Finance Minister Arun Jaitley is unlikely to heed economists' suggestion that an inheritance tax be introduced in Budget 201415 as an additional revenue stream.
'We must encourage ambitious leaders and not stifle them.'
Other Congress leaders who are learnt to have spoken with Pilot are Ahmed Patel, P Chidambaram and K C Venugopal.
Chidambaram questioned the Narendra Modi government whether its demonetisation decision was designed to convert black money into white.
With just eight days left for the winter session, Jaitley and Parliamentary Affairs Minster M Venkaiah Naidu held consultations with Leader of Opposition in Rajya Sabha Ghulam Nabi Azad and Deputy Leader Anand Sharma.
Cong leaders speak in two voices but final stand may be decided at a meeting headed by Rahul Gandhi next week
Union ministers fanned out across the country to highlight the crackdown on black money to mark the first anniversary of demonetisation on Wednesday which the Bharatiya Janata Party celebrated as "Anti Black Money Day" while the Congress-led Opposition observed it as "Black Day" with street protests.
Amid the raging row over National Herald case, the Congress on Sunday asserted that the allegations and "insinuations" against party leaders Sonia Gandhi and Rahul Gandhi are "deliberately orchestrated", "patently false" and "defamatory" as they have "not received a rupee".
The dangerous thing about the present situation is that the government is complacent enough to not realise that we are in the midst of a protracted economic slowdown, Singh said.
Congress leader Rahul Gandhi alleged that Modi's move was aimed at helping a few of his 'crony capitalist friends' and had 'destroyed' the Indian economy, prompting a strong response from the BJP which said the exercise was an 'attack' on corruption and black money that were rampant during the 'lost decade' of the Congress-led United Progressive Alliance government.
Rajan's departure from the RBI is an end to 'outside interference' in policy making, government insiders feel.
Debroy, in an interview with India TV news anchor Karan Thapar, said there would be no shortage of currency notes and the demonetisation exercise was justified -- it would be a deterrent for future generations.
Days after he attacked Home Minister Sushilkumar Shinde, former Home Secretary R K Singh has been stripped of his personal staff by the government.
Though not a blockbuster budget it does not undermine the fact that key issues were addressed and the finance minister certainly did not under-deliver, says Vatsal Srivastava.
The Congress is finding it tough to accommodate defeated senior leaders in the Rajya Sabha as it does not have the numerical strength in various assemblies to win the seats.
The Financial Stability and Development Council members include heads of regulatory bodies like RBI, Sebi and Insurance Regulatory Development Authority.
The opposition has attacked the Modi government over the National Democratic Alliance's last full-fledged budget before the 2019 Lok Sabha elections.
Jaitley said note ban has compelled people to deposit money into bank accounts.
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The Keynesian advice comes after Finance Minister P Chidambaram has said he considers the fiscal deficit at 4.8 per cent of gross domestic product in 2013-14 as a 'red line'.
Asked about the clash between Chinese and Indian soldiers at Galwan Valley in Ladakh last month, Pawar said, "When I say there should be no politics over the issue, it is because we can attack them. But the entire country will have to pay a heavy price when there is retaliation to the attack."
Converting what was supposed to be an interim budget or a vote on account into an almost full-fledged budget announcement in the Lok Sabha, Finance Minister Piyush Goyal proposed an array of incentives for both middle-class and farmers, whose disenchantment was said to have cost the BJP dearly in recent assembly elections.
Department of financial services secretary Sanjay Malhotra held a meeting with heads of PSBs, insurance companies and financial institutions for identifying ways to support Agniveers on completion of their tenure of duty.
Political Pundit R Rajagopalan lists his big takeaways from the election results.
No home food for Karti, medicines allowed only on prescription.
He said it will be 'foolhardy' to diminish institutions for short-term political gains.
Subramanian Swamy said if income tax is abolished, middle class will deposit money in banks which can be invested in manufacturing.
He was a nine-time MLA, one-time Lok Sabha member and former finance minister of Tamil Nadu and a close friend of former Chief Minister late Karunanidhi.
O Paneerselvam did not even sit in Jayalalithaa's office chamber and left her seat vacant in the assembly. This time Amma is not coming back and he has a large number of challenges awaiting him.
Jaitley's team presents a quintessential mix of foreign-educated, intellectual technocrats and seasoned bureaucrats
CBI officials, who questioned former RBI deputy governor H R Khan on Friday, wanted to understand from him why the gold scheme was rushed through without taking into the account the impact and potential misuse.
The fascists in control of our nation, are afraid of the voices of our brave students. Today's violence in JNU is a reflection of that fear, Rahul Gandhi said in a tweet
The court's direction came after Singh alleged conspiracy over filing of "frivolous anonymous complaints" against him with the revenue secretary saying these were being entertained by the ED.
Former Union minister K V Thangkabalu, a senior Congress leader from Tamil Nadu, has decided not to contest the Lok Sabha elections.
It has registered 2,000-plus money laundering cases and about 12,000 forex violation ones in the 14 years since it was established. Yet, its probes have resulted in no more than 13 convictions from nine cases of money laundering since 2005.
Differing with his government's stand of abstaining from voting in UNHRC on the US-sponsored resolution against Sri Lanka, Finance Minister P Chidambaram on Friday said New Delhi should have supported it.
"This rationalisation is 3-4 month exercise," he said, adding that the GST Council decided on the rate cut on the recommendation of a Fitment Committee.
Storming the capital with a whirlwind campaign, Narendra Modi on Saturday attacked Prime Minister Manmohan Singh and Finance Minister P Chidambaram and alleged that they have ruined the country with their "bookish knowledge".
'If the 'ideology' is just Hindutva, meaning cattle slaughter, temple issue, love jihad, joined with random acts on the side of economics and foreign policy, then we are in deeper trouble than we think,' says Aakar Patel.
'It is entirely possible that Sonia Gandhi wants her son to be prime minister.' 'If so, it is game, set and match to the BJP,' says T C A Srinivasa-Raghavan.
The leaders alleged that those who had no contribution in the freedom struggle wanted to spread fear 'in the name of nationalism', suppress the voice of people and were questioning the legacy of Congress.
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