Finance Minister will present the federal budget on Feb. 28
Indian Finance Minister Pranab Mukherjee will present the federal budget for the next fiscal year on Feb. 28, the minister for parliamentary affairs said Friday.
Mukherjee will table the budget papers for the year starting April 1 in the lower house of parliament, Pavan Kumar Bansal told mediapersons.
The railway budget and the annual economic survey [...]
Mamata Banerjee meets Pranab Mukherjee for budget strategy
Railway Minister and Trinamool Congress chief Mamata Banerjee called on Union Finance Minister Pranab Mukherjee at the latter’s residence late on Friday.
During the meeting, Mukherjee sought help from the Trinamool chief in the smooth conduct of business in the coming budget session of Parliament.
Addressing media jointly after meeting, Mukherjee said: “I discussed with her [...]
..India is considering allowing new private sector banks
India is considering allowing newprivate sector banks, including by industrial houses, and aroadmap for the same could be announced in the annual UnionBudget to be presented later this month.
While the formal and final guidelines would be announcedby RBI on who should be allowed to set up new banks and whatshould be the terms and [...]
FM meets RBI chief and financial sector regulators ahead of budget
Finance Minister Pranab Mukherjee discussed the economic situation with financial sector regulators, including Reserve Bank of India Governor and Sebi chief, and sought their inputs for the 2011-12 budget that will be unveiled on February 28.
This was the second meeting of the high-level Financial Stability and Development Council (FSDC) within a month. The first [...]
Govt is conscious for infrastructure development : Pranab Mukherjee
Ahead of the Budget 2011-12, Finance Minister Pranab Mukherjee on Tuesday said the government is conscious of concerns regarding infrastructure development and investment in research and development (R&D). “The government is conscious of two major concerns relating to the pace of development of infrastructure and investments in R&D,” Mukherjee said while addressing India Inc [...]
Direct Taxes Code to replace the Income Tax Act from next fiscal
Finance Minister Pranab Mukherjee today asked Income Tax (I-T) officials from across the country to maximise tax collections as he talked to them through video conferencing from the national capital.
Mukherjee addressed the Chief Commissioners of Income Tax (CCsIT) and other senior I-T officials in 48 cities from office of the Chairman of Central Board [...]
Finance Minister to Make Big Budget Change in Direct Tax Laws
Saddled with huge tax arrears of Rs 2,50,000 crore — more than half of the total tax collection projected for 2010-11 — finance minister Pranab Mukherjee is likely to introduce in the forthcoming Budget some major changes in direct tax laws that could help in swift recovery of a significant portion of the arrears.
The [...]
Pranab Mukherjee to begin pre-budget consultation with India Inc
Finance minister Pranab Mukherjee said that he would begin consultations with the industry from the first week of the next year for the budget to be presented on February 28.
“Let us wait for the D day. Let us wait for February 28,” Mukherjee said at the Business Leader Awards of private news channel CNBC [...]
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