New Delhi, Feb 17 (IANS) Gold and silver prices declined for a second consecutive session on Tuesday, as investors analysed mixed US economic data and waited for cues on the US Federal Reserve’s policy path.MCX gold April futures dipped 0.56 per cent to Rs 1,53,889 per 10 grams on an intra-day basis. Meanwhile, MCX silver March futures declined 1.18 per cent to Rs 2,37,064 per kg.Investors remain undecided on whether softer inflation readings will eventually translate into easier monetary poli…
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Hyderabad, Feb 16 (IANS) The Congress government in Telangana captured power in 84 out of 105 municipalities, six out of seven municipal corporations where chairpersons, vice-chairpersons, mayors and deputy mayors were elected on Monday. Though elections were held for 116 municipalities on February 11 and results were declared on February 13, chairpersons and vice-chairpersons could not be elected by newly-elected Councillors in 11 municipalities.Principal Opposition Bharat Rashtra Samithi (BRS)…
Mumbai, Feb 14 (IANS) Gold prices fell almost 1.82 per cent during the week, as investors remain cautious amid huge volatility with the dollar showing occasional bouts of strength.Meanwhile on Friday, MCX gold February futures surged 0.20 per cent while MCX silver March futures added 3.62 per cent. Currently gold futures stand at Rs 1,56,200, while silver futures at Rs 2,44,999 per kg.The price of 10 grams of 24-carat gold was at Rs 1,52,765 on Friday down from Rs 1,55,593 seen on Monday, accord…
Hyderabad, Feb 13 (IANS) Telangana’s ruling Congress party has won nearly 60 per cent of urban local bodies, the results show on Friday night.The Congress party captured power in 64 out of 116 municipalities and three out of seven corporations.Main Opposition Bharat Rashtra Samithi (BRS) bagged 13 municipalities, while Forward Block captured one urban local body.There were no clear winners in 38 municipalities. This triggered camp politics by both Congress and BRS to lure independents and othe…
Hyderabad, Feb 13 (IANS) Bharat Rashtra Samithi (BRS) working president K.T. Rama Rao claimed on Friday that the verdict in municipal elections in Telangana reflects the growing confidence of people in BRS and signals strong public dissatisfaction with the Congress government. He said that despite intense pressure, alleged misuse of money, power, administrative machinery, and intimidation tactics by the ruling party, BRS secured significant victories and emerged as the principal political force …
New Delhi, Feb 13 (IANS) The Consumer Price Index (CPI) is expected to remain below the 4 per cent target level even in newly-introduced CPI series, and will better capture India’s evolving consumption curve and align data for policy decisions with international practices, a report said on Friday.The report from the Bank of Baroda said, “The trajectory of core inflation needs to be closely watched as prices of precious metals pose upside risk. But with fine balancing of weights in the new CPI …
Kolkata, Feb 13 (IANS) The possible seat-sharing arrangement between the CPI(M)-led Left Front and the All India Secular Front (AISF) for the Assembly elections in West Bengal scheduled later this year is caught in the middle of numerical negotiations between the two parties.On one hand, the AISF is not ready to settle below 40 seats of the total of 294 Assembly constituencies in the state. On the other hand, the maximum offer from the CPI(M)-led Left Front is 32.A central committee member of th…
New Delhi, Feb 13 (IANS) As India launched the Consumer Price Index (CPI) series with 2024 as the base year, Chief Economic Advisor (CEA) V. Anantha Nageswaran has said the change better reflects household spending patterns, makes poverty estimates more accurate, adding that the new findings reveal income growth and productivity gains.The new CPI series found rising service consumption, as the share of food in domestic budgets declined and more accurate data will help fiscal and monetary policy …
New Delhi, Feb 12 (IANS) India’s inflation rate based on the Consumer Price Index (CPI), with the new base year 2024, for the month of January this year is estimated at 2.75 per cent compared to the same month of the previous year, according to official data released by the Ministry of Statistics on Thursday.The food inflation came in at 2.13 per cent during the month. Prices of vegetables such as potatoes, onions and garlic declined during January along with the prices of pulses such as arhar…
Kolkata, Feb 12 (IANS) All India Secular Front (AISF) has set a deadline for CPI(M)-led Left Front in West Bengal to spell out the front’s seat-sharing proposals for the Assembly elections this year against the backdrop of the Congress decision to go it alone in the polls.AISF sources said that a message had already been sent to the Left Front, especially to the front leader CPI(M), to spell out the seat-sharing proposal on its part by Sunday, failing which the AISF will start announcing its can…