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.'
Finance Minister Pranab Mukherjee today said the global slowdown will impact India's growth prospects, but expressed hope that inflation will start moderating from December.
Inflation is expected to moderate to 6.5-7 per cent by March end but spiralling global crude oil prices pose a challenge in the coming months, said the Economic Survey 2011-12.
There have been many innovative and helpful developments in the Indian education sector in the last 4-5 years.
Output of the manufacturing sector, which constitutes over 75 per cent of the index, rose 8.5 per cent in January, compared to 8.1 per cent in the same month last year.
The people of Kashmir are strong enough to handle the National Conference. But what about the soul-searching Congress, asks Aditi Phadnis
Finance Minister Pranab Mukherjee is likely to oppose suggestions to introduce a financial transaction tax, commonly known as tobin tax.
India and China will remain the fastest growing economies in Asia-Pacific by expanding at respective rates of 8.7 per cent and 9.5 per cent in 2011, much above the average of the region, UN agency ESCAP said.
Warning that volatility in international food and fuel prices may be on the way to becoming a long term and global phenomenon, India on Thursday called for a coordinated effort at the global level to control inflation.
Andhra Pradesh Chief Minister N Kiran Kumar Reddy on Saturday said that the Centre would soon resolve the Telangana statehood issue in an "amicable" manner that would "satisfy the aspirations of the people" of the state as the strike in support of the demand entered the 27th day. Grappling with the pro-Telangana agitation, Reddy rushed to the capital along with his deputy Damodar Rajanarasimha and held consultations with senior Ministers Pranab Mukherjee, A K Antony.
Minister of State in Prime Minister's Office, Prithviraj Chavan, considered close to Prime Minister Dr Manmohan Singh, was selected as the new Maharashtra chief minister on Wednesday morning.
He further added that India needs $1 trillion investment in infrastructure during the 12th Five-Year Plan.
United States President Barack Obama on Monday began talks with Prime Minister Manmohan Singh on a wide range of bilateral and other issues. After a ceremonial reception at the Rashtrapati Bhavan, Obama drove to the Hyderabad House from Rajghat to begin restricted talks with the prime minister, which would be followed by delegation-level talks. The two leaders are expected to issue a joint statement covering a number of issues ranging from security, trade and economy.
Congress on Wednesday said Rahul Gandhi is the "future" of the party and the country, echoing senior leader and Finance Minister Pranab Mukherjee's sentiments that he is going to be a "new leader" of the party.
The Union finance ministry has kicked off the exercise for preparation of the Union Budget for the fiscal year 2012-13 and has asked all ministries to rush proposals by October 31 for inclusion in the second supplementary budget for 2011-12 to be presented in the winter session of Parliament.
The TERC, which comprises, among others Finance Minister Pranab Mukherjee, Commerce and Industry Minister Anand Sharma and External Affairs Minister S M Krishna, will also review the state of play in the Doha Round of talks for a multilateral trade agreement under the aegis of World Trade Organization, sources said.
Insisting that the controversy over the finance ministry note on 2G spectrum issue with inferences against P Chidambaram is not over, Bharatiya Janata Party on Monday said Finance Minister Pranab Mukherjee has bowed to wishes of the "head of the family" and asked him to clarify where he disagreed with it.
Recalling the steps taken by the government to deal with the issue, Mukherjee said, "Our efforts to tackle this menace have been increasing (and) we are committed to the goal of achieving zero tolerance against corruption."
Union Finance Minister Pranab Mukherjee on Tuesday maintained that he will speak, if necessary, on the finance ministry note on 2G spectrum allocation issue only after talking to Prime Minister Manmohan Singh on Wednesday.
Congress President Sonia Gandhi on Monday stepped into the 2G spectrum row that has engulfed the government by meeting Home Minister P Chidambaram and Finance Minister Pranab Mukherjee amid unconfirmed reports that the former had offered to quit.
The strike is because of the government's decision to levy 10.3 per cent service tax on the film industry.
Referring to Finance Minister Pranab Mukherjee's letter to the Prime Minister in the 2G Spectrum case, the Bharatiya Janata Party on Thursday alleged that Home Minister P Chidambaram was involved in the scam and demanded that he should resign or else be sacked immediately.
'I think we will be able able to inspire confidence in the minds of prospective investors,' says Mukherjee.
The Finance Ministry will soon unveil the simpler income tax return form 'Sugam', which is aimed at reducing compliance burden on small businessmen and professionals.
The Union finance ministry has set up a special investigation unit to 'regulate' the funding and donations made to political parties.
Janata Dal-Secular leader H D Kumaraswamy's remarks that Mahatma Gandhi would have turned corrupt in the present day politics on Monday drew sharp reaction from leaders including Gandhian Anna Hazare, who wondered how the country could eliminate corruption if leaders talk like this.
Dubbing the United Progressive Alliance at the Centre as "the most corrupt government ever seen by independent India", senior Bharatiya Janata Party leader L K Advani on Saturday wanted the Lokpal bill to be passed in the next session of Parliament itself.
Dismissing the Opposition charge that Prime Minister Manmohan Singh was "weak", Union Finance Minister Pranab Mukherjee has asserted he was "very much alert and proactive" to all issues including corruption.
According to sources in the government, Finance Minister Pranab Mukherjee is firmly against activist Anna Hazare's demand for formally constituting a joint committee, with representatives from the civil society and the government, to draft a strong anti-corruption bill. Hazare has been on an indefinite fast in New Delhi since Wednesday to press for his demand.Mukherjee has stopped the government from issuing a notification to make the joint committee formal.
The CBDT is understood to be 'seriously considering' recommending to the government a scheme on the lines of the Voluntary Disclosure of Income Scheme announced in 1996 to tap funds lying abroad for productive use in India.
Factory output growth, as measured by the Index of Industrial Production, fell sharply to 1.8 per cent in December 2011, from 8.1 per cent a year ago, mainly on account of contraction in mining, capital goods and poor growth in manufacturing sector.
In an affront to Finance Minister Pranab Mukherjee, West Bengal Chief Minister Mamata Banerjee has refused to relieve an Indian Administrative Service officer he wanted as his private secretary in what appears to be fast soiling relations between the two since differences cropped up over Teesta river deal with Bangladesh.
To narrow the gap, corporates should join hands with the state and Central governments to create healthcare facilities through their social responsibility activities, he said.
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.
Who will take over the tasks of the prime minister and oversee the functioning of the government during the third week of September? This is the question that is being discussed in the corridors of power in Delhi, as Prime Minister Manmohan Singh will be in the United States from September 21 to September 28 to attend the United Nations General Assembly session. United Progressive Alliance trouble-shooter and Finance Minister Pranab Mukherjee will also be away, in Washington.
The fiscal deficit, estimated at 4.6 per cent of the gross domestic product, is expected to be around 5.6 per cent, mainly on account of factors like subdued revenue collection, poor disinvestment receipts, high global commodity prices and increasing subsidy bill.
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.
The four-day tour, beginning September 21, includes World Bank-International Monetary Fund meetings, as well as interactions with investors.
On the eve of the Supreme Court hearing of his petition on age, Army Chief Gen V K Singh on Thursday met Finance Minister Pranab Mukherjee who has been informally acting as a trouble-shooter in the controversy.
Union Finance Minister Pranab Mukherjee has brought about a coup in North Block by bringing an Indian Foreign Service officer Venu Rajamoni as Joint Secretary to head multilateral institutions division.
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