Faced with criticism for her latest Budget not doing enough for the poor, Finance Minister Nirmala Sitharaman on Friday mocked Congress leader Rahul Gandhi's 2013 comment of poverty being a state of mind, and asked if this is the poverty she was supposed to address.
The equation between the army and its countrymen in a democratic country should be one of mutual pride and implicit trust. Protracted deployment of the army on the home-turf tends to skew the equation. The people tend to perceive it as the occupation-army, says R N Ravi.
Congress leaders at the All India Congress Committee presented Union Finance Minister P Chidambaram their most important wishlist for the coming budget, when he came calling at 24 Akbar Road on Thursday evening: 'Since they are now in the election year the Congress needs a people-friendly and a vote-friendly budget'.
While presenting the Interim Budget 2014-15, the Union Finance Minister P Chidambaram said that in the next three decades India will become the third largest economy behind US and China.
Finance minister Pranab Mukherjee had a brief meeting with Prime Minister Manmohan Singh on salient features of the Budget.
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.
Asserting that it was incorrect to say foreign consultants were in the Planning Commission, Union Finance Minister P Chidambaram has said only experts of Indian origin have been nominated to its consultative committees.
The two mulled over the rising inflation as international crude prices continue to soar and monsoon remains erratic.
Students across Tamil Nadu, including in Chennai, continued their protests on the Sri Lankan Tamils issue while some fishermen in Nagapattinam district observed a fast mid-sea.
In the wake of recent hike in airline fares owing to rise in aviation turbine fuel prices, the Civil Aviation Minister Praful Patel on Thursday met Union Finance Minister P Chidambaram and sought reduction in excise duty on the fuel in the Budget.
A day after Chidambaram asked RBI to speed up the process of issuing new bank licences, Subbarao said last Friday that it would not be possible without fulfilling the enabling conditions for the same.
Old age pension, scholarships, Minimum wages under Mahatma Gandhi Rural Employment Guarantee Scheme, subsidies for ration and LPG would be paid directly to the beneficiaries.
If you are investing, then stick to bonds, deposits and mutual funds; if you need insurance, simply opt for term insurance, advises Rahul Goel.
Karti was arrested on February 28 by the Central Bureau of Investigation on his return from the United Kingdom, and his 12-day judicial custody was to expire on Saturday in the case.
India's new Finance Minister P Chidambaram has directed his ministry officials to be prepared to present the Union Budget on either July 2 or July 5.
Chidambaram mocked her with a tongue-in-cheek tweet.
The fact that the fiscal consolidation programme is on target - the fiscal reduction and the revenue deficit reduction - we are moving in the set direction, he said.
Sushil Kumar Modi, who ceased to be Bihar Finance Minister following the JD (U)-BJP split, on Monday resigned as Chairman of the Empowered Committee of State Finance Ministers looking into the implementation of the proposed new indirect tax regime - Goods and Services Tax (GST).
On the last day of campaigning at Pokhran in Rajasthan, Bhartiya Janata Party prime ministerial candidate Narendra Modi took potshots at the son-in-law of chairperson of United Progressive Alliance Sonia Gandhi, Robert Vadra.
Union Finance Minister P Chidambaram, during his two-day visit to Mumbai will interact with brokers, bankers, investors and industrialists. The finance minister arrives in the city on Wednesday afternoon.
Is the 'caged parrot' at work again, asks Uttam Ghosh.
A BTech and PhD in police, human rights and social justice, Singh joined the federal anti-money laundering investigations agency in 2009 on deputation from Uttar Pradesh where he was serving as a state police service officer.
Aap ka paisa, aap ke haath (direct cash transfer). This is the new slogan with which the Congress hopes to woo back the aam admi, the poor, the marginalised and the weaker sections as the government has launched an ambitious direct cash transfer scheme with Union Finance Minister P Chidambaram calling it a 'game changer'.
'Kapil Sibal has passed a law that anyone posting anything "offensive" on Twitter can be jailed for three years. That's section 66A of the IT Act amended by United Progressive Alliance II in 2008. It's a cognisable offence so you have to be arrested and apply for bail. As though you had committed murder!' notes Shivam Vij.
The ED said that Chidambaram has remained evasive and therefore grant of pre-arrest bail at this stage would be highly detrimental to the investigation.
CBDT stated the searches were on a group based at Chennai and Tiruchirappalli, strictly in line with the Income Tax Act
The government had earlier announced a proposal to set up LTUs which would act as a single window facilitation centre for all large entities paying excise duty, corporate tax/income tax and service tax, initially in the metros.
On the day P Chidambaram took charge as the Union finance minister, the country's largest lender, State Bank of India (SBI), brought interest rate relief to its new home and automobile loan customers.
The growth of the gross domestic product during the current financial year will exceed 6.9 per cent, which was achieved in the last fiscal, Union Finance Minister P Chidambaram said on Saturday.
Union Finance Minister P Chidambaram will begin pre-Budget consultations with various groups, including industrialists and economists, on Friday, an exercise dispensed with by his predecessor Jaswant Singh.
"You are 74 years old and no 56!!! can stop you," Karti wrote to his father as he wished him on his birthday.
Securities and Exchange Board of India would soon initiate action against those responsible for May 17 stock market crash
As much as Rs 12,106 crore (Rs 121.06 billion) was disbursed as educational loans to needy students last fiscal, Union Finance Minister P Chidambaram said in Sivaganga, Tamil Nadu on Friday.
Union Finance Minister Pranab Mukherjee on Saturday said that the demand for smaller states does not mean that new states would be created everywhere.
Three suspected associates of Karti --Bhaskar Raman, Ravi Vishwanathan and Mohanan Rakesh -- are also being questioned
FM's decision to make PAN card a neccessity for financial transactions has worried life insurers, who will find it difficult to tap rural India with this requirement.
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