Today, one of the most highly anticipated budgets of recent years, Union Budget 2013 is set to be presented by Finance Minister P Chidambaram and all eyes are on India’s efforts to cut down a damaging credit ratings downgrade. Read more
Tag: Finance Minister
Union Budget 2013: FM to present today, facing litmus test
Feb. 28 Business, India News Comments Off
I know my limitations: Chidambaram on Prime Minister Candidature
Dec. 31 India News, Political News Comments Off
As per latest political news, the Finance Minister of the country, P Chidambaram offered two responses today when media tried to get his reaction an the fellow Tamil Nadu politician and DMK chief M Karunanidhi’s suggestion that he was a potential candidate for Prime Minister. Read more
Banks to gear up for DCT ,a ‘pure magic’ System: FM
Dec. 23 Business, India News Comments Off
Appreciating Rahul Gandhi’s Direct Cash Transfer scheme as a ‘pure magic’, today Finance Minister P Chidambaram asked banks to gear up for implementation of scheme, the biggest banking responsibility.
UPA’s Direct Cash Transfer Scheme leads to directly transfer money into beneficiary Aadhaar-enabled accounts in wake of leaving no scope for corruption and pilferage. Read more
Tags: Aadhaar Scheme, business, DCT, Direct Cash Transfer Scheme, Featured, Finance Minister, India News, NTN, P Chidambaram, Rahul Gandhi, UPA
Moody’s outlook for Indian banking system remains negative
Dec. 04 Business, India News Comments Off
Amid pressure of sloping down Indian economy growth by 5.3% in second quarter of fiscal year, another threatening fact raised by Moody rating agency that its outlook on the Indian banking system for next 12 to 18 months remains negative.
As per Moody’s statement, the affect of outlook is due to Indian challenging domestic operating environment which pressuring banking system fall in profitability through slow economic growth, high inflation, high interest rates, and a weak local currency, reports said. Read more
Tags: Bank Capitalisation, business, Featured, Finance Minister, India News, Indian banking System, Indian Economy, Moody, Moody’s Outlook, NTN, P Chidambaram, Rating Agency
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