Seeking to dispel the perception of gloom and pessimism, Finance Minister P Chidambaram on asserted in the Lok Sabha that rupee will correct itself and the growth will bounce back.
Political parties slammed the government in the Lok Sabha on Thursday over the sliding rupee, which has breached the Rs 68 to a US dollar mark, and demanded that Prime Minister Manmohan Singh make a statement on the issue.
A sovereign bond float continued to be among the range of options to address the current account deficit (CAD), Finance Minister P Chidambaram said on Tuesday, even as former Finance Minister Yashwant Sinha asked him to tell Parliament the Centre would not countenance that measure.
The issue of missing files relating to coalgate paralysed proceedings in Parliament on Tuesday with the Bharatiya Janata Party demanding an immediate response from Prime Minister Manmohan Singh, even as the government said it will leave no stone unturned in tracing the documents.
Bomb blasts on Thursday rocked Assam and Manipur during Independence Day functions injuring one person even as chief ministers asked extremists to abjure violence and return to the mainstream.
While the FIPB has sought more transparency on whether the rules concerning effective control would be followed once the deal fructifies, the Finance Ministry has also written to Sebi for a report on the Jet-Etihad deal, official sources said Wednesday.
With Anna Hazare sitting on an indefinite fast and the Congress having received a huge drubbing in Delhi at the hands of newcomers Aam Aadmi Party -- who fought the elections on the plank of eradicating corruption and bringing transparency in public discourse -- the party-led United Progressive Alliance government has finally decided to bring the Lokpal Bill in the Rajya Sabha.
Hard-selling United Progressive Alliace's 'game changer' Food Security Act, Rahul Gandhi on Thursday reached out to the 'aam admi' and tribals recalling that Sonia Gandhi was in tears as she failed to cast her vote in Lok Sabha when her pet project was being passed in August.
Terming the 2002 Gujarat riots as "unfortunate", Bharatiya Janata Party President Rajnath Singh on Sunday said it was unfair to blame state Chief Minister Narendra Modi for the incident and accused Congress and some other parties of dividing the country on religious lines.
The Congress seems to have brokered peace with the main Opposition parties on the crucial food security and land acquisition Bills and ensured that they are not dependent on the whims and fancies of smaller parties. Renu mittal reports
Shiv Sena chief Uddhav Thackeray on Saturday dispelled any impression that he was not enthusiastic about Narendra Modi as Prime Ministerial candidate, saying he has already given his "best wishes" to him after he was appointed the BJP campaign chief for the Lok Sabha elections.
In a move which could once again put the Congress in the firing line and give them a great deal of negative publicity, the party's core group in its meeting held on Friday evening has given the green signal to bring a fresh bill in the monsoon session of Parliament to keep political parties out of the ambit of the Right to Information Act.
Justifying the United Progressive Aliance government's decision to bring the food security bill through an ordinance, Union Food Minister K V Thomas on Thursday said the Centre is confident that it will be ratified in the monsoon session of Parliament commencing on August 5.
Sanjeev Nayyar visits an Amma canteen in Chennai, and comes back impressed
The Congress is planning a high-pitch media blitzkrieg in the run up to the assembly and general elections on the twin agenda of governance and development as opposed to the Bharatiya Janata Party's decision to push for Hindutva.
The Congress will not fall into the BJP's trap by naming anyone as its prime ministerial candidate, reports Anita Katyal.
The 15th Lok Sabha will go down in the history as the most disrupted in Independent India so far including the pepper spray incident which marked a new low in parliamentary conduct.
Slamming the Bharatiya Janata Party government for spurt in prices of essential commodities during its 45-day rule, Opposition Congress on Monday took potshots at Prime Minister Narendra Modi for riding to power on promise of controlling inflation yet doing nothing on it.
The Bharatiya Janata Party chose not to raise any protests when their demand to raise Robert Vadra's suspect land deals was not considered by Rajya Sabha chairman Hamid Ansari. Anita Katyal reports.
The Congress on Thursday dared Narendra Modi to an open debate on his governance model in Gujarat, while rubbishing his attack on the United Progressive Alliance over the economic slowdown.
India scored a remarkable win on food security, but trade partners will now put pressure on New Delhi to provide meaningful openings for industrial goods and services and be more accommodative on liberalising tariffs.
'We have to get the party and its members to this day. We have to bring them to the present and see the realities of today. We must fight the elections with 22nd century ideas.' Former Congress MP Annu Tandon explains why she and the party lost the Lok Sabha election and how its fortunes can be revived.
Armed with data and statistics, Congress leaders refute every point made by Narendra Modi as part of its new strategy to take on the firebrand Gujarat chief minister. Renu Mittal reports
A recent academic paper on probability theory shows how beliefs are influenced by interpretations of data rather than the data itself, says T C A Srinivasa-Raghavan.
In the past four years, neither the BJP nor the VHP has shown any interest in the mandir or Lord Ram. Now that elections are nearing, it is attempting to whip up communal passions, says Minister of State for Home R P N Singh in an interview to Anita Katyal
The Congress on Thursday dismissed Narendra Modi's attack on Prime Minister Manmohan Singh reminding him that the country has over two-and-a-half a dozen chief ministers and rejected as "tall talk" his challenge to Singh for a public debate on pressing issues.
From 1952 to 1967, each of the three Lok Sabhas sat for an average of 600 days and more than 3,700 hours. In comparison, the 15th Lok Sabha -- from 2009 till 2013 -- has met for just 345 days and 1,331 hours, says Shreya Singh
BJP president Rajnath Singh has said that if the party comes to power in the next general election, its foreign policy wouldn't be much different from that of the Congress government. Aziz Haniffa in Washington
Taking a dig at UPA government's ambitious food security programme, Gujarat Chief Minister Narendra Modi has said that the Centre was under the impression that merely bringing in the Bill would lead to food reaching the needy.
Could this reluctance be tied to the family's projection of themselves as the last bastion of the aam-aadmi's interests? Do they fear that a full disclosure of their not-inconsiderable assets would go against their carefully-cultivated pro-poor image, wonders Saisuresh Sivaswamy.
Accusing Bharatiya Janata Party of fanning communal flames, Rahul Gandhi on Wednesday said the party's "politics of hatred" was damaging the country's fabric and apprehended he may also be assassinated like his grandmother and father, who had fallen victims to it.
The CBI's case against Mulayam has been killed by politics, says Sreenivasan Jain
Finance Minister Arun Jaitley said the inflation index would determine the nominal growth figure, and it is better to set modest targets and outperform them.
Union Agriculture Minister and Nationalist Congress Party chief Sharad Pawar, in an exclusive interview to CNN-IBN reiterated that he is not going to contest the next Lok Sabha elections.
Citing rising prices, slowdown in growth and depreciation of rupee among the problems facing the economy, the opposition members said in the Lok Sabha that they feared the repeat of the 1991 crisis when the country had to mortgage gold as it failed to meet short-term debt obligations.
'They must bow their head before the people's might and start their work immediately. Now nothing can help them, but a show of sincerity and a life without cosmetic frills.' 'They don't have any option, but to succeed and prove themselves worthy of this massive victory,' says BJP MP Tarun Vijay.
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The toxic brew of fiscal populism, crony capitalism and bad economic management has ensured the collapse of economic growth, industrial stagnation, stubbornly high consumer inflation, declining savings and investment, shrinking employment opportunities, and a dangerously vulnerable external financing situation.
Only reforms that accelerate economic growth can generate the revenues to finance expenditure on social infrastructure for the poor, not the other way round, insists Jagdish Bhagwati.
Rajeev Srinivasan on how Indians are satisfied with illusions, not reality.
Economist Arvind Panagariya tells Suman Guha Mozumder that the rupee is doing a much-needed clean-up job, raising exports and cutting imports.
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