"Considering the facts and circumstances, I am of the view that police custody is justified," the judge said.
Launching a stinging attack on Union Finance Minister P Chidambaram for ridiculing his knowledge of economics, Bharatiya Janata Party's prime ministerial candidate Narendra Modi on Saturday said the country was run with hard work and not Harvard, a reference to the Congress leader's education overseas.
With political parties in Tamil Nadu stepping up pressure on Centre for boycott of CHOGM at Colombo this month, Union Finance Minister P Chidambaram met DMK chief M Karunanidhi in Chennai on Saturday and said no decision has been taken as yet on Prime Minister's visit to the meet.
The Congress leader also targeted Modi over "hasty" implementation of the GST, and his pet bullet train project.
Grant of anticipatory bail to Chidambaram at this stage will hamper investigation, it said.
At a time when the Indian growth story has taken a beating, Union home minister on Thursday said growth will go back to docking eight per cent once the current steps being taken by the government start showing their impact.
Finance Minister Nirmala Sitharaman will present her sixth straight Budget ahead of the Parliamentary elections, matching the record of former Prime Minister Morarji Desai. Sitharaman in her pre-election Budget, which technically is a vote on account and popularly termed an interim Budget, will seek Parliament's nod for a grant in advance to meet the central government's essential expenditure for the first four months of the new fiscal year that starts in April. A new government elected after the April/May general elections will present the full Budget, likely in July.
The Dravida Munnetra Kazhagam, till yesterday the government's major ally, joined hands with arch-rival the All India Anna DMK and other Tamil Nadu political parties on Wednesday to reject the request of Finance Minister P Chidambaram for a structured debate on Union Budget 2013 in the Rajya Sabha on Thursday, and the passage of the Budget.
The Congress officially said the party stands in support of its senior leader while accusing the government of "persecuting" its citizens for speaking truth to power.
State governments demanded on Tuesday that the Union government should share with them the service tax collection on a 50:50 basis
The Congress leader was brought to the jail on Thursday evening and he has got no special facilities, except a separate cell and a Western toilet as specified by the court, prison officials said. Like other inmates, he will also have access to the prison's library and can watch television for a specified period.
"I would not react on what is the popularity measure of any other leader (Narendra Modi), but I assure you whenever Congress does a rally whether by party President Sonia Gandhi, party Vice President Rahul Gandhi, or the Prime Minister, we will not charge Rs 5," the Union Finance Minister said in Jaipur.
Finance Minister Arun Jaitley has been appointed on the Board of Governors of Philippines-based Asian Development Bank (ADB).
Admitting there were challenges before the economy, Finance Minister P Chidambaram said at a post-Budget media conference that another set of decisions and measures would be announced during the Budget's passage in Parliament.
Finance Minister P Chidambaram on Monday sidestepped questions on the demands for removal of Union Minister Subodh Kant Sahai, who is embroiled in a controversy over allocation of a coal block in Jharkhand.
The Congress leader said he made the changes to improve the quality of the language as is any lawyer's wont in the second affidavit.
This is the second time the former finance minister has got relief from arrest.
Will this be a 'political' Budget? Or, will the Budget be able to take the country back to growth path?
To meet the financing requirements of the infrastructural deficit, many more institutions are required to share this responsibility, Chidambaram said on Tuesday, while launching operations of India's first Infrastructure Debt Fund under the NBFC Structure by handing over the First IDF -- NBFC License to the Promoters of India Infra Debt Limited -- ICICI Bank, Bank of Baroda, Citibank and Life Insurance of Corporation.
In an exclusive conversation with Rediff.com, Finance Minister P Chidambaram's son Karthik Chidambaram stated that the Union budget presented by his father in Parliament on Thursday was a "gender sensitive" one.
CPI leader Gurudas Dasgupta has urged Finance Minister P Chidambaram to curb inflation.
As a common citizen, I am concerned about the lowering of interest rate on bank deposits since most people who do not want to speculate are dependent only on the interest income, says Nalini Chidambaram.
Union Finance Minister Pranab Mukherjee on Friday presented his fifth budget in Parliament on Friday but Morarji Desai holds the record of doing so 10 times.
Finance Minister Nirmala Sitharaman on Wednesday again took a digital tablet wrapped in a traditional 'bahi-khata' style pouch as she headed for Parliament to present Union Budget 2023-24 in a paperless format just like the previous two years. She posed for the traditional 'briefcase' picture outside her office along with her team of officials before heading to meet the President. She, however, was holding a tablet instead of a briefcase to present the Budget in a digital format.
The ED told the apex court that during the investigation it found Chidambaram had 11 'immovable properties' and 17 bank accounts abroad and his custodial interrogation was required to unearth the larger conspiracy in the case.
Central trade unions on Wednesday decided to hold a nationwide demonstration on January 20 against the government's notification of 8.5 per cent EPF rate for the current fiscal.
While demanding an increase in income tax exemption limit, the trade unions suggested that the rates of personal and corporate income tax for those in high income brackets should also be enhanced.
Soon after arguments on custodial interrogation got over, senior advocate Abhishek Manu Singhvi, who was appearing for Chidambaram, sought permission from special judge Ajay Kumar Kuhar that his client be allowed to speak.
Watch Live! Jaiswal and Chidambaram's press conference on the coal scam
Once three officers reached inside, they opened the gates to allow other team members waiting outside.
The decision to hike petrol and diesel prices cannot be deferred for a very long time, Union Finance Minister P Chidambaram said on Tuesday.
Union Finance Minister P Chidambaram has said the Group of Ministers headed by him will work towards giving Central Bureau of Investigation "functional autonomy" but at the same time asserted that accountability is "important".
Congress president Sonia Gandhi has more or less finalised the plan to tweak the Union Cabinet before Parliament opens on August 8. Three ministers will be shifted to the new portfolios. Home Minister P Chidambaram, as expected, will become the finance minister. He succeeds Pranab Mukherjee who has become President of India. He is impatiently waiting for the announcement to be made within 'three to four days'. Sheela Bhatt reports.
According to a senior official of the Customs Department, the Finance Minister will hold review meeting on Service Tax Voluntary Compliance Encouragement Scheme.
A bench comprising Chief Justice J S Khehar and Justice D Y Chandrachud allowed Karti to be accompanied by a lawyer at the CBI headquarters during the questioning.
FIR says that the officials by virtue of influence exercised over them by Karti, not only ignored the serious illegality on the part of INX Media on both the counts but also deliberately showed undue favours to INX Group.
Finance minister read out parts of his speech to the media persons and television channels as nothing could be heard while he was replying to the debate on the Union Budget.
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