Chennai, May 21 (IANS) The C. Joseph Vijay-led Tamil Nadu government will undergo its first Cabinet expansion on Thursday, with Congress likely to formally join the ministry in a move aimed at strengthening the ruling coalition and filling several key portfolios that have remained vacant since the government assumed office.The swearing-in ceremony for the new ministers is scheduled to take place at 10 a.m. at the Governor’s residence in Guindy, where Governor Rajendra Vishwanath Arlekar will a…
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New Delhi, May 18 (IANS) Markets will face pressure from rising rates and currency headwinds, impacting rate‑sensitive sectors such as banking, real estate and capital‑intensive industries, a report said on Monday.The report from Systematix Institutional Equities said as wholesale inflation surged in April and the rupee risks breaching Rs 100 and official CPI forecasts will soon touch 6 to 7 per cent.”The latest Rs 3 per litre fuel price hike, following the Prime Minister’s austerity appea…
Chennai, May 17 (IANS) With anticipation building over the announcement of Tamil Nadu’s urban local body elections, the ruling Tamilaga Vettri Kazhagam (TVK) is witnessing an influx of leaders and functionaries from both the Dravida Munnetra Kazhagam (DMK) and the All India Anna Dravida Munnetra Kazhagam (AIADMK), particularly in the western belt of the state.Political observers and party insiders believe the trend reflects changing political calculations following TVK’s rapid rise in the As…
New Delhi, May 14 (IANS) India’s inflation rate based on the wholesale price index (WPI) rose to 8.3 per cent during April, compared to the same month of the previous year, primarily due to an increase in prices of fuels and crude oil amid the Middle East conflict, according to a statement issued by the Ministry of Commerce and Industry on Thursday.The WPI inflation for April was higher than the corresponding figure of 3.88 per cent recorded for March this yearWPI food inflation remained constan…
New Delhi, May 13 (IANS) Historical analysis of oil spikes showed that they do not permanently alter India’s GDP or inflation path and the structural relationships are weak over the long run, a report said on Wednesday.The report from Bank of Baroda said that autoregressive distributed lag model analysis of crude price changes over the last 54 years does not establish any long run relationship between oil prices, GDP, CPI (Consumer Price Index) and WPI (Wholesale Price Index).Over the past 54 …
Chennai, May 13 (IANS) In a major embarrassment for the newly formed Tamilaga Vettri Kazhagam (TVK) government, the appointment of Chief Minister C. Joseph Vijay’s personal astrologer, Rickey Radhan Pandit Vettrivel, as Officer on Special Duty (OSD-Political) to the CM, was revoked on Wednesday, soon after the government won the trust vote in the Tamil Nadu Assembly. The decision followed intense criticism from opposition parties, social media users and even allies within the ruling coalition,…
Chennai, May 13 (IANS) Tamil Nadu Chief Minister C. Joseph Vijay on Wednesday moved the confidence motion in the state Assembly, seeking to prove the majority of his newly formed Tamilaga Vettri Kazhagam (TVK)-led government amid dramatic political developments and growing divisions within the AIADMK. Soon after the motion was introduced on the floor of the House, MLAs belonging to the Congress Legislature Party and the CPI, CPI(M) formally extended their support to the Vijay-led administration,…
Chennai, May 13 (IANS) The Tamilaga Vettri Kazhagam (TVK)-led government headed by Chief Minister C. Joseph Vijay is set to face a crucial trust vote in the Tamil Nadu Legislative Assembly on Wednesday, with the ruling alliance appearing comfortably placed to prove its majority amid growing divisions within the AIADMK.In the recently concluded Assembly elections, Vijay-led TVK emerged as the single largest party by winning 108 seats in the 234-member Assembly. However, the party fell short of th…
New Delhi, May 12 (IANS) Communist Party of India (CPI) Rajya Sabha MP, P. Sandosh Kumar, on Tuesday condemned the Union government and the National Testing Agency (NTA) over the cancellation of the NEET UG 2026 examination due to a paper leak. Sandosh Kumar said that the development has pushed lakhs of students into uncertainty and distress.”The repeated paper leaks, exam scams and cancellations have completely exposed the collapse of the examination system under this regime. Students who prepa…
New Delhi, May 12 (IANS) The moderate jump in inflation in April reflects relatively stable price conditions across several core consumption categories, particularly transport, industry leaders said on Tuesday.However, food price pressures remain elevated in select commodities, indicating the continued importance of supply-side monitoring, said PHDCCI.“Among major commodity groups, transport inflation remained subdued at near-zero levels as Government has not increased retail pump prices despi…