Finance Minister Pranab Mukherjee will announce the measures the United Progressive Alliance government intends to take to bring back the unaccounted money into the country and tighten the regulatory and tax framework to prevent further illegal outflows.
President Pranab Mukherjee -- rewarded as president yet not trusted enough to be prime minister.
The farmer continues to be burdened by debts, both from banks and other institutions, says Sharad Joshi.
Finance Minister Pranab Mukherjee has done the right mix of moderation on the price front, Prime Minister Manmohan Singh said.
He indicated that the government was looking into the problems of the small and medium sector. To a question Mukherjee said, 'there will always be a gap between what should be done and what can be done. The Union Budget is usually presented on the last day of February every year'.
As the race for the next International Monetary Fund chief hots up, Finance Minister Pranab Mukherjee on Tuesday said he was in touch with his counterparts from developed and emerging economies on the issue and was keeping a close watch on the developments.
Batting for exporters hit hard by global downturn, Commerce and Industry Minister Anand Sharma on Monday met Finance Minister Pranab Mukherjee and made out a strong case for fiscal relief for the export sector in the Budget next month.
Union Minister Pranab Mukherjee worshipped Goddess Durga on Thursday at his ancestral home in Mirati village on 'Mahasaptami', the first day of the four-day long puja.
At the meeting, Gandhi described bills on Food Security and Women's Reservation as 'most important' legislative agenda of the government.
Finance Minister Pranab Mukherjee, while presenting the Union Budget in Lok Sabha on Friday, announced grant of project import status to 'Monorail projects for urban transport' at a concessional basic duty of 5 per cent.
Prime Minister Manmohan Singh and Finance Minister Pranab Mukherjee today said the government would like to 'take forward' financial sector reforms like insurance and pension, but added caveats that suggested the road ahead was not smooth.
The finance minister's Budget Speech has come as a surprising blessing as he has maintained the rates as they were last year.
Finance Minister Pranab Mukherjee presented the Union Budget 2011-12 in Parliament on Monday. While the finance minister made the tax payers slightly happy by raising the exemption limit to Rs 180,000, he made many others unhappy.
Former US defense secretary Donald Rumsfeld once had to catch Mukherjee in Kirnahar during the Puja.
Moving the Finance Bill, 2012 for consideration and passage in the Lok Sabha, Mukherjee halved the capital gains tax for private equity investors to 10 per cent and relaxed the norms for arrest of persons involved in violation of Customs Act.
The 2009 Budget had raised the rate of MAT to 15 per cent. The industry wants it to be lowered to at least 10 per cent in the forthcoming Budget.
The Pittsburgh summit could determine the timing of a calibrated winding down of public spending, now that the signs of a global economic recovery are evident.
After startling revelations of a possible security breach in his office came to the fore, Finance Minister Pranab Mukherjee on Tuesday said that investigating agencies found nothing during their probe at his office. In September last year, Mukherjee wrote to Prime Minister Manmohan Singh, asking him to order a "secret inquiry" about the presence of "planted adhesives" in 16 key locations in his office, a leading English daily had reported.
Ahead of his meeting with Congress members of Parliament to allay their apprehensions on FDI, Mukherjee met Gandhi at her 10, Janpath residence for about 10 minutes, party sources said.
The weekly inflation figure is the highest during the past one year. Soaring onion and other vegetables' prices led to the sharp rise in inflation at 18.32 per cent for the week that ended on Christmas, up from 14.44 per cent recorded in the previous week.
Union Finance Minister Pranab Mukherjee on Sunday assured that West Bengal would be provided all assistance to tide over its financial crisis.
Here are few excerpts from the July 30 debate
Finance Minister Pranab Mukherjee lost his temper in the Rajya Sabha on Tuesday after being repeatedly interrupted by Communist Party of India - Marxist member Brinda Karat during discussions on the price rise issue. "I am not going to accept this. This is indiscipline. It is not permitted here," an incensed Mukherjee retorted at Karat's intervention. As she objected to his remarks, Mukherjee shot back, "Please do not show your temper here, show your temper somewhere else."
Finance Minister Pranab Mukherjee has said there may be 30 per cent gap in infrastructure funding requirement, targetted at Rs 41 trillion, in the 12th Five Year Plan (2012-2017).
While appreciating the role of public sector banks (PSBs) in protecting the economy against the global economic turmoil, Finance Minister Pranab Mukherjee today assured them that the government would continue to support them.
Finance Minister Pranab Mukherjee on Friday asserted that India's economy is 'robust' and its growth story is intact, amid fears of another global economic turmoil that sent the world stocks into a tailspin.
"Soon I will not be a political entity," Pranab Mukherjee remarked hours before he resigns as finance minister to contest Presidential poll, but promised to deliver his "last message" before he bids adieu.
Mr Mukherjee has presented a good budget, perhaps even a very good one under the circumstances, but he has shied away from presenting a great budget.
A uniform concessional basic duty of 5 per cent, CVD of 4 per cent with full exemption from special additional duty on all medial equipment are proposed doing away with a very complex import duty regime.
The 2011-12 Budget has failed to bring cheer to the Indian IT sector as Finance Minister Pranab Mukherjee did not make any major announcements to boost the segment.
Finance Minister Pranab Mukherjee spelt out the details of the United Progressive Alliance's austerity measures on Friday, saying he has advised ministers to travel in the Economy Class domestically and in the Business Class during international travel. The Finance Ministry has asked the various ministries to ensure a 10 per cent cut in non- planned expenditure, except in expenses related to security.
Finance Minister Pranab Mukherjee will meet chiefs of public sector banks here on Saturday, at a time when industrial growth has decelerated to a 13-month low of 7.1 per cent and interest rates have moved northward.
The government is committed to provide Rs 100 a day as wages under National Rural Employment Guarantee Scheme, said finance minister Pranab Mukherjee.
Many experts, including Nobel laureate Joseph Stiglitz, also suggested that industrial groups should not be allowed to do banking business.
Economists on Friday asked Finance Minister Pranab Mukherjee to continue with the fiscal stimulus until firm economic recovery amid intense speculations about a possible withdrawal of measures taken to spur the economy.
Agitated over the police action against protesting Bharatiya Janata Party youth wing activists in New Delhi on Tuesday, senior BJP leader L K Advani on Wednesday complained to Finance Minister Pranab Mukherjee that the orders seem to have come directly from Home Minister P Chidambaram.
The government on Wednesday said the fiscal stimulus given to the industry to combat the adverse impact of the global financial meltdown will not be withdrawn before the budget.
The finance minister said the challenge now is to find the means to cross the double-digit growth barrier in the coming year or two.
Finance Minister Pranab Mukherjee on Thursday briefed Prime Minister Manmohan Singh on the ongoing investigation against the owners of Indian Premier League teams.During the briefing, Mukherjee explained to Dr Singh how bids for franchisees were made.Reportedly, Dr Singh and Mukherjee also discussed the names of Nationalist Congress Party leaders Praful Patel and Supriya Sule being drawn into the IPL controversy.
Notwithstanding the ruling Congress remaining undecided on who should be its presidential candidate, Congress members of Parliament and members of Legislative Assembly have come out in open demanding the post for Finance Minister Pranab Mukherjee.
