P Chidambaram tries to calm markets

The Finance Ministry has said the Indian economy is not relevant to Quantitative Restrictions Easing. The Federal Reserve, last evening, announced the plan for easing. The Indian market along with all other Asian markets saw heavy selling after the Federal ...

NEW DELHI (Reuters) - Finance Minister P. Chidambaram said fears the Federal Reserve would start reversing its U.S. monetary stimulus programme were unfounded but his remarks failed to prevent steep falls in domestic markets on Thursday. The Nifty slumped ...

Switching from selling Indias growth story to fire-fighting mode to stem a nervous sell-off on the bourses, Finance Minister P. Chidambaram, on Thursday, sought to assure investors of the turnaround in the countrys economic fundamentals, and advised market ...

"The Income Tax Department, the ED will step in at the appropriate stage. I don't know whether the stage has arrived or not," Chidambaram said while replying to query on IPL spot fixing scandal.

The Union Cabinet has approved classifying Malayalam as a Classical Language, Finance Minister P. Chidambaram said. Malayalam will soon be granted the status of a classical language. The Union Cabinet, at a meeting chaired by Prime Minister Manmohan Singh, on ...

Finance minister P Chidambaram on Thursday sought to assuage the stock market, after it declined by over 350 points, by asserting that there was no need for any "nervousness" and the participants should read the situation correctly rather than be influenced ...

Union finance minister P Chidambaram says that Rs 20,000 crore can be saved out of the oil subsidy budget in the current financial year, which then can be used as cash payouts to oil firms and he does not expect more subsidy demands from the oil ministry ...

Amidst chaos in the markets, with stock indices plunging and the rupee touching a nine-month low, the Finance Ministry made a valiant effort to bring order in the market. Finance Minister P. Chidambaram asked the people not to be nervous, while Chief Economic ...

The Union Cabinet will consider the impact of the proposed increase in natural gas prices on power tariff and fertilizer subsidy before deciding on increasing the rates, Finance Minister P. Chidambaram said on Thursday. Commenting on CPI leader Gurudas ...