Finance Minister Pranab Mukherjee sought to soothe the frayed nerves of India's financial regulators by saying the government would not undermine their autonomy. Mukherjee's assurance came a day after Reserve Bank of India Governor D Subbarao went public with his "concerns" over dilution of the central bank's role in dealing with inter-regulatory disputes in the Ordinance issued last month.
Chairman C P Radhakrishnan said he will take it up with the government and asked a junior minister to request the presence of a Cabinet minister in the House.
The FM also said the government has proposed a joint panel of Corporate Affairs Ministry and CBDT for incorporation of income computation and disclosure standards.
Various reforms, including GST, labour codes, and quality control order, have been rolled out since August 15.
Punjab's AAP government is aggressively tackling drug trafficking through strict enforcement, community involvement, and preventive education, resulting in significant arrests, seizures, and a high conviction rate.
Indian banks, which are increasingly getting worried due to asset-liability mismatch, have sought the government's approval to float tax-free bonds.
Harivansh is likely to be elected as the Rajya Sabha deputy chairman for a third term as the opposition has decided to boycott the election in protest.
'At the first sign of real trouble, that money will move. There will be a run.'
Two Enforcement Directorate officers who participated in the raid against I-PAC in Kolkata this January received an award for their 'exceptional competence'.
The Indian government has increased import duties on gold and silver from 6 per cent to 15 per cent to curb inbound shipments of precious metals amid a rising import bill due to the West Asia crisis.
Amidst global energy market volatility driven by the West Asia crisis, Russia has proposed increasing its crude oil and natural gas supplies to India, strengthening bilateral energy ties and aiming for USD 100 billion in annual trade by 2030.
'When we start describing somebody as an enemy that is the start of politics and emotion after which no business can take place.' 'We need to get out of this, allow Indian businessmen to do business with China.'
The Beijing summit may have reduced immediate diplomatic uncertainty, but it did not resolve the deeper structural contest between the United States and China. That contest appears likely to define the coming decade, notes Varun Arya.
There are wide spread speculations in corridors of power in the Capital that Deputy Chairman of Planning Commission Montek Singh Ahluwalia may take over as the next finance minister of India.
In a major embarrassment to the Congress-led United Democratic Frontn government in Kerala, state Finance Minister K M Mani was on Thursday booked by the vigilance and anti-corruption bureau in the bar bribe scam.
M Govinda Rao hopes the Budget will contain the deficit while continuing to create conditions for pushing growth.
Andhra Pradesh is spearheading an ambitious initiative to establish a fully integrated beach sand minerals, rare earth, and titanium ecosystem, aiming to attract over 50,000 crore in investments over the next decade. This move is part of India's broader strategy to reduce its reliance on China for strategic minerals and permanent magnets, with the state preparing a comprehensive rare earth policy and planning specialised industrial clusters.
Infographics break down the key numbers and decisions, making it quick and easy to understand what the Budget means for the economy.
'In all these years of rupee depreciation, of rising oil prices, of inflation caused by import dependence, not one leader had the courage to look the people in the eye and say: Please do this for your country.'
The minister customarily meets industry chambers, industrialists, economists, agriculturalists, trade unions and so on for pre-Budget interactions.
Will he tax the salaried class more? Will he give respite to the corporates? Will he smile at the housewife, the pensioner, the middle class? Will he usher in more reforms to boost the economy?
There were two questions everyone wanted to know the answer to. 1. Did Raghuram Rajan advise the Congress on the much-discussed NYAY scheme, as claimed by Rahul Gandhi? 2. Will Raghuram Rajan become India's next finance minister?
The CBI has registered an FIR in the alleged murder of Chandranath Rath, an aide to West Bengal Chief Minister Suvendu Adhikari, taking over the investigation from the state police following a request from the state government.
The CBI has taken over the investigation into the murder of Chandranath Rath, an aide to West Bengal Chief Minister Suvendu Adhikari. A Special Investigation Team (SIT) has been formed to probe the killing, which occurred shortly after the BJP's victory in the assembly elections.
The Indian government has imposed penalties totalling nearly 20 crore on various companies for non-compliance with Corporate Social Responsibility (CSR) norms over the past three financial years, as revealed in the Rajya Sabha.
Finance Minister Arun Jaitley in conversation after presenting his first full Budget in parliament today...
At least 89 people have died in Uttar Pradesh after severe storms and heavy rain caused widespread damage, uprooting trees and electric poles and damaging homes. Chief Minister Yogi Adityanath has directed officials to provide immediate relief to affected families.
Statues of freedom fighters demolished in Shahjahanpur district, Uttar Pradesh, have been reinstalled within 24 hours following the Chief Minister's orders, prompting calls for a thorough investigation into the incident.
The Union Cabinet headed by Prime Minister Narendra Modi on Sunday approved the Union Budget 2026-27.
Nine days after he took charge of the finance ministry after incumbent P Chidambaram was shifted to the home ministry following the terror attacks in Mumbai, Prime Minister Manmohan Singh has informed Congress President Sonia Gandhi that a full-time Cabinet minister would be needed for the portfolio because he was extremely busy with other works.
'Look at the way SIR that was implemented in Bengal. They wanted to entirely curate the voter list in order to suit their purposes and victory.' 'Look at the targeted deletions and the targeted voting list.' 'The difference between the TMC and the BJP was only about 4% but that 4% vote was done so selectively that the difference ultimately showed up as 100 seats!'
The finance chiefs face the daunting task of putting flesh on the bare bones of the agreement reached by EU leaders last month, intended to stem the fiscal bleed afflicting the region.
The finance minister hiked the total defence expenditure from Rs 203,672 crore in FY 2013-2014 to Rs 229,000 crore for FY 2014-2015. Though the increase appears substantial, it is insufficient to undertake the military modernisation necessary to meet the emerging threats, feels Brigadier Gurmeet Kanwal (retd).
Union Minister Pankaj Chaudhary stated that Prime Minister Narendra Modi strengthened the Enforcement Directorate to combat financial crimes like money laundering and corruption, dismissing allegations of it being used to target political opponents.
As many as 17 cancer drugs, along with medicines and food for special medical needs for seven rare diseases, components for microwave ovens are some of the items that are set to become cheaper with Finance Minister Nirmala Sitharaman announcing cuts in customs duty in the Union Budget 2026-27.
Union Minister Pankaj Chaudhary stated that Prime Minister Narendra Modi strengthened the Enforcement Directorate (ED) to combat financial crimes like money laundering and corruption, dismissing allegations of it being used to target political opponents.
Is the current rally telegraphing a durable peace plan in West Asia, boosted by United States (US) President Donald Trump's incoherent and contradictory posts on social media?
What items did Finance Minister Nirmala Sitharaman make costlier?
There is no cause for concern, as the overall situation arising out of the crisis is firmly under control, the Centre informed while briefing political parties at the all-party meet.
The BJP-led government in Bihar secured a vote of confidence in the state assembly, with Chief Minister Samrat Choudhary pledging economic development and significant investments. The motion was passed amidst heated debates and accusations between the ruling NDA and the opposition, highlighting political tensions and differing views on issues like women's reservation.
