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Economy

Automakers in India demand tax cuts, analysts slash forecasts as sales plummet

September 2, 2019 The TMC Desk Comments Off on Automakers in India demand tax cuts, analysts slash forecasts as sales plummet

India’s passenger vehicles sales are set to fall for a tenth consecutive month in August, forcing analysts to slash their 2019 sales forecasts and strengthening the automakers’ case for tax cuts to boost demand. Sales […]

Economy

India manufacturing growth at 15-month low in August: PMI

September 2, 2019 The TMC Desk Comments Off on India manufacturing growth at 15-month low in August: PMI

Expansion in India’s manufacturing sector hit its slowest in 15 months in August as demand and output grew at their weakest pace in a year and cost pressures increased, a private sector survey showed on […]

Economy

Banks see whopping 73% spike in frauds at Rs 71,543 cr in Financial Year of 2019

July 5, 2019 The TMC Desk Comments Off on Banks see whopping 73% spike in frauds at Rs 71,543 cr in Financial Year of 2019

Banks have reported a massive 73 percent increase in incidents of fraud worth Rs 71,543 crore in FY19, a senior Reserve Bank official said Thursday. Till March 2019, the top five, 10 and 100 cases […]

Economy

Demonetisation was brainchild of PM Modi, RBI’s formal approval came weeks after the move: RTI

March 11, 2019 The TMC Desk Comments Off on Demonetisation was brainchild of PM Modi, RBI’s formal approval came weeks after the move: RTI

The demonetisation of Rs 500 and Rs 1,000 notes on November 8, 2016 that claimed about 100 lives and caused slow economy growth of the country was brainchild of Prime Minister Narendra Modi, and formal […]

Economy

Govt approves Adani Power’s Rs 14,000-crore Jharkhand SEZ project

March 5, 2019 The TMC Desk Comments Off on Govt approves Adani Power’s Rs 14,000-crore Jharkhand SEZ project

The government has approved a Rs 14,000-crore special economic zone (SEZ) project of Adani Power in Jharkhand, which will export entire power generated to Bangladesh, an official said. The project was approved by highest decision-making […]

Economy

India facing economic crisis: Nitin Gadkari

October 4, 2018 The TMC Desk Comments Off on India facing economic crisis: Nitin Gadkari

India is facing an “economic crisis” due to its huge oil imports, Times of India and NDTV quoted Transport Minister Nitin Gadkari on Thursday. He has said this before meeting other ministers to discuss the […]

Economy

Petrol price 9 rupees far to hit century in Mumbai

September 30, 2018 The TMC Desk Comments Off on Petrol price 9 rupees far to hit century in Mumbai

Transport fuel prices continued on the daily record breaking upward movement on Sunday, with petrol inching closer to Rs 91 a litre mark in Mumbai. In the country’s financial capital, petrol costs Rs 90.84 per […]

Economy

ATM operators seek higher ‘interchange rates’, customers may be hit

April 18, 2018 The TMC Desk Comments Off on ATM operators seek higher ‘interchange rates’, customers may be hit

Mumbai (Maharashtra), April 18, 2018 (TMC Desk) Bank customers may be hit as ATM operators have demanded higher “interchange rates” for ATM transactions to enable them to comply with recent stringent RBI guidelines, an industry body […]

Economy

Government banks wrote off Rs 2.42 lakh cr NPAs in 3 years

April 4, 2018 The TMC Desk Comments Off on Government banks wrote off Rs 2.42 lakh cr NPAs in 3 years

New Delhi, April 4, 2018 (TMC Desk) State-run banks have written off nearly Rs 2.42 lakh crore worth of non-performing assets (NPAs), or bad loans, between April 2014 and September 2017, Parliament was told on […]

Economy

Maharashtra farmers protest against agrarian distress

March 10, 2018 The TMC Desk Comments Off on Maharashtra farmers protest against agrarian distress

Mumbai (Maharashtra), March 10, 2018 (TMC Desk) A protest march by 30,000 farmers against the failure of the BJP-led government to address agrarian distress entered Mumbai on Saturday. The march, led by All India Kisan Sabha […]

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