In the wake of Citibank fraud and other scams, Finance Minister Pranab Mukherjee on Tuesday cautioned against 'window dressing' by accounting firms and called for stricter disclosure guidelines.
The joint drafting committee on the Lokpal Bill met in New Delhi on Tuesday for the last time amid "fresh and serious" differences between the government and Anna Hazare team.
After startling revelations of a possible security breach in his office came to the fore, Finance Minister Pranab Mukherjee on Tuesday said that investigating agencies found nothing during their probe at his office. In September last year, Mukherjee wrote to Prime Minister Manmohan Singh, asking him to order a "secret inquiry" about the presence of "planted adhesives" in 16 key locations in his office, a leading English daily had reported.
The crowd at the Confederation of Indian Industry's annual general meeting and national conference 2012 merely issued a round of half-hearted applause, though finance minister Pranab Mukherjee had earlier hinted a rate cut was in the offing in the next 'half an hour'.
Exuding confidence that India will be able to come out of every difficult situation, Finance Minister Pranab Mukherjee on Tuesday said the country needs to be ever ready to respond to external shocks on real time basis.
Cigarette pricing in India can go the liquor way as ITC, the undisputed leader in the sector, may consider state-specific pricing for its popular brands. This comes after the ad valorem duty imposed in the Union Budget, coupled with the varying value added tax (VAT) rates across states.
Anna Hazare-led activists on Monday reacted sharply Finance Minister Pranab Mukherjee for accusing the civil society of trying to undermine democracy and said his statement betrayed a "distorted understanding of democracy and arrogance of power".
Under pressure from civil society to take concrete action on black money, the government said on Monday it has enough tools to deal with transactions arising from non-cooperative jurisdictions and would take action as and when necessary.
Swami Agnivesh has questioned the statement of Finance Minister Pranab Mukherjee, who is also the chairman of the Lokpal Bill drafting committee, that nobody can dictate terms to Parliament, the highest constitutional body that governs the country.
Five things you did not hear the finance minister Pranab Mukherjee say in the budget speech.
Prime Minister Manmohan Singh on Tuesday said the country needs creativity and innovation to address the problems of poverty, health and environment.
The US corporate world wanted India to address issues relating to foreign investment in infrastructure and insurance sectors.
The Jammu and Kashmir cabinet is unlikely to take any final call on the partial revocation of the controversial Armed Forces Special Powers Act as proposed by Chief Minister Omar Abdullah, top government sources told rediff.com.
The Jammu and Kashmir cabinet is unlikely to take any final call on the partial revocation of the controversial Armed Forces Special Powers Act as proposed by Chief Minister Omar Abdullah, top government sources told rediff.com.
He said with an aim to make the FDI policy user friendly, all prior regulations and guidelines have been consolidated into a comprehensive document.
While maintaining that merit and not nationality should guide selection of the new International Monetary Fund chief, India will in all likelihood support French Finance Minister Christine Lagarde for the job.
Finance Minister Pranab Mukherjee met Prime Minister Manmohan Singh late on Tuesday night and is understood to have briefed him about his talks with West Bengal Chief Minister Mamata Banerjee.
While Baba Ramdev walks the red carpet laid out by the government, we ask you our readers for your views on the issue.
The Income-Tax Department has turned down a proposal by the Department of Economic Affairs to go slow on refunds to taxpayers.
Union Finance Minister Pranab Mukherjee on Sunday assured that West Bengal would be provided all assistance to tide over its financial crisis.
Finance Minister Pranab Mukherjee on Wednesday hinted at financing for sorting out Eurozone crisis after a credible assessment of solvency problem is made.
The controversial note on the 2G spectrum allocation by the finance ministry, which created a storm by suggestion that the then finance minister P Chidambram could have prevented the scam by enforcing the spectrum auction, was drafted after consultation with the Prime Minister's Office and officials of the cabinet secretariat.
Prime Minister Dr Manmohan Singh has convened a meeting of senior ministers on Tuesday to discuss the recommendations of the National Advisory Council on the Food Security Bill.
The government on Tuesday attributed higher economic growth projected in the mid-year economic analysis for this fiscal than the Economic Survey to robust economic expansion in the first half.It, however, cautioned against the impact of fragile European recovery on Indian economy.
Some persons with accounts in a Swiss bank have paid taxes amounting to about Rs 180 crore so far, Finance Minister Pranab Mukherjee has said in Parliament. He did not disclose any name.
Financial expert Anil Rego feels that there is nothing much Union Budget 2012-13 offers to the taxpayers.
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.
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 Finance Minister himself admitted that the tax proposal could have some inflationary bearing.
As chairman of the parliamentary standing committee on finance, former finance minister, Yashwant Sinha, says he is committed to expediting the legislative work associated with important Bills, including the direct taxes code (DTC) and Goods and Servies Tax.
The prime minister's decision is reportedly a fallout of the 'hue and cry' created during his Washington visit over the 2G spectrum issue.
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.
Finance Minister Pranab Mukherjee was saddled with a number of handicaps when he presented the Union Budget 2012-13 on Friday morning.
One thing is clear from watching MPs on the Lok Sabha's biggest day: the only thing that unites them is the words "outlay was doubled".
The government on Friday proposed setting up a Rs 5,000 crore venture fund with SIDBI to enhance availability of equity to micro, small and medium enterprises.
The Union Budget has proposed to extend concessional basic customs duty of 5 per cent with full exemption from excise/countervailing duty to six specified life-saving drugs and vaccines, even as the stress has been laid on vaccine security.
Mandatory reporting of assets held by individuals abroad and re-opening of I-T return filings up to 16 years are among the steps being proposed by the government to tackle the menace of black money.
Ram Buxani said increase in the customs duty on gold will help Dubai's business.
"The roadmap given by Finance Minister Pranab Mukherjee makes it clear that this budget will increase financial burden on common people," CPI(M) leader Sitaram Yechury told reporters outside Parliament.
Tax collection at source on purchase, in cash, of bullion or jewellery in excess of Rs 2 lakh is one step announced.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances