Outlays for Commonwealth Games stepped up to Rs. 3,472 croreJuly 6th, 2009 NEW DELHI - Finance Minister Pranab Mukherjee has proposed to substantially enhance the allocations for the Commonwealth Games 2010 from Rs. 2,112 crore in the interim budget to Rs.
Pranab skips two paras of budget speech, apologises (Parliament Diary)July 6th, 2009 NEW DELHI - Finance Minister Pranab Mukherjee was left red faced while presenting the budget for 2009-10 in the Lok Sabha Monday when he skipped two key paragraphs relating to the allocations for the minorities. He realised this only after a note written on a piece of yellow paper was placed on the lectern before him.
Mukherjee set to present India's budget for this fiscalJuly 6th, 2009 NEW DELHI - With a cherry-brown briefcase in hand, Finance Minister Pranab Mukherjee arrived in parliament Monday to present India's budget for this fiscal with hopes high that his proposals will help put the $1.2 trillion economy back on the high growth track. Dressed in a spotless white bandhgala suit, the 73-year-old politician will have to draw from his experience of having presented three regular budgets as finance minister between January 1982 and December 1984 to find the resources for a host of pre-election promises made by his Congress party.
Tax reforms to be expedited, says MukherjeeJuly 6th, 2009 NEW DELHI - A new direct tax code will be introduced in 45 days and bring changes in the indirect tax structures, Finance Minister Pranab Mukherjee Monday said while presenting the union budget for 2009-10 in the Lok Sabha Monday.
Reiterating his commitment to expedite tax reforms, Mukherjee also said he would aim to introduce the goods and services tax by the initial deadline of April 10, 2010.
Tax structure to be simplified: MukherjeeJuly 6th, 2009 NEW DELHI - The government will work towards simplifying the tax structure in the next four years, Finance Minister Pranab Mukherjee said while presenting the union budget for 2009-10 in the Lok Sabha Monday.
The income tax department has also been asked to introduce the simplified version of the tax filing form Saral, called Saral 2.
India's budget rises from Rs.193 crores to Rs.10 lakh croresJuly 6th, 2009 NEW DELHI - India's fiscal budget has risen from Rs.193 crores to over Rs.10 lakh crores in the 63 years since independence of the country in 1947, Finance Minister Pranab Mukherjee said while presenting the budget for 2009-10 in the Lok Sabha Monday. "Madam speaker, I am happy to announce that for the first time, the budget estimates have crossed Rs.10 lakh crores.
Pranab Mukherjee to present general budget todayJuly 6th, 2009 NEW DELHI - Union Finance Minister Pranab Mukherjee will present the first general budget at 11am today in Lok Sabha. This is the first general budget of the UPA government after coming to power for second term.
Pranab Mukherjee holds pre-budget parleys with Congress leadersJune 16th, 2009 NEW DELHI - Finance Minister Pranab Mukherjee held pre-budget discussions with leaders of Congress party ahead of the budget for full fiscal year 2009/10 (April-March) that would be presented on July 6. "As a party man I have an obligation to listen to the views of my party leaders.
Pranab Mukherjee to begin pre-budget talks from todayJune 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.
Pranab Mukherjee to begin pre-budget talks from MondayMay 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.
Government to present budget in first week of July: PranabMay 26th, 2009 NEW DELHI - Finance Minister Pranab Mukherjee on Tuesday said the government would present the budget for 2009-10 in the first week of July. "I would not like to have a second batch of vote on account.
Mukherjee hopes Budget will be presented in due timeMay 23rd, 2009 NEW DELHI - Finance Minister Pranab Mukherjee on Saturday expressed optimism that the government would be able to present the financial budget in due time. "Indian economy is resilient, strong and we shall have to build up and come back to the growth track as early as possible.
Markets plummet as Mukherjee makes interim budget speechFebruary 15th, 2009 MUMBAI - Indian equities slipped further Monday as acting finance minister Pranab Mukherjee delivered his interim budget speech. In the first part of his speech, Mukherjee signalled that the future economic situation looked grim.
Budget maintains 'constitutional propriety': CongressFebruary 15th, 2009 NEW DELHI - External Affairs Minister Pranab Mukherjee did not present a populist budget as the United Progressive Alliance (UPA) government had done a 'tremendous job' and does not need to play to the gallery, the ruling Congress maintained Monday. Mukherjee observed 'constitutional propriety' while presenting the interim budget, Congress spokesperson Manish Tewari said.
Pranab Mukherjee begins presenting interim budget for next fiscalFebruary 15th, 2009 NEW DELHI - External Affairs Minister Pranab Mukherjee began presenting the interim budget for the next fiscal amid expectations that measures will be announced to cushion the impact of global meltdown on the Indian economy, and help revive consumer demand. The exercise began with Mukherjee reading out his budget speech in the Lok Sabha, during which he will also seek an approval to finance the government's expenditure, till such time the regular budget is presented by a new government after elections, and passed by parliament.
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