India’s retail inflation rises to 4-month high of 5.08% as kitchen items become costlier

Agencies
July 12, 2024

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New Delhi: Retail inflation increased to 5.08 per cent in June as kitchen items became dearer, according to government data released on Friday.

The Consumer Price Index (CPI) based retail inflation was 4.8 per cent in May 2024 and 4.87 per cent in June 2023 (previous low).

Inflation in the food basket was 9.36 per cent in June, up from 8.69 per cent in May, according to the data released by the National Statistical Office (NSO).

The government has tasked the Reserve Bank of India (RBI) to ensure that the CPI inflation remains at 4 per cent with a margin of 2 per cent on either side.

The RBI projected the CPI inflation for 2024-25 at 4.5 per cent, with Q1 at 4.9 per cent, Q2 at 3.8 per cent, Q3 at 4.6 per cent, and Q4 at 4.5 per cent.

The central bank mainly factors in the retail inflation while deciding its bi-monthly monetary policy.

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News Network
December 8,2024

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The Israeli regime forces have launched a foray into Syrian soil and entered the southwestern city of Quneitra near the Israeli-occupied Golan Heights after militant groups took control of the Arab country.

The Israeli media reported on Sunday that the regime’s tanks had entered Quneitra on the border of the occupied Golan following heavy shelling of surrounding areas.

“Israeli forces pushed into the buffer zone in the Quneitra area, and launched artillery shelling in the area,” the website of the Times of Israel newspaper said.

The regime’s media also reported the entry of Israeli tanks into Khan Arnabeh, which is to the northeast of Quneitra and five kilometers from the border of the occupied Golan.

Quneitra is within the so-called buffer zone established in 1974 between the occupied Golan and Syria, but Khan Arnabeh is beyond that and the regime’s forces are not allowed to enter.

The resistance media confirmed reports of the Israeli aggression and said the development took place after the regime increased its deployment in the occupied Golan ahead of the fall of Syrian President Bashar al-Assad’s government in Damascus.

Local reports said schools were canceled in four settlements in the occupied Golan due to the “security situation,” adding that the Israeli military had set up checkpoints in the area.

At least four airstrikes targeted the Quneitra countryside after the Israeli tanks entered the area.

The occupation forces were also reported to be digging a large trench on the Syrian border and have destroyed what they claim are weapons depots.

The Israeli occupation army declared that in light of the developments in Syria, it had deployed forces to key areas along the border to ensure the security of the Israeli settlements in the occupied Golan Heights.

Israel’s opposition leader Yair Lapid also said, “In light of the developments in Syria, it is more important than ever to form a strong regional alliance with Saudi Arabia and the Abraham Accords countries to confront regional instability together.”

Earlier in the day, the armed Syrian opposition groups raided the capital Damascus, and took control of the city’s radio and television station as well as major military and security centers.

The armed groups, led by Hay’at Tahrir al-Sham (HTS) militants, announced that they had fully captured the Syrian capital and confirmed reports of the fall of the Assad government.

HTS leader Ahmed al-Shar’a, known as Abu Mohammad al-Jolani, has called on Syrian people not to get close to government institutes and organizations until an official transfer of power takes place under the supervision of the prime minister.

Syrian Prime Minister Mohammed Ghazi Jalali said the government was ready to “extend its hand” to the opposition and hand over its functions to a transitional government.

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News Network
December 23,2024

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The Israeli military has completely destroyed 70 percent of buildings in the Jabalia refugee camp as the occupying regime continues with its deadly aggression against northern Gaza. 

Amos Harel, a military affairs analyst, wrote in the Israeli daily Haaretz on Sunday that the Jabalia refugee camp has become a “ghost town” amid Israel’s deadly offensive in the area.

“As far as the eye can see lie miles and miles of destroyed homes. It's hard to look away from the devastated remains of Jabalia's refugee camp in northern Gaza,” Harel said.

“I could see that even the few buildings that are still standing were badly damaged,” he added.

Harel went on to say that the Israeli military has operated in the area twice before, but this time the camp was torn down.

“Jabalia has become a ghost town. Outside, you mainly see pack after pack of stray dogs roaming around and hunting for scraps of food,” he said.

The Israeli regime dispatched tanks again to northern Gaza last month in what it said was aimed at combating members of the Palestinian resistance movement launching retaliatory strikes, and preventing them from regrouping.

The towns of Beit Lahiya, Beit Hanoun and Jabalia have been besieged for more than 40 days, without food, water, medicine, or aid, and under constant bombing, shelling, and drone attacks.

Israel launched the war on Gaza on October 7, 2023, after Hamas-led resistance groups waged the surprise Operation al-Aqsa Flood against the occupying entity in response to its decades-long campaign of devastation against Palestinians.

The regime’s bloody onslaught on Gaza has so far killed 45,227 Palestinians, mostly women and children, and injured 107,573 others. Thousands more are also missing and presumed dead under rubble.

The Tel Aviv regime has also imposed a “complete siege” on the territory, cutting off fuel, electricity, food and water to the more than two million Palestinians living there.

Separately on Sunday, the Ezzedine al-Qassam Brigades, the armed wing of Hamas, said its fighters hit a group of nine Israeli soldiers who had taken refuge inside a house in the west of the Jabalia refugee camp.

It made the remarks in a statement on Telegram, noting that several Israeli forces were killed and wounded in the attack which was carried out with a TBG (thermobaric) rocket.

Qassam Brigades further noted that its fighters had killed an Israeli soldier from a long distance in the central area of the Jabalia camp.

Qassam Brigades has been daily carrying out military operations against the Israeli occupation forces since October 7 last year.

On Thursday, Qassam Brigades said its fighters stabbed at close range an Israeli officer and three soldiers at the Jabalia refugee camp, resulting in their deaths.

The retaliatory operation came following another attack on Wednesday, when Hamas fighters killed five Israeli soldiers in central Jabalia, also at close range.

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News Network
December 12,2024

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Angry BJP lawmakers stormed Assembly Speaker U T Khader’s chambers at the Suvarna Vidhana Soudha, escalating tensions after the ruling Congress turned the tables on the saffron party over the Panchamasali Lingayat community’s reservation issue.

The friction began when Congress MLA Vijayanand Kashappanavar, a Panchamasali Lingayat, was allowed to criticise the Basavaraj Bommai-led BJP government’s controversial decision to scrap the 4 per cent Muslim quota, reallocating it equally to Lingayats and Vokkaligas. Kashappanavar slammed the BJP’s move, accusing it of being a mere election gimmick.

“The previous BJP government created two new reservation categories, 2C for Vokkaligas and 2D for Lingayats, just before the 2023 Assembly elections,” Kashappanavar said. “When challenged in the Supreme Court, the BJP government admitted it would not implement the decision. They announced it for votes but backtracked in court, misleading Panchamasali seer Basava Jaya Mrityunjaya Swami.”

Adding fuel to the fire, Kashappanavar alleged that RSS members had incited violence during a protest for enhanced Panchamasali Lingayat reservation. This claim enraged BJP lawmakers, who demanded the comment be expunged. However, Speaker Khader permitted Revenue Minister Krishna Byre Gowda to read aloud the BJP government’s affidavit to the Supreme Court.

“If the Panchamasali Lingayat community has faced injustice, it is because of the BJP,” Gowda declared, sparking further protests from the opposition. BJP leaders accused Khader of being “one-sided” and disregarding a point of order raised by BJP MLA V Sunil Kumar.

When Khader adjourned the session for lunch, the confrontation boiled over. Opposition Leader R Ashoka, BJP state president B Y Vijayendra, MLAs Dr C N Ashwath Narayan, Sunil Kumar, and others barged into Khader’s chambers. Chaos ensued as shouting and hollering echoed through the halls, prompting marshalls to intervene.

“The Speaker was warned that if he continued behaving this way, we would boycott the session,” Narayan stated afterward.

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