Budget helps Indian economy to return to path of growth says Chidambaram

July 6th, 2009 NEW DELHI - Finance Minister Pranab Mukherjee Monday said recovery of Indian economy in the current fiscal would be difficult unless there were visible improvements in the global economic scenario. Speaking to a television channel after presenting the union budget for 2009-10, Mukherjee said the economy would likely recover in the third quarter of 2009-10, but if the western economies did not improve, we will take a longer period.

June 11th, 2009 NEW DELHI - Union Finance Minister Pranab Mukherjee today appealed to find ways to bring the economy on the higher growth path without increasing fiscal deficit. Addressing a conference of state finance ministers as part of a pre-budget here, Mukherjee said the Central Government would focus on infrastructure, agriculture and employment generating sectors to promote growth and protect jobs.

June 1st, 2009 NEW DELHI - Finance Minister Pranab Mukherjee will begin pre-budget consultations with different groups from today. Mukherjee will hold consultations with trade and industry bodies like the FICCI, the CII, the ASSOCHAM and the FIEO, economists, agriculturists, bankers and corporate honchos ahead of the presentation of the budget for 2009-10 in the first week of July.

May 31st, 2009 NEW DELHI - Finance Minister Pranab Mukherjee will begin pre-budget consultations with different groups from Monday. Mukherjee will hold consultations with trade and industry bodies like the FICCI, the CII, the ASSOCHAM and the FIEO, economists, agriculturists, bankers and corporate honchos ahead of the presentation of the budget for 2009-10 in the first week of July.

May 27th, 2009 NEW DELHI - Finance Minister Pranab Mukherjee on Wednesday said the government will push for economic reform and is required to present the Union Budget within 45 days of coming to power. Addressing his first press conference after assuming charge of the Finance Ministry, Mukherjee said, "We will adhere to this schedule and propose to present the Budget in the first week of July.

April 21st, 2009 NEW DELHI - Prime Minister Manmohan Singh has called for inclusive growth, which will ensure that the process of social and economic change would reach out to the marginalized sections of the population. With an aim to reach out to millions of marginalised farmers left out of India's booming economy, Dr.

April 15th, 2009 MUMBAI - Home Minister P Chidambaram on Wednesday criticised the Bharatiya Janata Party (BJP) for not including any measures to boost the public sector and private sector in its election manifesto. Addressing a press conference here, Chidambaram said the manifesto had failed to incorporate efficient steps to build up the economy at the time of global recession.

March 19th, 2009 NEW DELHI - India's economy will grow by at least 5 percent in 2009-10, a Planning Commission member said here Wednesday. 'We should see at least a 5 percent growth in GDP (gross domestic product) in 2009-10.

March 7th, 2009 MUMBAI - The fiscal deficit will stimulate growth of the Indian Economy, chief economic advisor Arvind Virmani said here Friday. 'GDP growth rate for India can be reasonably forecast after the publishing of figures for agricultural output.

March 6th, 2009 HYDERABAD - Home Minister P. Chidambaram said here Friday that no cricketer should worry about security while playing in India as the sport is 'completely safe' in the country.

February 25th, 2009 NEW DELHI - India's economic downturn is 'temporary' and the upturn will begin from October as the country's economy and business are resilient enough to adapt to the changing times of global meltdown, said Home Minister P.Chidamabaram Tuesday. 'India stood out as a shining example of resilient economy and we owe this to the resilience of the Indian businesses and Indian economy, which quickly adjusted to the changing times.

February 15th, 2009 NEW DELHI - Home Minister P. Chidambaram Monday praised the interim budget tabled in parliament, saying Minister for External Affairs Pranab Mukherjee had done a commendable job given the difficult times facing the Indian economy.

February 15th, 2009 NEW DELHI - Prime Minister Manmohan Singh Monday hailed the interim budget as a 'fine balancing act', and said it will stimulate growth for the country in these difficult times. 'I have no doubt that the continued stimulus for the various flagship programmes of the government will provide relief to all sections - specially the 'aam aadmi' (common man),' the prime minister said in a statement.

January 28th, 2009 NEW DELHI - The Indian economy will grow at 7 percent in the current fiscal, External Affairs and stand-in Finance Minister Pranab Mukherjee said here Thursday. 'Indian economy will bounce back as the fundamentals of the economy are strong,' Mukherjee told reporters after meeting officials of the finance ministry.

January 23rd, 2009 CHENNAI - The central government and the Reserve Bank of India (RBI) will jointly work to chart out more stimulus packages for industry, Home Minister P. Chidambaram said here Saturday.