economy

While the economy is hitting downwards every passing day, the State Bank of India has come up with a new directive that people, who earn less than Rs 50,000 per month, won't be eligible to get car loans from the bank. The gross income…

After gaining 490 points on Wednesday, the BSE Sensex surged further today, thanks to the positive signs in global market and investment sector. The Sensex went up by 100 points in the early trade to reach 20,316.41. The Sensex has…

TNI Bureau: The Central Statistical Organisation (CSO) has portrayed a gloomy picture of Indian Economy, by predicting a lower growth rate this fiscal. The projected growth rate was reduced from 5.5% to 5%. This is the lowest growth…

TNI Bureau: The uncertain economic scenario in India has forced the International Monetary Fund (IMF) has reduced the country's growth to 4.9 percent for 2012. In July, the IMF had predicted 6.1 GDP growth for India. The IMF said that…

TNI Bureau: The Government has approved the 12th Five Year Plan (2012-17) document that seeks to achieve annual average economic growth rate of 8.2 percent. Now, the document will be placed before the National Development Council (NDC),…

TNI Bureau: Hours after the removal of additional taxes on non-subsidised LPG cylinders was announced, the UPA government doubled the cheers by cutting tax on overseas loans taken by local companies, which are struggling to rise in the…

TNI Bureau: The BSE Sensex dropped 208.22 points (1.21 per cent) at 16,950.22 on Monday trading. The metal, reality and capital good were the top losers today. The NSE Nifty was also down today. It was trading at 5,137.45, down 67.65…

TNI Bureau: After four-day gains, Indian rupee fell to 54.62 against US dollar on Wednesday disappointing the investors. The continuous fall of the local currency is not a good sign for the developing country. At 9:50, the rupee was…

TNI Bureau: Despite the Reserve Bank of India's attempt to curb rupee's slide, the domestic currency fell to 57.01 against the US dollar following the announcement of the measures on Monday. Earlier on Monday, the local currency rose by…

TNI Bureau: The Reserve Bank of India (RBI) on Monday announced few measures to boost country's flagging economy by hiking External commercial borrowing limit by $10 billion. The central bank allowed the companies to borrow more from…