The finance minister's Budget Speech has come as a surprising blessing as he has maintained the rates as they were last year.
Finance Minister Pranab Mukherjee presented the Union Budget 2011-12 in Parliament on Monday. While the finance minister made the tax payers slightly happy by raising the exemption limit to Rs 180,000, he made many others unhappy.
In a good sign, the government will depend less on borrowing to finance budgetary proposals in 2011-12 than in the ongoing 2010-11 financial year.
The second and third quarters of FY10 are unlikely to see the economy expanding at the pace it did in April-June period, but that does not warrant a downward revision of growth forecast, Finance Minister Pranab Mukherjee said on Monday.
Finance Minister Pranab Mukherjee will soon give the green signal to the payment of 9.5 per cent interest rate on provident fund deposits during 2010-11, a senior government official said on Tuesday.
Concerned over high credit cost and availability of funds, Finance Minister Pranab Mukherjee on Wednesday said he will ask banks for a 'benign plan of action' while committing to stimulate economic growth by stepping up public expenditure and speeding up reforms.
What do the glitterati think of the finance minister's delicate balancing act? Here are seven famous voices...
Mobile handsets could be marginally cheaper with the Finance Minister today announcing tax exemptions for chargers, batteries and accessories.
Union Minister Pranab Mukherjee worshipped Goddess Durga on Thursday at his ancestral home in Mirati village on 'Mahasaptami', the first day of the four-day long puja.
Commerce Minister Anand Sharma and Planning Commission Deputy chairman Montek Singh Ahluwalia will also participate in the India-US Business CEOs Forum Meeting.
Congress sources have told rediff.com that Union Finance Minister P Chidambaram or External Affairs Minister Pranab Mukherjee will replace Shivraj Patil, who resigned on Sunday, as home minister. The announcement is likely to be made in the next couple of hours after the all-party meeting called to discuss the Mumbai terror attacks.
A week ahead of the RBI reviewing the monetary policy with expectations of a policy rate hike, Commerce and Industry Minister Anand Sharma has cautioned that raising cost of borrowing "may not be suitable" tool to rein in inflation.
Prime Minister Dr Manmohan Singh continues to be in the hot soup. The crisis regarding the Indo-Pakistan joint statement simply refuses to blow over with the party now giving charge to Union Finance Minister Pranab Mukherjee and Defence Minister A K Antony to diffuse the situation, retrieve the issue with the least damage to the government.
The weekly inflation figure is the highest during the past one year. Soaring onion and other vegetables' prices led to the sharp rise in inflation at 18.32 per cent for the week that ended on Christmas, up from 14.44 per cent recorded in the previous week.
Finance Minister Pranab Mukherjee while presenting the Budget 2009-10 in Lok Sabha on Monday stated that the target for the agriculture credit flow for the year 2009-10 is being set at Rs 3,25,000 crore. Agricuture credit flow for the year 2008-09 was Rs 2,87,000 crore.
Finance Minister Pranab Mukherjee on Monday broke hearts of fairer sex by increasing import duty on gold bars, but tried to be even handed by raising income exemption limit for women by Rs 10,000 and by exempting excise on branded jewellery.
Finance Minister Pranab Mukherjee on Wednesday justified legislative changes in taxation law with retrospective effect, saying this was required in order to protect "the interests of the (tax) department".
He's the first finance minister to present Budgets on either side of an election and the first to do so after a quarter-century gap.
Crude prices touched 30-months high of $120 per barrel last month following unrest in Egypt and Tunisia.
About 40,000 jewellers in West Bengal have gone on a three-day strike alleging high-handedness of income tax officials.
The minister recalled the steps taken by the government to deal with general inflation, which was in the negative zone in June-August, 2009, and had since risen to 9.9 per cent in March, 2010.
19 Cabinet ministers were sworn in along with Prime Minister Manmohan Singh.
The 2011-12 Budget has failed to bring cheer to the Indian IT sector as Finance Minister Pranab Mukherjee did not make any major announcements to boost the segment.
The Finance Ministry should encourage local manufacturing of currency paper to check counterfeits and exempt its production from excise duty, a high level committee has said.
The finance ministry is planning to change the face of banking in the Red corridors at the tribal heartlands of India. The move is part of the government decision to redraw its law and order management and development plans in view of the growing Naxalite menace threatening India.
Upon discovery of the price for 3G and Broadband Wireless Access spectrum, BSNL and MTNL recently paid Rs 18,500.38 crore (Rs 185 billion) and Rs 11,097.97 crore (Rs 110.97 billion), respectively, to the government.
At the meeting, Gandhi described bills on Food Security and Women's Reservation as 'most important' legislative agenda of the government.
Finance Minister Pranab Mukherjee, while presenting the Union Budget in Lok Sabha on Friday, announced grant of project import status to 'Monorail projects for urban transport' at a concessional basic duty of 5 per cent.
Finance Minister Pranab Mukherjee said this while presenting the Union Budget for 2010-11 in the Parliament on Friday.
Finance Minister Pranab Mukherjee said this while presenting the Union Budget for 2010-11 in the Parliament on Friday.
Outflow of portfolio investment, and consequential decline in the stock market and the value of the rupee are effects of the problems in Eurozone.
Tells finance ministry to allow companies a five-year timeframe
At least a dozen Union ministers, including Prime Minister Manmohan Singh and Finance Minister Pranab Mukherjee, are abroad and some more are slated to be off to attend international conferences in the coming days.
Last year, the World Bank Group launched South-South Experience Exchange Facility to promote the idea that the development sucesses in one country can pull people out of poverty in another.
Mitra will take over from P V Bhide after January 31.
India's economy is poised to grow by 7.5 per cent this fiscal and will top 8.5 per cent in the next fiscal on the back of a strong industrial recovery, Finance Minister Pranab Mukherjee on Wednesday.
Finance Minister Pranab Mukherjee will hold a pre-Budget discussion with state governments on January 13.
With his candidature for the President's post gaining momentum, Pranab Mukherjee on Saturday said no one can become president "on his own wish" and the Congress would decide on the issue.
The 2009 Budget had raised the rate of MAT to 15 per cent. The industry wants it to be lowered to at least 10 per cent in the forthcoming Budget.
From withdrawing the stimulus to implementing the Finance Commission proposals, the FM has his task cut out.
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