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
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
RICHMOND, Virginia: U.S. Federal Reserve officials took little fresh signal from consumer price data published on Thursday as they gauge whether inflation is headed firmly enough back to the central bank’s 2% target to allow them to reduce interest rates in coming months. Overall consumer price inflation on a 12-month basis rose to 3.4% in … Read more
Ending the weeks long suspense, the Congress party has finally allotted Kothagudem Assembly seat in old Khammam district to the Communist Party of India (CPI). A decision to this effect was taken after the TPCC chief A. Revanth Reddy met the CPI leaders including the State Secretary Kunamneni Sambasiva Rao in latter’s office on Monday. … Read more
The Reserve Bank of India (RBI) may extend the temporary incremental cash reserve ratio (CRR) it imposed on banks last week as the monetary authority is seen training its sights on liquidity management to tackle inflation rather than lifting benchmark policy rates to tame wild jumps in food prices. Consumer Price Index (CPI) inflation surged … Read more
The Communist Party of India State secretary K. Ramakrishna addressing a press conference in Anantapur on Tuesday. | Photo Credit: R.V.S Prasad Communist Party of India (CPI) and the Communist Party of India (Marxist) (CPI(M)) here on Tuesday gave the “BJP Hatao – Desh Ko Bachao” call to the people. CPI State secretary K. Ramakrishna … Read more
Leaders and cadre of Communist Party of India and Communist Party of India (Marxist) on Saturday led demonstrations and rallies titled ‘Go back Modi’, protesting against Prime Minister Narendra Modi’s visit to Hyderabad. They said the visit was part of the political drama to further mislead people. The parties alleged that the BJP-led Centre under … Read more
Representational image only. | Photo Credit: AP Communist Party of India (CPI) MP P. Santosh Kumar on April 5 gave a Zero-Hour Notice in Rajya Sabha demanding that the government provide Statehood to the Union Territory of Puducherry. Meanwhile, BJP MP Harnath Singh Yadav also gave a Zero-Hour Notice in Rajya Sabha over damage caused … Read more
The top functionaries of the ruling YSR Congress (YSRCP), the opposition Telugu Desam Party (TDP) and CPI engaged in a war of words over claims of development in the State. With TDP general secretary Nara Lokesh criticising the State government over the lack of development during his Yuva Galam walkathon, Member of Parliament (Rajampeta) P.V. … Read more
Aleida Guevara, daughter of Cuban Marxist revolutionary leader Che Guevara, being felicitated by CPI leaders at the party office in Hyderabad on Sunday. | Photo Credit: RAMAKRISHNA G. Che Guevara should be remembered not just through T-shirts or posters but as a person whose ideology changed the world, said Aleida Guevara, daughter of Argentine Marxist revolutionary … Read more