A Supreme Court bench, while granting bail to Chidambaram, asked him not to make any public comment in connection with the case.
Allaying fears that the Indian stock markets will collapse, Finance Minister P Chidambaram assured on Tuesday that the Indian stocks markets are sound and still very attractive for investors.
As the Budget 2008 gets ready to unfold, find out how much you know about the man behind it. Take the Rediff Business Quiz on Finance Minister P Chidambaram.
The Central Bureau of Investigation had called Karti for questioning on Thursday in connection with the foreign investment clearance given in the Aircel-Maxis deal in 2006 when his father Chidambaram was the finance minister.
The Central Bureau of Investigation had registered an FIR on May 15, 2017 alleging irregularities in the Foreign Investment Promotion Board clearance granted to the media group for receiving overseas funds of Rs 305 crore in 2007 during Chidambaram's tenure as finance minister.
Chidambaram said he was honoured that the two leaders visited him.
However, the bench said Chidambaram is at a liberty to seek remedy in accordance with the law.
Chidambaram and his son Karti Chidambaram were named in the chargesheet filed by the CBI in the case on July 19.
Solicitor General Tushar Mehta, representing CBI and ED, contended that the Congress leader was evasive during interrogation and was giving long answers.
"As FM, I granted approval in the normal course of business," he said in a statement.
We present some of the most dramatic photographs clicked across the globe in the last 24 hours.
Chidambaram said he would count every additional rupee the government infuses into the economy and examine what the poor, hungry and devastated migrant workers get after walking hundreds of kilometres to their home states.
The 74-year-old Congress leader has been in custody since August 21, when he was arrested by the Central Bureau of Investigation in the INX-Media corruption case.
The police should have been alert in preventing the Hyderabad blasts rather than look for culprits once the damage is done, said Ajit Doval, former director of the Intelligence Bureau.
In 2013-2014, Finance Minister P Chidambaram said growth would be between 6.1% and 6.7%. In 2014-2015, India, he said, wants growth to be above 7%.
Senior Congress leader P Chidambaram on Thursday took a swipe at the BJP over the cut in excise duties on petrol and diesel, saying the results of the 30 assembly and three Lok Sabha by-elections have "produced a by-product".
He has already been subjected to custodial interrogation by the CBI for eight days since his arrest on August 21, after the Delhi high court on August 20 dismissed his anticipatory bail plea.
A bench of Justices R Banumathi and A S Bopanna said it would hear the arguments of the Enforcement Directorate on Chidambaram's two petitions, including the challenge to remand orders, on Wednesday.
The fiery activist, who is crusading against demolition of slums in Mumbai, entered the conference hall at a hotel in south Mumbai when Chidambaram was about to leave to catch a flight to Delhi after delivering a speech on urban renewal.
Chidambaram said the stimulus package has left several sections like the poor, migrants, farmers, labourers, workers, small shopkeepers and middle class high and dry.
In a move which could further rock the United Progressive Alliance and create fresh fissures at the highest level in the government, union Home Minister P Chidambaram has fired a salvo against Finance Minister Pranab mukherjee on the issue of price rise saying that inflation is the biggest tax which the people have to face.
After discussions, there may be changes the Bill.
The war of words between United Progressive Alliance government and the main Opposition BJP over the economic situation saw BJP leader Yashwant Sinha calling Finance Minister P Chidambaram a 'conceited person' for labelling L K Advani 'our own John McCain'. Advani, Leader of Opposition and BJP's prime ministerial candidate, had called a meeting of 15 top captains of Indian industry on Thursday to discuss the issues plaguing the Indian economy in the wake of the global meltdow
"I will address a press conference tomorrow. I am happy that the Supreme Court passed the order granting bail," added Chidambaram.
The third-quarter monetary policy review is keenly watched by the industry as well as the market because the central bank has not lowered the key interest rate (repo rate) since March on concerns of inflation.
The sources said the matter should have been referred to the Cabinet Committee on Economic Affairs as foreign investments above Rs 600 crore (Rs 6 billion) can only be cleared by Cabinet Committee on Economic Affairs headed by the Prime Minister.
Special Judge O P Saini issued notice to the agency and sought its response by October 8.
Due to Opposition anger over the non-availability of the finance minister during discussion on the Finance Bill in the Parliament.
Referring to Finance Minister Pranab Mukherjee's letter to the Prime Minister in the 2G Spectrum case, the Bharatiya Janata Party on Thursday alleged that Home Minister P Chidambaram was involved in the scam and demanded that he should resign or else be sacked immediately.
The position has been vacant since July after the previous incumbent British Finance Minister Gordon Brown vacated the post after becoming the Prime Minister. Brown chaired IMFC for a decade.
"The government is wrong. It is wrong because it is clueless," Chidambaram said. "It is unable to look for the obvious clues because it is stubborn and mulish in defending its catastrophic mistakes like demonetisation, flawed GST, tax terrorism, regulatory overkill, protectionism, and centralised control of decision-making in the Prime Minister's Office."
On a scale of one to five, I can't pick a number above five! And if I had to rate it on a scale of one to ten, I wouldn't be able to pick a number above ten!
Indian industry, which made a strong demand for "tougher laws" and "stronger and firmer leadership" to tackle terrorism, hailed P Chidambaram's appointment as the home minister, saying he can provide the right kind of leadership to tackle the menace.
In his book, former governor Subbarao says Chidambaram, Pranab were piqued by his tight rate policy.
Other ministers who have presented five straight annual financial statements include Arun Jaitley, P Chidambaram, Yashwant Sinha, Manmohan Singh and Morarji Desai.
P Chidambaram presented the Budget for the 9th time.
The veteran Congress leader said people asked him why only he had been arrested, but he had no answer.
Like other inmates, he will also have access to the prison's library and can watch television for a specified period.
Karti, through his lawyer, has refused to appear before the agency saying a special court had discharged all the accused in the matter.
'This is a case of nepotism,' alleges Dr Subramanian Swamy.
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