Congress leader P Chidambaram on Tuesday said Finance Minister Arun Jaitley has ‘slipped’ when he told the Parliament that Service Tax revenues are not shared with the states. "FM was wrong. “He slipped. All taxes, including Service Tax, are shared," Chidambaram said in a tweet. He was commenting on a reply given by Jaitley to a question in Rajya Sabha on the 14th Finance Commission recommendations. In the reply, he had said as per the Commission recommendations Service Tax is ... Rediff.com, 1 week ago
ED issues summons to Karti Chidambaram - Rediff.com, 3 weeks ago
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“We did not abuse RBI governors. We did not let loose people to abuse them and we never forced them to say that they will not seek a second term," says former finance minister Chidambaram. IMAGE: Former finance Minister Chidambaram with RBI Governor Raghuram Rajan. Photograph: Reuters Taking a jibe at the way the Narendra Modi government handled the vicious criticism of Reserve Bank of India (RBI) Governor Raghuram Rajan by a member of the ruling Bharatiya Janata ...Rediff.com, 1 week ago
In his book, former governor Subbarao says Chidambaram, Pranab were piqued by his tight rate policy; refused extension to two deputies. IMAGE: Raghuram Rajan (L), with Duvvuri Subbarao. Photograph: Danish Siddiqui/Reuters Conventional wisdom says while the government and the Reserve Bank of India (RBI) agree to disagree on certain issues, it is the monetary policy that has the final seal of approval of both parties. But, as a “tell-all” book by former RBI Governor ...Rediff.com, 2 weeks ago
Former Home Minister P Chidamabram, who drew flak for the alleged two affidavits filed by the Centre in the Ishrat Jahan case, on Thursday said the reports published in a leading daily “completely exposed the fake controversy created by the National Democratic Alliance government”, adding that it vindicates his stand. “The news report published in the Indian Express (external link) today comprehensively exposes the fake controversy created by the NDA government on the two ...Rediff.com, 1 month ago Ishrat documents still missing, Chidambaram clueless Rediff.com, 1 month ago
The stage is for a contest in the June 11 Rajya Sabha elections in Uttar Pradesh, Karnataka, Rajasthan, Madhya Pradesh and Haryana even as union ministers Piyush Goyal and Suresh Prabhu, senior Congress leader P Chidambaram, Janata Dal-United leader Sharad Yadav and all six nominees of All India Anna Dravida Munnetra Kazhagam and Dravida Munnetra Kazhagam in Tamil Nadu were elected unopposed. IMAGE: Former Union minister and senior Congress leader P Chidambaram was elected unopposed from ...Rediff.com, 1 month ago Chidambaram, MJ Akbar, Prabhu in the fray for RS nominations Rediff.com, 1 month ago
Former Finance Minister P Chidambaram said he was "disappointed and profoundly saddened" by Rajan's decision against a second term, but was not surprised by the development Congress on Saturday accused the Narendra Modi government of "hounding out" Reserve Bank of India governor Raghuram Rajan and said he has done what any "self-respecting" person would do even as Bharatiya Janata Party declined to join issue, claiming it does not offer comments on independent regulators. BJP MP Subramanian ...Rediff.com, 1 month ago
Chidambaram showed a total income of Rs 8.58 crore for 2014-15, while his wife Nalini showed income of Rs 1.25 crore for the same period. Aditi Phadnis reports Congress leader and former Union minister P Chidambaram, his wife and family have assets worth Rs 95 crore, according to an affidavit filed by him on Tuesday to contest the Rajya Sabha election. Chidambaram has filed nomination papers for the biennial elections to the Rajya Sabha from Maharashtra. According to his affidavit, filed in 22 ...Rediff.com, 1 month ago
'Reserve Bank is an autonomous institution and, as governor, I am supposed to make judgments on issues in the domain of the central bank.' 'The governor of the Reserve Bank is more than a regulator.' 'The government has turned to a path of fiscal consolidation.' A candid account of a five-year stint as Reserve Bank of India governor by Duvvuri Subbarao, below, left, could not have come at a more opportune time, as the Narendra Modi government has to shortly take a decision on appointing ...Rediff.com, 4 days ago
A long crisis with a lack of sound short-term, long-term actions can result in sluggish growth in India, similar to that in Japan, says Ajay Shah. Our banking crisis is one of the biggest challenges faced by macro/finance policy in many decades. With banking crises, every day of “extend and pretend” drives up the cost. How will the story unfold in the absence of a strategy for the short term and the long term? We would get a mild “Japanisation” of the economy. Every ...Rediff.com, 1 week ago
Cong leaders speak in two voices but final stand may be decided at a meeting headed by Rahul Gandhi next week The government is open to the idea of “ring-fencing” the goods and services tax rate as proposed by Congress leader Anand Sharma. A senior minister on Saturday welcomed Sharma’s suggestion. “It’s a sensible suggestion. We will keep talking to them,” he said. Sharma, Congress’ deputy leader in Rajya Sabha where the Constitution Amendment Bill on ...Rediff.com, 2 weeks ago
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