"Food inflation is still negative... There is a declining trend... If this trend continues, then the overall inflation will be manageable, says Mukherjee.
The tsunami of recession that originated in the Wall Street and spread to Europe did not affect India because our banks are conservative, said Overseas Indian Affairs Minister Vayalar Ravi while addressing a seminar at the 10th Pravasi Bharatiya Diwas in Jaipur on Sunday.
Finance Minister and Congress trouble-shooter Pranab Mukherjee on Saturday took command of the consultations with Andhra Pradesh leaders to prepare the ground for the creation of Telangana, even as Prime Minister Manmohan Singh decided against imposing President's rule in the troubled state after holding talks with Governor E S L Narasimhan. Assisting Mukherjee in the consultations are Petroleum Minister S Jaipal Reddy and members of a core committee.
Finance Minister Pranab Mukherjee and Home Minister P Chidambaram on Saturday elicited the views of their junior cabinet colleagues and Congress leaders from Andhra Pradesh on the Telangana statehood demand, which has virtually divided the party on regional lines.
"The puja is around 100 years old. Pranab's grandfather late Jangaleswar Mukherjee started the puja," said Goutam Roy, who has been looking after puja arrangements for the last couple of years.
Some persons with accounts in a Swiss bank have paid taxes amounting to about Rs 180 crore so far, Finance Minister Pranab Mukherjee has said in Parliament. He did not disclose any name.
Mukherjee, along with Parliamentary Affairs Minister PK Bansal and Human Resources Development Minister Kapil Sibal, held meetings with BSP leader Satish C Mishra and RJD chief Lalu Prasad as the debate was underway in the Rajya Sabha in effort to woo them
After conducting a few pilot studies, the government is in the process of introducing a new accounting system in a phased manner that would provide an effective way to track and assess assets created out of public money.
"It is the job of Parliament to legislate. We (government) had several rounds of discussion with him (Anna Hazare) and his team. We know their viewpoints. About nine rounds of meetings have already been held with them. Thereafter also, through interlocutors some discussions also took place with them," Mukherjee told media persons at his south Kolkata residence.
When a group of pro-Telangana Members of Parliament went to meet Finance Minister Pranab Mukherjee on Wednesday to "discuss" the separate state issue, Mukherjee snapped at them and said: "Please don't waste my time. There is nothing more to discuss now."
The Intelligence Bureau dismissed the incident stating that there was no bug but a chewing gum in the finance minister's office. But then why would the Finance Minister even write a letter to the Prime Minister seeking his intervention if there was really nothing there?
Finance Minister Pranab Mukherjee attributed the 4.78 per cent spurt in inflation in November to rising prices of food articles. "Inflation has risen high mainly because prices of food articles have gone up," Mukherjee said.
Amid the government's keenness to introduce Lokpal Bill in Parliament before the end of the winter session on December 22, the Union Cabinet on Sunday night had informal discussions on the much-hyped legislation which is expected to be taken up by the Cabinet formally on Monday.
The OECD is a club of developing countries and has been playing a key role in reforming the international taxation system.
Finance Minister Pranab Mukherjee has said attempts were being made to vilify Pandit Jawaharlal Nehru in the wake of Jaswant Singh's book on Mohammad Ali Jinnah and said it was a malicious campaign to distort history for narrow partisan interests.
Corporate America has showered kudos on Finance Minister Pranab Mukherjee for his latest Budget, describing it as a 'very forward-looking confident budget'.
A new series of coins will be unveiled soon carrying the Rupee symbol, Finance Minister Pranab Mukherjee announced in the Budget.
India has the capacity and the resilience to overcome economic crisis, Finance Minister Pranab Mukherjee said on Tuesday in the Rajya Sabha.
Mukherjee said about Rs 2.42 lakh crore (Rs 2.42 trillion) in taxes is locked up in litigation before the CIT appeal, ITAT and high courts.
India's infrastructure financing requirements and the new manufacturing policy being finalised will open up $1 trillion opportunities for global investors over the next five years.
Leader of Opposition in the Lok Sabha Sushma Swaraj on Monday demanded that the United Progressive Alliance government convene an all-party meeting over the issue of Foreign Direct Investment in retail before making any statement on it in the Parliament.
According to sources, Finance Minister Pranab Mukherjee on Monday spoke to Opposition leaders about this decision. Details awaited.
After the empowered group of ministers' meeting on the 3G spectrum auction, finance minister Pranab Mukherjee was surrounded by journalists.
Meanwhile, Minister of State for Finance Namo Narain Meena, in a written reply to the Lok Sabha, said, "In the forward guidance of the second quarter review of the Monetary
GDP growth in 2010-11 stood at 8.5 per cent.
Finance Minister Pranab Mukherjee on Monday said adverse global economic developments, including the fallout of downgrade of the United States sovereign rating, present new opportunities to India and the country could become a source of stability for the world economy.
Hours after his angry outburst led to an hour-long adjournment of Lok Sabha, Finance Minister Pranab Mukherjee on Thursday expressed his "regret" for losing temper, saying it was not appropriate.
Factory output growth, as measured by the Index of Industrial Production, fell sharply to 1.8 per cent in December 2011, from 8.1 per cent a year ago, mainly on account of contraction in mining, capital goods and poor growth in manufacturing sector.
Finance Minister Pranab Mukherjee on Tuesday sought to soothe industry's and stock market's nerves by saying that the government would not monetise the fiscal deficit. Spending a good part of his reply in the Lok Sabha on allaying fears over the seeming lack of reforms in his July 6 Budget, Mukherjee promised a roadmap for disinvestment in public sector undertakings and the financial sector.
Pranab Mukherjee says India's economic fundamentals are strong.
Finance Minister Pranab Mukherjee met Prime Minister Manmohan Singh late on Tuesday night and is understood to have briefed him about his talks with West Bengal Chief Minister Mamata Banerjee.
President Pranab Mukherjee gave a touching farewell to 'gentleman' Manmohan Singh, recalling their four-decade-long association from Singh's bureaucracy days till he became the prime minister.
Terming sharp revision in the industrial production data as "totally baffling", Finance Minister Pranab Mukherjee on Friday said he has asked the authorities concerned to look into the issue.
Admitting that the benefits of high growth have not reached a large section of the country, Finance Minister Pranab Mukherjee said inclusive growth cannot be achieved without removing corruption.
Finance Minister Pranab Mukherjee was aware of the contents of the controversial 2G note which was issued as an office memorandum at the insistence of the Prime Minister's Office, a top official told the Joint Parliamentary Committee on Thursday.
Sending a tough message to the rebels, Finance Minister and senior Congress leader Pranab Mukherjee on Tuesday said it was not possible to satisfy all aspirants for party tickets and warned that contesting against official nominees would invite stern action.
In the backdrop of Dayanidhi Maran's exit from the Union cabinet over the 2G scam issue, senior Congress leader and Finance Minister Pranab Mukherjee on Saturday discussed the current political situation with Dravida Munnetra Kazhagam chief M Karunanidhi and asserted that the alliance between the two parties would be strengthened.
The Finance Minister said government set targets assuming normal conditions.
The finance minister today grapples with the same fiscal worries of two decades ago
The controversial note on the 2G spectrum allocation by the finance ministry, which created a storm by suggestion that the then finance minister P Chidambram could have prevented the scam by enforcing the spectrum auction, was drafted after consultation with the Prime Minister's Office and officials of the cabinet secretariat.
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