contest on all Lok Sabha and meeting seats on its image. It additionally will get to box extra megastar campaigners for electioneering.
BJP, BSP, CPI, CPI-M, Congress, TMC, NCP and Nationwide Other people’s Birthday celebration are the 8 recognised nationwide events. There are over 50 recognised state events.
NEW DELHI: After a halt because of the Covid pandemic, the Election Fee (EC) has restarted the method of reviewing the recognised standing of political events according to their efficiency within the 2019 Lok Sabha polls and has given person hearings to NCP and CPI, two of the 8 recognised nationwide events.
EC assets mentioned TMC was once also known as. When requested whether or not he had represented his birthday party earlier than the EC on Thursday, TMC MP Sukhendu Shekar Ray spoke back within the detrimental.
The fee has additionally heard six recognised state events according to paras 6A, B and C of the Election Image (Reservation and Allotment) Order, 1968. The paragraphs care for standards for events to get nationwide or state birthday party standing.googletag.cmd.push(serve as() googletag.show(‘div-gpt-ad-8052921-2’); );
After the 2019 parliamentary polls, the EC had issued notices to TMC, CPI and NCP, asking why their standing must no longer be downgraded according to the result of the overall election. Then again, the method may just no longer transfer ahead because of the pandemic. In November closing yr, the ballot panel revived the method.
On Tuesday, it heard the reaction of the Nationalist Congress Birthday celebration and the CPI.
“This can be a regimen workout. We gave a written illustration to EC explaining that we’re the oldest political birthday party and feature been participating in parliamentary democracy, shaped executive by itself in Kerala and feature been a part of many coalition governments,” CPI normal secretary D Raja mentioned.
An NCP consultant had submitted main points to EC officers. A senior birthday party chief described the attention as a “regimen topic”.
“It’s an ongoing procedure this is performed after each election. Issues may have modified for some events after the new meeting polls in 3 states. After Karnataka polls, issues may just exchange for different events,” defined a birthday party functionary. Previous, the Election Fee heard six state events to hunt their perspectives at the notices.
Those are Bharat Rashtra Samithi, Mizoram Peoples Convention, Rashtriya Lok Dal, Other people’s Democratic Alliance, Pattali Makkal Katchi and Progressive Socialist Birthday celebration.
A recognised nationwide birthday party can contest on all Lok Sabha and meeting seats on its image. It additionally will get to box extra megastar campaigners for electioneering.
BJP, BSP, CPI, CPI-M, Congress, TMC, NCP and Nationwide Other people’s Birthday celebration are the 8 recognised nationwide events. There are over 50 recognised state events.
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CPI accuses EC of ‘overstretching’ its constitutional mandate
Through PTI
NEW DELHI: The CPI has written to the Election Fee alleging that the ballot frame has “over-stretched” its constitutional mandate by way of asking political events to subscribe to a standardised election proforma whilst making guarantees.
The letter, written by way of birthday celebration normal secretary D Raja, states that the letter from the Election Fee of India (ECI) on that is an “encroachment” upon the powers of the Parliament and political events.
“It’s with nice fear that our birthday celebration responds to the letter below reference from ECI. What considerations me is the plain overstretch of ECI’s mandate by way of asking political events to subscribe to a standardised disclosure proforma whilst making guarantees,” Raja stated.
He stated other political events move to other folks in search of votes on other pretext, and that issues of coverage and spendings are other as more than a few political outfits have numerous priorities.
“As to the allegations that making guarantees to other folks is being fiscally accountable, it should be understood that political events with other ideologies view fiscal sources very in a different way,” he stated.
ALSO READ | Large query mark over Election Fee’s equity in previous couple of years: Prashant Bhushan
The Left chief added that the EC must no longer prohibit political events in attaining the electorate with the time table they need to pursue.
Following up on ballot guarantees and being important of the incumbent is the activity of opposition events and it must be perfect left to them, he argued.
“Changing its stand from what used to be submitted to the Best Courtroom, the ECI’s letter has reached political events at a time when there’s a debate happening round freebies and the Top Minister has known as them ‘revadis’ and that they’re being very unhealthy for the rustic.
“I wish to imagine that the ECI’s timing has not anything to do with the perspectives expressed by way of the Top Minister,” Raja mentioned within the letter.
NEW DELHI: The CPI has written to the Election Fee alleging that the ballot frame has “over-stretched” its constitutional mandate by way of asking political events to subscribe to a standardised election proforma whilst making guarantees.
The letter, written by way of birthday celebration normal secretary D Raja, states that the letter from the Election Fee of India (ECI) on that is an “encroachment” upon the powers of the Parliament and political events.
“It’s with nice fear that our birthday celebration responds to the letter below reference from ECI. What considerations me is the plain overstretch of ECI’s mandate by way of asking political events to subscribe to a standardised disclosure proforma whilst making guarantees,” Raja stated.
He stated other political events move to other folks in search of votes on other pretext, and that issues of coverage and spendings are other as more than a few political outfits have numerous priorities.
“As to the allegations that making guarantees to other folks is being fiscally accountable, it should be understood that political events with other ideologies view fiscal sources very in a different way,” he stated.
ALSO READ | Large query mark over Election Fee’s equity in previous couple of years: Prashant Bhushan
The Left chief added that the EC must no longer prohibit political events in attaining the electorate with the time table they need to pursue.
Following up on ballot guarantees and being important of the incumbent is the activity of opposition events and it must be perfect left to them, he argued.
“Changing its stand from what used to be submitted to the Best Courtroom, the ECI’s letter has reached political events at a time when there’s a debate happening round freebies and the Top Minister has known as them ‘revadis’ and that they’re being very unhealthy for the rustic.
“I wish to imagine that the ECI’s timing has not anything to do with the perspectives expressed by way of the Top Minister,” Raja mentioned within the letter.
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Left cannot be selection at Centre if Congress fails: CPI nationwide secretariat member Binoy Viswam
By way of Specific Information Carrier
KOCHI: Popping out towards the CPM’s stance of now not having any political alliance with the Congress, Rajya Sabha MP and CPI nationwide secretariat member Binoy Viswam mentioned Left events aren’t able to change into another if the grand previous birthday celebration is weakened within the nation.
“If the Congress is weakened, no doubt the RSS and Sangh Parivar outfits would snatch its area within the present state of affairs,” he mentioned on Sunday. Viswam used to be addressing a gathering organised via the Congress’ Ernakulam district unit to commemorate the past due Congress chief PT Thomas.
“Within the present Indian political state of affairs, we, the Leftists, are smartly conscious about the void that can be created if the Congress crumbles sooner than the demanding situations raised via the BJP-RSS outfits. To steer clear of this kind of state of affairs, remembering the ideologies of Nehru, I’m of the view that the Congress will have to now not be weakened,” mentioned Viswam.
The programme used to be attended via senior Congress leaders, together with Opposition chief VD Satheesan, state Congress president Ok Sudhakaran, former Opposition chief Ramesh Chennithala and previous leader minister Oommen Chandy.
His observation assumes importance as CPM leaders from Kerala have strongly objected to an alliance with the Congress in different states claiming that any political alliance with the grand previous birthday celebration will simplest assist the BJP. It’s anticipated that CPM would take a call at the alliance at its birthday celebration congress to be held in Kannur in April.
In December, Leader Minister Pinarayi Vijayan mentioned Congress can’t be an alternative choice to the BJP on the Centre. He additionally made a clarion name for forging a countrywide alliance of secular, like-minded regional events around the nation, except Congress, to struggle the saffron birthday celebration.
“Congress, which is claiming to be an earthly birthday celebration, has followed a coverage of communal appeasement. Congress and BJP have the similar stance on financial insurance policies. One of these Congress can’t change into an alternative choice to BJP,” Pinarayi mentioned, inaugurating the CPM Ernakulam district convention at Kalamassery final month.
Viswam admitted that the political state of affairs in Kerala used to be totally other however he used to be now not able to reply at the factor now. Whilst the CPI state leaders also are towards having vehicles with the Congress, the birthday celebration nationwide leaders are focused on a transfer to release an earthly, democratic selection with the Congress strengthen towards the BJP on the Centre.