The Prime Minister's Council on Trade and Industry comprising top industrialists and bankers met on Wednesday and reviewed the economic situation, particularly in the wake of the European financial crisis.
Reflecting the growing strains in relations between the two United Progressive Alliance allies, Finance Minister Pranab Mukherjee on Tuesday criticised attempts of Trinamool Congress to marginalise Congress in West Bengal.
Amid fears of double-dip recession, Finance Minister Pranab Mukherjee on Friday called for concerted action by G-20 nations to provide impetus to the world economy and deal with the related problems.
After promising support to the United Progressive Alliance government over the 2G Spectrum controversy, Tirnamool Congress chief Mamata Banerjee took the Congress by surprise when she joined the Opposition in their demand for a joint parliamentary committee on Monday.
The emphasis would be on curbing subsidies and promoting private sector investment by continuing stimulus measures.
Vietnamese Prime Minister Nguyen Tan Dung on Wednesday assured Finance Minister Pranab Mukherjee that land acquisition issues for the proposed Tata Steel plant in the neighbouring country would soon be resolved.
The government said it has identified a few more cross-border merger and acquisition cases, including Barclays-Intelnet deal, for possible tax evasion after slapping Rs 11,000-crore (Rs 110 billion) tax notice on Vodafone for Hutchison Essar deal.
The assurance was given by Vietnamese Prime Minister Nguyen Tan Dung when India's Finance Minister Pranab Mukherjee called on him in Hanoi.
Mukherjee said uncertainty was still there on oil prices front due to unrest in West Asia and North Africa.
Supporting Reserve Bank's hawkish stance on monetary policy, Finance Minister Pranab Mukherjee on Tuesday said the increase in the key rates was necessary to contain inflation.
The government on Friday decided to allocate five million tonnes of additional wheat and rice for distribution through ration shops to BPL families, giving them some relief from high food inflation.
RBI is scheduled to announce the annual credit policy on May 3.
Government on Wednesday rejected the opposition demand for Joint Parliamentary Committee probe into Adarsh housing scam, saying the centre has nothing to do with it.
Home Minister P Chidambaram on Friday parried questions on the truce between him and Finance Minister Pranab Mukherjee on the controversial 2G note and whether he had offered to quit during the crisis.
Finance Minister Pranab Mukherjee and Home Minister P Chidambaram's much-awaited statement before the media on the 11-page note of finance ministry on the 2G scam that indicts Chidambaram is a loss of face for Mukherjee, but it may prove a deceptive victory for Chidambaram at a later stage.
Amid the raging row over the controversial 2G note, three ministers on Wednesday night met Finance Minister Pranab Mukherjee at his residence to find a way out to end the political storm.
As the 2G fire rages, Finance Minister Pranab Mukherjee has written a letter to Prime Minister Manmohan Singh setting out in detail the events surrounding the controversial allocation of spectrum.
Justice Santosh Hegde on Saturday indicated that he may not resign from the joint drafting committee on Lokpal Bill after Finance Minister Pranab Mukherjee's statement that the government was looking forward to enacting a strong anti-corruption legislation.
Prime Minister Manmohan Singh on Saturday rejected the Opposition demand for the resignation of Home Minister P Chidambaram over the 2G issue and made it clear he will defend all his Cabinet colleagues.
Amid the raging controversy over the note on P Chidambaram vis-a-vis 2G spectrum auction, Finance Minister Pranab Mukherjee would meet Prime Minister Manmohan Singh in New York on Sunday to sort out the issue.
Finance Minister Pranab Mukherjee is cutting short his visit to Washington and rushing to New York to meet Prime Minister Manmohan Singh, amid a storm back home over his ministry's note to the prime ministers on the 2G scam.
Unable to comprehend the deliberations in English in the joint drafting committee on Lokpal Bill, anti-corruption crusader Anna Hazare has sought an interpreter for himself from the next meeting.
Crossing Rs 49, the Indian currency is moving fast towards the Rs 50-to-a-dollar mark.
On Wednesday, Mukherjee addressed two press conferences at the International Monetary Fund.
The 2G spectrum case has taken a wild turn with the release of a note that could be a game changer.
The joint drafting committee on Lokpal bill on Saturday had its first meeting when civil society representatives presented a new draft of the legislation to the government with both sides expressing hope that the new law will be brought in the monsoon session of Parliament.
The latest numbers are the lowest since December 2009 when headline inflation was at 7.15 per cent.
The latest inflation numbers are the lowest since December 2009 when headline inflation was at 7.15 per cent.
At Economic Editors' Conference in New Delhi, Finance Minister Pranab Mukherjee said he has suggested to the Andhra Pradesh Government to address some stringent provisions of its recently promulgated ordinance to rein in MFIs.
Finance Minister Pranab Mukherjee on Wednesday said the wrong policy and non-functional police of the Left Front government in West Bengal were responsible for the rise of Maoism in the state. "The Left Front government should be blamed for the rise of Maoists in West Bengal. Their wrong policy and non-functional police have allowed the Maoists to enter the state and strengthen their base in Junglemahal," the senior Congress leader told an election rally at Harishchandrapur.
The first meeting of the newly-constituted joint committee comprising ministers and civil society activists to draft the Lokpal Bill will be held on Saturday.
Finance Minister Pranab Mukherjee on Thursday briefed Prime Minister Manmohan Singh on the ongoing investigation against the owners of Indian Premier League teams.During the briefing, Mukherjee explained to Dr Singh how bids for franchisees were made.Reportedly, Dr Singh and Mukherjee also discussed the names of Nationalist Congress Party leaders Praful Patel and Supriya Sule being drawn into the IPL controversy.
The government on Friday admitted that providing more and better jobs to the young still remained a challenge, even as the Indian economy was back on a high growth path after hit by the global financial crisis for two years.
Limiting the supply of subsidised LPG cylinders is likely to save the government over Rs 12,000 crore in subsidy outgo annually.
Finance Minister Pranab Mukherjee on Friday said the 25 basis points rate hike by the Reserve Bank will help in moderating inflation to a comfortable level without hurting growth.
All subsequent cylinders will have a non-subsidised rate that will be fixed every month.
The notification, one of the key demands of the anti-corruption campaign launched by Gandhian Anna Hazare, has been signed by V K Bhasin, Secretary, Legislative Department of the law ministry.
A group of ministers led by Finance Minister Pranab Mukherjee on Tuesday allowed Air India to raise Rs 7,400 crore (Rs 74 billion) by issuing government-guaranteed bonds or by other means.
Describing the high commodity and food prices a threat to growth and food security in energy dependent emerging economy, the Minister called for collective global action to overcome the crisis.
In a major initiative to strengthen the cash-strapped aviation sector, a group of ministers on Tuesday decided to allow airlines to directly import jet fuel to enable them save on high incidence of tax and permit Air India to raise Rs 7,400 crore (Rs 74 billion) by issuing bonds or other means.
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