P. Chidambaram

In an interview to CNBC-TV18‘s Latha Venkatesh and Menaka Doshi, Dinesh Kanabar, Deputy CEO at KPMG shared his expectations on what the street is expecting Chidambaram to say on the taxation front.

In interview with CNBC-TV18's Latha Venkatesh, Menaka Doshi & Senthil Chengalvarayan, Chetan Ahya, Chief Asia Economist and Managing Director of Morgan Stanley spoke about the fiscal number and what to expect from finance minister's Interim Budget speech.

Presenting his last Budget, finance minister P Chidambaram said the government expects to contain the FY14 fiscal deficit at 4.6 percent of GDP. “We will contain FY14 current account deficit at USD 45 billion,” he told the House.

Despite numerous snubs in the past, the auto industry is still hoping for a surprise from North Block.

Finance Minister P Chidambaram will be walking a tightrope when he presents an interim budget for the coming fiscal year, doling out more funds to woo voters and tax cuts to support industry while projecting a lower fiscal deficit before elections.

Pointing at India's nagging deficit issue, Gokarn said containing the menace called subsidy should be new government's most important task.

India had managed to clock an average growth of 8.5% between 2004 and 2009, but slipped to 7.2-7.3 percent in the next four years due to global and domestic. The finance minister on Wednesday had said India can register a sustained rate of 8-9 percent growth annually over the next 10-30 years.

The 15th Lok Sabha has been the worst performing in India's history. The winter session of parliament will resume on Wednesday and Parliamentary Affairs Minister Kamal Nath and Minister of State, Rajeev Shukla held an all party meeting today.

I feel that divestment is now not going to be possible inspite of the fact that so many of these are just bleeding ulcers and the public sector enterprises and the same attempts would be made to try and improve their performance, former minister Arun Shourie said.

The FM also said that the government‘s divestment drive was going on as per the plan announced in September 2014.

Unlike the frenetic activity before the Union Budget every year, this winter is a languid one for the Finance Ministry as it prepares to table the vote on account in Parliament on the February 17.

Congress party chairperson Sonia Gandhi expressed confidence in the performance of the United Progressive Alliance (UPA) government during its nearly ten years in office.

In an exclusive interview to CNBC-TV18, Finance Minister P Chidambaram discussed a wide range of issues including inflation, growth, the government‘s fiscal and current account deficit targets, and a host of political issues.

According to Sharma, outflows on account of royalty and fee for technical services accounted for 16-33 percent of the FDI inflows between FY10 and FY13.

NDF is a forex derivative instrument, traded over the counter and operated in currencies that are freely convertible unlike the rupee. The rising volumes of rupee trade in the NDF abroad could adversely affect value of the domestic currency.

Consumer inflation for November climbed to 11.24 percent, compared to 10.1 percent in October. This has increased the probability of the RBI raising the benchmark repo rate at its policy review meet next week.

According to Chidambaram, the task before India is to reverse these “unintended consequences” and lay the ground for faster, more inclusive and sustained growth over the next five years.

According to Akash Prakash, people are starting to believe that India‘s 5 percent gross domestic product (GDP) is probably the bottom of the cycle and that growth will tick up from here.

The EGoM will discuss the roadmap for the third round of spectrum auctions including the reserve price and the quantum of spectrum to be put on sale. The telecom commission has recommended a reserve price for two sets of airwaves used by GSM players like Airtel, Vodafone and Idea Cellular.

This is not the first time the UP sugar industry has sparred with the government on the issue of cane pricing. During BSP supremo Mayawati's tenure, mill owners had moved the Allahabad High Court challenging the State Advised Price (SAP) for the 2010-11 crushing season.