Congress President Sonia Gandhi on Monday stepped into the 2G spectrum row that has engulfed the government by meeting Home Minister P Chidambaram and Finance Minister Pranab Mukherjee amid unconfirmed reports that the former had offered to quit.
Finance Minister Pranab Mukherjee had earlier given a tax holiday to the Railways till December 31. Banerjee now wants the tax relief extended to March 31.
Food production in the current fiscal is likely to go down as sowing will be 20 per cent lower due to the weak monsoon, Finance Minister Pranab Mukherjee said on Tuesday. Also, 161 districts have been declared drought-prone, he added.
The assurance came at a bilateral meeting between Mukherjee and German Finance Minister Wolfgang Schaeuble on the sidelines of the meeting of the G-20 Finance Ministers and Central Bank Governors that concluded in Paris on Saturday.
As the 2G fire rages, Finance Minister Pranab Mukherjee has written a letter to Prime Minister Manmohan Singh setting out in detail the events surrounding the controversial allocation of spectrum.
Finance Minister Pranab Mukherjee is expected to file on June 28 his nomination papers for the Presidential election.
Economists expect a push to reforms by newly-appointed Finance Minister Pranab Mukherjee, who they said is the right person to head the important ministry.
By asking Finance Minister Pranab Mukherjee to move the resolution authorising the Congress president to select the party's presidential nominee, Sonia Gandhi has strengthened her political position. Sheela Bhatt analyses
Finance Minister Pranab Mukherjee and other finance ministry officials have reached the last leg of pre-Budget consultations.
The finance minister said after quite some time food inflation has become 'very moderate'.
Tax experts said as a result of the amendments, companies operating from countries with which India didn't have DTAAs, would try to shift to countries with which India had such agreements, including Mauritius.
The Centre is working out a financial package for West Bengal to tide over the huge problems the new government has inherited from the Left Front administration, Union Finance Minister Pranab Mukherjee said on Monday.
There are allegations that MFIs are charging exorbitant interest rates and using strong-arm tactics to recover the loans.
Mukherjee has always been obliging to mediapersons waiting for comments outside his North Block office on various issues plaguing the economy and sometimes on politics.
After reducing duties on petroleum products, the Centre has now asked the states to follow suit.
Singh made these comments at the launch of Mukherjee's book -- The coalition years.
The minister, while replying to the debate on Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020, was responding to various issues raised by the Congress and other Opposition parties about the PM CARES Fund.
He indicated that the government was looking into the problems of the small and medium sector. To a question Mukherjee said, 'there will always be a gap between what should be done and what can be done. The Union Budget is usually presented on the last day of February every year'.
Facebook-owned messaging platform said Indian journalists and human right activists were among those globally spied upon by unnamed entities using an Israeli sypware Pegasus.
In the run-up to Budget, Congress leaders have urged Finance Minister Pranab Mukherjee to take steps to appease the 'common man' - to raise the income tax exemption limit, reduce interest rates and provide greater Budgetary allocations for poverty alleviation programmes.
Moving the Finance Bill, 2012 for consideration and passage in the Lok Sabha, Mukherjee halved the capital gains tax for private equity investors to 10 per cent and relaxed the norms for arrest of persons involved in violation of Customs Act.
Finance Minister Pranab Mukherjee on Thursday expressed concern over rising food inflation, saying it is perilously near double digits.
"Soon I will not be a political entity," Pranab Mukherjee remarked hours before he resigns as finance minister to contest Presidential poll, but promised to deliver his "last message" before he bids adieu.
BJP's Adhikari said that an opposition MLA is usually appointed as the PAC chairperson following the norm, but the TMC misused that rule to appoint Roy as its chairman.
Mukherjee, accompanied by Andhra Pradesh Chief Minister N Kirankumar Reddy, was in the temple for about 30 minutes. Before leaving the shrine, Mukherjee was presented with sacred laddu prasadam and holy water by temple management, temple sources told PTI
Congress president Sonia Gandhi on Monday had separate meetings with Finance Minister Pranab Mukherjee and Home Minister P Chidambaram, stepping in to defuse the raging row over the controversial finance ministry note on 2G spectrum allocation.
Finance Minister Pranab Mukherjee lost his temper in the Rajya Sabha on Tuesday after being repeatedly interrupted by Communist Party of India - Marxist member Brinda Karat during discussions on the price rise issue. "I am not going to accept this. This is indiscipline. It is not permitted here," an incensed Mukherjee retorted at Karat's intervention. As she objected to his remarks, Mukherjee shot back, "Please do not show your temper here, show your temper somewhere else."
Finance Minister Pranab Mukherjee has said there may be 30 per cent gap in infrastructure funding requirement, targetted at Rs 41 trillion, in the 12th Five Year Plan (2012-2017).
Politics over its critical reports on scams echoed in the 150th anniversary celebrations of the Comptroller and Auditor General on Wednesday when Bharatiya Janata Party leader and Public Accounts Committee Chairman Murli Manohar Joshi praised Finance Minister Pranab Mukherjee for defending both the CAG and the PAC when they came under attack.
Before leaving to tender his resignation to Prime Minister Manmohan Singh, Mukherjee said, " I stand ready to embark on a new journey".
An interview with finance minister Pranab Mukherjee.
If budget policy started changing around the mid-1980s, it is for a reason. The original oak wood table used by successive finance ministers, right from the time of the interim government before Independence, went missing around then.
Cong leaders Rahul and Priyanka Gandhi, former Prez Pranab Mukherjee, NCP chief Sharad Pawar, RJD leader Tejashwi Yadav, SP chief Akhilesh Yadav as well as CMs of six states to be present at the occasion.
Finance Minister Pranab Mukherjee on Friday said the government is considering further liberalisation of the country's foreign direct investment policy for attracting investment in the infrastructure sector.
Finance Minister Pranab Mukherjee on Friday asserted that India's economy is 'robust' and its growth story is intact, amid fears of another global economic turmoil that sent the world stocks into a tailspin.
Finance Minister Pranab Mukherjee is likely to oppose suggestions to introduce a financial transaction tax, commonly known as tobin tax.
This is Finance Minister Pranab Mukherjee's fourth regular Budget.
Finance Minister Pranab Mukherjee presented the Union Budget for 2012-13 on Friday.
Many experts, including Nobel laureate Joseph Stiglitz, also suggested that industrial groups should not be allowed to do banking business.
Pranab Mukherjee and P Chidambaram on Thursday sought to put an end to the raging controversy over the finance ministry note on 2G spectrum with the finance minister distancing himself from the statement that sought to blame the home minister.
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