"To achieve 9 per cent growth (it) will require little longer time", Finance Minister Pranab Mukherjee said, participating in a function organised by a private TV channel. Mukherjee said this fiscal 'we will have six per cent plus growth.'
According to sources in the government, Finance Minister Pranab Mukherjee is firmly against activist Anna Hazare's demand for formally constituting a joint committee, with representatives from the civil society and the government, to draft a strong anti-corruption bill. Hazare has been on an indefinite fast in New Delhi since Wednesday to press for his demand.Mukherjee has stopped the government from issuing a notification to make the joint committee formal.
Amid fears of double-dip recession, Finance Minister Pranab Mukherjee on Friday called for concerted action by G-20 nations to provide impetus to the world economy and deal with the related problems.
As Anna Hazare's fast entered the 12th day, Pranab Mukherjee said the situation was "moving out of hand" and "a crisis" had been created even as he asked lawmakers to "seize the moment and demonstrate the commitment" in dealing with corruption which is "gnawing at the vitals of our polity".
Just 6.4% of branches owned by new private sector banks are in the rural areas
Encouraged by the industrial production growth rate of 10.8 per cent in October, Finance Minister Pranab Mukherjee on Friday sounded confident that the trend would continue and the fiscal would end with double-digit growth rate.
Battling damaging allegations of sexual assault, Strauss-Kahn tendered his resignation from the top post of the IMF on Wednesday, while maintaining that he was innocent.
The India Meteorological Department said on Tuesday monsoon rains are expected to be below normal at 95 per cent of the long period average, with margin for error of plus or minus 4 per cent.
Finance Minister Pranab Mukherjee lost his temper in the Rajya Sabha on Tuesday after being repeatedly interrupted by Communist Party of India - Marxist member Brinda Karat during discussions on the price rise issue. "I am not going to accept this. This is indiscipline. It is not permitted here," an incensed Mukherjee retorted at Karat's intervention. As she objected to his remarks, Mukherjee shot back, "Please do not show your temper here, show your temper somewhere else."
Finance Minister Pranab Mukherjee and Home Minister P Chidambaram's much-awaited statement before the media on the 11-page note of finance ministry on the 2G scam that indicts Chidambaram is a loss of face for Mukherjee, but it may prove a deceptive victory for Chidambaram at a later stage.
"It is the job of Parliament to legislate. We (government) had several rounds of discussion with him (Anna Hazare) and his team. We know their viewpoints. About nine rounds of meetings have already been held with them. Thereafter also, through interlocutors some discussions also took place with them," Mukherjee told media persons at his south Kolkata residence.
"Unprecedented" direct taxes collection of Rs 7.90 lakh crore in 2010-11 has "greatly strengthened" the country's efforts for fiscal consolidation, Finance Minister Pranab Mukherjee said.
Notwithstanding the ruling Congress remaining undecided on who should be its presidential candidate, Congress members of Parliament and members of Legislative Assembly have come out in open demanding the post for Finance Minister Pranab Mukherjee.
The assurance was given by Vietnamese Prime Minister Nguyen Tan Dung when India's Finance Minister Pranab Mukherjee called on him in Hanoi.
Grappling with a high rate of price rise, the government on Tuesday expressed concern that increasing prices of crude and other commodities in global markets could add to inflationary pressure in the country.
The two also met corporate affairs minister Salman Khurshid, who asked them to keep his ministry in the loop.
"The system covering all central government departments and ministries is expected to eliminate almost two crore cheques. When it becomes fully operational in civil ministries, defence and railways, it is expected to cover a total payment of over Rs 6 lakh crore," Pranab said...
As the problem of job losses in the domestic economy continues to grow, Prime Minister Manmohan Singh will again take up the issue of "protectionist policies" by advanced countries during his G-20 tour. The Union government feels that these policies will add to the massive job losses in the country, especially in labour intensive sectors engaged in exports.
Hours after his angry outburst led to an hour-long adjournment of Lok Sabha, Finance Minister Pranab Mukherjee on Thursday expressed his "regret" for losing temper, saying it was not appropriate.
'I think we will be able able to inspire confidence in the minds of prospective investors,' says Mukherjee.
Union Finance Minister Pranab Mukherjee late on Wednesday night rebutted the charges by Team Anna that he had told them the Gandhian's health was not government's concern, saying the remarks were "distorted."
India's macroeconomic authorities must focus on fiscal stabilisation and Mukherjee has to provide the leadership as finance minister.
In a major development in the Congress, the party has formed an informal committee comprising General Secretary Rahul Gandhi, spokesperson Janardan Dwivedi, political secretary to Sonia Gandhi Ahmed Patel and Defence Minister AK Antony to look into the party's affairs, as the Congress president will be away since she is undergoing treatment in the United States.
Endorsing the Economic Survey's emphasis on the farm and the infrastructure sectors for achieving higher economic growth, Finance Minister Pranab Mukherjee said inflation and widening current account deficit remain major areas of concern.
Anna Hazare's demand for right to recall elected representatives and reject candidates is not feasible in a huge country like India, Union Finance Minister Pranab Mukherjee said on Friday and claimed that the provision, if implemented, would only create political instability.
Food inflation increased in the week ended September 18 as the prices of cereals, fruits, select vegetables and milk rose on account of supply disruptions caused by heavy rains and floods.
Union finance minister Pranab Mukherjee said Indian diplomacy needed to acquire an economic perspective to its thinking and strategic approach, for furthering the country's interests in the changing global order.
Far from the rough and tumble of politics, Union Finance Minister Pranab Mukherjee is in Kolkata at his ancestral home at Miriti in Birbhum district to perform Durga Puja as he has been doing every year.
"I extend puja greetings (Saradiyar Subhecchha) to all people and wish them well," a relaxed Mukherjee said while leaving for his ancestral home with his wife.
Finance Minister Pranab Mukherjee, who took additional charge of the finance ministry recently, has rejected a Planning Commission proposal to increase the upper limit for Viability Gap Funding (VGF) for infrastructure projects coming up under the public-private partnership model.
Union Finance Minister Pranab Mukherjee on Sunday said treaties had been signed with a total 37 countries to know the details of money stashed abroad by Indians.
Union Finance Minister Pranab Mukherjee accused Bharatiya Janata Party of being responsible for the Rajya Sabha's failure to pass the Lokpal Bill by changing its stand within 24 hours.
Union Finance Minister Pranab Mukherjee arrived in Washington, DC on Monday to participate in the India-US economic partnership dialogue, during which he is expected to meet US Secretary of State Hillary Clinton.
Mukherjee, along with Parliamentary Affairs Minister PK Bansal and Human Resources Development Minister Kapil Sibal, held meetings with BSP leader Satish C Mishra and RJD chief Lalu Prasad as the debate was underway in the Rajya Sabha in effort to woo them
Backing for Finance Minister Pranab Mukherjee got further boost with United Progressive Alliance constituent Dravida Munnetra Kazhagam endorsing his name for the post of President over which the Congress hopes to build a consensus across the political spectrum.
The government on Tuesday attributed higher economic growth projected in the mid-year economic analysis for this fiscal than the Economic Survey to robust economic expansion in the first half.It, however, cautioned against the impact of fragile European recovery on Indian economy.
Lok Sabha passes Finance Bill; Will introduce a white paper on black money in current session: FM
"If this declining trend continues, I do hope it will have a moderating influence on the price front," Mukherjee told reporters in New Delhi.
Railway Minister Dinesh Trivedi has not resigned, Finance Minister Pranab Mukherjee told the Lok Sabha on Thursday
Ending months of speculation, the ruling coalition met on Friday evening at the residence of Prime Minister Manmohan Singh where its Chairperson Sonia Gandhi put forward the name of the 77-year-old veteran Congressman from West Bengal as its candidate, which was unanimously approved by the leaders of the constituent parties
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances