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January retail inflation at 2.75% in first print under new data series

NEW DELHI, Feb 12 (Reuters) – Key inflation rate accelerated to 2.75% in January on higher food and precious metal prices, the maiden print under a revised data series showed on Thursday, returning to the RBI’s target band for the first time since August. The new series changes the weighting of key components such as food and housing, while moving the base year to 2024 from 2012 to better capture changes in consumption patterns over the years. Annual retail inflation was at 1.33% in December under the old base year of 2012, government data showed. A Reuters poll had projected

Rupee rises 17 paise to close at 90.61 against US dollar

Mumbai, Feb 12 (PTI) The rupee appreciated 17 paise to settle for the day at 90.61 (provisional) against the US dollar on Thursday, as foreign fund investments lifted investor sentiments. Forex traders said foreign fund inflows, while not massive, provided a psychological anchor. Moreover, the RBI has been quietly ensuring that liquidity remains abundant in the banking system, they said. At the interbank foreign exchange market, the rupee opened at 90.55 against the US dollar, and touched an intraday high of 90.40 and a low of 90.65 during the day. At the end of the trading session on Thursday, the

Govt favouring industrialists over labourers: Opposition in Lok Sabha

New Delhi, Feb 12 (PTI) The opposition on Thursday accused the government of favouring industrialists over workers while drafting the industrial relations code, even snatching away their right to protest for demands. Initiating a discussion on the Industrial Relations Code (Amendment) Bill, Congress member Kodikunnil Suresh said that instead of dialogue, the government has chosen to dominate labourers. Suresh, a former Union Minister of State for Labour, said the strike call given by workers on Thursday was a “warning signal” and reflected the government’s policy failure in dealing with the labour force. “Today’s strike is a warning signal. Central trade

Physical inactivity behind 13 per cent of heart failure cases among diabetics in India: Study

New Delhi, Feb 12 (PTI) Over 13 per cent of heart failure cases among people living with diabetes in India could be linked to physical inactivity, a global study has estimated. The findings, published in the Journal of Sport and Health Science, also show that 9.6 per cent of coronary heart disease and 9.4 per cent of cardiovascular complication cases among people living with diabetes in India could be attributed to lack of physical activity. Globally, one in ten cases of macrovascular (large blood vessel) complications and retinopathy in people with diabetes is due to physical inactivity, researchers said. “Diabetes

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