P. Chidambaram

Clarifications Regarding the Service Tax Voluntary Compliance Encouragement Scheme (VCES)

The Union Finance Minister Shri P. Chidambaram recently held interactive sessions at Chennai, Delhi and Mumbai to ascertain and address the concerns of trade on any aspect of the Service Tax Voluntary Compliance Encouragement Scheme (VCES). During these interactive sessions, the trade had raised certain queries and also expressed some apprehensions. Most of these issues have already been clarified in the… Read More

Tags: ChennaiDelhiFinance ActIncome statementMumbaiP. ChidambaramTown and Country Planning Act 1990VCES

Government Decides in Principle to Enhance the Amount of Capital to be Infused into Public Sector Banks

Government Decides in Principle to Enhance the Amount of Capital to be Infused into Public Sector Banks; Additional Amount of Capital to be Provided to Enable Banks to Lend to Borrowers in Selected Sectors at Lower Rates to Stimulate Demand; Expected to Give a Boost to Capacity Addition, Employment and Production The Central Government has decided in… Read More

Tags: BankDurable goodGovernmentP. ChidambaramPublic sectorRaghuram RajanReserve Bank of IndiaRun batted in

Seventh Central Pay Commission Recommendations likely to be implemented w.e.f.1st January, 2016

The Finance Minister Shri P.Chidambaram in a statement said here today that the Prime Minister has approved the constitution of the Seventh Central Pay Commission. The fourth, fifth and sixth Central Pay Commissions™ recommendations were implemented as follows: 4th CPC:  1.1.1986 5th CPC : 1.1.1996 6th CPC : 1.1.2006  The average time taken by a Pay Commission to submit its… Read More

Tags: ChairmanGovernmentHistoryManmohan SinghP. ChidambaramPay CommissionPrime MinisterTerms of reference

Voluntary Compliance Encouragement Scheme for Service Tax Defaulters

The Service Tax Voluntary Compliance Encouragement Scheme (VCES) has been brought into effect from 10.05.2013 to encourage voluntary compliance and broaden the service tax base by waiver of interest, penalty and any other consequences to a stop filer, non-filer or non-registrant or any other service provider who is eligible to make declaration under the Scheme… Read More

Tags: 30th June 201431st December 2013AccountingLok SabhaP. ChidambaramTaxTaxation in IndiaVCES

FM Speak :: No Cause for Panic due to Currency Market Volatility; No Intention to Introduce Capital Controls

The Union Finance Minister Shri P. Chidambaram said that revival and encouragement of growth will continue to be the focus of the Government. Shri Chidambaram said that stronger growth will, in course of time, alleviate many of the challenges that we face. He said that there is no cause for the panic that seems to… Read More

Tags: BaselComputer-aided designEconomy of IndiaForeign exchange marketGovernmentIndiaP. Chidambaram

Shri P. Chidambaram Unveils National Skill Certification and Monetary Reward Scheme

Union Finance Minister Shri P Chidambaram unveiled the National Skill Certification and Monetary Reward Scheme that will be implemented on pan-India basis, in New Delhi today. This is a first of its kind scheme to be launched in the country. The scheme was first proposed by the Finance Minister in the last Union Budget to… Read More

Tags: Government of IndiaIndiaNational Occupational StandardsNational Skilling MissionNew DelhiNSDCP. ChidambaramScheme

Statement by Shri P Chidambaram, Union Finance Minister in Parliament

Following is the Text of the Statement made by the Union Finance Minister Shri P. Chidambaram in Parliament today: Last year, at this time, the foremost challenge to the Indian economy was the growing fiscal deficit.  Hence, on August 6, 2012 I made a statement on the path of fiscal consolidation that we intended to take.  Following… Read More

Tags: CADComputer-aided designEconomy of IndiaGross domestic productIndiaP. ChidambaramReserve Bank of India

FM Speak – On 1 year at the Helm of Country’s Finance Affairs

Following is the text of the Statement made by the Union Finance Minister Shri P.Chidambaram while addressing a Press Conference here today: I complete one year as the Finance Minister today.  I look back to the First Statement made by me on August 6, 2012 and how we overcame, in good measure, the challenges outlined by me in that… Read More

Tags: BusinessEconomic growthFinancial servicesIndiaMayP. ChidambaramRun batted inTertiary sector of the economy

Deliberation on steps for revenue mobilisation & tax administration reforms

Union Finance Minister, Shri P. Chidambaram to inaugurate conference of Chief Commissioners/Directors General of Indirect Taxes ; To deliberate on steps for revenue mobilisation & tax administration reforms. The All India Annual Conference of Chief Commissioners and Directors General of Customs, Central Excise and Service Tax will be held at Vigyan Bhawan, New Delhi on 17th&18th… Read More

Tags: CBECCentral Board of Excise & CustomsConferenceFinance MinistryGovernment of IndiaIndirect taxJesudasu SeelamNew DelhiP. ChidambaramTaxation in India

FM in US :: Focus on Current Business and Investment Environment in India

Finance Minister P. Chidambaram Meets top American Executives and USA Senator Max Baucus, Chairman of the Senate Finance Committee During His Ongoing US Visit; Discussions Focused on the Current Business and Investment Environment in India; Fm Emphasized the Need for U.S Companies to Set-Up Local Manufacturing Bases in India The Union Finance Minister Shri P.… Read More

Tags: Fred HochbergGovernment of IndiaIndiaInternational Lease Finance CorporationMax BaucusP. ChidambaramUnited StatesUnited States Senate Committee on Finance

FM to deliver Key Note Address at US-India Business Council 38th Leadership Summit

Finance Minister to Leave for Four Day Official Tour to USA Tomorrow; to deliver Key Note Address at US-India Business Council 38th Leadership Summit; to meet US Business Leaders During his Visit  The Union Finance Minister Shri P.Chidambaram will be leaving on a four day visit from 9th to 12th July, 2013 to United States… Read More

Tags: Finance MinisterGovernmentIndiaJacob LewMax BaucusP. ChidambaramUnited StatesUnited States Secretary of the Treasury

FM Speak :: Skill Development Needed to Fill the Significant Gap

Skill Development Needed to Fill the Significant Gap between the Actual Skills of Large Number of Candidates Passing Out from Various Schools, Colleges and Professional Institutions Across the Country and the Skills Needed in the Industry; Business and Corporate Houses Must Work Closely with NSDC to Achieve Theambitious Target of Providing Skills to 500 Million… Read More

Tags: BusinessFinance MinisterGovernmentGovernment of IndiaIndiaLeipzigNSDCP. Chidambaram

FM Launches Maiden infrastructure Debt Fund Scheme

Finance Minister Launches Maiden infrastructure Debt fund (IDF) Scheme of IIFCL Mutual Fund for Catalysing Investment in Infrastructure Sector; FM for Mobilsation of Resources From Insurance and Pension Sector for IDFs The Union Finance Minister Shri P. Chidambaram said that for Infrastructure Debt Funds (IDFs), we should try to mobilise resources from insurance and pension… Read More

Tags: Andhra PradeshCanara BankCorporation BankIndiaIsrael Defense ForcesMutual fundOriental Bank of CommerceP. Chidambaram

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