The finance minister says that FDI in retail will be permitted with Left parties' consent.
I expect the Sensex to rise with investor and business confidence rising
Chidambaram, 74, is in judicial custody till October 17 in the INX Media corruption case filed by the Central Bureau of Investigation.
The government on Monday said the fiscal deficit for the current financial year will be contained at 4.6 per cent of GDP.
Fiscal deficit touched Rs 90,678 crore (Rs 906.78 billion) during April-August, 2006, which accounted for 60.98 per cent of the budgetary target of Rs 1,48,686 crore (Rs 1,486.86 billion) for the whole year, he said in Delhi on Friday.
Bankers have the impression that "lending to industry is good. Housing loan is good. Refrigerator loan is good, scooter loan is good. But farm loan is bad."\n\n
NDA seems to have been seduced by the rise in the stock market and the adulation showered at organised Indian diaspora events, former FM said.
In a huge relief to Home Minister P Chidambaram and to the United Progressive Alliance government, a Delhi court on Saturday threw out a plea to make him an accused in the 2G case.
A panel has recommended that the RBI should bring down CPI inflation to 4 per cent.
Growth and economic reforms in India must take centre-stage again and acts of corruption or security concerns should not distract the attention of the government and the people, said Union Home Minister and former finance minister P Chidambaram recently.
Though poverty had not been eradicated, the level of poverty had come down. 'Money alone did not decide whether a man is rich or poor, Chidambaram said.
The former finance minister also said the centre should find out the areas in Jammu and Kashmir where autonomy can be given.
Finance Minister P Chidambaram on Monday favoured mergers in the banking industry so that India can have two-three global sized banks.
Finance Minister P Chidambaram on said that financing current account deficit (CAD) year after year is a challenge and the only way to deal with the problem is by increasing exports.
Indian economy is likely to expand at close to 9 per cent this fiscal and the government may take more steps such as relaxing norms for infrastructure companies to raise funds abroad for sustaining high growth, Finance Minister P Chidambaram said on Monday. Chidambaram said India needs to raise investment in infrastructure from the current level of five per cent of GDP to nine per cent of GDP over the next five years.
Prime Minister Manmohan Singh, Defence Minister Pranab Mukherjee, Finance Minister P Chidambaram and Sonia's political secretary Ahmed Patel were also present.
Dudley, whose company last year made the largest foreign direct investment in the oil sector, followed it up with a meeting with Finance Minister P Chidambaram.
Raghuram Rajan, who was Chief Economic Advisor in the Finance Ministry before taking over as RBI Governor on September 4, is scheduled to announce the next mid-quarter policy review on December 18.
The Cabinet Committee on Economic Affairs on Thursday steeply increased the price of gas, hitting the aam-aadmi, also gave a meagre hike to the minimum support price of food-grains, adversely affecting farmers, reports Sheela Bhatt.
The CBI has asked Karti to appear before it on October 4.
The Rajya Sabha chairman asked him to authenticate his assertions and refused to accept newspaper clippings that the Congress leader showed to buttress his points.
Deputy Superintendent of Police Ramaswamy Parthasarathy, who arrested Chidambaram in the INX Media case last year, has been conferred with the President's Police Medal for Distinguished Service.
But increase in surcharge for DDT to impact debt funds.
Former Union Finance Minister P Chidambaram on Friday said the Union Budget had been drafted in anticipation of early general elections and the fiscal deficit would move up to 6.2 to 6.3 per cent as against the 5.9 per cent projected in the Budget.
Slapped a 10 per cent surcharge on 'super-rich' and corporates. Levied an inheritance tax and raised duties on mobile phones, cigarettes, and luxury vehicles.
Nalini Chidamabaram, wife of former Finance Minister P Chidambaram, has been examined by CBI in conection with the alleged multi-crore Saradha chit fund scam.
The BJP hailed teh package, saying it reflected the government's commitment towards creating jobs and stimulating the economy.
India needs a place where all regulators could gather and function as in a war room.
The Supreme Court on Wednesday allowed former Finance Minister P Chidambaram's son Karti Chidambaram to travel abroad after depositing Rs 10 crore with its registry.
Food inflation rose to 18.32 per cent for the week ended December 25, because of rise in prices of food items like onion, milk and meat.
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Chidambaram also said the government will take steps to curb imports of gold, silver, oil and luxury goods.
Finance Minister P Chidambaram's budget may have evoked mixed reactions across the country but it has brought a smile on the faces of officials in the Forest Department. The Forest Department in Karnataka, which is all smiles after the state was ranked second in tiger conservation, says the additional allocation of funds will help them go about their job better.
The Delhi high court on Tuesday stayed the proceedings before the trial court in the CBI's INX Media corruption case involving Congress leader P Chidambaram and his son Karti.
"You are 74 years old and no 56!!! can stop you," Karti wrote to his father as he wished him on his birthday.
Bharti Airtel Chairman and Managing Director Sunil Bharti Mittal, Vodafone Plc CEO Vittorio Colao, Telenor CEO Jon Fredrik Baksaas and Idea Cellular Chairman Kumar Mangalam Birla on Wednesday met ministers and senior government officials to present the industry's concerns over telecom regulator Trai's proposals on the auction of spectrum.
On Monday, RBI announced that 26 entities, including Tata Sons, LIC Housing Finance, Aditya Birla Nuvo, Department of Posts, Reliance Capital, L&T Finance and Bajaj Finserv, applied for grant of bank licences.
With political parties in Tamil Nadu stepping up pressure on Centre for boycott of CHOGM at Colombo this month, Union Finance Minister P Chidambaram met DMK chief M Karunanidhi in Chennai on Saturday and said no decision has been taken as yet on Prime Minister's visit to the meet.
The ED said that Chidambaram has remained evasive and therefore grant of pre-arrest bail at this stage would be highly detrimental to the investigation.
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