Benchmark indices end at a three week high but Nifty remains shy of 5,600 level.
Retail inflation was at a 25-month low of 8.1 per cent in February.
Going by its past experience of differences between the central bank and the finance ministry, the government might prefer a person who could bridge this gap.
She posed for the traditional 'briefcase' picture outside her office along with her team of officials before heading to meet the President. She, however, was holding a tablet instead of a briefcase to present the Budget in a digital format.
Chidambaram said NSEL was not a registered or recognised association under the FMC but got exemption even before it started its business.
The Indian economy grew by 4.9 per cent in 2013-14 fiscal.
Faced with the Supreme Court rap on the independent functioning of the Central Bureau of Investigation, the Group of Ministers headed by Finance Minister P Chidambaram on Thursday discussed ways to give greater autonomy and more financial powers to the agency. The GoM, at its first meeting, was given a power-point presentation by the department of personnel and training, in which it opposed scrapping of the provision which requires the CBI to seek the government's permission.
The rupee is stable, and a number other of measures have been taken to bring stability in the capital market, the FM said.
India's record current account deficit has been a key reason behind why Standard & Poor's and Fitch Ratings cut their outlooks on the country's sovereign rating to 'negative' last year.
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Chidambaram said he was particularly happy that agriculture growth has been estimated at 4.6 per cent for 2013-14.
The agency recorded his statement under the Prevention of Money Laundering Act with some specific queries on the circumstances and procedures adopted by the now-defunct Foreign Investment Promotion Board while giving approval to the Aircel-Maxis deal during his tenure.
In an unusual episode, Finance Minister P Chidambaram and Deputy Chairman P J Kurien sparred in the Rajya Sabha over procedures, triggering commotion, which led to stalling of the House for nearly an hour.
'Once the Hon'ble Supreme Court has declared the law, we are obliged to accept it. However, it is necessary to point out that the majority has not upheld the wisdom of the decision; nor has the majority concluded that the stated objectives were achieved,' the senior Congress leader said in a tweet.
Bank employees body AIBEA, which is a major constituent of the United Forum of Bank Employees' Association that has called a nationwide strike, on Tuesday said Finance Minister P Chidambaram rejecting wage demands of bank employees is "unfortunate" and the strike was forced on them.
Finance minister Pranab Mukherjee had a brief meeting with Prime Minister Manmohan Singh on salient features of the Budget.
National Spot Exchange Limited, promoted by Jignesh Shah-led Financial Technologies, is facing payment crisis of Rs 5,600 crore (Rs 56 billion).
In 30 days, there have been a flurry of ministerial pronouncements. It does seem that most ministers have taken seriously the prime minister's observation that this time there can be no excuses.
A decision by P Chidambaram in his last days as finance minister has annoyed the revenue department.
Finance Minister P Chidambaram, who as then Home Minister monitored the probe into the Batla House case, said he felt the gunfight between police and the Indian Mujahideen terrorists was genuine and was satisfied that the prosecution could prove the case in court.
The fact that the fiscal consolidation programme is on target - the fiscal reduction and the revenue deficit reduction - we are moving in the set direction, he said.
Railway Minister Mamata Banerjee, it appears, is peeved with Finance Minister Pranab Mukherjee and Home Minister P Chidambaram over the punishment being meted out to government servants on charges of corruption.
Following are the names of some high-profile people who have been put behind the bars
The particular matter with Nalini pertains to the legal fee paid to her by the Saradha group.
While the Union finance minister has opted out of the election race -- one of the many Congress bigwigs who are not very confident of their electoral prospects this time around, Ghulam Nabi Azad has volunteered to contest from the Udhampur seat even though he is a sitting Rajya Sabha member. Anita Katyal reports on the Congress' fourth list of Lok Sabha candidates that was released late on Thursday night.
Dismissing the criticism of his interim budget by Narendra Modi, Finance Minister P Chidambaram said, "I don't want to take the level of this debate to a Class 8 school boys' debate."
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Attributing the high Current Account Deficit to mainly gold import, Chidambaram said the inward shipments of the precious metal resulted in outgo of $50 billion.
Cash-rich Central Public Sector Enterprises (CPSEs) have to either invest their surplus funds or give it to someone for investment purpose, Finance Minister P Chidambaram has said.
Her expression of strong support to Chidambaram, who has also been a home minister, came a day after the Delhi high court refused to grant him any protection from arrest in the INX media case.
Registrar (Judicial) informed Chidambaram's lawyers that Chief Justice of India Ranjan Gogoi has listed the matter for hearing on Friday.
The court permitted the request of Chidambaram that he be allowed a separate cell, home-cooked food, western toilet, medicines, spectacles and visit by his family members and lawyers half and hour daily, after the ED did not oppose it.
The pacts were signed by Finance Minister P Chidambaram and German Development Minister Gerd Mller.
In early trade on Monday, the rupee fell to 63.33 to a dollar, its weakest since September 18.
On the eve of an all-party meeting on Telangana, Telangana Rashtra Samithi chief K Chandrashekhar Rao on Monday said the Centre should follow its announcement on creation of a separate state with a resolution in Parliament but set no deadline for it.
Finance Minister Nirmala Sitharaman on Monday used her trademark 'bahi-khata', a ledger wrapped in a red-coloured cloth, to carry Budget documents as she arrived in Parliament House to present her third straight Budget. Sitharaman, India's first full-time woman finance minister, had in July 2019 ditched the colonial legacy of a Budget briefcase for the traditional 'bahi-khata' to carry Union Budget papers. She used the same last year and again on Monday.
Noting that India continued to be the second fastest growing economy in the world after China, Finance Minister P Chidambaram on Saturday said people should not be worried about the current slow down and expressed hope of achieving six per cent growth this fiscal.
Ahead of the Lok Sabha elections, Congress on Wednesday released the second list of office-bearers and executive committee members of its Tamil Nadu unit, prominent among them being Union Finance Minister P Chidambaram's son Karti.
What he has said is shocking and shameful, former Union minister and BJP leader Ravi Shankar Prasad said, noting that the son of Tamil Nadu Chief Minister M K Stalin has repeated his remarks.
The Congress leader said he made the changes to improve the quality of the language as is any lawyer's wont in the second affidavit.
Home Minister Palaniappan Chidambaram, isolated and under attack from the Opposition after the letter the Finance Ministry wrote to the Prime Minister's Office was made public on Wednesday, discovered he had a supporter after all.
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