People like Manmohan Singh and P Chidambaram, who as finance minister had fully supported the NPS, refuse to exercise their moral and political influence to try and stop Ashok Gehlot and others hell-bent on wrecking the states' finances, notes Virendra Kapoor.
Rejecting criticism of tardy relief operations in flood-ravaged Uttarakhand, Union Finance Minister P Chidambaram has said government was making all efforts and complimented armed forces personnel for their untiring efforts in rescuing the stranded people.
Former Prime Minister Dr Manmohan Singh will head all the three committees.
Welcoming Raghuram Rajan panel report which has put Bihar among the least developed states, Chief Minister Nitish Kumar on Thursday described it as a 'victory' for the state but was non-committal on alliance with the Congress for the forthcoming Lok Sabha elections.
Even though the NIA claims that more than 90 per cent of cases charge-sheeted have ended in conviction, the figure is likely misleading. To date, very few cases investigated by the NIA have resulted in a completed trial, points out former CBI joint director Navneet Rajan Wasan.
'Neither farmers nor farm labourers will benefit from these jumla announcements of the finance minister'
Finance Minister Pranab Mukherjee has done the right mix of moderation on the price front, Prime Minister Manmohan Singh said.
Former Union minister K V Thangkabalu, a senior Congress leader from Tamil Nadu, has decided not to contest the Lok Sabha elections.
Finance Minister Arun Jaitley to discuss key issues with state finance ministers.
The ruling Bharatiya Janata Party on Wednesday hailed the Union Budget as an "all-inclusive" document while the Opposition dismissed it as "anti-people" and mere rhetoric lacking the vision for creating jobs and taming inflation.
Chidambaram to meet Congress Parliamentary Party today.
Chidambaram to meet ministries' financial advisors, PM's economic council.
Earlier, the chief minister of Punjab had written in the same vein to the prime minister.
Minister of State for Commerce Jairam Ramesh was taken by surprise on Tuesday when Uttaranchal Chief Minister N D Tiwari complimented him saying he is being tipped to become the next Finance Minister in place of P Chidambaram.
Finance Minister P Chidambaram announced the Union Budget 2013-14 in Parliament on Thursday.
The various statements attributed to Chidambaram during his meetings with investors in Hong Kong and Singapore reveal a lot about the broad trend of ideas that would influence his next Budget.
Bankers expect a stable interest rate this year after Finance Minister P Chidambaram promised to keep government borrowings lower than the budgeted Rs 1,00,836 crore (Rs 1008.36 billion) during 2005-06.
The GST will replace more than a dozen levies central and state levies, including central excise duty, service tax and central sales tax as well as VAT on sale of goods and entry tax, to make movement of goods seamless across 1.3 billion market.
The Congress, however, downplayed it saying the party did not want to involve its senior leaders in the issue.
'The finance minister has messed up the economy.'
'Would this crackdown of the terrorist module by NIA have been possible without interception of electronic communications?'
The information technology would generate 70 lakh (7 million) jobs by 2009.
The Indian economy has been shaped by 22 finance ministers till date.
The major focus of this year's Economic Survey was on pushing economic growth, which has been projected by the Central Statistical Organisation at 5 per cent for this fiscal, sharply lower than the original estimate of 7.6 per cent (+/- 0.25 per cent).
Karti and Mukerjea were brought face-to-face and questioned by the CBI team for about four hours.
In 2013-14, the Budget estimate is Rs 16,65,297 crore (Rs 16,652.97 billion).
Prime Minister Singh has assigned a senior Congress leader to placate the President, who is upset with Finance Minister P Chidambaram, reports Anita Katyal.
The Finance Minister's move to raise the income tax exemption limit for both men and women in the Union Budhet 2008-09 seem to have won him a lot of young fans.
Other Congress leaders who are learnt to have spoken with Pilot are Ahmed Patel, P Chidambaram and K C Venugopal.
Union IT and Communications Minister Dayanidhi Maran has sought fiscal incentives from the finance minister to increase broadband penetration in the country.
Denied of any relief from the UPA-II government, West Bengal Chief Minister Mamata Banerjee on Monday pinned her hopes on the new BJP government at the Centre for a positive response on the state's huge debt repayment problem.
During the last few years, finance ministers like P Chidambaram and Jaswant Singh limited their pre-Budget discussions to representatives from the industrialists' lobby, economists, farmers and trade unions. This time, Pranab Mukherjee has held exclusive meetings with exporters, the financial sector, electronics and information technology. He will also hold a meeting with the finance ministers of the states.
The Finance Minister, however, left the current income tax slabs unchanged.
Excise duty on small cars is cut to 8 per cent where as the tax on large- and mid-sized cars has been brought down to 20 per cent.
All public sector bank branches will have an automated teller machine by March 31, 2014.
Declining urgent hearing, the top court observed that judges have more cases 'than they can handle'.
Indications are that the DMK combine will win more seats than the AIADMK and BJP, but is facing a tough fight in about half a dozen from the rest, predicts N Sathiya Moorthy of the electoral contest in Tamil Nadu.
A Delhi court will decide on December 8 Janata Party president Subramanian Swamy's plea to examine witnesses, including senior Central Bureau of Investigation officials, to establish erstwhile finance minister and the present Union Home Minister P Chidambaram's role in the 2G spectrum allocation.
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