The government is trying to make amends after the Supreme Court made its scathing observations in the coal block allocation scam case. Sources claim that a group of ministers will be set up to determine a mechanism to impart functional autonomy to the CBI. P C...
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 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...
Responding to the clean chit given to Prime Minister Manmohan Singh and Finance Minister P Chidambaram by the JPC in the 2G scam, A Raja says he did everything in consultation with the Prime Minister and he will send a 200-page report to the JPC on Monday to ...
The Joint Parliamentary Committee has given a clean chit to Prime Minister Manmohan Singh and finance minister P Chidambaram in the 2G allocation case. According to the report issued by the JPC, the faulty implementation by the then telecom ministry had led to...
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.
Achil Vandhavai | The demand for the usage of Tamil as the official language of the Madras High Court grows as Law Minister KP Munusamy reads out CM Jayalalithaa's statement at the joint conference of the chief ministers and chief justices of high courts in De...
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...
Finance Minister P Chidambaram announced that the government is unlikely to raise the import tax on gold further to avoid gold smuggling. He also said that the government is likely to introduce inflation-indexed instruments to help curb a record current accoun...
Finance Minister P Chidambaram is planing to meet his Japanese counterpart and institutional investors during his three-day official visit to Japan, as part of his effort to attract foreign investment. Chidambaram will be accompanied by department of economic ...
Opposition can claim credit for whatever they want, but it is the government's diplomatic efforts that have succeeded, states Finance Minister P Chidambaram strongly. He was commenting on the return of the Italian marines to India.
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...
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...
Finance Minister P Chidambaram assures that the Centre is very much aware of the Tamils problems in Sri Lanka and that it is doing all it can to ensure that a fair resolution is passed. He also added that it was very surprising that DMK decided to quit the all...
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The Congress has given DMK chief M Karunanidhi a timely peace offering. India has deferred the defence secretary level talks with Sri Lanka. This decision was unveiled in midst of Karunanidhi-Congress meet. Sources say that the meeting is scheduled for the mon...
The DMK is contemplating to extend only outside support to the UPA. The party wants the government to move amendments to US-sponsored resolution on Sri Lanka. Sources claim that DMK chief M Karunanidhi will be consulting his son Stalin before taking a final de...
Congress sends top leaders like P Chidambaram, AK Antony, and Ghulam Nabi Azad to meet DMK leader Karunanidhi to pacify him and convince him to not quit the coalition. The leader had earlier threatened to do so if India did not vote against Sri Lanka at the UN...
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...
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...
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.
Finance Minister P Chidambaram assures that a special Cabinet meet would be held to discuss the contentious anti-rape law. The Cabinet had to drop the discussion on anti-rape law as the members couldn't decide on whether to bring down the age of sexual consent...
For failing to carry out developmental work in the last 35 years, Sivaganga traders shut down shops. Along with the residents of Sivaganga, they carried out a massive rail roko demanding that the Chennai-Trichy Pallavan train be extended to Manamadurai. Sivaga...
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.
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...
Finance Minister P Chidambaram says the economy grew at 5% and the tax revenues grew at 16.7 %. So if next year the economy grows at 6.1 to 6.7%, there are chances that tax revenues will only increase. And if Rs 18,000 cr additional resource mobilisation is ad...
Janata Dal ( U) leader and Bihar Chief Minister Nitish Kumar says he is happy at the budget 2013 presented today. He said he thanks the FM for in principle agreeing to give special status to Bihar.
The Finance Minister P Chidambaram has today presented his budget in the House. A panel of experts of CII present their views on how the corporate sector views the budget pronouncements. Among those presenting their views are Ankur Bhatia, MD of Bird Group an...
The Finance Minister has presented his budget in the House. A panel of experts discusses the announcements made and the provisions for various sectors he had declared. Here is a reaction from Harshpati Singhania, director of JK Org. He calls it a balanced budg...
The Finance Minister has presented his budget in the House. A panel of experts discusses the announcements made and the provisions for various sectors he had declared. Are the allocation for infrastructure and the industrial corridors adequate?
These are the things that will cost more post the announcements made today in Budget 2013. Here is a sample: SUVs are going to cost more, as also foreign-made bikes, mobiles phones to cost more, as also cigarettes.
The home loan sector was eagerly awaiting Finance Minister P Chidambaram's announcement. Here is what the FM said about the home loans. He said: On the first home loan upto Rs 25 lakhs taken during the period 1.4.2013 to 31.3.2014 (this financial year), the pe...
Samajwadi party chief Mulayam Singh Yadav says the budget won't help the farmers and the rural folk but aid in the development of just 10% of the population.
The Finance Minister has presented his budget in the House. A panel of experts discusses the announcements made and the provisions for various sectors he had declared. What options did P Chidambaram have to ensure overall growth?
Finance Minister P Chidambaram tables the last Budget of UPA II. The Minister generously allotted money to education, HRD, Sarva Shiksha Abhiyan, mid-day meal scheme, and women's safety scheme. Another notable allocation was the Nirbhaya fund, which would work...
Finance Minister P Chidambaram tables the last Budget of the UPA government. This is Chidambaram's eighth budget and the minister allotted generously to the field of education. Catch the full speech here.
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...
This is the last part of the budget speech of P Chidambaram. And finally he quotes Saint Tiruvalluvar. In this part, he speaks on demands for GST, the demands from states for a GST law, and finally tables the Finance Bill in the House.
In this part of Finance Minister P Chidambaram's Budget 2013 speech, he speaks on new taxes proposed on rare minerals, incentives for MRO industry, domestic set top boxes, domestic sericulture, reduction of exemptions on steel and coal industry, custom duty on...
In this part of Finance Minister P Chidambaram's Budget 2013 speech, he speaks on changes in filing of income tax returns, and on service tax, duty on leather good machinery to encourage exports, and export duty on semi-precious stones.
In this part of Finance Minister P Chidambaram's Budget 2013 speech, he speaks on new taxes proposed, both direct and indirect, tax on savings and saving instruments infrastructure bonds, transaction on moveable property, TDS on transfer of moveable property, ...
In this part of Finance Minister P Chidambaram's Budget 2013 speech, he speaks on new taxes proposed, both direct and indirect, income tax slabs, relief to income tax payers, and increase in exemption limit. He also said just 42,800 people in the country have ...
In this part of Finance Minister P Chidambaram's Budget 2013 speech, he speaks on new taxes proposed, both direct and indirect, changes in tax laws, plan and non-plan expenditure, formation of a tax reform administration commission, a national skill developmen...
In this part of Finance Minister P Chidambaram's Budget 2013 speech, he speaks on funds allocation for sports and women, setting up a national coaching centre for women in Patiala, budgetary allocation for women's security and establishment of a Nirbhaya fund.
In this part of Finance Minister P Chidambaram's Budget 2013 speech, he speaks on funds allocation to bridge the viability gap fund for urban bodies who want to convert waste to energy projects, allotment of funds for clean and green energies, national clean e...
What does Finance Minister P Chidambaram have in store for the common man? With the elections round the corner, will he prepare a populist Budget? Or will he announce some radical measures to bring a sagging economy back on track?
In this part of Finance Minister P Chidambaram's Budget 2013 speech, he speaks on funds allocation for rural and urban housing sector, for the national housing bank, reforms in the insurance sector and regulations for insurance companies wanting to open branch...
In this part of Finance Minister P Chidambaram's Budget 2013 speech, he speaks on the budgetary allocations for the textile sector and those engaged in the rural textile sector and for artisans.
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 this part of Finance Minister P Chidambaram's Budget 2013 speech, he speaks on funds allocation for finance sector reforms, tax reforms, SIDBI, funds for NABARD, infrastructure for northeastern states and the warehousing sector.
In this part of Finance Minister P Chidambaram's Budget 2013 speech, he speaks on funds allocation for the agriculture sector, for reducing farmers debts, allocation for water resources and crop diversification, Krishi Vikas Yojana, integrated watershed progra...
In the fifth part of Finance Minister P Chidambaram's Budget 2013 speech, he speaks on funds allocation for Pradhan Mantri Gram Sadak Yojana (PMGSY) and Jawaharlal Nehru Urban Renewal Mission (JNNURM).
In the fourth part of Finance Minister P Chidambaram's Budget 2013 speech, he speaks on funds allocation for child welfare, allocation for Ministry of Rural Development, ICDS, Nalanda University, needs for children and mid-day meals, early childhood care, mate...
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.
This is the second part of Finance Minister P Chidambaram's Budget 2013 speech. Here, he talks about the allocation for the SCs, STs, minorities, and for women and child welfare.
This is the start of the Finance Minister's Budget speech. He takes permission from the Speaker to present the Budget 2013. In this part, he outlines the challenges and priorities.
FM reels out figures on funds allocation for SCs, STs, minorities and women. This is the third part of Finance Minister P Chidambaram's speech where he outlines funds allocated for the weaker sections. This includes Rs 24,598 crores for the tribal sub plan (an...
The second part of Finance Minister P Chidambaram's speech continues with the priorities and challenges before the country's economy. He reels out figures about the GDP and his worry about the current account deficit. He says the CAD is high due to imports of ...
This is the start of the speech by Finance Minister P Chidambaram. He says he intends to keep the speech short. He also reels outs figures related to India's GDP and exports. He says hopefully in the coming year, only China would grow faster than India.
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 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.
All eyes will be today on the Finance Minister. It will be the eight budget for P Chidambaram and the last budget of UPA 2. Here is a look at the importance of this budget, that comes just a few months ahead of the 2014 general elections.
Communist Party of India (CPI) leader D Raja expects that the Union Budget 2013 will not be beneficial to the common man. He says that the Budget announcements will only add to the woes and not attempt to alleviate the already deplorable conditions of the gene...
Being the last Budget of the UPA government, will the Finance Minister attempt to appease the general public? If the eighth Budget of UPA turns out to be a damp squib, their chances of winning next year's elections seem bleak.
Finance Minister P Chidambaram's Union Budget 2013 will be UPA's last Budget as the elections are round the corner. Will the Budget please? Or will it disappoint?
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 ...
Get all the news on stocks and business of the day. In-house experts also give you a detailed idea of which stocks performed well and which didn't, and so you can also plan ahead for the next market day. ET Now is a business news channel in India, owned and op...
How big a concern is the stagnant development and growth rate of India? Will the Union Budget aim to balance atleast some of the fiscal deficit? Or will it just be a populist budget, considering that the elections are round the corner? Will politics liberate p...
The Budget 2013 will be tabled in the Parliament tomorrow and all eyes are on P Chidambaram. Will the Finance Minister be able to bring back the country's economic growth? Does his focus on slashing planned expenditure really help bringing the economy back on ...
Looks like the election economics has already begun, even before the union budget is stable. The interest rates in Provident Fund has been increased by 0.5%. Earlier it was 8% and now it has been increased to 8.50%.
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.
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...
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...
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,...
Finance Minister P Chidambaram announces that direct cash transfer scheme of the UPA will begin from January 1. Under this scheme, the money from subsidies that the people are eligible for, will be deposited directly into their bank accounts. These include sub...
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...
Finance Minister P Chidambaram called for adapting some tough measures while speaking at the National Development (NDC) meeting in New Delhi on Thursday. He indicated that some hard-hitting decisions will be taken by the government to contain expenditure and i...
Leila Seth, Gopal Subramaniam along with Justice Verma have met in the Capital today. They are a part of the committee appointed by the cabinet to look into laws and suggest changes which would make the punishment for horrific crimes stricter. The committee ha...
While addressing the press, Finance Minster Chidambaram said that the cabinet has approved the proposal to set up a commission of enquiry to look into the rape and assault of the girl on 16th December 2012. The commission has also been asked to suggest measure...