P Chidambaram About Economy

The comments from the top politician comes at a time when petrol and diesel prices in the country have been on rising spree in India, driven by a surge in global crude oil rates

Senior Congress leader P Chidambaram today said Prime Minister Narendra Modi and his ministers should speak facts about the economy in the Delhi polls as people want to hear that rather than "abuse and rhetoric".

Former Union Minister P Chidambaram may be in Tihar Jail but that hasn't stopped him from being active on Twitter, with the veteran Congress leader following up his Monday tweet with another that said he is "deeply concerned about the economy"

Former Union Minister P Chidambaram, before leaving for Tihar jail, had a parting shot for the government. "I'm only worried about the economy," said the former finance minister, in a reprise of his dig at the government earlier this week with the "5 per cent" remark.

Former finance minister P Chidambaram on Thursday said there are no sector-wise growth projections in the pre-Budget Economic Survey tabled in parliament and the government itself appears to be pessimistic about the economy.

Slamming the government for citing a never-used clause of the RBI Act, former Union finance minister P Chidambaram today alleged that the BJP government is "hiding facts" about the economy and is "desperate".

Former Finance Minister P. Chidambaram expressed concern on Wednesday on reports that the government had invoked a hitherto unused section of the RBI Act to direct the central bank to act at its bidding, saying it shows that the government is "desperate" and "hiding facts" about the economy.

P Chidambaram is in agreement to Yashwant Sinha about what he said on the economy. Writing in the Indian Express today, Yashwant Sinha, the country's former finance minister, indicted Arun Jaitley for making a "mess" of the economy, which, he says, owes it ruin partly to the hurried introduction of the national sales tax, the GST, and Prime Ministe...

Switzerland on Thursday said it would soon respond to Finance Minister P Chidambaram's letter that has raised concerns about the alpine nation not providing information on alleged unaccounted money stashed by Indians in Swiss banks.

The government is likely to miss gross tax revenue target by about Rs 77,000 crore in the current fiscal year (2013-14) due to economic slowdown.

Surging currency reserves and the fall in the current account deficit have reassured investors about India's vulnerability to a Fed "taper", analysts said, after fears about it sent the rupee to a record low in late August.

Committed to contain fiscal deficit within the redline drawn by Finance Minister P Chidambaram, the government may trim planned expenditure by over Rs 80,000 crore or about 15 per cent of the budgeted amount in the current fiscal, according to a top government official.

The deficit in August was about 75 percent of the full-year target. However, a 67 percent jump in net tax receipts from the previous month helped rein in the deficit in September.

Finance Minister P Chidambaram insisted today that the government can afford its vast new food security programme despite the concern about its impact on the strained public finances.

Mr Chidambaram said growth in the Indian economy is expected to pick up by end of fiscal year 2013-14 in an attempt to address excessive pessimism about India's growth, which rose at the slowest pace in a decade in the previous fiscal.

The comments from the top politician comes at a time when petrol and diesel prices in the country have been on rising spree in India, driven by a surge in global crude oil rates

Senior Congress leader P Chidambaram today said Prime Minister Narendra Modi and his ministers should speak facts about the economy in the Delhi polls as people want to hear that rather than "abuse and rhetoric".

Former Union Minister P Chidambaram may be in Tihar Jail but that hasn't stopped him from being active on Twitter, with the veteran Congress leader following up his Monday tweet with another that said he is "deeply concerned about the economy"

Former Union Minister P Chidambaram, before leaving for Tihar jail, had a parting shot for the government. "I'm only worried about the economy," said the former finance minister, in a reprise of his dig at the government earlier this week with the "5 per cent" remark.

Former finance minister P Chidambaram on Thursday said there are no sector-wise growth projections in the pre-Budget Economic Survey tabled in parliament and the government itself appears to be pessimistic about the economy.

Slamming the government for citing a never-used clause of the RBI Act, former Union finance minister P Chidambaram today alleged that the BJP government is "hiding facts" about the economy and is "desperate".

Former Finance Minister P. Chidambaram expressed concern on Wednesday on reports that the government had invoked a hitherto unused section of the RBI Act to direct the central bank to act at its bidding, saying it shows that the government is "desperate" and "hiding facts" about the economy.

P Chidambaram is in agreement to Yashwant Sinha about what he said on the economy. Writing in the Indian Express today, Yashwant Sinha, the country's former finance minister, indicted Arun Jaitley for making a "mess" of the economy, which, he says, owes it ruin partly to the hurried introduction of the national sales tax, the GST, and Prime Ministe...

Switzerland on Thursday said it would soon respond to Finance Minister P Chidambaram's letter that has raised concerns about the alpine nation not providing information on alleged unaccounted money stashed by Indians in Swiss banks.

The government is likely to miss gross tax revenue target by about Rs 77,000 crore in the current fiscal year (2013-14) due to economic slowdown.

Surging currency reserves and the fall in the current account deficit have reassured investors about India's vulnerability to a Fed "taper", analysts said, after fears about it sent the rupee to a record low in late August.

Committed to contain fiscal deficit within the redline drawn by Finance Minister P Chidambaram, the government may trim planned expenditure by over Rs 80,000 crore or about 15 per cent of the budgeted amount in the current fiscal, according to a top government official.

The deficit in August was about 75 percent of the full-year target. However, a 67 percent jump in net tax receipts from the previous month helped rein in the deficit in September.

Finance Minister P Chidambaram insisted today that the government can afford its vast new food security programme despite the concern about its impact on the strained public finances.

Mr Chidambaram said growth in the Indian economy is expected to pick up by end of fiscal year 2013-14 in an attempt to address excessive pessimism about India's growth, which rose at the slowest pace in a decade in the previous fiscal.