The finance minister said after quite some time food inflation has become 'very moderate'.
The Centre is working out a financial package for West Bengal to tide over the huge problems the new government has inherited from the Left Front administration, Union Finance Minister Pranab Mukherjee said on Monday.
Finance Minister Pranab Mukherjee is likely to oppose suggestions to introduce a financial transaction tax, commonly known as tobin tax.
They've proposed a sub-committee under the proposed GST Council or the Empowered Committee of State Finance Ministers to resolve any disputes in the tax's implementation.
Concerned over huge revenues in form of customs, services and excise duties locked up in litigations, Finance Minister Pranab Mukherjee has constituted a committee to suggest steps to bring down such cases.
The four-day tour, beginning September 21, includes World Bank-International Monetary Fund meetings, as well as interactions with investors.
Finance Minister P Chidambaram will soon have to decide whether to stick by his predecessor's choice of former Reserve Bank governor Y V Reddy for chairmanship of the 14th Finance Commission, to be set up next month.
India's economy is poised to grow by 7.5 per cent this fiscal and will top 8.5 per cent in the next fiscal on the back of a strong industrial recovery, Finance Minister Pranab Mukherjee on Wednesday.
"You can't please all people. And the finance minister has done as good a job as was possible," said Prime Minister Manmohan Singh in an interview with T N Ninan, editorial director and chairman of Business Standard Ltd, on Monday after Finance Minister Pranab Mukherjee announced the Budget proposals in Parliament.
"You can't please all people. And the finance minister has done as good a job as was possible," said Prime Minister Manmohan Singh in an interview with T N Ninan, editorial director and chairman of Business Standard Ltd, on Monday after Finance Minister Pranab Mukherjee announced the Budget proposals in Parliament.
A look at things whose prices will change post Budget.
President Pranab Mukherjee -- rewarded as president yet not trusted enough to be prime minister.
The finance minister today grapples with the same fiscal worries of two decades ago
RBI is scheduled to announce the annual credit policy on May 3.
Finance Minister Pranab Mukherjee on Tuesday asked banks to tap the vast opportunity provided by the semi-urban and rural markets by converting savings in these areas into financial assets.
Trinamool Congress chief Mamata Banerjee cited a statement by former Union Finance minister Pranab Mukherjee in the Lok Sabha on December 7, 2011, alleging that the Centre had deviated from its own statement.
Talking to reporters on the sidelines of the G-20 Finance Ministers' meeting in Paris, Mukherjee said fiscal expansionary policies were required in the past, in the wake of global financial crisis.
United Progressive Alliance presidential nominee Pranab Mukherjee on Wednesday called up dissident Trinamool Congress MP Kabir Suman who later said that he endorsed his candidature for the top post.
Ahead of the first quarterly review of credit policy on Tuesday, RBI Governor D Subbarao on Friday met Prime Minister Manmohan Singh and Finance Minister Pranab Mukherjee to review the macro economic situation.
Pranab Mukherjee and P Chidambaram on Thursday sought to put an end to the raging controversy over the finance ministry note on 2G spectrum with the finance minister distancing himself from the statement that sought to blame the home minister.
Mukherjee advised European and American policymakers to follow regulatory mechanism on the lines of the Indian banking system.
Finance Minister Pranab Mukherjee on Wednesday said that the government would talk to its allies on the issue of fuel price hike but gave enough hints that a rollback would be difficult.
Under the Budget being presented by Finance Minister Pranab Mukherjee, the Plan expenditure for both the Centre and the states will go up by Rs 61,000 crore (Rs 610 billion) over the Interim Budget.
Presenting the Union Budget for the year 2012-13, the Finance Minister informed the Lower House of Parliament that the enrolments into the other system have already crossed 20 crore (200 million) and the Aadhaar numbers generated upto date has crossed 14 crore (140 million).
Union Finance Minister Pranab Mukherjee on Monday said the Telangana issue cannot be discussed in Lok Sabha unless the Andhra Pradesh assembly passes a resolution for a separate state
Launching his campaign for the Presidential election in which he appears set for a cakewalk, United Progressive Alliance nominee Pranab Mukherjee on Saturday appealed to all political parties to back his candidature, apparently eyeing Mamata Banerjee's Trinamool Congress. Mukherjee met UPA's key partner Dravida Munnetra Kazhagam's president M Karunanidhi at his residence in Chennai, formally kick-starting the campaign.
Finance Minister Pranab Mukherjee said 'yes' in a written reply to the Rajya Sabha when asked whether the chairman of the Empowered Committee of the State Finance Minister has expressed the opinion that it was not feasibile to implement GST from April 1, 2010.
External Affairs Minister Pranab Mukherjee, who heads an Empowered Group of Ministers on Special Economic Zones, is likely to consult Prime Minister Manmohan Singh to resolve the dispute between finance and commerce ministries over tax exemption for export profits from the zones.
What stood out in his 15-year journey as a member of the political executive at the Centre was his glowing record as India's most successful and effective finance minister. Both as prime minister and finance minister, he understood the importance of gradualism, except when the economy or the polity was in a crisis.
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.
Bereft of any ideas, the Finance Minister has brought back the conventional model of higher taxes and higher expenditure, said the former finance minister.
Congress president Sonia Gandhi on Monday had separate meetings with Finance Minister Pranab Mukherjee and Home Minister P Chidambaram, stepping in to defuse the raging row over the controversial finance ministry note on 2G spectrum allocation.
There is no end to rising food prices in India.
CPI (M) leader Brinda Karat felt the government's Budget did very little for the common man and only catered to certain sections of the country.
Finance Minister Pranab Mukherjee on Wednesday proposed a three-rate structure for the Goods and Services Tax -- which will simplify the indirect tax regime -- under which goods will attract 20 per cent levy, services 16 per cent and essential items a concessional 12 per cent.
Troubleshooter for the Congress and the government not long ago, Pranab Mukherjee on Tuesday refrained from making any comments on UPA-II at a time when it is accused of non-performance.
Congress spokesperson Renuka Chowdhury created flutters on Thursday when she talked of how valuable Pranab Mukherjee is to the government but the party stepped in immediately to clear the air saying the finance minister is not ruled out from the Presidential race.
Didi drags Rashtrapati into electoral battle.
While some have praised the Budget, others have expressed their displeasure.
High food prices have pushed 44 million people into poverty since June.
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