Taking a stock of the situation, former RBI Governor Bimal Jalan said that there might be a direct policy to control inflation in one or two months. According to him, inflation is a serious problem and needs to be tackled soon.
Deputy Chairman of the Planning Commission Montek Singh Ahluwalia said he expects inflation to fall to 6-6.5% by March-end and said he sees India’s GDP growth at 8.5% or little more this fiscal. He added that a GDP growth of 9% was not above the potential of the Indian economy.
Finance Minister Pranab Mukherjee today met state finance ministers in a pre-budget consultation meeting. Apart from putting across their demands to the central government, state finance ministers wanted greater action from the centre on controlling inflation.
At today's Pre-budget meeting with the FM, banks requested the Finance Ministry to allow them to issue shares without voting rights.
With just about 40 days left to Budget 2011, the finance minister today held discussions with top industrialists. In an interview with CNBC-TV18, Hari Bhartia, President, CII & Amit Mitra, Secretary General, FICCI discussed India Inc's budget wishlist.
Finance minister Pranab Mukherjee on Tuesday held a pre-budget meeting with industry leaders in the capital. The meeting was attended by Ratan Tata, Rajan Mittal and Hari Bhartia. CNBC-TV18's Aakansha Sethi elaborates on what the key demands of the industry were.
CNBC-TV18 brought together some of the brightest and most respected entrepreneurs and venture capitalists like Sanjeev Aggarwal, MD, Helion Advisors; Sanjeev Bhikchandani, founder, naukri.com and Hemir Doshi, co-founder, IDG Ventures India, to draw up the entrepreneurial agenda for 2011.
The revenue department doesn’t expect many taxation changes in Budget 2011-12, sources from the department inform CNBC-TV18.