The controversial note, made by the finance ministry and sent to the Prime Minister's office on March 25, 2011, involved two Cabinet ministers -- finance minister Pranab Mukherjee and home minister P Chidambaram, who was the finance minister at the time of the 2G scam in 2007-08.
"Considering the facts and circumstances, I am of the view that police custody is justified," the judge said.
"The fact is that after 106 days of pre-trial incarceration there is not a single charge framed against me as I speak now," said Chidambaram, who is expected to attend the Rajya Sabha proceedings on Thursday.
The Congress officially said the party stands in support of its senior leader while accusing the government of "persecuting" its citizens for speaking truth to power.
The Opposition on Tuesday termed the Union Budget as a 'kursi bachao budget' driven by political compulsions and claimed that it ignored opposition-ruled states in a bid to 'appease' Bharatiya Janata Party's allies.
Taking part in the discussion on the confidence motion moved by Prime Minister Manmohan Singh on Monday, Chidambaram emphasised on the need for nuclear power.
CBI had lodged an FIR on May 15, 2017, alleging irregularities in Foreign Investment Promotion Board clearance granted to INX Media group for receiving overseas funds of Rs 305 crore in 2007 during Chidambaram's tenure as union finance minister.
The Bharatiya Janata party's defeat in the Karnataka assembly polls turned Finance Minister P Chidambaram into a 'TV reporter' on Wednesday.
The Congress leader also targeted Modi over "hasty" implementation of the GST, and his pet bullet train project.
Economists say there aren't many options with the government at present, given the drought-like situation which would only spur its spending.
Tough balancing act in the offing in the last budget of UPA-II.
Finance Minister P Chidambaram on Monday said that the government never talked about "zero loss" in allocation of coal blocks and complained of "incorrect reporting" by the media of his remarks on the issue.
This is the second time the former finance minister has got relief from arrest.
Continuing its boycott of Home Minister P Chidambaram, the opposition Bharatiya Janata Party and the All India Anna Dravida Munnetra Kazhagam on Wednesday created ruckus in Rajya Sabha whenever the minister rose to answer queries put to him during the Question Hour
Tough balancing act in the offing in the last budget of UPA-II.
The former finance minister was in Mumbai to address Congress party's poll rallies.
The country's stock market on Friday received a vote of confidence from Finance Minister P Chidambaram, who expressed satisfaction with the 'orderly movement in the market.'
There is a split in the United Progressive Government over Prime Minister Manmohan Singh attending the Commonwealth Heads of Government Meeting on November 15 in Colombo, Sri Lanka. Some Union ministers including Finance Minister P Chidambaram want the PM to skip the session, said sources.
Finance Minister P Chidambaram on Monday exuded confidence that the centre will be able to sort out the issues concerning implementation of the Goods and Services Tax (GST) shortly.
In an interview with the Press Trust of India on Sunday, Finance Minister P Chidambaram explained that there was no "antagonism" between his ministry and the Reserve Bank of India (RBI).
Finance Minister P Chidambaram said, "When we return in 2014, we will be more friendly."
This is the first time that the 73-year-old former finance and home minister is being grilled by the ED in this case.
The Punjab chief minister said he was asked by Kejriwal to visit different places for campaigning for INDIA bloc candidates.
Union Finance Minister P Chidambaram's mother Lakshmi Palaniappan died on Friday. She was 92, her family said.
The Congress leader was brought to the jail on Thursday evening and he has got no special facilities, except a separate cell and a Western toilet as specified by the court, prison officials said. Like other inmates, he will also have access to the prison's library and can watch television for a specified period.
Finance Minister Nirmala Sitharaman will present her sixth straight Budget ahead of the Parliamentary elections, matching the record of former Prime Minister Morarji Desai. Sitharaman in her pre-election Budget, which technically is a vote on account and popularly termed an interim Budget, will seek Parliament's nod for a grant in advance to meet the central government's essential expenditure for the first four months of the new fiscal year that starts in April. A new government elected after the April/May general elections will present the full Budget, likely in July.
The Congress on Monday distanced itself from former Finance Minister P Chidambaram's statement that the banning of Salman Rushdie's controversial novel 'The Satanic Verses' by the Rajiv Gandhi government was wrong.
Finance Minister Nirmala Sitharaman will set a record by presenting the sixth Budget in a row -- 5 annual Budgets and one interim -- a feat achieved so far only by former Prime Minister Morarji Desai. With the presentation of interim Budget on February 1, Sitharaman will surpass the records of her predecessors like Manmohan Singh, Arun Jaitley, P Chidambaram, and Yashwant Sinha, who had presented five budgets in a row. Desai, as Finance Minister, had presented five annual Budgets and one interim Budget between 1959-1964. The interim Budget 2024-25 to be presented by Sitharaman on February 1, will be a vote-on-account that will give the government authority to spend certain sums of money till a new government comes to office after the April-May general elections.
The court had also directed Chidambaram to cooperate with the investigation in both the cases as and when required.
CII president K V Kamath, Federation of Indian Chambers of Commerce and Industry president Rajeev handrasekhar and Assocham President Sajjan Jindal held discussions with Chidambaram immediately after Prime Minister Manmohan Singh had interacted with a larger industry group. The government as also the Reserve Bank of India have taken a number of steps since beginning of October to ward off the Indian banking system from the global financial contagion.
"The Railway Minister has presented a very responsible, practical and implementable budget," Chidambram told reporters outside Parliament.
CPI (M) General Secretary Prakash Karat called all 'non-Left' parties to resist Union Finance Minister P Chidambaram's financial sector reforms plans. In a recent article in People's Democracy, Karat wrote, 'After the burst of the real estate bubble and the financial crisis in the United States, one would have expected this ardent advocate of financial sector reforms to rethink. But that has not happened.'
Chidambaram said that of the total 17 lakh (1.7 million) registered service tax payers, only seven lakh of them were paying the levy.
The minister is likely to inform the RBI board about the steps taken to contain fiscal deficit and may underline the need for reducing interest rates to promote growth.
He used an old rule to cut the expenditure allotted to various ministries.
The 2013/14 Budget caps an intensive seven-month campaign by the energetic Chidambaram, who was appointed last August, to turn around the fortunes of Asia's third-largest economy after years of policy drift and global economic turmoil.
Chidambaram was remanded to two more days of CBI custody in the INX Media corruption case.
Jailed former Telecom Minister A Raja on Wednesday told a Delhi court that he would get Prime Minister Manmohan Singh, the then finance minister P Chidambaram and the current Telecom Minister Kapil Sibal summoned as witnesses to prove that the government did not incur any loss in the 2G allocation.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances