Jaitley's concerns are unlikely to cut much ice with the Congress.
Finance Minister Arun Jaitley appealed to parties to rise above partisan considerations to support it.
While India won't be immune to global spillovers, we need to create the macro preconditions for sustained growth. Policy agility, prudence, and resilience will be key, suggests Sonal Varma.
The CPI (M) members seemed determined to thwart the bill, aimed at increasing the FDI limit in the insurance sector. As Minister of State for Finance P K Bansal rose to introduce the Insurance Laws (Amendment) Bill, 2008, CPI (M) member T K Rangarajan tried to grab the copy of the bill from him. An agitated-looking external affairs minister Pranab Mukherjee pushed Rangarajan to protect Bansal. Another minister Meira Kumar rushed to shield Bansal, who introduced the bill.
Facing stiff opposition over the Nuclear Liability Bill, the government on Friday said it will consult all political parties before tabling the draft legislation in Parliament. "
The SBI (Subsidiary Banks Laws) Amendment Bill 2009, introduced by minister of state for finance P K Bansal, was necessitated as these powers were vested with the Reserve Bank of India from whom the ownership of these banks were transferred to the Centre few years ago. Once passed, the bill would empower the Centre to increase or reduce the authorised capital of a subsidiary bank.
A courier company owner was arrested for allegedly evading service tax of about Rs 70 lakh
Suresh Prabhu on the priority being given to safety and the need for more funds for railways to move ahead.
The finance minister is "reasonably confident" that when it comes to the crunch, "it would be extremely difficult even for the Congress party to take a contrarian view" on the GST Bill.
The much-delayed Insurance Bill seeks to raise the foreign investment cap in the sector from 26 per cent to 49 per cent, with a rider that the management control rests in the hands of Indian promoter.
The Goods and Services Tax Bill was passed by the Lok Sabha in May.
A Bill to restrict voting rights of brokers as shareholders and their participation on governing boards of stock exchanges was on Monday passed in Lok Sabha without discussion and by a voice vote.
Hope floats for higher trading volumes; warehousing and cold chain facilities get tax incentives.
Union Finance Minister Pranab Mukherjee accused Bharatiya Janata Party of being responsible for the Rajya Sabha's failure to pass the Lokpal Bill by changing its stand within 24 hours.
Crude prices touched 30-months high of $120 per barrel last month following unrest in Egypt and Tunisia.
'It has been an ongoing process, talking to the relevant ministries about eliminating leakages and curbing non-core expenditure in various schemes.'
Offenders will be tried under Prevention of Money Laundering Act
Amid the government's keenness to introduce Lokpal Bill in Parliament before the end of the winter session on December 22, the Union Cabinet on Sunday night had informal discussions on the much-hyped legislation which is expected to be taken up by the Cabinet formally on Monday.
The new Insurance Bill may take little time to see light of teh day.
Tamil Nadu Governor R N Ravi on Thursday dismissed minister V Senthil Balaji from the council of ministers days after his arrest by the Enforcement Directorate in a cash-for-jobs scam, a move that Tamil Nadu Chief Minister M K Stalin said the government would challenge legally.
Prime Minister Manmohan Singh and United Progressive Alliance chairperson Sonia Gandhi on Monday held a meeting at 6.30 pm at the PM's residence in the capital. The Congress leaders discussed the next course of action over the Women Reservation's Bill, which will be debated in the Parliament on Tuesday.
A Bill to give effect to the policy of corporatisation and demutualisation of stock exchanges is in the pipeline, Finance Minister Jaswant Singh informed the Rajya Sabha on Tuesday.
The party says 23% of foreign investments should be by FIIs.
'He has divine power... For our future, safety is in the hands of Modi.'
Finance Minister Pranab Mukherjee will hold talks with the opponents of Women's Reservation Bill before the government's takes the next step on it, Minority Affairs Minister Salman Khurshid said on Thursday.
Dubbing the United Progressive Alliance at the Centre as "the most corrupt government ever seen by independent India", senior Bharatiya Janata Party leader L K Advani on Saturday wanted the Lokpal bill to be passed in the next session of Parliament itself.
Leader of Opposition in the Maharashtra legislative assembly Ajit Pawar on Thursday alleged that a scam of Rs 500 crore took place in the state information and publicity department during the tenure of the government led by Devendra Fadnavis.
A decision on the legal right of the poor to get wheat or rice at Rs 3 per kg was deferred on Thursday as Food and Agriculture Minister Sharad Pawar could not attend the meeting of a panel of ministers on the Food Security Bill on health grounds.
RBI, however, does not want banks to get into it, as it is speculative.
The speaker said he would take a decision on the remaining 14 cases in a "couple of days."
At present, zero coupon bonds which are issued at a discount to the face value and where interest is in-built, are allowed to be issued only by infrastructure companies or public sector organisations.
The Bill seeks to create a welfare fund for farmers at a time when Prime Minister Narendra Modi has led from the front a campaign to woo farmers and downtrodden sections of the society.
The finance ministry, in the explanatory memorandum to the Finance Bill 2008-09, proposes to withdraw the tax holiday which has been a window the petroleum ministry has been using to market the oil and gas exploration blocks under the New Exploration and Licensing Policy (Nelp) since 1999. The commitment to give a 7-year tax holiday to companies producing gas from Nelp blocks was finalised by the Union Cabinet after consultation with the finance ministry.
The Parliament on Wednesday approved a watered down version of the fiscal responsibility bill aimed at disciplining state finances that left out clauses binding the government to tough fiscal deficit targets.
The interest rate charged on your credit card makes your ownership a nightmare if you don't know it in perfect detail. Here's a primer for you
Due to Opposition anger over the non-availability of the finance minister during discussion on the Finance Bill in the Parliament.
The finance minister said the government was open to suggestions.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances