The Enforcement Directorate (ED) is seeking an expedited trial against Congress leader P Chidambaram in the Aircel-Maxis and INX Media money laundering cases, having submitted the required prosecution sanction to the court.
'Suddenly we had a new comprehension of affairs, which reminded that the luxury of politics floated atop a foundation by economics.' 'Along with this, finance ministers became crucial in molding the perception and reputation of Union Cabinets.' 'Governments couldn't afford a wrong person in that portfolio,' asserts Shyam G Menon.
Sitharaman took charge of the Finance Ministry on May 31, 2019, and has steered the economy through the COVID-19 pandemic and geopolitical turmoil, making India the fastest-growing major economy in the world.
Finance Minister Nirmala Sitharaman on Sunday makes history as she presents a record ninth consecutive Budget that is expected to unveil measures to sustain growth momentum, maintain fiscal discipline, and contain reforms that could buffer the economy from global trade frictions, including US tariffs.
The Congress party has strongly criticized the Union Budget, calling it 'lacklustre' and 'disappointing,' claiming it fails to address the needs of farmers, unemployed youth, and other key sectors.
Tell the finance minister what you would like to see in this year's Budget.
In Mr Chidambaram's third stint as finance minister, which lasted till his government was voted out in May this year, he had a fairly pressing crisis to deal with.
In a recent public appearance, Mr Chidambaram was quite candid in saying that UPA-II misread the signals from its electoral performance in 2009.
'Chidambaram, lots of people argue not without justification, is all about bluff and bluster without any concrete achievement on the ground. His record in the finance ministry fully endorses that view,' argues Virendra Kapoor.
Chidambaram said that Operation Black Thunder was the right way to retrieve the Golden Temple, by keeping the Army out of the Sikh worship place.
Prime Minister Manmohan Singh began his bureaucratic career as an advisor in the Ministry of Foreign Trade.
The issue of his wife appearing as counsel for the revenue department has caused P Chidambaram a lot of embarrassment. Tell us if he should quit.
India's finance ministers have played a crucial role in framing policies and initiating reforms to boost the economy.
Manmohan Singh, P Chidambaram and Yashwant Sinha presented 5 Budgets each while Jaswant Singh presented only one Budget.
The meeting lasted for about 20 minutes but deliberations of the meeting could not be known immediately.
However, the prime minister has told confidants that he was unable to do justice to the foreign affairs portfolio and admitted the need for a full-time foreign minister.
He could be doling out more funds to woo voters and tax cuts to support industry.
Will he tax the salaried class more? Will he give respite to the corporates? Will he smile at the housewife, the pensioner, the middle class? Will he usher in more reforms to boost the economy?
In a developing county like India, the role of the Finance Minister is a crucial one, specially when the country is going through it's worst period in recent times. M R Venkatesh, has a few valid suggestions for Mr Chidambaram.
Senior Congress leader P Chidambaram fell unconscious at the Sabarmati Ashram in Ahmedabad on Tuesday and was taken to hospital. Sources said he probably fainted due to the heat after a hectic day. His son Karti later said on X that his father is fine and is being examined by doctors. The incident occurred during a prayer meeting at the ashram. Chidambaram was carried to an ambulance by other leaders. Earlier in the day, he attended the extended Congress Working Committee meeting at the Sardar Vallabhbhai Patel National Memorial.
IDBI Bank's recent overseas money raising experience points to renewed interest in India.
Finance Minister P T R Palanivel Thiagarajan has proclaimed his determination to set Tamil Nadu's fiscal house in order in five years, and Friday will show how he plans to go about it when he rises to present the Stalin government's maiden budget, says N Sathiya Moorthy.
Nine days after he took charge of the finance ministry after incumbent P Chidambaram was shifted to the home ministry following the terror attacks in Mumbai, Prime Minister Manmohan Singh has informed Congress President Sonia Gandhi that a full-time Cabinet minister would be needed for the portfolio because he was extremely busy with other works.
Optimistic of 7-7.5 per cent economic growth in 2005-06, Finance Minister P Chidambaram on Wednesday said the government will not hesitate to take fiscal measures to check inflation while keeping deficit on a leash.
'The preparedness of our defence forces and positioning of intelligence assets were very different in 2008, so we had to rebuild our assets and preparedness.'
Victory wrested from regime that only listens when forced, the TMC said on GST exemption on insurance.
'The Budget that Mr Jaitley will present on February 29 will be crucial.'
The Delhi high court on Wednesday stayed the trial court proceedings against senior Congress leader P Chidambaram in the Aircel-Maxis case lodged by the Enforcement Directorate.
Finance Ministers play a key role in shaping the economy of a country.
Soon after Union Finance Minister P Chidambaram presented the Union Budget 2013 in Parliament, Trinamool Congress leader and former Railway Minister Dinesh Trivedi joined us for the Budget chat.
The former Union finance minister warned that the INDIA bloc was fighting against a "formidable machinery", which must be fought on all fronts.
How much do you know about the finance minister?
The new government would assume charge with swearing-in of Prime Minister designate Narendra Modi and members of his Cabinet on May 26.
Dubbing as 'manufactured crisis,' the sharpest fall of the Sensex, Finance Minister P Chidambaram sought to woo back FIIs, saying no FII has been assessed as a trader for tax purposes.
Duvvuri Subbarao recounts how his tensions with P Chidambaram and Pranab Mukherjee, then finance ministers, over monetary policy spilled over into other issues in the central bank in this excerpt from Who Moved My Interest Rate?, his memoir of his term as Reserve Bank of India governor.
A day after the Centre formally called off strategic sale of stakes in 13 profit-making PSUs, Finance Minister P Chidambaram on Wednesday
The Central Bureau of Investigation has registered a fresh case of corruption against former finance minister P Chidambaram's son and Congress MP, Karti Chidambaram, for allegedly giving relief to alcoholic beverage company Diageo Scotland over a ban on the duty-free sale of its whisky, officials said on Thursday.
Finance Minister P Chidambaram's speech.
'Each state is unique, but when it comes to finance, the fundamentals cannot be different.'
The country's new home minister, Palaniappan Chidambaram, today said he prefers a Congressman as his successor in the finance ministry, setting off speculation about the implication of his statement.
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