Business : Pitching for telecom PSUs BSNL and MTNL, Telecom Minister A Raja has approached Finance Minister Pranab Mukherjee seeking reimbursement of the Rs 29,598.33 crore paid by them for spectrum.
“BSNL is the only service provider giving connectivity to the far-flung rural areas. The service rendered by BSNL in the rural areas of the country [...]
New Delhi : Union Finance Minister Pranab Mukherjee has called upon banks to adopt innovative and modern technologies to expand the services in rural areas.
Launching the Self Help Group Credit Linkage Programme in Puducherry yesterday, he said the Women Self Help groups have an important role to play in the financial inclusion by taking banking [...]
New Delhi : Union Finance Minister Pranab Mukherjee will pay a day-long visit to Puducherry today.
He will distribute financial assistance to the tune of three crore rupees to members of various self help groups.
Mukherjee will also inaugurate the memorial arch constructed to mark the centenary of freedom fighters at Maducarai village.
Union Ministers GK Vasan and [...]
Finance Minister Pranab Mukherjee said that the hike in prices of petroleum products will have some inflationary impact in the short-term but price pressures will moderate from the middle of July.
Talking to reporters in Mumbai after a meeting with bankers and Chief Ministers of western and central states, he said his economic adviser has told [...]
Union Finance Minister Pranab Mukherjee is now meeting with Chief Ministers of Western and Central region and PSU bank chiefs in Mumbai.
The meeting assumes importance as it will discuss a wide range of economic issues concerning the country and the states. It will also discuss the progress of Centrally-sponsored schemes, state-wise flow of credit to [...]
India will set up a committee under Planning Commission Deputy Chairman Montek Singh Ahluwalia to identify areas for expanding Indo-US economic ties. Finance Minister Pranab Mukherjee said.
The committee will coordinate with various ministries and prepare a roadmap before US President Barack Obama’s India visit in November.
Mr. Mukherjee said in Washington that US wants India to [...]
India will grow at a rate of more than 8.5 per cent during the current financial year, 2010-2011. This was stated by Finance Minister Pranab Mukherjee at a gathering of senior executives from financial services firms in Washington.
Mr Mukherjee said that despite continuing global economic crisis, the flow of foreign direct investment has not been [...]
Finance Minister Pranab Mukherjee has said that China’s decision to make its currency the Yuan, more flexible will help the world economy.
Speaking in Washington at an interactive session with Indian and American CEOs, Mr. Mukherjee hoped that China would address the problem in its proper perspective and Beijing’s recent announcement meant that they would adopt [...]
Finance Minister Pranab Mukherjee has said that rising food prices would ease after July, and that he was not in favour of altering monetary policy.
The Reserve Bank of India (RBI) expects inflation to soften around mid-2010 on a normal monsoon and moderation in food prices and has forecast the March 2011 Wholesale Price Index (WPI) [...]
Union Finance Minister Pranab Mukherjee will inaugurate the annual conference of the Chief Commissioners & Directors General of Customs, Central Excise and Service Tax, in the national capital on Tuesday.
“The two-day conference shall see five breakaway groups of Chief Commissioners and Directors General deliberating intensively on five major areas of governance in the realm of [...]