Finance Minister Pranab Mukherjee, while presenting the Union Budget in Lok Sabha on Friday, announced grant of project import status to 'Monorail projects for urban transport' at a concessional basic duty of 5 per cent.
The 2009 Budget had raised the rate of MAT to 15 per cent. The industry wants it to be lowered to at least 10 per cent in the forthcoming Budget.
Besides French Finance Minister Lagarde, seen as a strong candidate, there are four to five other aspirants in the race for the post vacated by Dominique Strauss-Kahn.
Informing the Parliament about this, Finance Minister Pranab Mukherjee, however, said the panic button should not be pressed.
Current account deficit in 2010-11 will be well below 3.0 per cent of GDP.
Pranab Mukherjee's initials are PM. But everyone in the finance ministry is convinced he's the one moving to Rashtrapati Bhavan in the next few weeks.
Upon discovery of the price for 3G and Broadband Wireless Access spectrum, BSNL and MTNL recently paid Rs 18,500.38 crore (Rs 185 billion) and Rs 11,097.97 crore (Rs 110.97 billion), respectively, to the government.
Finance Minister Pranab Mukherjee on Friday asserted that India's economy is 'robust' and its growth story is intact, amid fears of another global economic turmoil that sent the world stocks into a tailspin.
With his candidature for the President's post gaining momentum, Pranab Mukherjee on Saturday said no one can become president "on his own wish" and the Congress would decide on the issue.
While appreciating the role of public sector banks (PSBs) in protecting the economy against the global economic turmoil, Finance Minister Pranab Mukherjee today assured them that the government would continue to support them.
Finance Minister Pranab Mukherjee will announce the measures the United Progressive Alliance government intends to take to bring back the unaccounted money into the country and tighten the regulatory and tax framework to prevent further illegal outflows.
The farmer continues to be burdened by debts, both from banks and other institutions, says Sharad Joshi.
Five things you did not hear the finance minister Pranab Mukherjee say in the budget speech.
Ahead of the new government assuming office later this month, the finance ministry has begun the Budget-making exercise to enable the incoming finance minister to present the full-fledged Budget for 2009-10.
The New Telecom policy 2011 and the Spectrum Act are expected to address these concerns.
The government is committed to provide Rs 100 a day as wages under National Rural Employment Guarantee Scheme, said finance minister Pranab Mukherjee.
Financial expert Anil Rego feels that there is nothing much Union Budget 2012-13 offers to the taxpayers.
Finance Minister Pranab Mukherjee has done the right mix of moderation on the price front, Prime Minister Manmohan Singh said.
He will pitch for American investment in Indian business opportunities.
The fiscal deficit, estimated at 4.6 per cent of the gross domestic product, is expected to be around 5.6 per cent, mainly on account of factors like subdued revenue collection, poor disinvestment receipts, high global commodity prices and increasing subsidy bill.
Batting for exporters hit hard by global downturn, Commerce and Industry Minister Anand Sharma on Monday met Finance Minister Pranab Mukherjee and made out a strong case for fiscal relief for the export sector in the Budget next month.
India Inc on Monday gave a thumbs down to the Interim Budget 2009-10, proposed by Finance Minister Pranab Mukherjee, saying it is a non-event and more of a political statement.
External Affiars and Finance Minister Pranab Mukherjee on Monday said the government cannot indulge in 'reckless borrowing' and did not have Parliamentary mandate to tweak taxes.
Prime Minister Manmohan Singh and Finance Minister Pranab Mukherjee today said the government would like to 'take forward' financial sector reforms like insurance and pension, but added caveats that suggested the road ahead was not smooth.
Moving the Finance Bill, 2012 for consideration and passage in the Lok Sabha, Mukherjee halved the capital gains tax for private equity investors to 10 per cent and relaxed the norms for arrest of persons involved in violation of Customs Act.
The Pittsburgh summit could determine the timing of a calibrated winding down of public spending, now that the signs of a global economic recovery are evident.
During a short halt at Tabriz airport in Iran on his way back home, Mukherjee gave Vrishti Beniwali a brief account of the summit, euro zone crisis and what it meant for India.
Finance Minister Nirmala Sitharaman is set to create history when she presents her seventh straight Budget on Tuesday for the fiscal 2024-25, surpassing the record of former prime minister Morarji Desai. Sitharaman, who will turn 65 next month, was in 2019 appointed as India's first full-time woman finance minister when Prime Minister Narendra Modi won a decisive second term.
Finance Minister Pranab Mukherjee has said there may be 30 per cent gap in infrastructure funding requirement, targetted at Rs 41 trillion, in the 12th Five Year Plan (2012-2017).
In the wake of Citibank fraud and other scams, Finance Minister Pranab Mukherjee on Tuesday cautioned against 'window dressing' by accounting firms and called for stricter disclosure guidelines.
Mr Mukherjee has presented a good budget, perhaps even a very good one under the circumstances, but he has shied away from presenting a great budget.
A uniform concessional basic duty of 5 per cent, CVD of 4 per cent with full exemption from special additional duty on all medial equipment are proposed doing away with a very complex import duty regime.
Corporate America has showered kudos on Finance Minister Pranab Mukherjee for his latest Budget, describing it as a 'very forward-looking confident budget'.
A new series of coins will be unveiled soon carrying the Rupee symbol, Finance Minister Pranab Mukherjee announced in the Budget.
As the race for the next International Monetary Fund chief hots up, Finance Minister Pranab Mukherjee on Tuesday said he was in touch with his counterparts from developed and emerging economies on the issue and was keeping a close watch on the developments.
Factory output, as measured by the Index of Industrial Production, contracted in March to a five-year low of 3.5 per cent.
The government on Wednesday said the fiscal stimulus given to the industry to combat the adverse impact of the global financial meltdown will not be withdrawn before the budget.
India's economy will revert to the pre-crisis growth level of 9 per cent in the next financial year.
Finance Minister Pranab Mukherjee said the Indian Infrastructure Financial Corporation Limited (IIFCL) will evolve a financing mechanism for giving increased support to infrastructure projects.
Dismissing the Opposition charge that Prime Minister Manmohan Singh was "weak", Union Finance Minister Pranab Mukherjee has asserted he was "very much alert and proactive" to all issues including corruption.
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