Fmspeaks

Cabinet may consider Vodafone tax issue next week: FM

Finance Minister P Chidambaram today said the Cabinet is likely to take a view on the Rs 11,200-crore Vodafone tax case next week.

FM confident of resolving Voda tax dispute in a month

Chidambaram said he was seeking to resolve the outstanding tax matter within the month.

Cong doesn't need populism, jobs, growth can win confidence too: FM

when questioned on party members becoming more populist closer to the elections, Chidambaram said he was confident of the Congress going into elections if there is growth, more jobs, tamed inflation andthe people have the confidence that tomorrow will be better than today

Budget 2013: Rural development gets 46% hike, Rs 33,000 cr for MGNREGS

The Union finance minister allocated Rs 33,000 crore to the Mahatma Gandhi National Rural Employment Guarantee Scheme in the Budget 2013-14.

CSO overlooked upturn signals, growth likely to be 5.5%: FM

Chidambaram said the green shoots were visible and with prudent and sound policy "we can recapture the magic of 2004-08. The average growth was 8.5 percent during that period."

5% growth below expectation; efforts on to revive growth: FinMin

The reduction in growth in agriculture and allied sector has been on account of rainfall being lower than normal, particular in the month of June-July., the ministry said.

Beef up tax collection efforts to meet target: FM to CBEC

The government has budgeted to collect over Rs 5.05 lakh crore in the current fiscal from indirect taxes that comprise excise, customs and service tax, an increase of 27 per cent over realisation in the previous fiscal.

India's fiscal deficit moderates, touches nearly 79% of estimates

The improvement on the fiscal deficit front in comparison to the same period a year ago is attributed to government'smeasures of rationalisation of expenditure including 10 percent mandatory cut on non-plan expenditure.

RBI's final guidelines on new bank licences in 2 weeks: FM

The Reserve Bank will announce new bank licensing guidelines within a fortnight under which four-five licences are likely to be given to private sector entities, Finance Minister P Chidambaram said today.

Chidambaram welcomes rate cut, promises more govt action

The real problem, he said, is to get the stalled projects off the ground, raise the savings ratio and encourage corporates, those who are sitting on piles of cash, to move ahead with investment projects.