The RBI on Thursday hiked key policy rates for the 10th time since March, 2010, in a bid to tame inflation, which crossed the 9 per cent mark in May.
Mukherjee said about Rs 2.42 lakh crore (Rs 2.42 trillion) in taxes is locked up in litigation before the CIT appeal, ITAT and high courts.
Dismissing fears of a slowdown, Finance Minister Pranab Mukherjee on Monday said India's growth drivers are intact and the Centre is committed to policy reforms.
The Congress has launched a campaign to counter the anti-graft movement by Anna Hazare and Baba Ramdev and accused a section of civil society of trying to weaken democratic institutions.
Finance Minister Pranab Mukherjee gave the Business Today Best CFO in the Public Sector Award to Sarraf, ONGC said.
Finance Minister Pranab Mukherjee on Tuesday said India has not given any assurance to his French counterpart Christine Lagarde on support for her candidature to the post of IMF's managing director.
The finance minister attributed the rising prices to demand-supply mismatch, depreciating rupee, global commodity prices and easy monetary policy followed by some countries.
Hours after his angry outburst led to an hour-long adjournment of Lok Sabha, Finance Minister Pranab Mukherjee on Thursday expressed his "regret" for losing temper, saying it was not appropriate.
Pant, a 1991-batch Indian Administrative Service officer of Rajasthan cadre, is currently secretary in the ministry of ports, shipping and waterways.
Buckling under pressure from various quarters, the government on Monday withdrew the harsh provisions relating to excise and customs duty evasion cases. In Finance Bill 2012-13, it had earlier proposed to make certain excise and customs duty evasion cases non-bailable until the court had heard the public prosecutor.
Set to begin next week, the first of its kind uniform discount offer from all jewellers across the country, would be valid for 10 days nationwide.
"Oil marketing companies are to take decision depending on cost of their imports. It is market related as per as oil market companies are concerned on petrol," Mukherjee told reporters.
The reaction from Planning Commission Deputy Chairman Montek Singh Ahluwalia comes a day after the Central Bureau of Investigation arrested LIC Housing Finance CEO Ramachandran Nair and seven other senior bankers on charges of corruption and criminal conspiracy.
Deora, who met Mukherjee on Monday afternoon to present his ministry's Budget wishlist, also discussed the deregulation of fuel prices.
A minister who was with Mamata Banerjee when she and state Finance Minister Amit Mitra were targeted in Delhi by the Students Federation of India activists, on Wednesday alleged that the attack was aimed at killing the West Bengal chief minister.
Supporting Reserve Bank's hawkish stance on monetary policy, Finance Minister Pranab Mukherjee on Tuesday said the increase in the key rates was necessary to contain inflation.
Days after the Supreme Court cancelled 122 licenses for 2G spectrum, Prime Minister Manmohan Singh on Saturday held consultations with senior Cabinet colleagues on its impact on the telecom sector and the way forward. The meeting was attended by Finance Minister Paranab Mukherjee, Home Minister P Chidambaram, Telecom Minister Kapil Sibal and Law Minister Salman Khurshid.
Justice Santosh Hegde on Saturday indicated that he may not resign from the joint drafting committee on Lokpal Bill after Finance Minister Pranab Mukherjee's statement that the government was looking forward to enacting a strong anti-corruption legislation.
Finance Minister Pranab Mukherjee's Budget speech on Friday brought closer to reality, billionaire industrialist Anil Ambani's dream of entering the banking sector.
Terming sharp revision in the industrial production data as "totally baffling", Finance Minister Pranab Mukherjee on Friday said he has asked the authorities concerned to look into the issue.
The finance minister said the early signs of improvement in the Indian economy are seen despite no big recovery visible in the global economy.
Aiyar has contended that this results in revenue loss, malpractices and even death of people consuming illicit liquor
Giving a pat on the back of public sector banks, Finance Minister Pranab Mukherjee on Friday said the Indian banking sector has responded well to difficult global environment by meeting credit needs of the economy.
Finance Minister Jaswant Singh on Tuesday ruled out the merger of IDBI with IFCI in the near future and said all efforts would be made to restore the state of health of these organisations. \n\n
Amid fears of double-dip recession, Finance Minister Pranab Mukherjee on Friday called for concerted action by G-20 nations to provide impetus to the world economy and deal with the related problems.
'The politics that is now being played in Punjab doesn't contribute towards peace and tranquillity.'
Union Finance Minister Pranab Mukherjee on Saturday said that the demand for smaller states does not mean that new states would be created everywhere.
Amid divergent views within the Congress on tackling Maoists, Finance Minister Pranab Mukherjee has said that Naxals are political elements out to capture power and the issue of development was "more imaginary than actual".
RBI is expected to raise its short-term borrowing and lending rates at its September 16 mid-quarter review.
A group of ministers led by Finance Minister Pranab Mukherjee on Tuesday allowed Air India to raise Rs 7,400 crore (Rs 74 billion) by issuing government-guaranteed bonds or by other means.
Wholesale price-based inflation, which remained high during most of 2011, has started showing signs of moderation and was 6.95 per cent in February.
Mukherjee and Swiss Foreign Minister Micheline Calmy-Rey signed the revised pact in New Delhi on Monday.
In order to increase retail participation in the capital market, Finance Minister Pranab Mukherjee on proposed a tax exemption scheme for new investors.
Telephone use, eat-outs and other activities will cost more.
The Individual tax payer exemption limit to be raised to Rs 200,000 from Rs 180,000.
India will become self-sufficient in urea production in five years.
Labour secretary dismisses finance secretary's doubts, says there is enough in the account to pay 9.5%.
Prime Minister Dr Manmohan Singh continues to be in the hot soup. The crisis regarding the Indo-Pakistan joint statement simply refuses to blow over with the party now giving charge to Union Finance Minister Pranab Mukherjee and Defence Minister A K Antony to diffuse the situation, retrieve the issue with the least damage to the government.
Finance Minister Pranab Mukherjee on Friday said the 25 basis points rate hike by the Reserve Bank will help in moderating inflation to a comfortable level without hurting growth.
