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P. Chidambaram
Palaniappan Chidambaram (born 16 September 1945) is a senior Indian politician, lawyer, and former Union Minister who has held key portfolios including Finance, Home Affairs, and Commerce and Industry
...Read more- Chidambaram to leave for four-day US tour today
Finance minister P Chidambaram will leave for a four-day visit to the United States on Monday to woo investments for India. He will be meeting the US Treasury Secretary and other industrialists there.
- Liquidity no problem; FinMin guidance does not apply: SBI
In light of gross NPAs of PSU banks having risen from Rs 71,080 crore to Rs 1.55 lakh crore as on December 2012, Chidambaram further said he has asked banks to review their lending rates. In response , SBI chairman Pratip Chaudhri said that Chidamabaram's guidance to cut base rate did not apply to the bank.
- See upside on price hike; no message on subsidy yet: ONGC
There may be some upside to the company's margins with the gas price hike implementation, said Aloke Kumar Banerjee of ONGC. He added that the impact would also be felt on the overall investment scenario in the oil and gas sector.
- Input-output gap in gas price a worry; buy ONGC: IIFL
Prayesh Jain of IIFL believes upstream companies that are now allowed to sell gas at USD 8.4/mmbtu may not be able to transfer the burden on to power and fertiliser firms. A decision on price at which gas will be supplied to power and fertiliser firms is yet to be notified.
- India to lift FDI cap in few sectors by July third week: FM
Finance ministry panel has already submitted a report on revising FDI caps in different sectors, and the Department of Industrial Policy and Promotion is in talks with stakeholders.
- LIC gears upto achieve growth target after FM report card
CNBC-TV18‘s Manasvi Ghelani, reports, quoting sources that LIC has started to prepare to achieve growth target finance minister, P Chidambaram visited LIC and expressed dissatisfaction with the PSU‘s performance in May.
- CCEA approves fully exit norm for developers of NHAI
CCEA today approved a mechanism through which cash starved concessionaries will be given an option to fully exit the projects and make way for substitute developers. Reports CNBC-TV18 Rituparna Bhuyan.
- Government doesn't inspire reforms confidence: Sardesai
The government‘s track record does not inspire any confidence. There was nothing in that cabinet reshuffle yesterday, which inspired confidence that this government means business, says Rajdeep Sardesai, editor-in-chief, CNN-IBN
- Expect more reforms in Jun-July: Chidambaram
Chidambaram says the measures taken by the government since August have been successful in bringing down inflation and the fiscal deficit. He added that more reform measures will come up by the end of June-July to boost investment and growth.
- India story intact; ordinance on Food Bill dampener: UBS
the fact that Finance Minister on Thursday reiterated that the reform process is not completely over because of pre-election environment is a key for India's bottom-up story, said said Gautam Chhaochharia of UBS India.
- Fiscal policy is now dissociated from electoral cycles: RBS
Sanjay Mathur, Head of Economics Research, Asia Pacific ex-Japan, RBS believes that fiscal policy has now dissociated from electoral cycles, and the government could achieve its fiscal target despite elections and Food Bill looming on head.
- Please don't buy gold for one year: Chidambaram
Quoting statistics, Finance Minister P Chidambaram said the daily gold imports came down from USD 135 million in April –May to USD 35 million in last 14 days. He, however, added that people should buy lesser gold
- P. Chidambaram: Will leave no stone unturned to achieve revenue targets
Speaking at press address, Chidambaram says the government will leave no stone unturned to achieve its revenue target. "We are doing everything we can to revive investment sentiment," he told reporters.
- Chidambaram urges banks to cut rate, discourage gold buying
Finance Minister P Chidambaram expressed his displeasure on banks not cutting rates despite sharp reduction in policy rates. He wants them not only reduce rates but also to discourage gold investments.
- Motown miffed over SUV tax; Mahindra writes to government
While the industry has grudgingly accepted the Government's fiat, the finance ministry's objective of garnering more revenues could fail.
- Rupee weakness worrying: P Chidambaram
Finance Minister P Chidambaram says there will not be a major impact on India if there is a reversal in quantitative easing. However, he is worried about the weakness in the rupee.
- FM gains consensus on definition of control in FDI policy
The finance and commerce Minister have sorted their differences on the conflicting definition of foreign direct investment (FDI) in the regulation and the proposed Companies Bill and Sebi regulations.
- Don't see FY14 oil subsidy bill exceeding Rs 80,000 cr: FM
Export parity price will help government to cut oil subsidy burden and thus meet its 4.8 percent fiscal deficit target in FY14, says Finance Minister.
- Chidu, PMO & Moily to decide export parity pricing on Tue
CNBC-TV18‘s Nayantara Rai reports, quoting sources, that finance minister P Chidambaram, petroleum minister Veerappa Moily and the PMO will meet on Tuesday to decide on the export parity pricing of petroleum products
- Steps to curb gold imports if needed: P Chidambaram
Gold imports will be curtailed if needed, says finance minister P Chidambaram, as it would affect the trade and current account deficits. Addressing a gathering at the annual day of Competition Commission of India (CCI), he spoke about the evolution of the Indian over the last 22 years.
