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
Finance Minister P Chidambaram on Wednesday said that the government intends to amend the resolution on Sri Lankan war crimes, but was still holding talks with other parties to come to a conclusion. "The position of the party is that we intend to amend the resolution. The opinion among other parties so far is divided. We will continue to speak to other parties to come to a consensus," Chidambaram said....
10:56 AM, Mar 20, 2013
What about loan recovery from those other than Kingfisher?, wondered its promoter Vijay Mallya while taking a dig at bank chiefs in his tweet for their "constant speak" to media on getting back dues from the grounded airline. ...
05:30 AM, Mar 20, 2013
DMK, however, could consider extending outside support to the government after 3 top ministers failed to satisfy Karunanidhi on the resolution. ...
09:00 AM, Mar 19, 2013
Ahead of the vote on a resolution on alleged human rights violations by Sri Lanka in the United Nations Human Rights Council, the DMK has threatened to pull its ministers out of the Congress-led United Progressive Alliance Cabinet and could consider extending outside support to the government after three top ministers failed to satisfy M Karunanidhi with the wording of the resolution. ...
08:01 AM, Mar 19, 2013
There has been no breakthrough in talks between the Congress and the DMK over the Sri Lankan war crimes issue, sources said on Monday evening. Congress leaders P Chidambaram, AK Antony and Ghulam Nabi Azad had met M Karunanidhi at his residence in the evening to sort matters out after the latter threatened to pull out his ministers from the UPA Cabinet if his demands on the issue were not ...
11:55 PM, Mar 18, 2013
Finance Minister P Chidambaram said on Monday he wanted to remove or relax "outdated" caps on foreign direct investment (FDI) in different sectors, as his government struggles to revive an economy that has posted its weakest growth in a decade. ...
11:52 PM, Mar 18, 2013
There has been no breakthrough in talks between the Congress and the DMK over the Sri Lankan war crimes issue, sources said on Monday evening. Congress leaders P Chidambaram, AK Antony and Ghulam Nabi Azad had met M Karunanidhi at his residence in the evening to sort matters out after the latter threatened to pull out his ministers from the UPA Cabinet if his demands on the issue were not...
08:16 PM, Mar 18, 2013
Bihar Chief Minister Nitish Kumar met Finance Minister P Chidambaram and Planning Commission Deputy Chairperson Montek Singh Ahluwalia on special status for Bihar on Monday. ...
01:22 PM, Mar 18, 2013
Reiterating that his party would pull out of the UPA if the government did not press for inclusion of genocide and war crimes on Tamils by Sri Lankan Army and administrators, DMK chief M Karunanidhi said that there is no point in continuing the alliance if the Centre fails to move amendments to US-sponsored resolution. ...
02:19 PM, Mar 17, 2013
Finance Minister P Chidambaram will meet heads of public sector banks on Monday to take stock of their concern amid moderating growth and slowdown in investment. ...
01:18 PM, Mar 17, 2013
The Finance Ministry feels there is a case for a rating upgrade of India by at least a notch or so and agencies like Standard & Poor's and Fitch would be conveyed this view when they visit India next month. "I strongly believe there is a case for S&P and Fitch to upgrade. Even if it is one only notch or two notch above, but certainly there is no case...
11:56 AM, Mar 17, 2013
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
