This is the first time that the 73-year-old former finance and home minister is being grilled by the ED in this case.
The focus of the Union Budget is on providing basic amenities to the poor, middle class and youth, Prime Minister Narendra Modi said on Wednesday, and asserted that it is imperative that India becomes self-reliant.
'The people of Tamil Nadu in particular Chennai know about the double standards of the BJP. Nothing will work for them here.'
In the June quarter of FY24, 51 per cent of consumers who took small-ticket personal loans already had more than four credit products at the time of accessing yet another new loan, compared with just 17 per cent in the June quarter of FY20, points out Tamal Bandyopadhyay.
The government on Tuesday said it will allow setting up of world-class foreign universities in Gandhinagar's GIFT City, free from domestic regulations, to facilitate availability of skilled manpower in the financial services space. In addition, an international arbitration centre will be set up in the GIFT City for timely settlement of disputes under international jurisprudence, Finance Minister Nirmala Sitharaman said while presenting the Union Budget for 2022-23. The centre could be on the lines of the Singapore International Arbitration Centre, or the London Commercial Arbitration Centre.
The government has given the Yadavs opposing the Women's Reservation Bill a face saver by which they can withdraw their agitation in the Lok Sabha and allow the House to function, and in return, the government has promised them nothing more than a dialogue and time to discuss the bill with Union finance minister Pranab Mukherjee, not even promising them an all party meeting.
A recent decision of the high court in Chennai on the levy of service tax on software sale has made the Union finance ministry hopeful of a similar verdict in the case of copyright services.
The Lok Sabha on Wednesday passed three bills to replace the colonial-era criminal laws by voice vote.
The government's programmes should be expected to generate some momentum, but the macro-economic numbers are not encouraging, observes T N Ninan.
She posed for the traditional 'briefcase' picture outside her office along with her team of officials before heading to meet the President. She, however, was holding a tablet instead of a briefcase to present the Budget in a digital format.
'If the museum in his memory inspires and instils among Brahminical British Indians an attitude of equality towards Dalits, the edifice would be worth it,' reports Ashis Ray.
India's mutual fund (MF) industry had barely any retail footprint when it completed 50 years in 2013. MFs had Rs 7 trillion in assets under management (AUM) in March 2013, of which around Rs 5 trillion was in institution-focused debt funds. By comparison, bank deposits in the country stood at Rs 67.5 trillion around the same time.
The MPs went right up to the entrance of South Block, but were stopped at the first check point.
From the seas to the stars, this partnership will now be deepened by the defining role of technology, the statement said.
India's new Finance Minister P Chidambaram has directed his ministry officials to be prepared to present the Union Budget on either July 2 or July 5.
Union Finance Minister P Chidambaram, on Tuesday, said that he would not discuss with the media what steps the government is taking to bring down rising prices. He was speaking to journalists outside Parliament soon after the first adjournment of the house on Tuesday morning on the issue of rising prices.
'But we are much better than what we all had expected and planned, and what all the prophets of doom had predicted.'
Right now the challenge before the government is to double the speed of construction in order to complete the remaining 6.6 million houses before March 2019.
Probe agencies have found a common link between money received by Firdous Ahmad Shah, a member of Syed Ali Shah Geelani's hardline Hurriyat Conference, and financiers of 26/11.
However, he pointed out that the manner in which Smriti Irani was taking the name of President in the House was not proper and in consonance with the status and position of the President.
The recess allows department-related standing committees to examine demands for grants of various ministries. The Finance Bill and related demands for grants are passed in the second phase of the Budget session.
'Nirmalaji must consider herself a very lucky finance minister, partly because of the government's response to covid and partly because we as a nation have done very well as an economy, post pandemic.'
Once three officers reached inside, they opened the gates to allow other team members waiting outside.
As yet another day of Lok Sabha proceedings were adjourned due to vociferous protests, Joshi, the Union parliamentary affairs minister, urged the protesting members to allow the House to function while speaking during the Question Hour.
The government on Monday said it was willing to discuss every issue under rules during the Budget session of Parliament and sought the support of the Opposition in running the proceedings smoothly.
Political temperatures were soaring in several states that could see close contests, with parties trying to keep their flock together and trading accusations of poaching of MLAs.
Top Congress sources said they would not hold up the Bill.
'Looking at the speed at which changes were made post the Franklin Templeton issue, we are awaiting more stricter norms in the months to come.'
Finance Minister Nirmala Sitharaman on Wednesday rebutted the Opposition's charge that the Bharatiya Janata Party too shared the responsibility for the failure to check the exodus of Kashmiri Pandits in 1990 as it was supporting the then V P Singh-led government at the Centre.
Budget speeches have been replete with incomprehensible and even hilarious statements, says Rathin Roy.
The Rajya Sabha is slated for a 12-hour discussion on the Motion of Thanks to the President's address to the joint session of the two Houses of Parliament, which also includes the reply by the prime minister, which is likely next Tuesday.
Union ministers Nirmala Sitharaman and Piyush Goyal, Randeep Surjewala and Jairam Ramesh of the Congress and Shiv Sena's Sanjay Raut were among the 16 candidates elected to the Rajya Sabha from four states where polling was held on Friday after tussle over cross voting and alleged breach of election rules delayed the counting by around eight hours in Maharashtra and Haryana.
"He has already apologised," Sonia Gandhi responded to the media on party's Adhir Chowdhury's 'rashtrapatni' remark.
The Budget Session of Parliament will commence on Monday and is scheduled to conclude on April 8 wherein the first part of the session will extend up to February 11, said the Lok Sabha Secretariat on Sunday.
'... the government provides adequate cash and kind support for the poorest of the poor for survival... ...conditional cash and skilling support for the economically poor to raise their incomes to adequate levels... ...and make functional arrangements for providing unemployment allowance to the vulnerable poor during disasters like the present one.'
Sparks flew on the first day of the debate on the no-trust motion moved by the Congress with the Opposition on Tuesday asserting that it was forced to do so to break Prime Minister Narendra Modi's 'maun vrat' (vow of silence) on Manipur and the treasury benches hitting back saying it was a no-trust vote against a 'poor person's son' who has worked for the welfare of the people.
'My wife, family members as well as members of the workers will be trustees.' 'The trust will take all decisions -- no family member can individually take any decision.'
The Congress on Thursday accused Bharatiya Janata Party MPs of subjecting Sonia Gandhi to "brutal heckling, verbal assault and physical intimidation", and demanded an apology from Prime Minister Narendra Modi.
Lok Sabha proceedings were adjourned for the day on Thursday following a request from the government that the Indian Antarctic Bill, 2022 be taken up for consideration when Opposition members are also present in the House.
