NEW DELHI: Lower weightage of food and beverages in new consumer price inflation (CPI) series may make overall inflation less volatile, leading to monetary policy response to be more focused on aggregate demand pressure, rather than dealing with supply-induced inflation, chief economic advisor (CEA) V Anantha Nageswaran said Thursday. This will help calibrating monetary and…
MUMBAI: Strong selling in IT stocks, led by sector leaders Infosys and TCS, pulled sensex down by 559 points on Thursday to close at 83,675 points, BSE data showed. Nearly 400 points of the index’s fall was contributed by the slide in these two stocks, mainly on the back of questions about the viability of…
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Spot silver advanced 2.1 percent to $76.76 per ounce, recovering after tumbling 11 percent on Wednesday. The US dollar traded largely unchanged against major currencies on Thursday, stabilising following mixed readings from the latest batch of US economic data. A firmer dollar typically makes commodities priced in the greenback costlier for investors using other currencies….
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NEW DELHI: Former chief justice of India BR Gavai told a parliamentary committee on Thursday that the simultaneous elections bill does not violate the basic structure of the Constitution.Becoming the sixth former CJI to appear before the joint committee of Parliament headed by BJP MP PP Chaudhary, Gavai said if the bill is enacted, it…
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