Chennai: Exhorting traders to push exports by cashing in on attractive exchange rate, Finance Minister P Chidambaram today said imports cannot be “compressed” too much as they are the lifeline of many domestic industries.“The trade
Mumbai: Against the backdrop of Bharat Ratna nominee CNR Rao's outburst over inadequate funding for science, Finance Minister P Chidambaram today said competing demands from various departments do result in some sector getting short-changed.“If the
New Delhi: Finance Minister P. Chidambaram, on Friday, gave away the CII President's award to Tata Group Chairman Emeritus Ratan Tata for his remarkable contribution to industry and national building.While comparing the industrialist to Sachin
Mumbai: With the greenshoots of recovery visible, Finance Minister P Chidambaram today exuded confidence that the economy will pick up in the second half and record a growth of 5-5.5 per cent in 2013-14.He, however,
New Delhi: Confident of achieving 5 to 5.5 per cent growth in the current fiscal, Finance Minister P Chidambaram today said the green shoots are visible and measures taken by the government will help the
New Delhi: Asking service tax defaulters to take advantage of the amnesty scheme, Finance Minister P Chidambaram today said the government could not have come out with a better offer for them to come clean.Addressing
New Delhi: Describing the CBI as a "caged bird or the Congress Bureau of Investigation" is incorrect, Finance Minister P. Chidambaram said Tuesday, noting the investigative agency must confine itself to policing and not question
New Delhi: Prime Minister Manmohan Singh is unlikely to go to Sri Lanka to attend the CHOGM summit in view of the strong sentiments in Tamil Nadu against the visit. At a meeting of the
New Delhi: Finance Minister P Chidambaram today exuded confidence that India's current account deficit(CAD) will be contained below USD 60 billion this financial year as against an earlier estimate of USD 70 billion.“We think we
New Delhi: The Foreign Investment Promotion Board (FIPB) today gave its green signal to Singapore Airlines to start a full-service airline in partnership with Tata Sons entailing an initial foreign investment of USD 49 million.
New Delhi: Attributing rising bad loans in the banking sector mainly to large borrowers, Finance Minister P Chidambaram today said the government will monitor 30 NPA accounts of each PSU bank to recover dues and
New Delhi: Concerned over defaults by big borrowers, Finance Minister P Chidambaram today said the government is monitoring the top 30 NPA accounts in each PSU bank and asked the lenders to set up separate
Chennai: BJP prime ministerial candidate Narendra Modi today lashed out at the UPA and asked why the people of Tamil Nadu sent this man (Chidambaram) to Delhi. He was speaking to the audience after delivering
Washington: Ruling out takeover of the crisis -ridden NSEL, Finance Minister P Chidambaram has said that its parent group Financial Technologies and another related entity MCX-SX are under watch and persons responsible for the alleged
Washington: India has asked the World Bank and other Multilateral Development Banks to create special windows for ensuring finance for infrastructure development which should include provision to help projects that face a sudden scarcity of
Bangalore: Asserting that the government has the capacity to overcome “this period of stress”, Union Finance Minister Chidambaram today said the current account deficit will be contained below USD 70 billion this fiscal.“Last year I
Mumbai: The rupee appreciated by a further 73 paise to close at an almost seven-week high of 61.73 against the dollar today as the US currency weakened globally following the budget impasse in Washington and
Srinagar: As the fiscal deficit numbers reached three-fourths of the budget estimate in the first five months of the fiscal, Finance Minister P Chidambaram has said the government is planning to trim non-plan expenditure to
Srinagar: Seeking to promote financial inclusion, Finance Minister P Chidambaram today called upon banks to focus on poor customers who are more trustworthy and “bankable” as compared to large borrowers.“The poor of India are bankable,
Hyderabad: Finance Minister P. Chidambaram Monday inaugurated insurance sector regulator IRDA's insurance repositories and called for making digitisation of all policies mandatory.Chidambaram launched the insurance repository system, which will help policy holders keep insurance policies
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