Subhash Chandra Garg, the former finance secretary who was shunted out of the finance ministry within three weeks of Modi-2.0 government's first budget last year, on Saturday alleged that new Finance Minister Nirmala Sitharaman got him transferred out.
Tawang wears its history -- and also its present -- with ease. The flourishing town, with restaurants selling everything from noodles to dosas and locals returning home to new business prospects, shows little sign of the tension building up at the border about 40 km away to the north.
Investor wealth zoomed over Rs 10.48 lakh crore in two days as the Budget-driven market euphoria continued to charge bulls on Tuesday.
Budget-makers in North Block are looking to maintain this fiscal status quo, in spite of tax revenues nowhere close to where the government wants and in spite of possible higher expenditure commitments.
The government on Tuesday said it is keeping a close watch on the developments in the crisis-ridden NSEL and will take action once reports of the two committees looking into the problems of the exchange are received.
Post demonetisation, there has been a hike in collection of personal income tax
Frosty Indo-Pak relations after the beheading of Indian soldiers by Pakistani troops were on full display in Yokohama, Japan.
No, no, she ain't doing a mythological for Ekta K...
Eminent jurist Ram Jethmalani on Sunday asserted that Indian Parliament "is not sovereign" for its decisions can be challenged in court, as he hit out at Finance Minister Arun Jaitley for criticising the Supreme Court verdict to scrap NJAC Act on appointment of higher judiciary.
Finance secretary R S Gujral too is believed to have met top Vodafone officials in Mumbai last month.
Seeking to spur foreign investments, Finance Minister P Chidambaram has said the Union Cabinet will decide on raising FDI caps in different sectors in the third week of this month.
Indian Grandmasters Vidit Gujrathi and S P Sethuraman placed themselves for a medal contention as they defeated Jorge Cori of Peru and Vladislav Kovalev of Belarus respectively in the 12th and penultimate round of World Juniors Chess Championship.
These companies had an accumulated loss of Rs 55,656 crore (Rs 556.56 billion) in 2012-13.
The Congress is strongly opposed to the three Central legislations which were signed into laws by President Ram Nath Kovind on Sunday.
Chidambaram first met bankers and industrialists in Mumbai to seek ways to revive slowing economic growth.
"Pakistan Foreign Minister is a political pygmy in a powerless government kowtowing to the terror organisations. These pusillanimous comments reflect Pakistan's frustration with Prime Minister Narendra Modi's successful diplomacy in exposing the terror face of Pakistan to the world," said BJP spokesperson G V L Narasimha Rao.
After holding discussions with the FM, the Sebi chief said the government thought it was an opportune time to levy the LTCG tax as the "markets are booming."
Economists urged FM to rationalise indirect taxes and impose Tobin tax.
Government has set up a Financial Sector Legislative Reforms Commission to streamline the financial sector laws.
Rediff.com brings to you Finance Minister Pranab Mukherjee's Budget Speech Live from Parliament at 11.00 a.m. on February 26.
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Says high inflation has to be reversed to achieve sustainable GDP expansion.
The Budget is disappointing because it refuses to fundamentally repudiate fiscal populism.
DoT has also announced that it will conduct third round of auction but dates and other final details have not been released yet.
Behind the GBS figures, to be revealed in the Budget next week -- lies a fierce tug of war between Finance Minister P Chidambaram and Planning Commission Deputy Chairman Montek Singh Ahluwalia in which Prime Minister Manmohan Singh eventually threw his weight behind the finance minister.
To meet the financing requirements of the infrastructural deficit, many more institutions are required to share this responsibility, Chidambaram said on Tuesday, while launching operations of India's first Infrastructure Debt Fund under the NBFC Structure by handing over the First IDF -- NBFC License to the Promoters of India Infra Debt Limited -- ICICI Bank, Bank of Baroda, Citibank and Life Insurance of Corporation.
Attributing the stock market crash to global turbulence, Finance Minister Arun Jaitley on Monday said the government and RBI were watching the situation and hoped that things will stabilise once the transient impact is over.
Stocks ignored better-than-expected double digit industrial production figures in August to snap a three-day rally on profit-booking after Finance Minister P Chidambaram said he was "surprised and worried" by the sharp rise in stock prices.
RBI Governor Raghuram Rajan had set up a committee to review the monetary policy framework.
The FDI in insurance and defence and the plethora of schemes for improving the rural economy with all round focus on development programmes, are a key thrust.
A large part of this fund would be raised through public offers made to retail customers, he said.
Jaitley said the government proposes to establish a National Testing Agency as an autonomous and self-sustained premier testing organisation to conduct all entrance examinations for higher education institutions.
For the first time, Subramanian said, "the Economic Survey has embraced Big Data, and we mine this data to shed new light on the flow of goods and people within India."
Before Budget, departments see outlays shaved.
Tax sops unlikely for the sector in coming Budget.
Chidambaram was winding up a discussion on the first batch of supplementary demands for grants in the Lok Sabha.
Tamil Nadu Chief Minister M K Stalin's Cabinet, including him, would be 34-member strong and he has retained senior leaders like Duraimurugan and over a dozen shall be ministers for the first time.
On the telecom sector, he demanded auctioning of more spectrum.
However, he maintains, that even global factors too are responsible.
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