'One is happy. The moment one starts criticising the BJP, ED, IT and CBI comes to one's house.'
Trinamool Congress chief Mamata Banerjee cited a statement by former Union Finance minister Pranab Mukherjee in the Lok Sabha on December 7, 2011, alleging that the Centre had deviated from its own statement.
While maintaining that merit and not nationality should guide selection of the new International Monetary Fund chief, India will in all likelihood support French Finance Minister Christine Lagarde for the job.
This is Finance Minister Pranab Mukherjee's fourth regular Budget.
Finance Minister Pranab Mukherjee is likely to oppose suggestions to introduce a financial transaction tax, commonly known as tobin tax.
Ahead of a crucial meeting of the Centre on Kashmir, state Chief Minister Omar Abdullah met Finance Minister Pranab Mukherjee and Defence Minister A K Antony to seek their support on the partial withdrawal of the Armed Forces Special Powers Act from the state. Sources said Omar had met Mukherjee late on Wednesday night at the latter's residence for about half-an-hour, during which the chief minister presented his case for withdrawal of the AFSPA.
Concerned over huge revenues in form of customs, services and excise duties locked up in litigations, Finance Minister Pranab Mukherjee has constituted a committee to suggest steps to bring down such cases.
The four-day tour, beginning September 21, includes World Bank-International Monetary Fund meetings, as well as interactions with investors.
Expressing "serious concern" over the generation and circulation of black money, Finance Minister Pranab Mukherjee today said the government has adopted a five-fold strategy to deal with the menace.
"You can't please all people. And the finance minister has done as good a job as was possible," said Prime Minister Manmohan Singh in an interview with T N Ninan, editorial director and chairman of Business Standard Ltd, on Monday after Finance Minister Pranab Mukherjee announced the Budget proposals in Parliament.
"You can't please all people. And the finance minister has done as good a job as was possible," said Prime Minister Manmohan Singh in an interview with T N Ninan, editorial director and chairman of Business Standard Ltd, on Monday after Finance Minister Pranab Mukherjee announced the Budget proposals in Parliament.
Finance Minister Pranab Mukherjee on Tuesday congratulated French Finance Minister Christine Lagarde on her appointment as the new Managing Director of the International Monetary Fund.
The Bharatiya Janata Party on Wednesday the Intelligence Bureau's 'chewing gum theory' regarding the alleged bugging of Finance Minister Pranab Mukherjee's office as 'big joke'. The party has demanded a thorough probe into the matter.
Finance Minister Pranab Mukherjee presented the Union Budget for 2012-13 on Friday.
Meet India's key ministers who have promised to revive the economy and improve the infrastructure of the country.
The government on Thursday insisted Finance Minister Pranab Mukherjee's office had not been bugged, claiming the whole thing was "bogus" and the matter should be closed now. "I had myself talked to the finance minister on Wednesday evening on this matter. There is nothing to take forward. The finance minister has categorically and emphatically stated (to the media) that it has been investigated and the answer is there has been no bugging," said Ambika Soni.
The finance minister today grapples with the same fiscal worries of two decades ago
RBI is scheduled to announce the annual credit policy on May 3.
Finance Minister Pranab Mukherjee on Tuesday asked banks to tap the vast opportunity provided by the semi-urban and rural markets by converting savings in these areas into financial assets.
Finance Minister Pranab Mukherjee on Monday said the hike in prices of petroleum products will have some inflationary impact in the short-term but price pressures will moderate from the middle of July.
Confident of meeting the schedule of introducing the goods and service tax in the beginning of the next fiscal, state finance ministers will meet the finance minister Pranab Mukherjee around mid-June on various issues relating to the new tax system.
Talking to reporters on the sidelines of the G-20 Finance Ministers' meeting in Paris, Mukherjee said fiscal expansionary policies were required in the past, in the wake of global financial crisis.
He reminded the officials that it was because of increased tax buoyancy and collection efforts of Revenue departments that the government was able to waive off the loans to farmers amounting to Rs 71,000 crore (Rs 710 billion).
Miffed at being ignored in the ministry expansion, Sena had on Tuesday said it was 'hurt' at the way the exercise was carried out and questioned the prime minister's "selection criterion".
Ahead of the first quarterly review of credit policy on Tuesday, RBI Governor D Subbarao on Friday met Prime Minister Manmohan Singh and Finance Minister Pranab Mukherjee to review the macro economic situation.
They've proposed a sub-committee under the proposed GST Council or the Empowered Committee of State Finance Ministers to resolve any disputes in the tax's implementation.
Union Finance Minister Pranab Mukherjee appealed to Anna Hazare to end his hunger strike, which entered the fourth day, and join the informal committee to make an effective Lokpal Bill.
As part of the pre-Budget exercise, the finance minister customarily holds parleys with various stakeholders, state finance ministers, industrialist groups, leading economists, trade unionists and officials of various financial sectors.
The government today said the proposed Financial Stability and Development Council, an inter-regulatory agency headed by the finance minister, would not act as a super regulator.
Finance Minister Pranab Mukherjee has asked Communications Minister Andimuthu Raja to complete the auction of the third generation (3G) spectrum within the agreed deadline (February 15), so that the revenue from it can be reflected in the Union Budget for 2009-10. Mukherjee had earmarked Rs 30,000 crore as revenue from 3G auction, which has already been delayed by a year, in the Budget.
During the last few years, finance ministers like P Chidambaram and Jaswant Singh limited their pre-Budget discussions to representatives from the industrialists' lobby, economists, farmers and trade unions. This time, Pranab Mukherjee has held exclusive meetings with exporters, the financial sector, electronics and information technology. He will also hold a meeting with the finance ministers of the states.
Mukherjee advised European and American policymakers to follow regulatory mechanism on the lines of the Indian banking system.
Finance Minister Pranab Mukherjee on Wednesday said that the government would talk to its allies on the issue of fuel price hike but gave enough hints that a rollback would be difficult.
Taking a jibe at Yashwant Sinha, the finance minister said that he doesn't have luxury of being former finance minister.
Finance Minister Pranab Mukherjee on Wednesday proposed a three-rate structure for the Goods and Services Tax -- which will simplify the indirect tax regime -- under which goods will attract 20 per cent levy, services 16 per cent and essential items a concessional 12 per cent.
There is no end to rising food prices in India.
The prime minister has been careful to say the right things about foreign investment and animal spirits; some of the more controversial aspects of the Mukherjee era are being given a high-profile review.
Union Finance Minister Pranab Mukherjee on Monday said the Telangana issue cannot be discussed in Lok Sabha unless the Andhra Pradesh assembly passes a resolution for a separate state
Agriculture output has been reduced due to adverse impact of shortfall in rain or floods in some parts of the country.
Finance Minister Pranab Mukherjee on Monday said that G-20 countries, a club of developed and developing nations, have agreed to continue with the stimulus packages till the global economy fully recovers.
