At the heart of his criticism is the delay in decision making and a lack of monitoring. Some officials, however, blamed the delays on overambitious contractors.
Industrial output growth rate remained flat in April.
Mukherjee's statement comes in the backdrop of a sharp decline in Indian stock markets.
Pranab Mukherjee's initials are PM. But everyone in the finance ministry is convinced he's the one moving to Rashtrapati Bhavan in the next few weeks.
Finance Minister Pranab Mukherjee on Sunday called on Sri Lankan President Mahinda Rajapaksa and discussed with him bilateral relations and the issue of resettlement of the war displaced Tamils.
Three TMC leaders Amit Mitra, Bratya Basu and Rathin Ghosh were sworn-in virtually. Mitra is unwell and both Basu and Ghosh are recuperating from COVID-19.
Amid sagging business outlooks from various chambers, economists on Wednesday told finance minister Pranab Mukherjee that Budget 2012-13 should restore the confidence of investors.
Finance Minister Pranab Mukherjee on Monday said that inflation will start easing soon as the government's efforts to remove supply-side bottlenecks have started yielding results.
At the IMF, India is expected to link announcement of additional resources to the IMF to the implementation of 2012 quota reform.
Troubleshooter for the Congress and the government not long ago, Pranab Mukherjee on Tuesday refrained from making any comments on UPA-II at a time when it is accused of non-performance.
The Bharatiya Janata Party on Friday alleged Prime Minister Manmohan Singh is "directly and openly" trying to put all the blame for the economic slowdown on former Finance Minister Pranab Mukherjee and charged that he was equally responsible for the state of affairs.
Moderating inflation and a likely reversal of tight monetary policy will boost the economic prospects during 2012, said Finance Minister Pranab Mukherjee.
Pranab Mukherjee, who resigned as the Finance Minister on Tuesday to contest for the post of President as a Congress nominee, sought to justify some of his tough and contentious decisions saying that they were taken in the interest of people.
Prime Minister Manmohan Singh on Saturday declined to disclose who will be Finance Minister Pranab Mukherjee's successor and whether the United Progressive Alliance government will have new partners. "I have been churning it in my mind," said Dr Singh when asked whether he has thought of Mukherjee's successor after his nomination as UPA's candidate for the Presidential elections.
The New Telecom policy 2011 and the Spectrum Act are expected to address these concerns.
A day after Union Finance Minister Pranab Mukherjee trashed Team Anna's allegations of corruption against him, its key member Arvind Kejriwal said he should face an independent probe to prove his innocence.
In the turf war between the battered Communist Party of India-Marxist and its arch rival, Trinamool Congress, veteran Congressman and Union Finance Minister Pranab Mukherjee has found a new place of prominence.
The government's plans to reign in petroleum subsidies to plug the fiscal deficit next financial year are in jeopardy, as a whopping Rs 2.13 lakh-crore revenue loss is expected at the current levels of global crude oil prices and domestic retail prices of controlled products.
Union Finance Minister Pranab Mukherjee on Sunday said treaties had been signed with a total 37 countries to know the details of money stashed abroad by Indians.
In order to augment funds for SMEs (Small and Medium Enterprises), Finance Minister Pranab Mukherjee, in the General Budget 2012-13 presented in Lok Sabha, has proposed to exempt capital gains tax on sale of a residential property, if the sale consideration is used for subscription in equity of a manufacturing SME company for purchase of new plant and machinery.
The finance minister said the early signs of improvement in the Indian economy are seen despite no big recovery visible in the global economy.
Contending that economic growth has been high during United Progressive Alliance rule, he admitted that gross domestic product of 7 per cent was 'not adequate' but refused to accept the opposition contention that it was all time low.
Strongly defending its decision to allow FDI in retail, Finance Minister Pranab Mukherjee on Thursday told Congress Members of Parliament that the government was "compelled" to suspend the move to avoid "pre-mature elections". Addressing the Congress Parliamentary Party, Mukherjee also apologised to members who had supported the government in allowing FDI in retail but said going ahead with the decision could have created a "crisis" for the government.
Briefing MPs on the Lokpal issue at a meeting of the Congress Parliamentary Party, Mukherjee told them that while the fundamental rights of a person to demonstrate was important, the government was also duty bound to save a human life. Voicing concern over the bad press the government was getting on the Lokpal issue, Congress members of Parliament wanted it to be proactive in apprising people about the truth of the matter.
In an interesting development, Finance Minister Pranab Mukherjee who is very much in the news these days would be travelling by a special plane to Udaipur, Rajsamand and Nathdwara temple in Rajasthan, accompanied by Union Road and Transport Minister C P Joshi for a one-day trip to the state on Saturday.
Finance Minister Pranab Mukherjee was conspicuous by his absence at a joint group photograph of members of both the Houses on Wednesday to commemorate 60th anniversary of Parliament as he was not informed.
For the past one-and-a-half months, railway minister Mamata Banerjee has stopped her informal interactions with finance minister Pranab Mukherjee after a sharp exchange on telephone over a municipal election issue.
Anna Hazare's demand for right to recall elected representatives and reject candidates is not feasible in a huge country like India, Union Finance Minister Pranab Mukherjee said on Friday and claimed that the provision, if implemented, would only create political instability.
He will pitch for American investment in Indian business opportunities.
The government has replied to Vodafone's notice that threatened international arbitration, saying there was no cause of action. It may send a reply and a tax notice to the company after the Finance Act is notified in the official gazette.
The Lok Sabha and the Rajya Sabha, holding special sittings on Sunday, will focus on the '60 years journey of Indian Parliament' as they celebrate 60th anniversary of its first session.
Concerned over huge revenues in form of customs, services and excise duties locked up in litigations, Finance Minister Pranab Mukherjee has constituted a committee to suggest steps to bring down such cases.
West Bengal Chief Minister Mamata Banerjee on Tuesday expressed disappointment about the outcome of a meeting with Union Finance minister Pranab Mukherjee on the financial condition of the cash-strapped state.
Releasing the book Icons of Pune, which profiles young entrepreneurs from the city, Mukherjee said the city was country's economic hub, with an expanding automobile and IT sectors.
India, which imports 12 per cent of its oil from Iran, will not scale down its petroleum imports from Tehran despite US and European sanctions against the Islamic republic, Finance Minister Pranab Mukherjee has said.
Finance Minister Pranab Mukherjee said that the government will have to find some solution to the feisty issue of opening up of retail sector for FDI.
The government on Friday said it is examining recommendations of the Parthasarathi Shome panel on controversial retrospective tax laws introduced in the last Budget.
The tax collections are down by Rs 60,000 crore (Rs 600 billion) over budget estimates for 2008-09, Pranab Mukherjee said.
Finance minister Pranab Mukherjee said he was confident of the DTC being recommended by the standing committee in the coming (winter) Parliament session.
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