P. Chidambaram

FM Speak – India Continues to Remain a Desired Destination for FDI and FII

Increased Domestic Production of Oil, Coal & Restraining Gold Consumption can Contain CAD; India Continues to Remain a Desired Destination for FDI and FII P. Chidambaram The only way to contain Current Account Deficit (CAD) is to increase the domestic production of oil & coal and restraining the consumption of gold, says the Union Finance Minister… Read More

Tags: chartered accountantCoalComputer-aided designEconomic growthforeign direct investmentIndiaP. Chidambaram

Provisional Accounts of the Union Government for the Year 2012-2013 Released

Fiscal Deficit is 4.9 Percent, Revenue Deficit 3.6 Percent and Effective Revenue Deficit 2.5 Percent of GDP during the Period  Office of the Controller General of Accounts (CGA) has compiled the accounts of the Union Government for the year 2012-2013 and brought out its results on provisional basis. The fiscal indicators for the year 2012-13 as percentage… Read More

Tags: CGAColor Graphics AdapterGDPGovernment budget deficitGross domestic productIndiaNew DelhiP. Chidambaram

Prime Minister™s Speech at SEBI™s Silver Jubilee Celebration

Following is the text of the Prime Minister, Dr. Manmohan Singh™s speech at the SEBI™s Silver Jubilee Celebration in Mumbai today: "I am truly delighted to participate in SEBI™s Silver Jubilee celebrations. I share a very special bond with SEBI because I was the Finance Minister of India when it became a statutory body. I… Read More

Tags: financeFinance MinisterIndiaManmohan SinghMutual fundP. ChidambaramSEBISecurities & Exchange Board of India

FM Speak :: Inflation Showing Downward Trend While Foreign Inflows Are Copious

Issue of Quantitative Easing in USA, China and Japan has no Relevance at all To the Situation in India; Inflation Showing Downward Trend While Foreign Inflows Are Copious; No Need for any kind of Nervousness; Oil Subsidy Bill for this year not to Exceed Rs.80,000 Crore: FM  The Union Finance Minister Shri P.Chidambaram said that… Read More

Tags: Ben BernankeChinaFinance MinisterIndiaJapanP. ChidambaramQuantitative easingUnited States

FM Speak :: Speech at the ICSI Seminar on Indian Financial Code

The Union Finance Minister P. Chidambaram has said that multiplicity of Institutions and multiplicity of Regulators which have come up from time to time to meet newly perceived requirements, has  potentially created regulatory overlaps, gaps and ambiguity on account of lack of role clarity.  This creates inefficiencies in addressing critical emerging issues in a increasingly dynamic, complex and interconnected financial world.… Read More

Tags: DelhiFinancial Sector Legislative Reforms CommissionIndiaInstitute of Company Secretaries of IndiaNew DelhiP. ChidambaramRegulationRegulators

ICSI Conducts National Seminar on ˜Indian Financial Code™

Union Finance Minister, Shri P. Chidambaram, here today inaugurated a National Seminar on the Indian Financial Code as recommended by the Financial Sector Legislative Reforms Commission. The Seminar was organized by the Institute of Company Secretaries of India (ICSI) which functions under the aegis of the Ministry of Corporate Affairs. Addressing the august gathering, Shri… Read More

Tags: Chitra RamakrishnaCorporate Affairs MinistryFinancial Sector Legislative Reforms CommissionFinancial servicesIndiaInstitute of Company Secretaries of IndiaP. ChidambaramSeminar

FM Speak :: Text of The Inaugural Address on The Annual Day of CCI

Following is the Text of the Inaugural Address delivered here today by the Union Finance Minister Shri P.Chidambaram on the Annual Day of the Competition Commission of India:  My distinguished colleague, the Minister of State for Corporate Affairs, Shri Sachin Pilot, Shri Ashok Chawla, Chairman, Competition Commission of India, Members of the Competition Commission, distinguished guests,… Read More

Tags: BusinessCompetition ActCompetition Act 2002Competition CommissionCompetition Commission of IndiaGovernment-owned corporationIndiaP. Chidambaram

Government urges tax Payers to Disclose True income and pay Appropriate taxes within Current Financial Year

A Compliance Management Cell has been set-up to Ensure Follow-up Action and Track Return Filing and Tax Payment of the Target Segment; 70,000 Letters are being sent in 2 Batches to High Priority Cases in this Month. The Union Finance Minister Shri P. Chidambaram has repeatedly emphasized that there is need for a nonintrusive tax… Read More

Tags: AccountingGovernment of IndiaIncome taxIncome Tax DepartmentP. ChidambaramTaxtax returns (India)

FM Speak :: Competition Commission to play an important role as regulator of Competition and as a participant in the competitive process

Union Finance Minister Shri P.Chidambaram has stressed on the key role of Competition Commission of India (CCI) in defining the role of the government as a regulator of competition and as a participant in the competitive process. Delivering the Annual day Lecture of Competition Commission of India (CCI) in the Capital on 20th May, 2013,… Read More

Tags: cciCompetition ActCompetition CommissionCompetition Commission of IndiaGovernmentIndiaP. ChidambaramSachin Pilot

Government Constitutes a Committee for Evolving a Composite Development Index of States

Pursuant to the Budget announcement, it has been decided to constitute an Expert Committee under the Chairmanship of Dr Raghuram G. Rajan, Chief Economic Adviser, Ministry of Finance to consider backwardness of the States in terms of measures like distance of the State from the national average under criteria such as per capita income and other human development… Read More

Tags: ChairmanChief Economic AdviserCommitteeComposite Development Index of StatesP. ChidambaramRaghuram RajanStates

FM Speak | India – next wave of Inclusive growth

Following is the Speech of the Union Finance Minister Shri P. Chidambaram at India Day: India - Next Wave of Inclusive Growth today at ADB Meeting at IEML, Greater Noida today: President, ADB, President, FICCI, delegates to the ADB Annual meeting and friends, I am happy to be here today, when there is renewed optimism in India™s… Read More

Tags: ADBEconomic growthEconomy of IndiaFICCIGDPGross domestic productIndiaP. Chidambaram

Finance Minister Launches Medi Claim Facility for Farmers

Finance Minister Launches Medi Claim Facility for Farmers; Calls for Greater Penetration by the Non Life Insurance Sector and Higher Insurance Density The Union Finance Minister Shri P.Chidambaram said that there is a need to take immediate action by the non life insurance sector to increase penetration and coverage of the non life insurance in… Read More

Tags: Dena BankFinance MinisterIndiaInsuranceKisan Credit CardP. ChidambaramUnited India Insurance Company LimitedUnited States

FM Speak :: CDTAC Must Encourage Cooperation between IT Dept and Tax Payers

Central Direct Tax Advisory Committee (CDTAC) is to Develop and Encourage Mutual Cooperation between the Tax-Payers and the Income Tax Department and to Remove Administrative and Procedural difficulties of a General Nature: FM The Union Finance Minister Shri P. Chidambaram said that role of the Central Direct Tax Advisory Committee (CDTAC) is to develop and… Read More

Tags: CBDTCommitteeFinance MinisterIncome taxIncome Tax DepartmentP. ChidambaramTaxation in IndiaVaishali

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