Principal Advisor in the Planning Commission and former Chief Statistician of India Pronab Sen did not share RBI's views.
A crucial meeting of Finance Minister Pranab Mukherjee and the leaders from Telangana once again resulted in no concrete decision being taken on the issue of separate statehood.
The Modi government wants to have a smooth relationship with the DMK government.
Congress on Wednesday said Rahul Gandhi is the "future" of the party and the country, echoing senior leader and Finance Minister Pranab Mukherjee's sentiments that he is going to be a "new leader" of the party.
As chairman of the parliamentary standing committee on finance, former finance minister, Yashwant Sinha, says he is committed to expediting the legislative work associated with important Bills, including the direct taxes code (DTC) and Goods and Servies Tax.
Finance Minister Pranab Mukherjee on Monday strongly refuted observations by US think-tanks, the government and industry that India has gone slow on economic reforms and insisted that a series of reforms are in the process, which will lead to the next round of growth.
Food inflation numbers have moderated every week since early November when it stood at double-digit.
Union Finance Minister Pranab Mukherjee arrived in Washington, DC on Monday to participate in the India-US economic partnership dialogue, during which he is expected to meet US Secretary of State Hillary Clinton.
Wholesale price-based inflation, which remained high during most of 2011, has started showing signs of moderation and was 6.95 per cent in February.
'I think we will be able able to inspire confidence in the minds of prospective investors,' says Mukherjee.
A new Lokpal Bill will be introduced in the Lok Sabha on Thursday and the existing one withdrawn.
In order to increase retail participation in the capital market, Finance Minister Pranab Mukherjee on proposed a tax exemption scheme for new investors.
Telephone use, eat-outs and other activities will cost more.
The Individual tax payer exemption limit to be raised to Rs 200,000 from Rs 180,000.
India will become self-sufficient in urea production in five years.
Finance Minister Pranab Mukherjee said the Indian Infrastructure Financial Corporation Limited (IIFCL) will evolve a financing mechanism for giving increased support to infrastructure projects.
In 2009, the UPA government, had announced a slew of measures to boost liquidity in NBFCs. These included a scheme for providing liquidity support to NBFCs having assets size of over Rs 100 crore through a SPV.
Anna Hazare-led activists on Monday reacted sharply Finance Minister Pranab Mukherjee for accusing the civil society of trying to undermine democracy and said his statement betrayed a "distorted understanding of democracy and arrogance of power".
He said assessees' "comfort zones" have to be significantly enhanced, even as deliberate evaders and offenders are punished.
In an affront to Finance Minister Pranab Mukherjee, West Bengal Chief Minister Mamata Banerjee has refused to relieve an Indian Administrative Service officer he wanted as his private secretary in what appears to be fast soiling relations between the two since differences cropped up over Teesta river deal with Bangladesh.
Venu Rajamony, a career diplomat, has been appointed as press secretary to President Pranab Mukherjee.
Venu Rajamony, a career diplomat, has been appointed as press secretary to President Pranab Mukherjee.
Union Finance Minister Pranab Mukherjee on Tuesday maintained that he will speak, if necessary, on the finance ministry note on 2G spectrum allocation issue only after talking to Prime Minister Manmohan Singh on Wednesday.
Referring to Finance Minister Pranab Mukherjee's letter to the Prime Minister in the 2G Spectrum case, the Bharatiya Janata Party on Thursday alleged that Home Minister P Chidambaram was involved in the scam and demanded that he should resign or else be sacked immediately.
With the Lok Sabha unanimously making an appeal to Anna Hazare to end his fast, Finance Minister and government interlocutor Pranab Mukherjee on Thursday hoped that the social activist will listen to this message.
Union Finance Minister Pranab Mukherjee late on Wednesday night rebutted the charges by Team Anna that he had told them the Gandhian's health was not government's concern, saying the remarks were "distorted."
The finance minister attributed the rising prices to demand-supply mismatch, depreciating rupee, global commodity prices and easy monetary policy followed by some countries.
The latest inflation numbers are the lowest since December 2009 when headline inflation was at 7.15 per cent.
As the counting process into election to five assemblies reached its final phases, Senior Congress leader and Finance Minister Pranab Mukherjee declared that the people have given their verdict towards both 'stability' and 'change.'
He says current arrangement is working fine.
"Oil marketing companies are to take decision depending on cost of their imports. It is market related as per as oil market companies are concerned on petrol," Mukherjee told reporters.
According to the finance minister, India was compliant with most of the internationally accepted standards in banking, securities markets and insurance sector.
Inflation has remained stubbornly close to double-digit levels during the first quarter of the current fiscal.
In the 2020-21 Budget, the prime minister and the finance minister are keen to stamp their narrative, after various rollbacks following the previous Budget, said top government sources. Besides the scheduled meetings, the sources said, the Prime Minister's Office is expected to hold several meetings with top secretaries and officials on various ongoing schemes, their performance and also how some of them could be tweaked for better results.
A look at things whose prices will change post Budget.
In the wake of Citibank fraud and other scams, Finance Minister Pranab Mukherjee on Tuesday cautioned against 'window dressing' by accounting firms and called for stricter disclosure guidelines.
Giving a pat on the back of public sector banks, Finance Minister Pranab Mukherjee on Friday said the Indian banking sector has responded well to difficult global environment by meeting credit needs of the economy.
Trinamool Congress chief Mamata Banerjee and Samajwadi Party chief Mulayam Singh Yadav on Wednesday threw a spanner in the Congress party's works by proposing a completely different set of names for the post of President.
Dismissing the Opposition charge that Prime Minister Manmohan Singh was "weak", Union Finance Minister Pranab Mukherjee has asserted he was "very much alert and proactive" to all issues including corruption.
Expressing concern over rising inflation, Finance Minister Pranab Mukherjee on Thursday said both the government and the central bank are working in tandem to bring it down to a comfortable level.
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