Congress on Wednesday said Rahul Gandhi is the "future" of the party and the country, echoing senior leader and Finance Minister Pranab Mukherjee's sentiments that he is going to be a "new leader" of the party.
Two important features are Effective Revenue Deficit and Medium Term Expenditure Framework.
The Congress wants to show that it is Sonia Gandhi who will nominate the presidential candidate, to discard the impression that the party chief has been given a fait accompli if she does not want the Congress candidate to lose, says Renu Mittal
Finance Minister Pranab Mukherjee on Saturday exuded confidence the economy would soon break the double-digit growth barrier and said the stimulus measures will not be fully withdrawn until a robust recovery is achieved.
The announcement was made by Finance Minister Pranab Mukherjee in his Budget speech.
The launch of the US-India Economic and Financial Partnership on Tuesday is significant because the two countries have traditionally been wary of opening up their markets and services to each other.
Proposed scheme will not provide immunity to tax defaulters.
United States President Barack Obama on Monday began talks with Prime Minister Manmohan Singh on a wide range of bilateral and other issues. After a ceremonial reception at the Rashtrapati Bhavan, Obama drove to the Hyderabad House from Rajghat to begin restricted talks with the prime minister, which would be followed by delegation-level talks. The two leaders are expected to issue a joint statement covering a number of issues ranging from security, trade and economy.
The five-member Group of Ministers (GoM) also include Agriculture Minister Sharad Paward, Heavy Industries Minister Vilasrao Deshmukh, Petroleum Minister Murli Deora and Chemical and Fertiliser Minister M K Azhagiri, official sources said.
The deadline set by anti-corruption crusader Anna Hazare for passing the Lokpal Bill is inching closer, but the government seems to be in no hurry. Sources in the government said that the Union Cabinet is unlikely to discuss the Lokpal Bill on Sunday.
Attacking the government over the issue of price rise, the Bharatiya Janata Party said on Wednesday if the United Progressive Alliance dispensation was sincere in addressing the "burning issue" they should agree on a discussion in Parliament under a provision that entails voting.
The government plans to borrow Rs 4.17 lakh crore (Rs 4.17 trillion) from the market. Last year it had borrowed Rs 4.47 lakh crore (Rs 4.47 trillion).
Commerce and Industry Minister Anand Sharma will be meeting Finance Minister Pranab Mukherjee to make a case for the extension of one of the most popular incentives to exporters, the Duty Entitlement Passbook Scheme (DEPB), which is slated for expiry on June 30. DEPB is a duty reimbursement scheme, launched 14 years earlier.
Prime Minister Manmohan Singh on Wednesday discussed with his senior Cabinet colleagues the Mullaperiyar dam issue over which Tamil Nadu and Kerala have been at loggerheads.
In the Economic Survey, the government had projected that India's GDP growth would be between 8.75 per cent to 9.25 per cent this fiscal.
Mobile handsets could be marginally cheaper with the Finance Minister today announcing tax exemptions for chargers, batteries and accessories.
It is believed that a large majority of them are third country investors which use the Double Taxation Avoidance Convention with Mauritius for saving capital gains tax.
Finance Minister has proposed to levy MAT of 18.5 per cent on the book profits of Special Economic Zone developers and units.
The government on Friday said that India is the fifth most indebted country among the 20 developing nations but its debt is within manageable limits.
A day before taking charge, Finance Minister Pranab Mukherjee on Sunday met senior officials of the ministry to discuss issues related to the economy.
Going by the current pace, UIDAI seems unlikely to meet the target of issuing a million Aadhaar numbers a day to cover half the country by 2013.
Finance Minister Pranab Mukherjee gave the Business Today Best CFO in the Public Sector Award to Sarraf, ONGC said.
Dismissing fears of a slowdown, Finance Minister Pranab Mukherjee on Monday said India's growth drivers are intact and the Centre is committed to policy reforms.
The Congress has launched a campaign to counter the anti-graft movement by Anna Hazare and Baba Ramdev and accused a section of civil society of trying to weaken democratic institutions.
Justice Santosh Hegde on Saturday indicated that he may not resign from the joint drafting committee on Lokpal Bill after Finance Minister Pranab Mukherjee's statement that the government was looking forward to enacting a strong anti-corruption legislation.
While drought in about half of the country, including producing regions of north-western India, hampered the sowing process, with areas under the paddy crop declining by about six million hectares, floods in Andhra Pradesh, Karnataka and Maharashtra damaged the standing crop.
A day after they placed their demands before Finance Minister Pranab Mukherjee, including restructuring of the 'massive debt burden' faced by the state, a delegation of Trinamool MPs met the Prime Minister to raise the issue.
Deora, who met Mukherjee on Monday afternoon to present his ministry's Budget wishlist, also discussed the deregulation of fuel prices.
Finance Minister Pranab Mukherjee, Home Minister P Chidambaram, Defence Minister AK Antony and Congress president's political secretary Ahamed Patel were present at the Congress core group meeting in which the Lokpal issue was discussed, sources said
The Income-Tax Department has turned down a proposal by the Department of Economic Affairs to go slow on refunds to taxpayers.
Labour secretary dismisses finance secretary's doubts, says there is enough in the account to pay 9.5%.
Last year, the World Bank Group launched South-South Experience Exchange Facility to promote the idea that the development sucesses in one country can pull people out of poverty in another.
Finance Minister Pranab Mukherjee on Monday proposed to introduce a new simplified income tax return form 'Sugam' to reduce compliance burden of small taxpayers.
Government originally planned to roll out GST from April 1 last year, but a consensus could not be reached on the introduction of the Bill.
The Prime Minister's Council on Trade and Industry comprising top industrialists and bankers met on Wednesday and reviewed the economic situation, particularly in the wake of the European financial crisis.
The Finance Ministry will soon unveil the simpler income tax return form 'Sugam', which is aimed at reducing compliance burden on small businessmen and professionals.
Prime Minister Manmohan Singh is expected to meet United Progressive Alliance chairperson Sonia Gandhi again on Sunday to discuss matters related to Monday's expected Cabinet reshuffle. Dr Singh had met Sonia Gandhi in this regard earlier on Saturday. Dr Singh also met Kapil Sibal, who is presently holding the telecommunications and human resources development ministerial portfolios. It is likely that he may be relieved of some responsibility in the reshuffle.
The all-party meet called by Union Finance Minister Pranab Mukherjee to resolve the deadlock in the Parliament ahead of the Budget session ended inconclusively on Tuesday with the Bharatiya Janata Party-led Opposition sticking to their demand for a Joint Parliamentary Committee probe into the 2G scam.
Finance Minister Pranab Mukherjee says exporters will have to "fight" their own battle.
The government has replied to Vodafone's notice that threatened international arbitration, saying there was no cause of action. It may send a reply and a tax notice to the company after the Finance Act is notified in the official gazette.
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