As part of the pre-Budget exercise, the finance minister customarily holds parleys with various stakeholders, state finance ministers, industrialist groups, leading economists, trade unionists and officials of various financial sectors.
Prime Minister Manmohan Singh on Saturday declined to disclose who will be Finance Minister Pranab Mukherjee's successor and whether the United Progressive Alliance government will have new partners. "I have been churning it in my mind," said Dr Singh when asked whether he has thought of Mukherjee's successor after his nomination as UPA's candidate for the Presidential elections.
The finance minister's office had sought the Cabinet Secretary's opinion whether Mukherjee should remain part of the EGoM in the wake of his presidential candidature.
Union Finance minister Pranab Mukherjee said banks have positively responded to his suggestion to reduce credit interest\nrates.
The headline inflation declined to 9.11 per cent in November against 9.73 per cent in the previous month.
Finance Minister Pranab Mukherjee on Monday held a meeting with senior BJP leaders L K Advani, Sushma Swaraj and Yashwant Sinha to discuss these two legislations.
Amid the government's keenness to introduce Lokpal Bill in Parliament before the end of the winter session on December 22, the Union Cabinet on Sunday night had informal discussions on the much-hyped legislation which is expected to be taken up by the Cabinet formally on Monday.
A day after Union Finance Minister Pranab Mukherjee trashed Team Anna's allegations of corruption against him, its key member Arvind Kejriwal said he should face an independent probe to prove his innocence.
While Baba Ramdev walks the red carpet laid out by the government, we ask you our readers for your views on the issue.
In the wake of the all out attack on Home Minister P Chidambaram by Opposition parties, particularly the Bharatiya Janata Party, asking for his resignation and the fact that Parliament had to be adjourned for the second day on the issue of Chidambaram, has led to suspicions that it is being instigated by elements within the ruling party itself.
Rediff.com brings to you Finance Minister Pranab Mukherjee's Budget Speech Live from Parliament at 11.00 a.m. on February 26.
The Income-Tax Department has turned down a proposal by the Department of Economic Affairs to go slow on refunds to taxpayers.
In the first seven months of 2011-12, the Centre's fiscal deficit has crossed 74 per cent of the year's target. Inflation has been over 9 per cent for a year, despite food inflation falling considerably.
Union Finance Minister Pranab Mukherjee on Sunday assured that West Bengal would be provided all assistance to tide over its financial crisis.
Railway Minister Mamata Banerjee will present the Rail Budget on July 1.
Finance Minister Pranab Mukherjee's security is being beefed up after the ruling party announced his name as their candidate for the Presidential polls. There will now be a heavy security at his house and the traffic flow will not be restricted for one month.
India has the capacity and the resilience to overcome economic crisis, Finance Minister Pranab Mukherjee said on Tuesday in the Rajya Sabha.
These suggestions were made by Finance Minister Pranab Mukherjee in his address at a meeting with chief executives of the public sector banks, which among others, was also attended by RBI Deputy Governor K C Chakrabarty.
Finance Minister Pranab Mukherjee on Friday said surging food and fuel prices amid weak global economic growth are adversely impacting GDP growth of the country.
Union Finance Minister Pranab Mukherjee on Sunday said treaties had been signed with a total 37 countries to know the details of money stashed abroad by Indians.
Crucial financial sector reforms are again stuck, despite Finance Minister Pranab Mukherjee's appealing to political parties to help pass the legislations in this regard.
The government and financial sector regulators buried their differences on the proposed Financial Stability & Development Council (FSDC) after Finance Minister Pranab Mukherjee offered the Reserve Bank of India governor a sweetener.
Battling damaging allegations of sexual assault, Strauss-Kahn tendered his resignation from the top post of the IMF on Wednesday, while maintaining that he was innocent.
Now, experts say strains on fiscal deficit are coming from the revenue side and the administration should, if anything, step up expenditure to prop up the economy that is slowing down.
Congress President Sonia Gandhi will not be attending the swearing-in of Trinamool Congress chief Mamata Banerjee as West Bengal Chief Minister in Kolkata on Friday.
The auction of 2G spectrum might be delayed, as the government may file a petition in the Supreme Court for an extension of the timeline. According to current SC directive, the auction has to be conducted by August 31 this year. However, due to procedural delays, the department of telecommunications is looking at extending the timeline.
Leader of Opposition in the Lok Sabha Sushma Swaraj on Monday demanded that the United Progressive Alliance government convene an all-party meeting over the issue of Foreign Direct Investment in retail before making any statement on it in the Parliament.
According to sources, Finance Minister Pranab Mukherjee on Monday spoke to Opposition leaders about this decision. Details awaited.
The EGoM decided to auction a minimum of eight blocks in all service areas after reserving spectrum for refarming against the allocation of 900 MHz for incumbent operators whose licences will expire during 2014-2016.
In a sudden turn of events, the Centre has decided to put on hold the controversial decision about FDI in retail sector, in an apparent bid to break the Parliament logjam. West Bengal Chief Minister Mamata Banerjee, whose party Trinamool Congress is strongly opposed to the decision, claimed on Saturday that Union Finance Minister Pranab Mukherjee spoke to her and told her that the FDI decision has been "suspended".
Tarun Gogoi, who steered the Congress to a spectacular win in Assam, will be sworn-in as chief minister for the third consecutive term on Wednesday, Pradesh Congress Committee sources said on Monday.
With quintessential diplomatic astuteness, the Congress party's master trouble-shooter for decades, Finance Minister Pranab Mukherjee, shrugged off the irritants that loom large in US-India relations -- including the outsourcing controversy -- preceding the visit next month to India of President Barack Obama, saying all of these problems can be resolved through dialogue.
Prime Minister Manmohan Singh's attempt to win over ally Trinamool Congress on the government's decision to allow FDI in retail was on Friday rebuffed by West Bengal Chief Minister Mamata Banerjee, who bluntly told him her party cannot back the move.
Meanwhile, Minister of State for Finance Namo Narain Meena, in a written reply to the Lok Sabha, said, "In the forward guidance of the second quarter review of the Monetary
As the counting process into election to five assemblies reached its final phases, Senior Congress leader and Finance Minister Pranab Mukherjee declared that the people have given their verdict towards both 'stability' and 'change.'
GDP growth in 2010-11 stood at 8.5 per cent.
Ahead of his meeting with Congress members of Parliament to allay their apprehensions on FDI, Mukherjee met Gandhi at her 10, Janpath residence for about 10 minutes, party sources said.
Opposition firm on its demand for FDI decision reversal, even as PM asks dissenters to fall in line.
With Parliament paralysed for the fifth day running and no business being transacted, Prime Minister Manmohan Singh is under pressure to partially rollback the Foreign Direct Investment in retail, which was approved by the Union cabinet last week.
The government has replied to Vodafone's notice that threatened international arbitration, saying there was no cause of action. It may send a reply and a tax notice to the company after the Finance Act is notified in the official gazette.
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