Finance Minister Arun Jaitley presents the current National Democratic Alliance government's fifth and arguably his toughest budget.
"Everybody in this country has the responsibility to implement the law which has been passed in Parliament,", the minister, who was in Chennai as part of the BJP's nationwide 'Jan Jagran Abhiyan' campaign in support of the Act, said.
Chidambaram promises to maintain fiscal discipline; admits inflation is an issue.
India's growth rate is not UPA/NDA issue, Arun Jaitley said.
Union Budget 2015 cuold have included few smaller reforms.
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Vodafone is facing tax liability over its $11 billion acquisition of a 67 per cent stake in the mobile-phone business owned by Hutchison Whampoa in 2007.
Centre shows optimism of achieving the target of 4.1% at back of recent measures and turn around in manufacturing.
The year 2018 is likely to be steady in terms of institutional investment into real estate
The government on Tuesday said it is keeping a close watch on the developments in the crisis-ridden NSEL and will take action once reports of the two committees looking into the problems of the exchange are received.
Atmar briefed Jaishankar about the situation in the war-torn country amid growing security concerns over the Taliban fighters rapidly seizing control of a large number of areas, forcing many countries to scale down their presence there.
Indian Grandmasters Vidit Gujrathi and S P Sethuraman placed themselves for a medal contention as they defeated Jorge Cori of Peru and Vladislav Kovalev of Belarus respectively in the 12th and penultimate round of World Juniors Chess Championship.
Finance secretary R S Gujral too is believed to have met top Vodafone officials in Mumbai last month.
Seeking to spur foreign investments, Finance Minister P Chidambaram has said the Union Cabinet will decide on raising FDI caps in different sectors in the third week of this month.
These companies had an accumulated loss of Rs 55,656 crore (Rs 556.56 billion) in 2012-13.
Eminent jurist Ram Jethmalani on Sunday asserted that Indian Parliament "is not sovereign" for its decisions can be challenged in court, as he hit out at Finance Minister Arun Jaitley for criticising the Supreme Court verdict to scrap NJAC Act on appointment of higher judiciary.
Post demonetisation, there has been a hike in collection of personal income tax
Chidambaram first met bankers and industrialists in Mumbai to seek ways to revive slowing economic growth.
Economists urged FM to rationalise indirect taxes and impose Tobin tax.
Frosty Indo-Pak relations after the beheading of Indian soldiers by Pakistani troops were on full display in Yokohama, Japan.
AI, IoT, 3D printing, drones, data storage, quantum computing etc are all re-writing world economic order, the FM said.
Government has set up a Financial Sector Legislative Reforms Commission to streamline the financial sector laws.
Rediff.com brings to you Finance Minister Pranab Mukherjee's Budget Speech Live from Parliament at 11.00 a.m. on February 26.
Stocks ignored better-than-expected double digit industrial production figures in August to snap a three-day rally on profit-booking after Finance Minister P Chidambaram said he was "surprised and worried" by the sharp rise in stock prices.
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The Budget is disappointing because it refuses to fundamentally repudiate fiscal populism.
DoT has also announced that it will conduct third round of auction but dates and other final details have not been released yet.
Budget-makers in North Block are looking to maintain this fiscal status quo, in spite of tax revenues nowhere close to where the government wants and in spite of possible higher expenditure commitments.
Behind the GBS figures, to be revealed in the Budget next week -- lies a fierce tug of war between Finance Minister P Chidambaram and Planning Commission Deputy Chairman Montek Singh Ahluwalia in which Prime Minister Manmohan Singh eventually threw his weight behind the finance minister.
To meet the financing requirements of the infrastructural deficit, many more institutions are required to share this responsibility, Chidambaram said on Tuesday, while launching operations of India's first Infrastructure Debt Fund under the NBFC Structure by handing over the First IDF -- NBFC License to the Promoters of India Infra Debt Limited -- ICICI Bank, Bank of Baroda, Citibank and Life Insurance of Corporation.
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Says high inflation has to be reversed to achieve sustainable GDP expansion.
After holding discussions with the FM, the Sebi chief said the government thought it was an opportune time to levy the LTCG tax as the "markets are booming."
"Pakistan Foreign Minister is a political pygmy in a powerless government kowtowing to the terror organisations. These pusillanimous comments reflect Pakistan's frustration with Prime Minister Narendra Modi's successful diplomacy in exposing the terror face of Pakistan to the world," said BJP spokesperson G V L Narasimha Rao.
The budget-making exercise offers golden opportunities despite challenges, observes Shankar Acharya, former chief economic adviser to the Government of India.
Before Budget, departments see outlays shaved.
RBI Governor Raghuram Rajan had set up a committee to review the monetary policy framework.
Attributing the stock market crash to global turbulence, Finance Minister Arun Jaitley on Monday said the government and RBI were watching the situation and hoped that things will stabilise once the transient impact is over.
The FDI in insurance and defence and the plethora of schemes for improving the rural economy with all round focus on development programmes, are a key thrust.
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