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Shweta Punj
February 25, 2014
Finance Minister P. Chidambaram's swan song will haunt his successor. As he highlighted his achievements in controlling the fiscal and current-account deficits during the vote-on-account, he also outlined a rather optimistic vision for 2014/15.


PTI
New Delhi, February 18, 2014
Rejecting description of his interim Budget as populist, Finance minister P  Chidambaram said over the last couple of years, the government was trying to do a \"rescue act\" like every other government in the world was doing.


Associated Press
Mumbai, February 18, 2014
Finance Minister P Chidambaram unveiled on Monday a restrained mini budget for the government's remaining months in office, saying the budget deficit has narrowed and pledging to keep public spending steady. WATCH: FM's full Interim Budget speech


Arvind Padmanabhan & Gyanendra Kumar Keshri
New Delhi, February 17, 2014
The finance minister could not change the tax regime vastly, as it required legislative approvals and is generally left for the next government in an election year. WATCH: Chidambaram presents Interim Budget for 2014-15. The direct tax rates were left unaltered. But that did not stop him from indulging in some self-acclamation for meeting key targets while highlighting achievements of his government.


Ajay Modi
February 17, 2014
In his Interim Budget speech, the finance minister announced a cut in excise duty on small cars and two-wheelers from 12 to 8 per cent, and on SUVs from 30 to 24 per cent. Excise duty on consumer durables has been reduced to 10 per cent from 12 per cent.


www.businesstoday.in
February 17, 2014
Industry leaders and experts reacted to the excise duty cut and fiscal deficit estimates among other announcements made by the finance minister.


PTI
New Delhi, February 17, 2014
Of the net cash outgo, as much as Rs 10,041.72 crore will be towards petroleum subsidies to oil marketing companies for under-recoveries on account of selling petroleum products below cost, and project management expenditure.


Satyajit Das
January 2, 2014
Satyajit Das, author of Extreme Money: The Masters of the Universe and the Cult of Risk, says India's poor public finances, weak international position, structurally flawed businesses, poor infrastructure, corruption and political atrophy threaten to overwhelm its future prospects.


Yashwant Sinha
December 17, 2013
Former finance minister and a senior leader of the BJP India Yashwant Sinha says in the WTO negotiations, the major beneficiaries are the US, European Union, Japan and China. India had to give more than it gained in the trade deal clinched at WTO's Bali meet.


Reuters
New Delhi, December 6, 2013
A recovery in the rupee is giving Finance Minister P. Chidambaram rare relief in his battle against a threatened credit rating downgrade to junk status by reducing pressure on the government's subsidy bill.


PTI
London, November 19, 2013
India's economic activity is expected to recover gradually as \"rupee depreciation supports exports, infrastructure projects cleared by the Cabinet Committee on Investment come on stream and political uncertainty declines after the general election due in the spring 2014\", said OECD.


PTI
Mumbai, November 8, 2013
Standard Chartered Bank warned of a 0.2 per cent slippage in fiscal deficit at 5 per cent of India's GDP due to slower revenue growth.


Chaitanya Kalbag
November 6, 2013
Without second-generation reforms and a drastic overhaul of its institutions, India is condemned to mediocre income and growth, says Business Today Editor Chaitanya Kalbag.


Mail Today Bureau
New Delhi, October 19, 2013
Union finance minister P. Chidambaram had told chiefs of blue-chip public sector undertakings that the dividend they will pay to the government this fiscal should in no case be less than last year's although profits of several companies have been impacted by the slowdown.


Reuters
New Delhi, October 8, 2013
The government will have to rein in spending and cut subsidies to meet its fiscal deficit target, Finance Minister P Chidambaram said, underlining that an austerity drive will not be blown off course by an election due next year.


PTI
New Delhi, September 30, 2013
Fiscal deficit is the difference between government receipts and spending. It touched Rs 4.04 lakh crore in April-August.


Anilesh S Mahajan
August 29, 2013
Given the quagmire the Indian economy is in, US military action against Syria will make things a lot worse. It is bound to lead to a spike in international oil prices.


BT Online Bureau
New Delhi, August 27, 2013
While assuring investors that the rupee will stabilise, Finance Minister P Chidambaram also said the fiscal deficit would be contained at 4.8 per cent of the GDP even after doling out subsidies for the implementation of the Food Security Bill.


PTI
New Delhi, August 26, 2013
Planning Commission Deputy Chairman Montek Singh Ahluwalia said the government has not drawn any red line on the rupee, which he felt has over depreciated.


Anand Adhikari and Shweta Punj
August 30, 2013
The economy is unlikely to shake off its sluggishness in the medium term - until 2015/16 or even later. The impact of the depreciating rupee will blow a hole in India's finances.


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