The withdrawal limit from the Global Trust Bank is likely to be enhanced soon, Union Finance Minister P Chidambaram said on Wednesday.
Over 100 questions on various aspects of the case were drafted by investigators which were put to 45-year-old Karti.
India can eliminate poverty in the next 15-20 years and prepare itself to become an economic superpower, Union Finance Minister P Chidambaram said on Friday
Virtually conceding the demands of the Left, the government has ordered a CBI probe into the privatisation of two Centaur Hotels in Mumbai in view of the anomalies pointed out by the Comptroller and Auditor General of India in the process.
Reserve Bank of India on Thursday said the bank would use all its instruments to manage liquidity in the system following increased FII inflow.
Dissenting states including Chhattisgarh and Kerala, have made it clear they are in no mood to relent. They want the Centre to borrow the entire Rs 2.35 trillion this fiscal citing bleak fiscal position.
Stressing that there was no alternative except to raise the prices of petroleum products, Union Finance Minister, P Chidambaram, has said the oil companies will incur a loss of Rs 30,000 to Rs 40,000 crore.
Expressing displeasure over scanty credit flow to small and medium enterprises, the government on Friday said it will set a target for SME lending and asked banks to step up advances to the sector.
Finance Minister Nirmala Sitharaman on Monday used her trademark 'bahi-khata', a ledger wrapped in a red-coloured cloth, to carry Budget documents as she arrived in Parliament House to present her third straight Budget. Sitharaman, India's first full-time woman finance minister, had in July 2019 ditched the colonial legacy of a Budget briefcase for the traditional 'bahi-khata' to carry Union Budget papers. She used the same last year and again on Monday.
Finance Minister P Chidambaram, who as then Home Minister monitored the probe into the Batla House case, said he felt the gunfight between police and the Indian Mujahideen terrorists was genuine and was satisfied that the prosecution could prove the case in court.
It was study in contrast between mother and son in the Lok Sabha on Thursday.
An Inter-ministerial panel had last month approved 10 per cent equity sale in Coal India. At present, the government holds 90 per cent stake in the firm.
Following are the names of some high-profile people who have been put behind the bars
'Modi had not discussed demonetization with me prior to his announcement on 8 November 2016. 'I learnt of it along with the rest of the country. 'I was not surprised when he did not discuss the issue with me prior to making the public announcement. 'It fitted in with his style of making dramatic announcements.' A fascinating excerpt from Pranab Mukherjee's The Presidential Years: 2012-2017.
Union Finance minister P Chidambaram on Tuesday announced enhancement of bonus for policy holders of the Life Insurance Corporation of India.
Finance Minister P Chidambaram presented his fourth Budget in Parliament on Monday.
The ED had registered an ECIR (Enforcement Case Information Report) in the matter under the Prevention of Money Laundering Act.
Presenting the Union Budget for 2013-14 in Parliament, Finance Minister P Chidambaram also quoted his favourite poet Tiruvalluvar towards the end of his Budget speech after referring to Stiglitz in the beginning.
The finance minister could well be on her way to setting a record of achieving the biggest single-year reduction in the government's fiscal deficit, explains A K Bhattacharya.
The central probe agency issued a provisional order under the Prevention of Money Laundering Act for attachment of Indian assets in Kodaikanal and Ooty in Tamil Nadu and a flat in Delhi's Jorbagh. A cottage and house in Somerset in the UK and a tennis club located in Barcelona, Spain have also been attached as part of the same order, the agency said.
"The news report published in the Indian Express (external link) today comprehensively exposes the fake controversy created by the NDA government on the two affidavits filed by the Central government in the Ishrat Jahan case," Chidambaram said in statement.
Special Judge O P Saini took strong objection to the agencies seeking repeated adjournments.
He was permanently absorbed into the ED cadre in 2014 and has headed some high-profile investigations into the 2G spectrum allocation case, the 2010 Commonwealth Games, the money laundering cases against former Union finance minister P Chidambaram and his son Karti Chidambaram, Andhra Pradesh chief minister Y S Jagan Mohan Reddy and former Jharkhand chief minister Madhu Koda, the Aircel Maxis and VVIP choppers case.
With the National Democratic Alliance government nudging some governors appointed by the previous United Progressive Alliance government regime to demit office, the Congress on Friday said Centre should leave it to the governors to decide whether to continue in their posts or resign.
The deputy chief minister and senior Bharatiya Janata Party leader Sushil Kumar Modi on Tuesday said the Central government was unlikely to deliver special status to Bihar before the general elections.
To mark the anniversary of note ban, the Congress was observing a 'black day'.
Image used for representational purpose only. Photograph: Jayanta Dey/Reuters The Congress also said demonetisation has come a full circle and added that the Rs 2,000 note was a "band-aid to cover up the foolish decision of demonetising" Rs 500 and Rs 1,000 notes.
While no specific state-oriented sops were rolled out, a strong thread of political wellness ran through the Budget.
The Rajya Sabha on Wednesday approved the biggest tax reform since Independence.
Congress MP Lagadapati Rajagopal on Saturday took a swipe at Sonia Gandhi, saying she "ignored" the groundswell of support against division of Andhra Pradesh by not listening to the party leaders on the issue.
Market regulator Securities and Exchange Board of India would be doing away with different procedures and avenues for many categories.
The apex court, which stayed the Madras high court order putting on hold the look out circular issued by the Centre against Karti, repeatedly sought to know when he would make his appearance for questioning before the Central Bureau of Investigation.
Referring to visible indicators of green shoots, the finance minister said the forex reserve is at an all time high and the stock market is upbeat.
"I have no hesitation in saying that the ban on Salman Rushdie's book was wrong," Chidambaram, who was MoS, home affairs, when the ban was imposed in October 1988, said speaking at the Times LitFest in New Delhi.
Uttam Ghosh offers his take on the dismal state of the Indian economy and the terrifying rise in COVID-19 infections with each passing day.
Union Law Minister Salman Khurshid on Monday downplayed the row over the finance ministry note on Home Minister P Chidambaram's stand on the 2G spectrum issue, saying there is no scope for any worry over the document and inferences drawn out of it were "not correct". Khurshid also said the note was not worth keeping the media "preoccupied" for such a long time. "I have seen the note. I don't think the note has anything on which we should express worry," Khurshid said.
Her speech was laced with Hindi, Urdu, Sanskrit and even Tamil verses.
While the finance minister made the tax payers slightly happy by raising the individual tax exemption limit to Rs 300,000, he made many others unhappy.
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