Finance Minister P Chidambaram has hinted at a possible vote against Sri Lanka at a United Nations Human Rights Council (UNHRC) later in March. This comes barely a day after DMK chief M Karunanidhi warned of pulling out his ministers from the Cabinet over the Sri Lankan Tamils issue. ...
09:41 AM, Mar 17, 2013
The man widely expected to be the next Reserve Bank of India (RBI) governor favours clipping the autocratic power of the role and giving more say to a monetary policy committee. Raghuram Rajan, who in 2005 predicted the global financial crisis, also believes that inflation of around 5 per cent is "reasonable" in a developing economy, rejecting the notion of a "new normal" for India of 7-8 per cent. ...
03:16 AM, Mar 16, 2013
Seeking to dispel fears over the state of economy, Finance Minister P Chidambaram on Thursday said the country will return to high growth of 7 per cent in two years and promised adequate public spending to stimulate it. Replying to a debate on the Budget 2013-14 in the Lok Sabha, he said the government was committed to ensuring reduction of fiscal deficit from 5.2 per cent to 3 per cent...
11:15 PM, Mar 14, 2013
India's recent budget should have a softening effect on inflation, Reserve Bank of India (RBI) governor Duvvuri Subbarao said on Wednesday. "Given the circumstances, I think it's (the budget) very measured and responsible," he told students in London. ...
10:36 PM, Mar 13, 2013
After differences in the Cabinet, the government's proposed anti-rape legislation has finally made some headway. A Group of Ministers (GoM) headed by Finance Minister P Chidambaram is likely to finalise the anti-rape Bill for Cabinet approval on Wednesday. The government is likely to stick to the gender specific word 'rape' not sexual assault, sources said. ...
07:50 AM, Mar 13, 2013
After the meeting of the groups of ministers over the anti-rape Bill, Union Finance Minister P Chidambaram said the GoM would meet again on Wednesday and the Bill would reach the Cabinet on Thursday. ...
11:03 PM, Mar 12, 2013
An inter-ministerial panel on Tuesday deferred government's 9.33 per cent stake sale in the state-owned trading company MMTC on concerns over valuation of the company's equity. ...
02:25 PM, Mar 12, 2013
To attract more overseas investment into the country, government is working on bringing new norms for a common KYC for foreign institutional investors (FII), Finance Minister P Chidambaram said on Monday. ...
03:33 PM, Mar 11, 2013
Amid moderation in economic growth, Finance Minister P Chidambaram is likely to prod banks to step up lending at a meeting with heads of public sector banks on March 18. ...
12:06 PM, Mar 10, 2013
On the back of higher economic growth and the additional revenue measures of the budget, the central government hopes tax collections will increase 19 per cent in 2013-14, the finance minister's adviser Parthasarathi Shome said on Saturday. ...
06:53 AM, Mar 10, 2013
Finance Minister P Chidambaram on Saturday said the government wants to introduce the Direct Tax Code (DTC) bill in the Budget session of Parliament. He also said that Goods and Service Tax (GST) would become a reality within 2013, if all state governments come on board. ...
10:59 PM, Mar 09, 2013
More politicians are getting "Z-plus" security and the new entrants include Union Minister Beni Prasad Verma and BSP MP Brajesh Pathak months after the list of VIPs in this category was pruned during P Chidambaram's tenure as Home Minister. ...
08:40 AM, Mar 09, 2013
The government on Friday set up a committee headed by former chairman and managing director of Canara Bank MBN Rao to prepare the blueprint for the country's first women's bank. ...
04:28 AM, Mar 09, 2013
Telecom Minister Kapil Sibal on Thursday said the government will try to start national free roaming for customers before October this year. "Trai has floated a consultation paper on it (national free roaming). So when Trai's recommendations come and after that, we will try to start free roaming before October," Sibal told reporters on the sidelines of the launch of National Internet Registry (NIR) here. ...
02:25 PM, Mar 07, 2013
India's slowest economic growth in a decade could be even worse than anticipated, as preliminary data released in February showed the economy appears to have grown 5.0 per cent in the fiscal year that ends this month - lower than both the RBI and finance minister's forecasts - underscoring the urgent need for reforms to boost growth. ...
12:15 PM, Mar 07, 2013
India's record-high current account deficit is a chief worry as it is increasing the dependence on foreign investments, the government's top economic adviser said on Tuesday, making the country vulnerable to a sudden stop and reversal in fund inflows. ...
03:59 PM, Mar 05, 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
The Comptroller and Auditor General's (CAG) final report on the farm debt waiver scheme is likely to be tabled in Parliament on Tuesday. Sources said the report is fairly critical of its implementation, alleging that beneficiaries of the scheme were selected randomly and did not reach the needy farmers. ...
09:55 AM, Mar 05, 2013
