The government on Tuesday said it would withdraw the stimulus package only after assessing its impact on the economic recovery.
Meet India's key ministers who have promised to revive the economy and improve the infrastructure of the country.
The government on Tuesday said the slowdown in the Europe and US may have contributed to the moderation in India's economic growth rate to 7.7 per cent during the first quarter of the current fiscal.
The government on Friday said gains from fake currency business are going abroad through the hawala route and admitted that the quality of fake currency has gone up with better imitation of security features.
"The Union government has been following prudent external debt management policies to manage external debt flows, consistent with overall macroeconomic requirements and to keep the external debt level within manageable limits," Meena told the Lok Sabha in a written reply on Friday.
"Banks have been exploring the feasibility of using mobile phones as an alternative channel for delivery of banking services. RBI has observed an increase in usage of mobile phones for banking transactions," minister of state for finance Namo Narain Meena told the Upper House in a written reply.
"Preparations for the regular budget are on... priorities are listed in the manifesto. (These) Will get reflected in the finance minister's budget speech," said the new minister of state for finance Namo Narain Meena. 'The focus of the new measures will be to stimulate demand in the domestic economy and to ensure there is more purchasing power in the hands of the people and more liquidity in the hands of the companies,' the Congress manifesto says.
In June, the government had decontrolled petrol, causing a hike of Rs 3.5 per litre, and increased diesel prices by Rs 2 a litre, LPG by Rs 35 a cylinder and kerosene by 3 a litre -- amid protests by opposition parties.
The fiscal measures announced by the government and the monetary measures by the Reserve Bank of India were aimed at mitigating the effects of the economic downturn.
India has demanded the speeding up of global efforts to ban ozone-depleting chemicals and asked for adequate funding and transfer of related technologies to help developing countries reduce their emission.
The Indian rupee strengthened 12.9 per cent against US dollar during the year ended March, 2010, touching Rs 45.14, on the back of foreign capital inflows, Parliament was informed on Tuesday.
At the same time there were few complaints about the wrong reporting of credit information to the Credit Information Bureau (India) Ltd, which was taken up by the RBI with the concerned bank for redressal, minister of state for finance Namo Narain Meena told the house in a written reply.
"The RBI has reported that there has been some rise in various crimes, including murders, at bank premises during the last three years," minister of state for finance Namo Narain Meena told the Lok Sabha in a written reply.
The partially revised figures for FY'08 stood close to $3 billion at $2,827 million while, the two fiscal years FY'06 and FY'07 saw an outflow of $1.1 billion each and the same was $642 million in fiscal 2004-05.
The New Pension Scheme (NPS), launched by the government, was extended to all citizens of the country from May 1, 2009. Under the scheme, 50 per cent of the funds is allowed for investment in the stock markets.
The country's growth may moderate to 6.25 per cent -- the lower end of the forecast by the Economic Survey for 2008-09 -- in the current fiscal if the global economic downturn prolongs, the Lok Sabha was informed on Friday.
The government on Friday said total value of Participatory Notes holding Indian shares was Rs 1,03,579 crore (Rs 1.03 trillion) at the May-end and there is no definite trend in the PNs issued since November.
Bank loan defaults rose to Rs 74,685 crore (Rs 746.85 billion) at the end of March 2010, with non-performing assets of public sector banks reaching Rs 57,301 crore (Rs 573.01 billion), Parliament was informed on Tuesday.
The government will give state fuel retailers Indian Oil, Bharat Petroleum and Hindustan Petroleum Rs 12,000 crore (Rs 120 billion) to partly compensate them for losses on LPG and kerosene by March 31.
E-waste is likely to increase to 800,000 tonnes by 2012, up from 150,000 tonnes in 2005, mainly due to high economic growth and increased use of electronic appliances in the country. The government has put in place guidelines to handle the e-waste so that it has no adverse impact on either health or environment. Import of hazardous materials like copper was allowed only for the recycling and direct use and not for dumping. The government has been monitoring the imports.
According to data released by the Central Statistical Organisation, India's per capita income has increased by over one-third from Rs 26,003 in 2005-06 to Rs 37,490 in 2008-09, Minister of State for Finance Namo Narain Meena told the Rajya Sabha in a written reply.
A Sikh delegation on Thursday held a demonstration in front of the district Central jail in Bharatpur following which they were allowed to meet the Sikh prisoner whose hair was allegedly cut by other inmates.
The RBI has shelved its plan for polymer notes more than a decade after it invited interest from global manufacturers for one billion pieces of Rs 10 denomination polymer banknotes, reveals Tamal Bandyopadhyay.
Rajan will evolve a policy with the help of professional persons for a national consensus if we have to carry on with implementing social and economic changes in a complex economy.
The case related to two Sahara Group firms --Sahara Housing Investment Corporation Ltd and Sahara India Real Estate Corp Ltd -- raising more than Rs 24,000 crore (Rs 240 billion) from an estimated 3 crore (30 million) investors through issuance of certain bonds between 2008-2009.
The gross NPAs of some public sector banks, including State Bank of India and Punjab National Bank have crossed 4 per cent of the total assets at the end of March, 2013.
The government has taken a number of steps to stem the depreciation of rupee including moderation in demand of non-essential imports and enhancing supply of capital flows, Finance Minister P Chidambaram said.
Asked about the Congress's opposition to the GST Bill, Santosh Kumar Gangwar said no party opposes GST outside Parliament.
The government on Friday informed the Parliament that Sebi has discovered discrepancies in the claims by the bondholders and the database provided by Sahara Group in the Rs 20,000-crore (Rs 200 billion) investors money refund case.
The party's plan to win all 25 seats in Rajasthan may have been affected owing to the decision to field new candidates from five seats. Shahnawaz Akhtar reports
It's going to be brother vs step brother contest in Rajasthan's Dausa, where a different 'NaMo' would take on the candidate from NaMo's party. P B Chandra reports.
Empowered in the Modi government, junior ministers have enough on their plate.
Prakash Javadekar's one year as India's minister of state (independent charge) of environment, forests and climate change has been an unmitigated disaster, says activist Himanshu Thakkar.
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