When former finance minister Palaniappan Chidambaram was arrested by the Enforcement Directorate in August 2019, it was considered by some as payback from Home Minister Amit Anilchandra Shah who likely held his predecessor in the home ministry responsible for his own arrest nine years earlier, in July 2010.
What stood out in his 15-year journey as a member of the political executive at the Centre was his glowing record as India's most successful and effective finance minister. Both as prime minister and finance minister, he understood the importance of gradualism, except when the economy or the polity was in a crisis.
How much do you know about the finance minister?
Whether it was the MGNREGS or the NFSA or the Aadhaar-based DBT scheme for cash transfer, the Modi government has built on the basic architecture created by the Singh government. Policy makers in the Modi government, instead of discarding them as products of the previous political regime, worked on them, expanded their scope and reach, and used new tools to improve their performance, explains A K Bhattacharya.
We present some of the most dramatic photographs clicked across the globe in the last 24 hours.
The key numbers in Mr Jaitley's Budget will be looked at closely to assess the extent of revisions they represent over what Mr Chidambaram had presented in February.
Officials from 22 banks made representations before the minister and his panel about the industry expectations from the next financial budget.
Shreekant Sambrani looks back at the tragedy of errors that has landed the once buoyant Indian economy in its worst mess in recent times.
He used an old rule to cut the expenditure allotted to various ministries.
In less than five months of resuming charge of the finance ministry, Palaniappan Chidambaram has put in place virtually a new team to take charge of the government's fiscal policy management in the remaining months of its tenure. Will the celebrated economists and IAS officers share the required equation remains to be seen.
Instead of worrying about imported gold, FM should broaden the tax base to dispel concerns about govt-driven inflation.
With RBI governor Duvvuri Subbarao retiring in September, 2013, the government is on the look out for the most eligible person to head the Reserve Bank of India.
Good news for the first-time homebuyer, stock market investor and individuals wanting to buy insurance in the Union Budget 2013-14, opines Rajiv Raj of CreditVidya.com
Japan recently de-valued yen for economic growth.
The various statements attributed to Chidambaram during his meetings with investors in Hong Kong and Singapore reveal a lot about the broad trend of ideas that would influence his next Budget.
Restrictions on gold by the Centre & RBI will help, but can these make gold unattractive for investors?
Days after Home Minister Palaniappan Chidambaram said the investigators had promising leads in the September 7 blast outside the Delhi high court, a senior government official told reporters in New Delhi that there has been no breakthrough in the case a fortnight after the act of terror.
The United Progressive Alliance government will present its 10th Budget next week.
Companies that loaded up on debt when India was being hailed as the world's second-fastest-growing economy are now deleveraging to clean up their balance sheets.
Many including IMP oppose allowing industrial houses to set up banks.
Finance Ministers play a key role in shaping the economy of a country.
Finance Minister Palaniappan Chidambaram said on Thursday state-run banks needed to consolidate to add financial strength to their operations.
In a huge relief for Union Home Minister Palaniappan Chidambaram, a special Central Bureau of Investigation court on Saturday dismissed a petition by Janata Party President Dr Subramanian Swamy seeking to make Chidambaram a co-accused in the 2G spectrum case.
Bond yields have risen since the Reserve Bank of India raised interest rates for a second consecutive month on October 29.
Home Minister Palaniappan Chidambaram, isolated and under attack from the Opposition after the letter the Finance Ministry wrote to the Prime Minister's Office was made public on Wednesday, discovered he had a supporter after all.
The National Advisory Council, headed by United Progressive Alliance Chairman Sonia Gandhi, will also meet on Thursday to look at the Food Security Bill, a crucial component of the second UPA government's promise to provide cheap and plentiful food to the poor.
There is no denying that Home Minister Palaniappan Chidambaram's three-day trip to the United States will advance the further institutionalisation of India-US counter-terrorism and intelligence-sharing cooperation.
Home Minister Palaniappan Chidambaram's reply last week to the debate in Parliament on the Liberhan Commission's report would largely be seen as the United Progressive Alliance government's comprehensive indictment of the role of the Bharatiya Janata Party and its leaders in the demolition of the disputed structure in Ayodhya on December 6, 1992.
Post-Budget, the FM was at his most relaxed as he would get to use his mobiles, and can take visitors.
The Union home ministry believes the newly-formed National Investigation Agency will have to reinvestigate the 26/11 case if the David Headley-Tahawwur Rana probe produces unexpected links with the Mumbai terror attacks. This will be a serious matter and hit the Mumbai police's credibility.
The government has a clear set of rules that govern even the expression of personal views by IAS officers.
The country's new home minister, Palaniappan Chidambaram, today said he prefers a Congressman as his successor in the finance ministry, setting off speculation about the implication of his statement.
From a hard core Leftist in the late 1960s to being the liberal face, Palaniappan Chidambaram combines in him the qualities of a bold reformer, experienced administrator and a taskmaster in whatever assignment is given to him.
Now for the first time, the top team in North Block has the predominance of IAS officers.
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Chidambaram, speaking to reporters, also said the fundamentals of the Indian economy had not changed and asked investors to wait for the April-June quarter growth numbers due at the end of the month.
According to party sources, the Congress' hopes to regain power are pinned on the first and third phases of the election. The first phase (89 assembly segments) will cover the entire southern Karnataka along with Bangalore and Mysore. In the third phase, 69 constituencies of the northern part will go to polls.
Even as experts were debating pros and cons of the waiver, came the first-ever announcement in the history of commodity markets anywhere in the world the introduction of Commodity Transaction Tax and this, coupled with service tax imposed on commodity exchanges, was a blow to the nascent commodity Futures industry in the country.
Before he boarded the Amtrak train at New York's Penn station, the home minister learnt what novel security measures the New York Police Department, Coast Guard and the Federal Bureau of Investigation were taking to deal with possible terrorist attacks. In the wake of the terror attacks on Mumbai in November last year, the NYPD had incorporated changes to deal with similar attacks from the sea and on soft targets.
A slew of economic indicators in the current fiscal threatens to sully P Chidambaram's record as FM.
Cheaper goods and services and stability in overall prices, as well as higher exemption in personal income tax rates is also on the wish list of the common man.
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