The numbers become all the more important because actual tax collections fell short by Rs 1.91 trillion compared to what was projected in 2018-19. Besides, the Budget for FY20 did not give actual figures for 2018-19, but the revised numbers given in the interim Budget.
In a big boost to farm sector, Finance Minister P Chidambaram proposed a whopping Rs 1.25 lakh crore increase in agri-credit target for next fiscal at Rs 7 lakh crore and raised allocation to the ministry by a handsome 22 per cent.
In a few hours the Government of India will table the Economic Survey for fiscal 2003-04. Economic Survey is always presented a day before the Annual Budget is announce by the Finance Minister. Take the Rediff Business Quiz and find out how much you
The Group of Ministers on Telangana is set to discuss the draft bill for the creation of Telangana on Saturday.
Congress leader P Chidambaram on Tuesday welcomed the Supreme Court judgement
Union ministers fanned out across the country to highlight the crackdown on black money to mark the first anniversary of demonetisation on Wednesday which the Bharatiya Janata Party celebrated as "Anti Black Money Day" while the Congress-led Opposition observed it as "Black Day" with street protests.
On the arrest of P Chidambaram, Karti said, "This is like a staged reality show to have all these dramatic visuals on television. There is no reason for this kind of drama... It's not done in an honest investigation.
Divestment also was not covered. One would have expected divestment to be a major instrument for raising fund for various projects, as was the case in the last 3-4 budgets but we did not see it at all.
Barbs were on Saturday traded between Rahul Gandhi and Mamata Banerjee over the Saradha scam in West Bengal which defrauded lakhs, with the Congress vice-president accusing her government of inaction and the chief minister targeting P Chidamabaram.
Senior Congress leader Jairam Ramesh puts it succinctly: "Arun Jaitley was every non-BJP person's favourite BJP-ite."
Sheela Bhatt spoke to various members of Parliament to elicit their opinion about Finance Minister P Chidambaram's last Budget before the general elections, and found them lukewarm in their reaction. 'Political nuksaan nahi, lekin faida bhi nahin. Bach nikle,' about sums it up
The finance minister admitted that there was no quick-fixes to economic problems and the government is working to stabilise the economy which may take time.
All India Anna Dravida Munnetra Kazhagam supremo Jayalalithaa's electioneering using helicopter to criss-cross Tamil Nadu has become a poll plank for opposition parties in the state as the campaign gathers momentum.
Dubbing the statements of Union ministers Pranab Mukherjee and P Chidambaram on the controversial 2G note as "comical", Bharatiya Janata Party on Thursday said the issue was not one of settling bruised egoes but of fixing responsibility for loss of "lakhs of crores" of revenue in spectrum allocation.
The finance ministry and the RBI have performed many somersaults in these last 42 days.
In post-Budget comments, the finance minister said that the Budget would stimulate investment and consequently growth.
Union Home Minister P Chidambaram called Prime Minister Manmohan Singh and discussed with him the issue of a finance ministry note on allocation of 2G spectrum which appeared to raise questions on his role.
The telecom giant has asked FinMin for a settlement.
BJP spokesperson alleges that the then Principal Secretary to Prime Minister Pulok Chatterjee would "snatch files" from Dr Manmohan Singh to take it to 10 Janpath, Sonia Gandhi's residence.
Slammimg the erstwhile UPA government, Sitharaman said between 2012 and 2013, foreign investment recorded a negative 36 per cent growth.
Asked about the clash between Chinese and Indian soldiers at Galwan Valley in Ladakh last month, Pawar said, "When I say there should be no politics over the issue, it is because we can attack them. But the entire country will have to pay a heavy price when there is retaliation to the attack."
The Union Budget 2007-08 seems like a mixed bag for individual taxpayers. The gain's not much.
Tell us what would you do if you were the finance minister!
Accusing the Union government of using the central agencies to target leaders like former finance minister P Chidambaram and others, Kamal Nath expressed hope that the court will take a right decision in the case.
Gujarat CM Vijay Rupani hit out at Chidambaram saying the Congress is 'scared' of the polls in the state.
The CBI had registered an FIR in the case on May 15, 2017 alleging irregularities in the FIPB clearance granted to the media group for receiving overseas funds to the tune of Rs 305 crore in 2007 during Chidambaram's tenure as finance minister.
As per practice a vote-on-account or approval for essential government spending for a limited period is taken in the election year and a full-fledged budget presented by the new government.
Sinha, a former finance minister, hogged the limelight and started trending high on social media on Wednesday morning, after he criticised his own government for sinking the economy, in an article he penned for The Indian Express.
The mere increase of Rs 10,000 crore (Rs 100 billion) over the last year's budgeting with a nominal hike in capital spending will not suffice to accomplish this vital objective of national security.
Party chief Rahul Gandhi formed a nine-member Core Group Committee, a 19-member Manifesto Committee and a committee comprising 19 top party leaders who will look after the publicity during the elections.
The government takes pragmatic steps on telecom.
According to sources at AIIMS, the BJP leader was admitted following complaints of chest congestion and breathing issues.
Adjusted for inflation, the earlier scheme would have collected Rs 25,000 crore.
The action came after investigations carried out by an inter-ministerial committee formed by the home ministry in 2020.
The issue of Telangana assumes importance as Andhra Pradesh is the only major state where the party is in power on its own. A spectacular victory in Andhra Pradesh in 2004 and 2009 has helped Congress to come to power at the Centre in 2004 and 2009.
The Union government on Wednesday constituted a Board for Reconstruction of Public Sector Enterprises.\n\n\n\n
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