Government panel for hiking FDI limits in defence, retail, telecom
Tuesday June 18, 2013
A government panel on Tuesday proposed raising foreign investment limits in sectors like defence, multi-brand retail and telecommunications, to spur investment in the country and tide over the current account deficit woes.
FDI caps in different sectors could be revisited: Chidambaram
Monday June 17, 2013
The government is keen on increasing FDI ceilings to attract more inflows, and finance the widening current account deficit.
No takers for Chidambaram's 'don't buy gold' appeal
Written by J Sam Daniel Stalin | Saturday June 15, 2013
Finance Minister P Chidambaram's appeal asking people to not buy gold seems to have very few takers. The Finance Minister had explained India does not produce gold and import of the yellow metal only increases the outflow of foreign currency.
Quick-fixes cannot solve economic problems: Chidambaram
Friday June 14, 2013
He said long term measures would bring stability and growth to the economy.
Rupee pares losses as exporters come to rescue
Thursday June 13, 2013
Finance Minister P Chidambaram's attempt to win back market confidence by pledging new reform measures and talking up the economy disappointed investors.
Government considers special Parliament session to pass food Bill
Thursday June 13, 2013
The government is considering convening a special session of Parliament to pass a $24 billion welfare scheme to give cheap food to hundreds of millions of people, if opposition parties agree to the proposal, Finance Minister P. Chidambaram said.
Food Security Bill: no ordinance for now, government wants special Parliament session
Edited by Amit Chaturvedi (With IANS inputs) | Thursday June 13, 2013
The Union Cabinet today deferred a decision on promulgating ordinance to implement the Food Security Bill. The government has said that it will try and convince Opposition to pass the Food Bill in Parliament.
Chidambaram pledge of more reforms fails to cheer markets
Thursday June 13, 2013
The finance minister on Thursday pledged new reform measures by the end of June including lifting caps on foreign direct investment and changes in locally-produced gas prices to win back investor confidence.
Rupee extends losses to 58.56, unaffected by Chidambaram's assurance
Thursday June 13, 2013
Rupee extends losses to 58.56, unaffected by Chidambarams assurance
Sensex down over 230 points, Nifty below 5700
Thursday June 13, 2013
The Sensex fell over 230 points on Thursday, while the 50-share Nifty slipped below the key 5,700 mark, falling 65 points. The rupee, too, resumed its slide against the dollar and slipped to 58.46.
Chidambaram assures markets about economy, says reforms not like an ODI match
Thursday June 13, 2013
Chidambaram assures markets about economy, says reforms not like an ODI match
Economic reforms are not like an ODI match: Chidambaram
Thursday June 13, 2013
Finance Minister P. Chidambaram today said the ratings upgrade by global ratings agency Fitch shows the steps the government has taken in the recent months are paying dividend.
Fitch upgrades India's sovereign outook to stable
Wednesday June 12, 2013
Fitch upgrades India's sovereign rating to stable
Govt may unveil measures to boost capital inflows: report
Wednesday June 12, 2013
Finance Minister P. Chidambaram held a meeting with his top economic advisers on Wednesday to discuss a sharp fall in the rupee, which hit a lifetime-low on Tuesday.
GoM meet on BSNL, MTNL revival deferred to June 12
Press Trust Of India | Tuesday June 11, 2013
The GoM has been reconstituted following the resignation of Ashwani Kumar, who was a member as the Law Minister.
