The Government will keep the fiscal deficit below 4.8 per cent in 2013-14, Finance Minister P Chidambaram has said while addressing The Economist magazine’s India Summit in Delhi on Wednesday. The Finance Minister said it was more important to control the Cu...
The BJP demands Prime Minister Manmohan Singh's resignation in connection with the JPC report on 2G scam saying there is no question of the PM getting a clean chit in the multi-crore scam.
The Parliament, which reconvenes today, is likely to witness dramatic scenes as the NDA and the Left are planning to corner the government over the issues of JPC draft on 2G which exonerated Prime Minister Manmohan Singh and Finance Minister P Chidambaram and ...
The Parliament, which reconvenes today, is likely to witness dramatic scenes as the NDA and the Left are planning to corner the government over the issues of JPC draft on 2G which exonerated Prime Minister Manmohan Singh and Finance Minister P Chidambaram and ...
BJP has questioned the JPC report on 2G scam which gave clean chit to Prime Minister Manmohan Singh and Finance Minister P Chidambaram and has asked all the NDA allies to reject the report. The NDA has decided to oppose the JPC draft when it comes up in Parlia...
Kerala Finance Minister KM Mani asks his party activists, the Kerala Congress (M) members, to refrain from making controversial statements. He also requests his party members to exercise restraint when making comments or statements about their party and other ...
Miffed after she and her ministers were manhandled by SFI activists in the national capital, West Bengal Chief Minister Mamata Banerjee has decided to cancel her appointment with Finance Minister P Chidambaram. The TMC chief, who has appealed to her cadre not ...
West Bengal Chief Minister Mamata Banerjee, who was heckled by SFI activists in the national capital, has cancelled her appointment with Finance Minister P Chidambaram. The West Bengal CM is set to return to her state in the afternoon.
Hours after the TMC activists went on a rampage, ransacking the CPIM offices and attacking the Left members over the assault on West Bengal Chief Minister Mamata Banerjee and the state Fiance Minister Amit Mitra, the party holds a silent protest in the state. ...
Trinamool Congress has called for a statewide bandh in protest against the heckling and manhandling of West Bengal Chief Minister Mamata Banerjee and the state Finance Minister Amit Mitra by Left cadre in the national capital. TMC had unleashed fury in the sta...
West Bengal CM Mamata Banerjee was today greeted by SFI protesters when she arrived at Yojna Bhavan in Delhi to meet Planning Commission deputy chairman Montek Singh Ahluwalia. Left leaders were protesting student leader Sudipta Gupta's death. Following the pr...
A very angry Mamata Banerjee has a heated argument with Montek Singh Ahluwalia and Rajiv Shukla on why SFI protests were allowed outside the Planning Commission in Delhi. The West Bengal CM is on a five-day visit to the capital and was at the Yojna Bhavan to m...
Kerala Finance Minister KM Mani says that the remark by KPCC president Ramesh Chennithala that the allies are tarnishing the image of the government is not aimed at Kerala Congress(M). Further on he asks Chennithala to clarify his remark.
Finance Minister P Chidambaram condemns DMK and AIADMK for passing comments about how the Congress does not care for the Tamils. Ahead of BR Ambedkar's birthday celebrations, the minister addressing the Congress' general body meeting, said that ever since Raji...
Finance Minister P Chidambaram is the latest one to join the Third Front debate by ruling out its possible emergence ahead of the 2014 general elections. His colleagues at the Union Cabinet as well as the BJP too are of the same opinion although the confidence...
Information and broadcasting minister Manish Tewari, reacting to Yashwant Sinha's demand that Prime Minister Manmohan Singh should depose in front of the Joint Parliamentary Committee in the 2G spectrum allocation scam, says that it would be more appropriate i...
It is not just the railway tickets that are set to cost more, keeping in mind, Finance Minister, Chidambaram's budget, eating out at an AC restaurant or buying a smart phone above Rs 2000 will become more expensive. Along with smart phones, buying a luxury car...
Finance Ministers of Brazil, Russia, India, China and South Africa will decide up on the setting up of BRICS developmental bank at the BRICS Summit which will conclude today.
The BRICS nations; Brazil, Russia, India, China and South Africa have agreed upon setting up of the developmental bank. Finance Ministers of the five member nations had held a meet regarding the issue yesterday. The BRICS nations have decided to collect Rs.5,0...
CBI has registered a case against MK Stalin's son for illegally importing a car reportedly worth Rs 20 crore. Finance Minister P Chidambaram has expressed his displeasure over the raid saying that the raid could possibly be misunderstood. Stalin has termed the...
The Finance Minister, P Chidambaram, strongly condemns the CBI raid at DMK chief's son, MK Stalin's house today. He said that he has conveyed his feelings about the raid to the concerned ministry and also added that the timing of the raid was bad as the people...
Finance Minister Chidambaram expresses his displeasure at the CBI raid at DMK leader MK Stalin's residence in Chennai. He says that he normally doesn't interfere with the working of other ministries but this time around he spoke to the concerned minister and e...
Even as India gears up to vote over the Sri Lankan war crimes issue, DMK, which pulled the plug on the UPA alliance over the government's indecisiveness on the issue, appears to be paying the price for its decision to pullout as the CBI has carried out raid at...
DMK withdraws its support from the UPA government over the Sri Lankan issue, but in a statement, DMK has said that the party would give the government time till March 25th. If the government agrees to its demands, it will return to the coalition. In a statemen...
This is the second part of the Budget speech of Finance Minister Anam Ramnarayana Reddy. His statement on power situation was interrupted by the Opposition which said that the government had failed to resolve the shortage.
Ahead of the crucial vote at the UNHRC over the war crimes committed by Sri Lanka, pressure is mounting on the UPA government to spell its strategy as the biggest ally of the government, DMK, has asked the government to make its stand clear on the issue. While...
After his successful rally in Delhi, Bihar Chief Minister Nitish Kumar is set to meet Prime Minister Manmohan Singh and Finance Minister P Chidambaram to press for the demand to grant special status to Bihar. The meet is seen by political pundits as JDU's atte...
Bihar Chief Minister Nitish Kumar, while addressing the JDU supporters at the 'Adhikar rally', has appreciated Congress, Prime Minister Manmohan Singh and Finance Minister P Chidambaram. Is Bihar CM hinting at a possible alliance with the UPA?
Although Union Finance Minister P Chidambaram hinted at a possible vote against Sri Lanka at the United Nations Human Rights Council (UNHRC), the government seems to be sending across a different message. India issues a statement, complementing Sri Lanka for ...
Union Finance Minister P Chidambaram hints at a possible vote against Sri Lanka at the United Nations Human Rights Council (UNHRC) over the war crimes committed against Tamils. The Finance Minister, however, has chosen his words rather carefully as he has said...
Kerala finance minister KM Mani presents the budget for fiscal year 2013, with an eye on the elections. The Congress-led UDF government's budget is mostly people-friendly as the budget increases the social pensions, raises the retirement age and offers several...
Kerala finance minister KM Mani presents the state budget for fiscal year 2013-14. In this segment, Mani announces the budget allocation to boost cashew production in the state. He also allocates funds to use plastic in road-tarring, to reduce the plastic litt...
Kerala finance minister KM Mani presents the state budget for fiscal year 2013-14. In this segment he talks about the budget allocation for agriculture, welfare schemes, research and other grants provided by the state government. Also featuring state pension a...
Kerala finance minister KM Mani presents the state budget for fiscal year 2013-14 amidst strong protests from the Opposition. The state Assembly budget session began today with Opposition leader VS Achuthanandan making his displeasure known about chief governm...
Finance Minister KM Mani is gearing up to present his 11th Budget in the Kerala Assembly. KM Mani becomes loquacious when he starts speaking about people in his constituency, Palai. Mani says he can never forget people of Palai who have always elected him as t...
Kerala Finance Minister KM Mani is all set to present the Budget for the state tomorrow. There are indications that the Finance Minister will present a budget that is farmer-friendly and women-friendly.
The union cabinet is set to take up the Criminal Law (Amendment) Bill for discussion today after the Group of Ministers led by Finance Minister Chidambaram gave its nod to the bill. One of the key proposals in the bill is lowering the age for consensual sex fr...
The promise made by the government that it will take the necessary steps to end the crisis faced by paddy farmers has failed to take off. Finance Minister KM Mani had assured that the government is planning for a project to end the troubles faced by farmers. H...
Following the union cabinet's failure to arrive at a consensus over the Criminal Law (Amendment) Bill, the Group of Ministers (GoM), headed by Finance Minister P Chidambaram is set to meet to frame the required changes in the bill for cabinet approval.
Gujarat Chief Minister Narendra Modi, who is all set to address the party leaders and cadre, is expected to target the Congress-led UPA government in the wake of the Budget 2013 that was presented by Finance Minister P Chidambaram a few days ago. This certainl...
A day after presenting the union budget, in an interview, finance minister P Chidambaram says he is doing what is right and his policies are the basic essentials to restart growth. He adds that Congress stands by reforms.
Centre Stage | Former Finance Minister in the NDA government, Yashwant Sinha believes that the 'Robin Hood' budget presented by Chidambaram is nothing special as this was all he could do with the limited resources at his disposal. According to Congress, the Fi...
Giving his views on Budget 2013, Infosys founder Narayana Murthy, says that there are both good and bad aspects to the budget. He says the FM has made life better for the poor, however he does not give much clarity on attracting FDI. BJP leader Yashwant Sinha ...
Addressing the media after presenting his eighth Union Budget in the Parliament, Finance Minister P Chidambaram gives the big picture on his budget and responds to queries. He says that budget numbers are absolutely credible and adds that the economy is on a p...
Peter Elston of Aberdeen Asset Management and Dinesh Kanabar of KPMG discuss the tax proposals, clarity on GAAR and tax residency certificates for those routing money through Mauritius. According to Elston, any change in regulations of foreign investment in In...
Reacting to the Union Budget 2013, presented by Finance Minister P Chidambaram, Prime Minister Manmohan Singh says that he hopes that the Budget sends across positive vibes to different sections of people. Further on the PM says the focus is, more than anythin...
Union Minister P Chidambaram recalls his last tenure as Finance Minister and expresses gratitude for the support he received from the House and the people of India. As he presented the budget for the next fiscal, he sought the same support to navigate the coun...
Finance Minister P Chidambaram presents the UPA government's final budget before the polls in the Parliament today. Much has been speculated about the government's budget for 2013-14. Here's the moment of truth.
In this part of Finance Minister P Chidambaram's Budget 2013 speech, he speaks on funds allocation for strengthening the inland waterways, building the Sagar port in West Bengal and new policy changes for coal import, package for restructuring DISCOMS and also...
In the third part of Finance Minister P Chidambaram's Budget 2013 speech, he speaks on funds allocation for women, health and family welfare, and medical education.
Finance Minister P Chidambaram presents India's 82nd budget in the Lok Sabha, amid concerns over the slowdown in the country's growth. The minister said that getting back to high growth rates of 8-9 per cent is the main challenge before the country. However, h...
Finance Minister P Chidambaram, who is all set to present Union Budget 2013, is under immense pressure as he has to present a Budget that is populist as well as reformist. Will economic pragmatism prevail over appeasement politics? President of Federation of I...
Expectations are sky high as Finance Minister P Chidambaram is all set to present the Union Budget 2013. What are the markets expecting from the Finance Minister? What awaits the tax payers in Union Budget 2013? Co-chairman and managing director of Jubilant Ha...
Finance Minister P Chidambaram has started from his residence to head first to the Rashtrapati Bhavan and then to the Parliament. The visit to the President is part of protocol to hand over a copy of the Budget 2013 to him. Chidambaram will be presenting his 8...
Finance Minister P Chidambaram is under immense pressure as he is all set to present the Union Budget 2013 as this is the last Budget before the general elections. There is a need to dole out populist goodies as well as to take stern measures to put India's ec...
Finance Minister P Chidambaram will be presenting his eight Union Budget in a short while from now. The Union Budget 2013 will be the toughest budget for him as it will be followed by the 2014 Elections. He will have to be careful while formulating the budget,...
Much is expected of Finance Minister P Chidambaram as he is all set to present Budget 2013 which is significant from both economic and political points of view. The pressure to dole out goodies is strong as the general elections are near and so is the need to ...
A reformist yet populist Budget is expected from Finance Minister P Chidambaram as he getting ready to present the Union Budget 2013 in Parliament. One of the major challenges that the Finance Minister faces is balancing growth and deficit. Economic and Politi...
The task cut out for Finance Minister P Chidambaram is a tough one as the Budget 2013 is about economy as well as politics. The Finance Minister will have to balance between reviving India's economy and ensuring UPA's political future. What are Finance Ministe...
The Union Finance Minister P Chidambaram is all set to present the budget today. It is expected that the budget will aim at arresting inflation and price rise. The budget will look to balance growth constraints and fiscal prudence with election year politics.
P Chidambaram will be presenting UPA's last budget before the upcoming 2014 Elections. The budget will be a map of how the economy will pan out for the next one year. This being Chidambaram's eighth budget, all eyes will be on the Finance Minister. The informa...
Finance Minister P Chidambaram is all set to present Budget 2013 which will have impact on India's economy as well as UPA's political future. Finance Minister faces the challenge of reviving growth without increasing fiscal deficit, increasing revenue without ...
Amid chaos in Parliament, Finance Minister P Chidambaram answers questions on diesel prices. He says the Ministry is looking into the possibility of selling diesel at two different rates in retail outlets, based on consumers' financial situation.
It is going to be a tough budget for the Finance Minister P Chidambaram as several problems like the looming fiscal deficit, and the industry growth being at a decade low, are plaguing the nation. Any radical steps or tightening measures would only be frowned ...
Budget 2013 is pretty much what everyone talks about these days. Will the pre-election budget be a populist one? Will P Chidambaram bring about some tightening measures to bring the fiscal deficit under control? Will India come back on track in a year? Global ...
The Finance Minister P Chidambaram announces that he will table a 'responsible' budget this year. Does this mean he will not do anything much to help the fiscal deficit? Will the budget this year be a non-event? Experts from the stock market analyse.
The Power Minister Aryadan Muhammed rules out privatisation of the power sector, in a reply to an adjournment motion moved by the Opposition demanding a discussion on privatisation. The minister made it clear that the central government has not asked for priva...
Scenes from Sharmas' residence show a distraught father and husband, a man who first lost his daughter Geetika six months ago, and then last night, his wife Anuradha. Dinesh Sharma, the bereaved father and husband, curses and swears at Gopal Kanda – the man ...
In the wake of intensifying economic woes around the world, economic ministers and financial heads of the central banks from Group of 20 countries will meet today in Moscow. While Russia sees it as a launchpad to the G20 summit to be held in September 2013, th...
The government has no plans to privatize Water Authority, says PJ Joseph, Minister for Water Resources. The Finance Minister, KM Mani, informed the Assembly that the state's economy is strong and the government saw an increase in revenues this year as compared...
Tamil Nadu Finance Minister O Panneerselvam's comments that natural death of farmers were wrongly being reported as suicides, have drawn criticism from all sides. The farmers in Cauvery delta have condemned the comment and demanded adequate compensation for th...
Finance Minister, P Chidambaram along with his colleague Manish Tewari, addressed the media regarding the revision in the rape laws and stricter punishment for rapists. In their address, they also thanked Justice Verma Committee who came up the report in recor...
The Finance Minister KM Mani holds pre-budget discussions on Wednesday. KM Mani briefed the specialities of the annual budget to be presented next month, which he said would highlight the development needs of the State. The meeting was attended by various gove...
BJP has stepped up its agitation against the Centre over the issue of Telanagana. A day after the UPA government hinted that it would need more time to find a solution to the Telanagana separate statehood, BJP national president Rajnath Singh says the Prime Mi...
Activists in support for Telanagana statehood intensify their protests in Andhra Pradesh and say that the Centre has betrayed their trust. The Congress-led UPA government had set a deadline for itself for today to find a resolution for the decades long issue. ...
During his visit to Germany,the Greek opposition leader Alexis Tsipras spoke of a humanitarian crisis in his country being caused by the austerity measures imposed upon it. Germany's Finance Minister Wolfgang Schaeuble on Monday urged Tsipras to support auster...
Finance Minister P Chidambaram has revealed that the cabinet meet has approved the revised cost estimate for reconstruction and completion of the Salma Dam project.
At a press conference, Union finance minister P Chidambaram announced a list of schemes to be undertaken by the Centre before the announcement of Budget 2013-14. Asides from the changes in the populist schemes such as Indira Nivas Yojayana, he also announced g...
The State government has difference of opinion with the Finance Commission regarding terms of references for tax share for states, says finance minister KM Mani. The issue will be discussed in the cabinet. KM Mani said that if the 14th finance commission keeps...
Finance Minister P Chidambaram will begin pre-budget consultations with various stakeholders starting today. The series of meeting will kick-start with a meeting with the agriculturalists and will be followed by a string of interactions with industry captains,...
After days of harping for a special session of the Parliament, by the BJP, the Finance Minister P Chidambaram has finally hinted at the proposal positively. However, he also added that decision on the special session would be taken only after the Justice Verma...
While the BJP has been crying hoarse about a special session in the Parliament for passing a stronger law against rape, the government continues to be non-committal about it. Finance Minister P Chidambaram said that the special session will be for passing amen...
BJP won the Gujarat Elections with a landslide margin. According to Congress, their candidate Sweta Bhatt put up a tough fight against Modi in his home constituency, Maninagar. But that wasn't the ground reality, where in fact he won by over 80,000 votes. In h...
Finance Minister P Chidambaram says that even though the BJP has won in Gujarat, if you look at the numbers, you realize that the base of BJP has shrunk, while the Congress numbers have grown. So, he says that it is the message of the Congress that has reached...
In one of the most bizarre comments post counting in Gujarat Assembly elections, Finance Minister Chidambaram has said that Congress party are the clear winners in both Himachal Pradesh and Gujarat. While the statement may hold true for Himachal, it is illogic...
Oil Minister Veerappa Moily has given indications of a possible hike in the cap on LPG cylinders. Moily has said that the Union Cabinet will take a final decision on raising the LPG cylinder cap. There are indications that nine subsidized LPG cylinders will be...
As expected, UPA has won the vote on FDI in retail in the Upper House too with the assistance of SP that abstained voting and BSP that voted for the government. Reacting to the victory of UPA in the Rajya Sabha, Finance Minister P Chidambaram says that the gov...
Britain is facing almost five more years of austerity. The country's Finance Minister claims that there is no miracle cure for the country's economy. The highly anticipated statement from Chancellor Osborne brought no relief to the public, who are already ange...
Even though the 2014 Lok Sabha Elections are far away, a news report has named P Chidambaram to be in the lead for the post of PM. The finance minister is a new name in the PM race after BJP's Narendra Modi and Samajwadi Party's Mulayam Singh Yadav. However, C...
With the demise of former Prime Minister IK Gujral, India has lost an intellectual and a prolific diplomat. Gujral, who took part in the freedom struggle, entered into politics as a youth leader. Besides being the Prime Minister, he served the nation as a Fina...
Former Prime Minister IK Gujral has breathed his last owing to a multi-organ failure. Gujral, who propounded the 'Gujral Doctrine', has been on ventilator support for the past few months. Apart from being the PM, he also served the country as the Finance Minis...
After cash subsidy, the government is attempting to woo the middle class voters by raising the cap to 9 from 6 LPG gas cylinders. Oil Minister M Veerappa Moily has met Finance Minister P Chidambaram to discuss the issue.
It was the success of two pilot projects that led the UPA government to initiate the cash transfer for subsidy, which will roll out from January 1. This cash subsidy will remove middlemen, target only those needy and will ensure that subsidised amount reaches ...
The launch of the direct cash transfer scheme from January 1 next year will help subsidy cash reach directly into the hands of the beneficiary. Instead of subsidy, cash will be remitted direct into the bank accounts, and 52 schemes have been included initially...
After three years of trial-and-error, the Eurozone's Finance Ministers now claim that they have found the key to saving Greece. Aside from agreeing to handover more bailout cash, the EU also vowed to ease up on non-conditions. However, some economists believe ...