Neerja Chowdhury explains why the government was soft where it could have been tough. And tough where it could have demonstrated more patience
Neerja Chowdhury explains why the government was soft where it could have been tough. And tough where it could have demonstrated more patience
Union Finance Minister Pranab Mukherjee on Thursday demanded an apology from the Opposition, accusing it of "destroying" Parliament after they rejected his offer of a special session to discuss the Joint Parliamentary Commitee issue on 2G scam.
Finance Minister Pranab Mukherjee on Tuesday said India has not given any assurance to his French counterpart Christine Lagarde on support for her candidature to the post of IMF's managing director.
Union Finance Minister Pranab Mukherjee on Saturday sought to downplay the battle of attrition between Indian Army chief General V K Singh and the government.
Sheela Bhatt provides a ringside view to the hectic political developments after yoga guru Baba Ramdev landed in New Delhi to start his fast against corruption.
The hike in petrol price was necessitated because of increase in prices of crude oil in the international market, Union Finance Minister Pranab Mukherjee said.
As serious differences over various provisions marred the drafting of the Lokpal Bill, civil society members on Wednesday invited government nominees for a public debate on contentious issues, which could be telecast live on TV.
Worried over Baba Ramdev's indefinite fast from Saturday, the government on Wednesday took an extraordinary step to woo him by deputing Finance minister Pranab Mukherjee and three other senior ministers to the airport for talks but he appeared not to relent on his plans.
Besides French Finance Minister Lagarde, seen as a strong candidate, there are four to five other aspirants in the race for the post vacated by Dominique Strauss-Kahn.
India's macroeconomic authorities must focus on fiscal stabilisation and Mukherjee has to provide the leadership as finance minister.
Finance Minister Pranab Mukherjee on Saturday said Rahul Gandhi could "probably" become the next prime minister.
The announcement came just ahead of the meeting of a ministerial panel, headed by Finance Minister Pranab Mukherjee, to look into the Cairn-Vedanta deal which was struck in August.
Encouraged by the industrial production growth rate of 10.8 per cent in October, Finance Minister Pranab Mukherjee on Friday sounded confident that the trend would continue and the fiscal would end with double-digit growth rate.
Tough talking by the then external affairs minister Pranab Mukherjee, following the 26/11 attacks, rattled Pakistan so much that it pressed the panic button and called everyone from Chinese to the Americans saying that India has decided to go to war.
In an hour-long chat on rediff.com on Wednesday, experts Vinay Mahajan and Devang Mehta offered some valuable tips.
Commerce and Industry Minister Anand Sharma will be meeting Finance Minister Pranab Mukherjee to make a case for the extension of one of the most popular incentives to exporters, the Duty Entitlement Passbook Scheme (DEPB), which is slated for expiry on June 30. DEPB is a duty reimbursement scheme, launched 14 years earlier.
The negotiations on a draft Lokpal Bill on Monday gained momentum with government and civil society members agreeing on a number of basic principles of the proposed law and deciding to meet more often.
Wholesale price-based inflation, which remained high during most of 2011, has started showing signs of moderation and was 6.95 per cent in February.
Equity infusion of Rs 4,000 crore into Air India, proposed by Finance Minister Pranab Mukherjee in Union Budget 2012-13, will improve the debt-equity ratio of the airline to a level considered comfortable and help open the doors of banks for them.
International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn today commended India's role in managing capital inflows, which have already crossed $50 billion this year--about 4 per cent of the country's Gross Domestic Product (GDP).
In order to increase retail participation in the capital market, Finance Minister Pranab Mukherjee on proposed a tax exemption scheme for new investors.
Indirect taxation will be burden on the poor, he said.
Net borrowings of the government in 2012-13 are pegged at Rs 4.79 lakh crore.
Government determined to bring down fiscal deficit to 5.1 per cent of GDP next fiscal.
On the lines of the proposed Direct Taxes Code (DTC), the government plans to come out with a Common Tax Code (CTC) for service tax and central excise duty to harmonise the two indirect levies.
Move is to encourage investment in the infrastructure sector.
Telephone use, eat-outs and other activities will cost more.
The Individual tax payer exemption limit to be raised to Rs 200,000 from Rs 180,000.
India will become self-sufficient in urea production in five years.
Finance Minister Pranab Mukherjee presented the Union Budget for 2012-13 on Friday.
Tax payers will be looking forward to some relief from Finance Minister Pranab Mukherjee who is expected to raise the income tax exemption limit to at least Rs 2 lakh in his budget proposals.
Suggesting a rebound, the government has projected the economy to grow by about 7.6 per cent in the next fiscal, up from 6.9 per cent estimated in 2011-12 on the back of declining inflation and softening interest rate.
Following are the highlights of the Economy Survey 2011-12, a report card of the Indian economic scenario.
Giving a pat on the back of public sector banks, Finance Minister Pranab Mukherjee on Friday said the Indian banking sector has responded well to difficult global environment by meeting credit needs of the economy.
The Reserve Bank of India chief also reviewed the high-level of inflation with the Finance Minister, ahead of the quarterly review of monetary policy next week, amidst expectations of another hike in key interest rates.
Banerjee, during a nearly 50-minute meeting with Finance Minister Pranab Mukherjee at his south Kolkata residence on Saturday, proposed that Congress should join the ministry to be headed by her.
During a short halt at Tabriz airport in Iran on his way back home, Mukherjee gave Vrishti Beniwali a brief account of the summit, euro zone crisis and what it meant for India.
The reaction from Planning Commission Deputy Chairman Montek Singh Ahluwalia comes a day after the Central Bureau of Investigation arrested LIC Housing Finance CEO Ramachandran Nair and seven other senior bankers on charges of corruption and criminal conspiracy.
Finance Minister Pranab Mukherjee, Defence Minister A K Antony, Health Minister Ghulam Nabi Azad and Law Minister Veerappa Moily will oversee the smooth transition of power in Andhra Pradesh.
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