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Finance Minister Pranab Mukherjee

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  • Pranab Mukherjee in his own words — quotes from his three-volume memoir

    Pranab Mukherjee in his own words — quotes from his three-volume memoir

    Here are some famous quotes from Pranab Mukherjee's three-volume memoir.

  • EGoM to discuss spectrum price tomorrow

    EGoM to discuss spectrum price tomorrow

    An Empowered Group of Ministers, headed by Finance Minister Pranab Mukherjee, is likely to meet tomorrow to discuss crucial issues of spectrum price, payment terms and network roll-out obligations for auction of airwaves due before August 31.

  • Pranab to discuss slowdown with industry leaders on June 26

    Pranab to discuss slowdown with industry leaders on June 26

    Amid slowdown and decelerating growth, Finance Minister Pranab Mukherjee will meet captains of Indian industry on June 26 to firm up steps to rejuvenate the manufacturing sector and the economy.

  • Spectrum EGoM decides on auction agenda; no call on pricing

    Spectrum EGoM decides on auction agenda; no call on pricing

    The Empowered Group of Ministers (EGoM) headed by Finance Minister Pranab Mukherjee could not take any decision on the contentious issue of spectrum pricing at its meeting today evening.

  • FM asks public sector banks to manage non-performing assets

    FM asks public sector banks to manage non-performing assets

    Concerned over rising bad loans, Finance Minister Pranab Mukherjee today asked the banks to take steps to manage their non-performing assets (NPAs) which have grown on account of economic downturn.

  • To issue austerity measures to improve fiscal health: FM

    To issue austerity measures to improve fiscal health: FM

    India will issue some austerity measures to aid the fiscal consolidation process, Finance Minister Pranab Mukherjee said. Addressing the Parliament, he assured that the government has taken steps to boost growth. He is confident that India growth is intact and it is only the Greek crisis that is pulling the domestic market down.

  • Reforms possible only with broad consensus: Pranab

    Reforms possible only with broad consensus: Pranab

    A day after some UPA allies forced the government to defer amendment to the Insurance Act, Finance Minister Pranab Mukherjee today said in a federal structure with multi-party democracy reforms are possible only with broad consensus after dialogues and discussions.

  • High rates, slow growth impacted loan repayments: FM

    High rates, slow growth impacted loan repayments: FM

    High interest rates and slow economic growth in 2011 has adversely impacted the repayment capacity of borrowers, Finance Minister Pranab Mukherjee said today.

  • BJP slams govt over decision to deregulate diesel prices

    BJP slams govt over decision to deregulate diesel prices

    BJP today attacked the government for its in-principle decision to decontrol diesel prices even as Finance Minister Pranab Mukherjee said the move was decided in June last year but refused to specify whether it is being implemented.

  • India allows $1 bn overseas borrowing for airline industry

    India allows $1 bn overseas borrowing for airline industry

    India has allowed aviation companies to borrow up to USD 1 billion from overseas to meet their working capital requirement for one year, the finance ministry said in a statement on Thursday.

  • BPCL seeks diesel due domestic shortage: Sources

    BPCL seeks diesel due domestic shortage: Sources

    Bharat Petroleum Corp is seeking a diesel cargo for early May as domestic supply remains tight on the back of refinery maintenance, industry sources said on Thursday.

  • RBI cutting rates to boost growth: Montek

    RBI cutting rates to boost growth: Montek

    Planning Commission Deputy Chairman Montek Singh Ahluwalia today said RBI reducing lending rates along with government efforts to bring down fiscal deficit should boost economic growth this year.

  • Jewellers face survival test as taxes mount

    Jewellers face survival test as taxes mount

    Rajanikant B. Doshi sits behind the shutters in his tiny jewellery shop on one of the narrow alleyways of Zaveri Bazaar market, anxiously turning one of his rings as he weighs the impact of recent tax increases on his 50-year-old business.

  • Mukherjee says happy if inflation between 6%-6.5%

    Mukherjee says happy if inflation between 6%-6.5%

    Finance Minister Pranab Mukherjee said given the constraints, the government would be happy if inflation remains between 6% and 6.5% through fiscal year 2012-13 starting in April.

  • Union Budget 2012: Health sector gets Rs 34,488 crore, up by 13.24%

    Union Budget 2012: Health sector gets Rs 34,488 crore, up by 13.24%

    The Health sector has got a total outlay of Rs 34,488 crore in the budget estimates for 2012-13, which is 13.24% more than the budget estimates of Rs 30,456 for the ongoing fiscal.

  • Budget 2012: Budget disappointing, inflationary: Madhya Pradesh CM

    Budget 2012: Budget disappointing, inflationary: Madhya Pradesh CM

    Madhya Pradesh Chief Minister Shivraj Singh Chouhan today termed the Union Budget as "disappointing" and "inflationary".

  • Budget 2012: Govt allocates Rs 3,867.33 crore to Delhi Police

    Budget 2012: Govt allocates Rs 3,867.33 crore to Delhi Police

    The Delhi Police today got a Rs 526.58 crore increase in the budget allocation for the next fiscal with Finance Minister Pranab Mukherjee allocating Rs 3,867.33 crore for its operation.

  • Union Budget 2012: Budget increases AC, first class train fares further

    Union Budget 2012: Budget increases AC, first class train fares further

    Passengers travelling in all AC classes and first class will have to pay charges in addition to the recent hike in train fares with the General Budget today bringing journeys in them under the ambit of service tax.

  • Budget 2012-13: Absence of bold steps in Budget upsets Indian market

    Budget 2012-13: Absence of bold steps in Budget upsets Indian market

    The budget for the next fiscal year sorely disappointed investors with a higher-than-expected market borrowing programme sending long-end swap rates to near 8-month high, and the benchmark bond yield to its highest in two-and-a-half months.

  • Union Budget 2012: Union Budget allocates nearly Rs 212 cr for training babus

    Union Budget 2012: Union Budget allocates nearly Rs 212 cr for training babus

    The government today earmarked about Rs 212 crore to the Ministry of Personnel, Public Grievances and Pensions for augmenting its training facilities and setting up of a National Centre for Good Governance among others in the Union Budget.

  • Union Budget 2012: Ford India head: Car prices to increase after budget

    Union Budget 2012: Ford India head: Car prices to increase after budget

    Ford's India unit will increase the prices of its cars as a result of a hike in excise duty announced in the country's federal budget on Friday, its president said in a statement

  • Budget 2012: Budget sees crude price at $115 per barrel: R Gopalan

    Budget 2012: Budget sees crude price at $115 per barrel: R Gopalan

    The union budget for the fiscal year 2012-13 estimates the average crude price at USD 115 a barrel, said R. Gopalan, secretary of economic affairs in the ministry of finance.

  • Budget 2012-13: StanChart's India shares soar on budget proposal

    Budget 2012-13: StanChart's India shares soar on budget proposal

    Standard Chartered Plc's Indian shares rose as much as 20%, their maximum upper limit, after the union budget on Friday proposed permitting "two-way fungibility" for Indian depositary receipts, or IDRs.

  • Budget 2012-13: Coal imports unlikely to spike despite tax cut

    Budget 2012-13: Coal imports unlikely to spike despite tax cut

    India scrapped taxes on coal imported by power companies on Friday and although the move makes overseas thermal coal more attractive it won't be enough to boost purchases much beyond the 70-80 million tonnes already forecast by analysts for 2012-13.

  • PM, FM choreagraphed events in Rajya Sabha on Lokpal: BJP

    PM, FM choreagraphed events in Rajya Sabha on Lokpal: BJP

    Bringing the Prime Minister in the line of fire, BJP today accused him and his ministers for the "choreographed disturbance" in the Rajya Sabha on the Lokpal issue and insisted that since the government wanted a weak ombudsman and lacked numbers, it ran away from a vote.

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