The US corporate world wanted India to address issues relating to foreign investment in infrastructure and insurance sectors.
State-owned oil firms have seen their losses on diesel sales widen to over Rs 6 per litre, even as a ministerial panel meeting on raising prices has not yet been scheduled.
From withdrawing the stimulus to implementing the Finance Commission proposals, the FM has his task cut out.
Prime Minister Dr Manmohan Singh on Tuesday conferred with his top colleagues as Uttar Pradesh government sought nearly 50,000 central paramilitary personnel for tackling any possible law and order problem after the Allahabad high court judgment next month in the Ayodhya title dispute.
The government on Tuesday said inflation is not an immediate concern and will continue with the fiscal stimulus measures till the economy recovers fully.
To modernise the tax system, the government has proposed to replace the Income Tax Act, 1961, with a new legislation.
Amid pressure from various quarters for an early decision on the creation of a separate state of Telangana, the government on Saturday said more consultations with various parties are needed on the contentious statehood demand and the exercise would take "some time" to end. Finance Minister Pranab Mukherjee, Health Minister Ghulam Nabi Azad and political secretary to Congress president Ahmed Patel discussed the situation in Telangana region in Andhra Pradesh.
A memorandum of understanding between the defence and telecom ministries for vacation of spectrum was signed two years ago.
The government on Monday said that it had not violated any election code of conduct in connection with its ambitious direct cash transfer scheme as it was announced in the budget speech by the then Finance Minister Pranab Mukherjee.
Facing stiff opposition over the Nuclear Liability Bill, the government on Friday said it will consult all political parties before tabling the draft legislation in Parliament. "
Finance Minister Pranab Mukherjee on Monday said that revenue authorities have detected tax evasion of about Rs 1 lakh crore (Rs 1 trillion) during the past 18 months as a result of international cooperation as well as domestic surveillance.
Chief of Army General VK Singh and heads of the Intelligence Bureau and Research and Analysis Wing will also attend the meeting where Chidambaram would give his ministry's assessment of the situation in the valley. The CCS would also discuss the request for army assistance sought by and Kashmir Chief Ministe Omar Abdullah to help control the vloatile situation in the state
In a bonanza for lawmakers, Finance Minister Pranab Mukherjee on Friday announced that the constituency fund of Members of Parliament will be more than doubled to Rs 5 crore per year from April 1.
Hoping to meet the indirect tax collection target this fiscal despite a negative trend in the first four months, Finance Minister Pranab Mukherjee on Tuesday ruled out tax cuts to tackle the drought faced by nearly half of the country.
This activity will allow us to identify those jurisdictions where either the legal framework is not good enough or practices are not good enough and, therefore, information is not flowing.
A week ahead of the RBI reviewing the monetary policy with expectations of a policy rate hike, Commerce and Industry Minister Anand Sharma has cautioned that raising cost of borrowing "may not be suitable" tool to rein in inflation.
The failure of Finance Minister Pranab Mukherjee's Budget in slashing securities transaction tax, the status quo when it came to short-term capital gains tax, no substantial increase in exemption level for calculating personal income tax and no complete tax exemption on interest income earned by senior citizens was a huge letdown for Siddharth Kuvavala.
Extension of tax break is part of the efforts to scale up the power generation capacity.
Rising food prices are pinching everybody and he would like to do his bit to increase purchasing power.
Industry is of the view that rising interest rates is increasing the input cost as loans are getting costlier.
The Cabinet Committee on Security today took stock of the situation arising out of the Pune bomb blast and is understood to have discussed issues related to the upcoming foreign secretary-level talks with Pakistan.
The ministry wanted to use spectrum in the 700-MHz band for mobile TV services.
The government is considering to roll back 10 per cent excise duty on branded garments, due to large scale protest by industry bodies in many parts of the country, including West Bengal, which goes to polls next month.
Civil servants, armed forces and paramilitary personnel will get to rejoice this Independence Day with the government all set to approve the Sixth Pay Commission report in its Cabinet meeting on Thursday.
Rediff.com brings to you Finance Minister Pranab Mukherjee's Budget Speech Live from Parliament at 11.00 a.m. on February 26.
Quoting medieval India's political thinker Kautilya as well as Mahatma Gandhi, finance minister Pranab Mukherjee on Monday punctuated his Budget speech with words of wisdom, wit and humour.
Inflation is expected to be higher in December than 7.48 per cent in November, since food inflation has surged up to 18.32 per cent during the week ended December 25.
Bharti chairman Sunil Mittal MTN group president and CEO Phuthuma Nhlek had met Finance Minister Pranab Mukherjee on Monday. The two telecom majors extended the deadline for exclusive talks for their proposed $23-billion deal to the end of next month recently.
The joint drafting committee on the Lokpal Bill met in New Delhi on Tuesday for the last time amid "fresh and serious" differences between the government and Anna Hazare team.
At a meeting of the Institute of International Finance, a global association of financial institutions, Standard Chartered Bank Chief Economist, Gerard Lyons, raised doubts over the Centre's projections of reducing fiscal deficit from 2010-11's estimate of 5.1 per cent. "I am skeptical whether fiscal deficit can be reduced as planned," he said.
In the pre-budget Economic Survey 2010-11, the Union finance ministry made a strong pitch for the pro-growth impact of investment in human capital adding, "fortunately, there is awareness of this in India and efforts are afoot in terms of budgetary allocation and actual initiatives to boost the development of skill and human capital."
In a big relief from cumbersome tax filing process for the salaried class, Finance Minister Pranab Mukherjee on Monday proposed to exempt them from filing tax returns unless they have other sources of income.
On an annual basis, onions became costlier by 33.48 per cent, whereas on a week-on-week basis, the increase was 4.56 per cent, government data released here shows.
Finance Minister Pranab Mukherjee said the Centre was willing to consider a phased approach to the introduction of Goods and Services Tax (GST), to reach a consensus on the issue. Mukherjee said he would expect the rollout of GST simultaneously with the Direct Taxes Code (DTC), scheduled for April, but there were some issues.
A group of ministers led by Finance Minister Pranab Mukherjee on Tuesday allowed Air India to raise Rs 7,400 crore (Rs 74 billion) by issuing government-guaranteed bonds or by other means.
Wholesale price-based inflation, which remained high during most of 2011, has started showing signs of moderation and was 6.95 per cent in February.
As Pranab Mukherjee steps down as President, we remember the man, the politician, the Rashtrapati.
In order to increase retail participation in the capital market, Finance Minister Pranab Mukherjee on proposed a tax exemption scheme for new investors.
Telephone use, eat-outs and other activities will cost more.
The Individual tax payer exemption limit to be raised to Rs 200,000 from Rs 180,000.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances