"You can't please all people. And the finance minister has done as good a job as was possible," said Prime Minister Manmohan Singh in an interview with T N Ninan, editorial director and chairman of Business Standard Ltd, on Monday after Finance Minister Pranab Mukherjee announced the Budget proposals in Parliament.
"You can't please all people. And the finance minister has done as good a job as was possible," said Prime Minister Manmohan Singh in an interview with T N Ninan, editorial director and chairman of Business Standard Ltd, on Monday after Finance Minister Pranab Mukherjee announced the Budget proposals in Parliament.
Finance Minister Pranab Mukherjee on Monday proposed to introduce a new simplified income tax return form 'Sugam' to reduce compliance burden of small taxpayers.
In a big relief from cumbersome tax filing process for the salaried class, Finance Minister Pranab Mukherjee on Monday proposed to exempt them from filing tax returns unless they have other sources of income.
The government said on Monday the National Skill Development Council is likely to create 4 crore (40 million) skilled workforce across the country in next 10 years and has announced Rs 500 crore (Rs 5 billion) for manpower development during the next fiscal.
Government originally planned to roll out GST from April 1 last year, but a consensus could not be reached on the introduction of the Bill.
The Reserve Bank of India (RBI) will issue guidelines for new banking licences by the end of the current fiscal. "RBI is planning to issue the guidelines for banking licences before the close of this financial year," Finance Minister Pranab Mukherjee said on Monday during his presentation of the Budget 2011-12.
An upward trend in employment has been continuously observed since July 2009.
IIP-based cumulative industrial output growth during April-December 2010 was 8.6 per cent, on a par with the growth rate of the corresponding months of the previous year, says the Economic Survey 2010-11 which was presented by the Union Finance Minister Pranab Mukherjee in the Parliament on Friday.
The Survey points out that the increased Minimum Support Price along with various other steps taken by the Government have resulted in higher levels of food-grains.
Rediff.com brings to you Railway Minister Mamata Banerjee's Railway Budget Speech Live from Parliament at 12.00 noon, February 25
Combating inflation, protecting the common man from the impact of rising food prices and sustaining the momentum of economic growth while ensuring the poor get a fair share of the "fruits of growth" are among the government's "foremost priorities" in 2011-12, President Pratibha Patil said in her address to Parliament this week.
As the role of the powers-that-be in the government comes under the scanner, pressure is being mounted on the two ED officers investigating the 2G case from the highest level, particularly the finance ministry.
What do the glitterati think of the finance minister's delicate balancing act? Here are seven famous voices...
Mobile handsets could be marginally cheaper with the Finance Minister today announcing tax exemptions for chargers, batteries and accessories.
The Centre is working out a financial package for West Bengal to tide over the huge problems the new government has inherited from the Left Front administration, Union Finance Minister Pranab Mukherjee said on Monday.
Finance Minister Pranab Mukherjee's Budget speech on Friday brought closer to reality, billionaire industrialist Anil Ambani's dream of entering the banking sector.
Budget is the annual fiscal exercise that attracts a lot interest, as it is a plan that sets goals, outlines resources to meet these goals, provides details of the government's receipts and payments, and frames the taxation policies for the country.
Finance Minister Pranab Mukherjee on Friday said government will soon come out with a draft Food Security Bill.
Ministry will give relief to exporters through a mechanism that will enable a timely refund of credit balance and time-bound refund of additional duty of customs.
Mukherjee and Swiss Foreign Minister Micheline Calmy-Rey signed the revised pact in New Delhi on Monday.
In a House of 243, the ruling United Progressive Alliance has the clear support of 101 members and needs at least another 21 members to ensure a simple majority for the bill
India and Switzerland on Monday signed the revised Double Taxation Avoidance Agreement, a move that will help the government seek details about illicit wealth allegedly stashed away by Indians in Swiss banks.
Finance Minister Pranab Mukherjee on Wednesday warned of greater sophistication in economic crimes and of its growing threat to national security.
Earlier, 40 MPs had written to Prime Minister Manmohan Singh about the intentional delay in appointing the chairmen.
Talking to reporters on the sidelines of the G-20 Finance Ministers' meeting in Paris, Mukherjee said fiscal expansionary policies were required in the past, in the wake of global financial crisis.
The move to relax tax norms on fixed deposits would help the banking sector tide over the current liquidity shortage following the Reserve Bank's decision to tighten monetary policy to tame the rising inflation.
The decision to this effect was taken by an empowered group of ministers on Food headed by Finance minister Pranab Mukherjee.
Driven by high vegetable prices, the food inflation is in double digit for the past two months and even crossed 18 per cent in the last week of December 25.
Prime Minister Dr Manmohan Singh on Tuesday conferred with his top colleagues as Uttar Pradesh government sought nearly 50,000 central paramilitary personnel for tackling any possible law and order problem after the Allahabad high court judgment next month in the Ayodhya title dispute.
The I-T department has issued 2,190 warrants and seized assets worth Rs 299.63 crore (Rs 2.996 billion), Finance Minister Pranab Mukherjee said in the Rajya Sabha.
Industrial production, measured by the index of industrial production, slowed to a 20 month low of 1.6 per cent in December, from 2.7 per cent in November 2010.
The all-party meet called by Union Finance Minister Pranab Mukherjee to resolve the deadlock in the Parliament ahead of the Budget session ended inconclusively on Tuesday with the Bharatiya Janata Party-led Opposition sticking to their demand for a Joint Parliamentary Committee probe into the 2G scam.
Finance Minister Pranab Mukherjee says exporters will have to "fight" their own battle.
Prospects of an immediate end to the deadlock in Parliament over the JPC probe into 2G spectrum scam appeared dim with the Opposition and government remaining firm in their respective positions for and against such an inquiry on the eve of an all-party meeting on Tuesday.
The United Progressive Alliance government is working towards re-introducing the Land Acquisition Bill in Parliament in the Winter Session to ensure the protection of farmers' interests who play an important positive role in food security, Finance Minister Pranab Mukherjee announced in the Lok Sabha on Tuesday.
Finance Minister Pranab Mukherjee is slated to present the Budget on February 26.
Ahead of Finance Minister Pranab Mukherjee's meeting with opposition parties on Tuesday, Bharatiya Janata Party on Saturday said there would be no dilution in its stand on a Joint Parliamentary Committee probe into the 2G spectrum scam and threatened to disrupt the budget session of Parliament if the demand was not met.
Budget 2011-12 is likely to announce significant measures to deepen the corporate bond market. Among the several measures on the government's agenda is allowing banks to provide guarantees for bonds issued by companies.
Planning Commission Deputy Chairman Montek Singh Ahluwalia on Wednesday expressed concerns over rising crude prices which soared to two-year high of $ 102 a barrel in Asian markets.
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