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Chidambaram attacks GST in its present form, says it will lead to inflation (Lead)

Karaikudi (Tamil Nadu), July 1 (IANS) In a scathing attack on the Goods and Services Tax (GST) in its current form, senior Congress leader and former Finance Minister P. Chidambaram on Saturday said it will put a burden on the common man and hugely affect...

Supreme Court asks CBI if it intends to examine Chidambaram

New Delhi, Oct 10  The Supreme Court asked the Central Bureau of Investigation (CBI) Friday if it proposed to examine former finance minister P. Chidambaram on the clearance given to the Aircel-Maxis deal over which charges had been filed some time ago. BJP...
The Finance Minister, P. Chidambaram holding the annual Performance Review meeting with the Chief Executive Officers

The Finance Minister, P. Chidambaram holding the annual Performance Review meeting with the Chief Executive Officers

The Union Finance Minister, P. Chidambaram holding the annual Performance Review meeting with the Chief Executive Officers (CEOs) of Public Sector Banks and Financial Institutions for the financial year ending 31st March, 2014, in New Delhi on May 13,...
Expedite launch of three-year motor policy insurance, regulator told

Expedite launch of three-year motor policy insurance, regulator told

New Delhi, May 13  Finance Minister P.Chidambaram suggested the insurance regulator expedite the move towards launching three-year motor third party insurance policy to reduce the number of uninsured vehicles on the road, said an official statement. He...
Economy stable, inflation being curbed: Chidambaram

Economy stable, inflation being curbed: Chidambaram

New Delhi, May 9 Finance Minister P. Chidambaram said the “economy has stabilised” and the government is taking steps to curb inflation. Praising the government’s efforts to stabilise the economy, Chidambaram said the government is selling...
Government to defend Vodafone’s arbitration notice: Chidambaram

Government to defend Vodafone’s arbitration notice: Chidambaram

New Delhi, May 8 Finance Minister P. Chidambaram Thursday said the government will defend the arbitration notice from Vodafone Group Plc in its $2-billion tax dispute. Telecom service provider Vodafone Wednesday said it had started international arbitration...
India to give $30 mn to Asian Development Bank Fund

India to give $30 mn to Asian Development Bank Fund

New Delhi, May 5  India has decided to be a contributor to the Asian Development Fund and will contribute $30 million in installments beginning October, Finance Minister P. Chidambaram said Sunday. “India has decided to become a contributor to...
Will economy look up post-elections? Outlook is gloomy

Will economy look up post-elections? Outlook is gloomy

Finance Minister P. Chidambaram’s confession that the government made a mistake by taking the foot off the accelerator of economic reforms might reflect not only the past but also the future. The reason is that the deceleration may continue even...
Gujarat, Madhya Pradesh stalled tax reforms: Chidambaram

Gujarat, Madhya Pradesh stalled tax reforms: Chidambaram

New Delhi, May 2  Finance Minister P. Chidambaram blamed Narendra Modi led Gujarat and Shivraj Singh Chouhan led Madhya Pradesh governments for stalling the indirect tax reform GST. “When a consensus on GST was nearly reached, it was the governments...
Chidambaram, Sinha in war of words over economic data

Chidambaram, Sinha in war of words over economic data

New Delhi, May 2  War of words escalated between Finance Minister P. Chidambaram and former finance minister and BJP leader Yashwant Sinha over economic data. While Sinha accused Chidambaram of spreading lies and fooling the country over fiscal deficit...
Chidambaram claims economy back on track under him

Chidambaram claims economy back on track under him

New Delhi, April 28  Finance Minister P. Chidambaram claimed that the economy is well on the path to recovery due to steps initiated by him during his term. Chidambaram said the fiscal deficit had been suitably contained. “Tax revenues have been...
Switzerland not agreeing to end bank secrecy: Chidambaram

Switzerland not agreeing to end bank secrecy: Chidambaram

New Delhi, April 01  Finance Minister P. Chidambaram said he had strongly taken up the issue of black money of Indians stashed abroad but Switzerland was not complying with the G20 resolution concerning end of bank secrecy. “I have done more than...
Congress announces fourth list of 50 candidates

Congress announces fourth list of 50 candidates

New Delhi, March 21  The Congress party Thursday announced its fourth list, comprising of 50 candidates, for the Lok Sabha elections. The list includes Health Minister Ghulam Nabi Azad while Finance Minister P.Chidambaram’s name does not figure...
Rising bad loans key challenge for Indian banks: Chidambaram

Rising bad loans key challenge for Indian banks: Chidambaram

New Delhi, March 6  Finance Minister P. Chidambaram said the Non-Performing Assets (NPAs) or bad loans of the public sector banks are expected to be higher this fiscal, which is a matter of big concern. Addressing a media conference after reviewing the...
The Finance Minister, P. Chidambaram holding a Quarterly Performance Review Meeting with the Chief Executive Officers

The Finance Minister, P. Chidambaram holding a Quarterly Performance Review Meeting with the Chief Executive Officers

The Union Finance Minister, P. Chidambaram holding a Quarterly Performance Review Meeting with the Chief Executive Officers (CEOs) of Public Sector Banks and Financial Institutions, in New Delhi on March 05, 2014.
FM’s Jugglery: ROB THE POOR TO FUND RICH…

FM’s Jugglery: ROB THE POOR TO FUND RICH…

FM’s Jugglery ROB THE POOR TO FUND RICH By Shivaji Sarkar The last Budget presented by Finance Minister P Chidambaram has robbed the poor to give concessions to the rich and neo-rich. Slashing taxes on automobiles, mobikes, fridges and some other goods...
Modi can’t ensure higher growth than UPA: Chidambaram

Modi can’t ensure higher growth than UPA: Chidambaram

New Delhi, Feb 24  Finance Minister P. Chidambaram defended UPA’s record on the economic front, saying it delivered India’s highest growth rate in any five-year period. Chidambaram was fielding questions from students, economists and professionals...
Interim Defence Budget: NOT MUCH TO CHEER ABOUT…

Interim Defence Budget: NOT MUCH TO CHEER ABOUT…

Interim Defence Budget NOT MUCH TO CHEER ABOUT By Col (Dr) PK Vasudeva (Retd) Finance Minister P. Chidambaram on February 17 announced a 10 per cent hike in defence expenditure to Rs 2,24,000 crore while presenting the interim budget for 2014-15 in Parliament....
Chidambaram to attend G20 finance ministers’ meet in Australia

Chidambaram to attend G20 finance ministers’ meet in Australia

New Delhi, Feb 21  Finance Minister P. Chidambaram accompanied by top officials including RBI governor Raghuram Rajan, will be on a five-day trip to Australia to attend the G20 finance ministers’ and central bank governors’ meeting. The Indian...

How realistic are Chidambaram’s fiscal projections?

One would have expected Finance Minister P. Chidambaram to go a little easy on the fiscal deficit front, given that he presented an interim budget in an election year. But far from it, he has promised to keep the fiscal deficit — the difference...