New Delhi: Committing to carry forward the economic reforms programme in the remaining term of UPA-II, Finance Minister P Chidambaram on Wednesday said the government will take more executive actions in the next two to four months and sought cooperation of the main opposition party to push through important bills in Parliament.
Ruling out early elections, the Minister said the government would last for 13 months more and would continue to take small but significant steps to ensure that the country achieves its potential growth rate of 8 per cent. "There is much more to be done. The remaining bills have to be passed. There are many more executive actions that have to be taken... Some of these are executive actions which we will take in the next 2-4 months.
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12:15 PM, Apr 24, 2013
New Delhi: Finance Minister P Chidambaram will seek to drum up foreign investment from the United States and Canada this week to fund a record high current account deficit, even as policymakers debate the risks of over-reliance on foreign investors to finance the gap. As Chidambaram kicks off a week-long North America trip, his officials are working on a series of steps to attract at least $20 billion in new...
04:59 PM, Apr 14, 2013
New Delhi: Finance Minister P Chidambaram is embarking on a week long visit to Canada and the US on Sunday to sell India's growth story to foreign investors and participate in the World Bank/IMF spring meetings in Washington. During his tour, he is expected to talk about the recent steps taken by the government to speed up large projects and measures to bring down fiscal deficit. With India facing high...
06:24 PM, Apr 13, 2013
Coimbatore: Four women were injured on Tuesday when the police escort vehicle of Union Finance Minister P Chidambaram hit an autorickshaw in which they were travelling near Koilpalayam, 25 km from Coimbatore, police said. Chidambaram was proceeding to Coimbatore airport after attending a function at Udumalpet in Tirupur District, when the incident occurred, police said. The escort vehicle hit the autorickshaw with five passengers as it was turning into the...
06:47 PM, Apr 09, 2013
New Delhi: Days after a CNN-IBN and FirstPost.com investigation found that ganglord Dawood Ibrahim's cash was washing up in the offshore banking haven of Nassau in The Bahamas in a Bank of Baroda branch, the Central Board of Direct Taxes (CBDT) has approached the channel seeking details into the report and has sought a copy of the CD. On Saturday, Finance Minister P Chidambaram had assured that officials will look...
06:15 PM, Apr 07, 2013
New Delhi: A day after a CNN-IBN and FirstPost investigation found that ganglord Dawood Ibrahim's cash was washing up in the offshore banking haven of Nassau in The Bahamas in a Bank of Baroda branch, the government on Saturday assured stern action if any tax laws have been violated. Finance Minister P Chidambaram said officials will look at the CD of the story and take action as required. Earlier on...
05:34 PM, Apr 06, 2013
>Asserting that India has to sort many internal issues, Finance Minister P Chidambaram on Monday said containing fiscal deficit, current account deficit and inflation are big challenges that country is facing currently. However, he maintained that the problems were being addressed and that fiscal deficit will reach the target of 3 per cent in 2016-17. ...
06:40 PM, Apr 01, 2013
After selling India story to investors in Hong Kong, Singapore and Europe, Finance Minister P Chidambaram is leaving for Japan on Monday to attract foreign investment. Chidambaram would meet his Japanese counterpart and institutional investors during his three-day official visit to Japan, sources said. ...
01:46 PM, Mar 31, 2013
Finance Minister P Chidambaram on Saturday reviewed implementation of centrally-sponsored schemes at a meeting which was boycotted by panchayat union presidents and MLAs belonging to Tamil Nadu's ruling AIADMK. ...
07:00 PM, Mar 30, 2013
Finance Minister P Chidambaram stressed on need of BRICS development bank saying, "The bilateral funds that flow from the developed countries to the developing countries has declined. The existing multinational development banks and the regional banks are insufficiently capitalised," ...
11:22 AM, Mar 27, 2013
Finance Minister P Chidambaram has hinted at steps to restore a sense of security in Jammu and Kashmir by April-May. Addressing the National Editors Conference in the Capital, Chidambaram said that violence in the valley will subside and the present phase of uncertainty will end. He did not, however, specify what measures are being contemplated. ...
01:40 PM, Mar 23, 2013
An inter-ministerial panel on Wednesday cleared a 10.82 per cent stake sale in steel major SAIL and decided that the issue will hit the markets on Friday, a top Finance Ministry official said on Wednesday. ...
12:10 PM, Mar 20, 2013
Union Finance Minister P Chidambaram replies the queries of citizens about the Union Budget through Google Hangout. ...
02:48 PM, Mar 05, 2013
Finance Minister P Chidambaram answered questions about Budget 2013 using Google Hangout, a multi-person online video chat, on Monday. Chidambaram joined the camp of other personalities like Barack Obama to use Google Hangout to reach out to people. ...
11:21 AM, Mar 05, 2013
Finance Minister P Chidambaram answered questions about Budget 2013 using Google Hangout, a multi-person online video chat, at 8:00 pm on Monday. Chidambaram joined the camp of other personalities like Barack Obama to use Google Hangout to reach out to people. ...
10:15 AM, Mar 05, 2013
Kingfisher Airlines' promoter Vijay Mallya is likely to meet Finance Minister P Chidambaram on Tuesday to discuss ways to deal with the financial challenges faced by the airline. With more than Rs 15,000 crore in the form of debt, accumulated losses and various dues, the airline has remained grounded since October 2012. ...
08:48 AM, Mar 05, 2013
Union Finance Minister P Chidambaram joined a Google Hangout to field questions on Budget 2013-14. ...
07:56 PM, Mar 04, 2013
India's first all-women bank will start operations from November this year through six branches spread across the length and breadth of the country, Finance Minister P Chidambaram said today. "It will be inaugurated in November. Initially we should start with at least one branch in each major region of this country, South, West, East, Centre, North and North-east. So that will mean immediately we should start with six branches," he...
02:12 PM, Mar 03, 2013
A number of non-legislative decisions covering customs, excise, service tax, insurance and banking to promote growth will be announced in Parliament before the passage of the Finance Bill. Disclosing this here today, Finance Minister P Chidambaram said that the budget presented by him on February 28 focussed on the legislative areas and the broad agenda. The government was now working on non-legislative decisions. ...
12:25 PM, Mar 03, 2013
