Fmspeaks

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Fmspeaks - Total results - 36
Cong doesn't need populism, jobs, growth can win confidence too: FM
Economy

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
Economy

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.

FIIs invest Rs 1.63 lakh cr in capital market in 2012: FM
Investing

FIIs invest Rs 1.63 lakh cr in capital market in 2012: FM

Foreign fund investment in Indian capital market grew 4-fold to over Rs 1.63 lakh crore in 2012, with the financial services and software sectors cornering bigger pie, Parliament was informed today.

Rail Budget 2013 is practical, implementable: Chidambaram
Budget 2013

Rail Budget 2013 is practical, implementable: Chidambaram

Terming the Railway Budget for 2012-13 as "practical and implementable", Finance Minister P Chidambaram today said that his cabinet colleague Pawan Kumar Bansal has presented the finances of the railways in a very candid manner.

Cabinet may consider Vodafone tax issue next week: FM
Business

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.

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

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."

Budget 2013: FM promises to make equity scheme RGESS attractive
Investing

Budget 2013: FM promises to make equity scheme RGESS attractive

Concerned over the reluctance of savers to park surplus funds in financial instruments, Finance<br /><br /> Minister P Chidambaram today said he would modify the Rajiv Gandhi Equity Savings Scheme (RGESS)

Chidambaram to launch equity scheme on Saturday
Investing

Chidambaram to launch equity scheme on Saturday

As per the notification issued by Sebi on RGESS, there would be a lock-in period of one year on investments made under the scheme.

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

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
Economy

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
Economy

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
Economy

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
Economy

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.

Govt looking at more steps to curb gold import: FM
Economy

Govt looking at more steps to curb gold import: FM

India is looking at "some other" steps to curb gold import which has led to widening of the Current Account Deficit (CAD), Finance Minister P Chidambaram has said.

FM confident of resolving Voda tax dispute in a month
Business

FM confident of resolving Voda tax dispute in a month

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

No reason to deny bank license to qualified corporates: FM
Economy

No reason to deny bank license to qualified corporates: FM

The government believes that the opening the sector will pave the way for the creation of some world-size banks and that deep-pocketed corporates will be able to provide much-needed capital for banks.

It's early to talk of FX war, but competitive depreciation dangerous:FM
Economy

It's early to talk of FX war, but competitive depreciation dangerous:FM

Chidambaram is on a four-country roadshow to drum up foreign investment, as he struggles to revive economic growth and lure investment while trying to trim the fiscal deficit - a tough job given a general election looms in 2014.

Don't worry about elections, Budget 2013 will be responsible: FM to investors
Economy

Don't worry about elections, Budget 2013 will be responsible: FM to investors

Finance Minister P Chidambaram today said general elections are 15 months away and the Budget to be presented next month will be "responsible".

 India committed to reforms, FM tells European investors
Economy

India committed to reforms, FM tells European investors

The government proposes to reduce fiscal deficit to 4.8 percent in the next financial year

Unstable govt biggest threat to reforms, says Chidu
Economy

Unstable govt biggest threat to reforms, says Chidu

The biggest threat to reforms in India is an unstable government at the Centre after 2014 elections, Finance Minister P Chidambaram said today reaffirming government's commitment to reforms