In a bonanza for lawmakers, Finance Minister Pranab Mukherjee on Friday announced that the constituency fund of Members of Parliament will be more than doubled to Rs 5 crore per year from April 1.
Launching a broadside against Anna Hazare who has vowed to go on a fast from Tuesday over the Lokpal issue, Union Minister Pranab Mukherjee on Sunday alleged that the activist is "challenging" the Constitution and Parliament authority and such a step is "not acceptable".
Regulators are expected to work within their domain, says Pranab Mukherjee.
In the following analysis, RelaxwithTax has tried to squeeze out the useful information -- from the Budget Speech delivered by Finance Minister Pranab Mukherjee -- that is relevant to you in terms of personal taxation and finance.
Kashmiri Pandits have impressed upon the central government that there should be no dilution of the Armed Forces Special Powers Act and nothing should be done to weaken the state's integration with the country. A group of Kashmiri Pandits met Finance Minister Pranab Mukherjee in Delhi on Sunday night and apprised him of their views on the current volatile situation in the state.
The two parties are deadlocked over on a deal over sharing of seats following DMK's decision on Saturday to pull out its ministers from the UPA government over Congress attitude.
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The Centre will extend invitation to groups and individuals, including separatists in Jammu and Kashmir for a meeting with the 39-member all-party delegation visiting the state from Monday.
The decision was taken a meeting held by Congress chief Sonia Gandhi with Mukherjee, Chidambaram and other senior leaders like A K Antony, Ghulam Nabi Azad, Prithviraj Chavan and Saifuddin Soz, party sources said
Finance Minister Pranab Mukherjee on Saturday said the government has taken note of the Supreme Court observations and action will be taken against Pune-based stud farm owner Hasan Ali Khan who is facing charges of stashing huge amounts of money in tax havens.
Ahead of the crucial meeting of the Dravida Munnetra Kazhagam top brass in Chennai, Congress on Saturday signalled that its seven-year-old alliance with the Dravidian party in poll-bound Tamil Nadu, would be saved.
Citibank saw 92 cases of cloning of debit/credit cards or use of fake cards.
Finance Minister has proposed to levy MAT of 18.5 per cent on the book profits of Special Economic Zone developers and units.
Finance Minister Pranab Mukherjee had proposed to introduce a service tax of five per cent on hotel room charges and three per cent on air-conditioned restaurants that serve liquor.
His about-turn in the farm laws proves that he sees everything in just one dimension: Politics. That helps sometimes. But not always, observes T C A Srinivasa-Raghavan.
A memorandum of understanding between the defence and telecom ministries for vacation of spectrum was signed two years ago.
The finance minister's Budget Speech has come as a surprising blessing as he has maintained the rates as they were last year.
The forward process is on, the Finance Minister Pranab Mukherjee tells NDTV 24x7.
Finance Minister Pranab Mukherjee presented the Union Budget 2011-12 in Parliament on Monday. While the finance minister made the tax payers slightly happy by raising the exemption limit to Rs 180,000, he made many others unhappy.
Mobile handset prices will become more expensive as Finance Minister Pranab Mukherjee on Monday announced one percent hike in the Central Excise duty for 130 items, including phones.
In an informal discussion with rediff.com late on Thursday evening, Kolkata-based economist Abhirup Sarkar discussed this burning issue.
Participating in a debate on General Budget, Trinamool member Ratna De said the imposition of 10.5 per cent service on rail freight had 'nullified' the 'inflation neutral Rail Budget presented by our leader Mamata Banerjee.'
Companies pay MAT on the book profits that do not come under the tax net because of various exemptions and incentives.
In a good sign, the government will depend less on borrowing to finance budgetary proposals in 2011-12 than in the ongoing 2010-11 financial year.
Giving in to demands from Anganwadi workers, the government on Monday said it will double their remuneration while a special development fund for women self-help groups was also announced as part of its initiatives for the fair sex.
With a view to reduce wastage of farm produce, Finance Minister Pranab Mukherjee on Monday announced to set up 15 more mega food parks in the country.
Extension of tax break is part of the efforts to scale up the power generation capacity.
Finance Minister Pranab Mukherjee presented the Union Budget 2010-11 in parliament on Friday. A look into the hihghlights.
Private banks are sitting on unclaimed amount of Rs. 195.9 crore.
Bringing some cheer to the industry, Finance Minister Pranab Mukherjee on Monday lowered the surcharge tax limit on corporate tax to 5 per cent from 7.5 per cent, even while marginally raising the Minimum Alternate Tax.
Rising food prices are pinching everybody and he would like to do his bit to increase purchasing power.
Bowing to demands by several political parties, government on Thursday decided to carry out a caste census next year.
Inflation stood at at a high of 8.23 per cent in January. After touching a high of 18.23 per cent in December, food inflation came down to 11.49 per cent in mid-February.
Ahead of the Budget, the Survey made a case for gradual exit of stimulus provided to the industry.
Endorsing the Economic Survey's emphasis on the farm and the infrastructure sectors for achieving higher economic growth, Finance Minister Pranab Mukherjee said inflation and widening current account deficit remain major areas of concern.
Current account deficit in 2010-11 will be well below 3.0 per cent of GDP.
The Bharatiya Janata Party has trained its focus and its guns on Prime Minister Dr Manmohan Singh and has asked him to answer their long list of questions on the 2G spectrum issue, wanting to know why he has been changing his stand on both 2G and jailed former Union minister A Raja.
Observing that Islam does not have any link with terrorism, External Affairs Minister Pranab Mukherjee said that sometimes religious texts are misinterpreted to commit terrorist activities.
Dr Murali Manohar Joshi, chairman of the Public Accounts Committee, has said that the constitution of a Joint Parliamentary Committee to probe the 2G spectrum scam would in no way hamper the job of the PAC that is investigating the massive scam right now.He was reacting to the statement made by Finance Minister Pranab Mukherjee that once the JPC was announced, the ongoing probe by PAC will amount to duplication of work.
At the meeting, Gandhi described bills on Food Security and Women's Reservation as 'most important' legislative agenda of the government.
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