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Topic: Palaniappan Chidambaram


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  India union budget 2006-2007 in the works, Indian Finance Minister P Chidambaram and income tax slabs, exemptions   (Site not responding. Last check: 2007-10-15)
With Finance Minister Palaniappan Chidambaram kick-starting the proceedings for the Union Budget 2006 with a slew of meetings with corporate honchos, the vexed issues of taxation and income tax slabs has come to the forefront.
Chidambaram is expected to hold extensive consultations with a cross-section of the society including trade union to hear them out before giving shape to Budget 2006.
P Chidambaram is also not likely to provide relief to subsidies to Indian Oil public sector undertakings (PSUs), which are funded by the Union budget as well as the Oil firms.
www.digi-help.com /pub/india-budget-2006.asp   (744 words)

  
  Bahrain Tribune Daily Newspaper, Bahrain
Finance Minister Palaniappan Chidambaram’s cautious budget was less inflationary than some analysts had feared but, as expected, included no major measures to cut the worrying fiscal deficit, seen as a challenge to sustained high economic growth.
Chidambaram’s budget increases spending in the current fiscal year by 100 billion rupees ($2.2 billion) over the previous government’s interim budget in February, largely to deliver the Congress-led coalition’s promised “new deal” for rural India, which brought it to power.
Chidambaram did not impose a service tax on road transport, which would have stoked inflation in the vast nation, as analysts had feared.
www.bahraintribune.com /ArticleDetail.asp?CategoryId=5&ArticleId=37387   (536 words)

  
 Printer Friendly Version   (Site not responding. Last check: 2007-10-15)
Two days from now, Palaniappan Chidambaram will rise to present the third Union budget of his career, and the first in his second innings as the finance minister.
While Mr Chidambaram will be the first to admit that India’s economy is in substantially better shape than 1997-98, his fiscal choices may have become more limited than when he presented his so-called “dream budget” in February 1997.
For instance, if Mr Chidambaram were to implement all the recommendations of Vijay Kelkar’s report on direct taxes and eliminated all the key tax sops, he would raise corporate tax revenues from the current average of 22 per cent of PBT to nearer 30 per cent.
fecolumnists.expressindia.com /print.php?content_id=62869   (1100 words)

  
 News on tidal wave impact inChidambaram, India   (Site not responding. Last check: 2007-10-15)
Chidambaram, who visited the tsunami-affected villages in Tamil Nadu's Cuddalore district, told reporters that the Centre was considering DMK chief M...
Chidambaram disclosed that the damage to economic installations in the tsunami-affected areas was minimal.
Shri Chidambaram informed the mediapersons that the natural disaster caused by the Tsunami wave would be equated with the super cyclone which hit the Orissa...
www.us-news-watch.com /tsunami/Chidambaram.html   (2935 words)

  
 India's Taxing Budget - Forbes.com   (Site not responding. Last check: 2007-10-15)
Chidambaram has lifted ceilings on FDI in a number of important areas, including the financial sector, and has pressed ahead with a slate of minor reforms.
Chidambaram has already unveiled his most important policy for tackling this problem and the decline in relative tax receipts--a central system of value added tax (VAT) to displace the substantial proportion of local sales taxes operated by state governments.
This is because Chidambaram has held the deficit down, despite a substantial increase in government spending, by shifting this spending away from short-term consumption and onto long-term capital investment.
www.forbes.com /business/2005/03/03/cz_0303oxan_india.html   (1418 words)

  
 >>> AsiaNews.it <<< 2004 budget to favour the poor and tax the rich
Finance minister Palaniappan Chidambaram imposed a 2% one-off surcharge on taxes (amounting to 40-50 billion rupees) in order to fund education and free lunches in state-run schools.
Chidambaram also promised to table a new bill that would guarantee the poor at least 100 days of employment a year.
Chidambaram’s budget speech was frequently interrupted by Lok Sabha (Lower House) members from opposition Hindu nationalist Bharatiya Janata Party, traditionally seen as a backer and a defender of industry and urban Indians.
www.asianews.it /view_p.php?l=en&art=1118   (650 words)

  
 best of week : HCI London   (Site not responding. Last check: 2007-10-15)
Comprehensive tax reforms in next Budget: FM The Government is likely to attempt a comprehensive tax reform in the Union Budget for the next financial year, Finance Minister Palaniappan Chidambaram said on Monday.
Last week, Chidambaram announced billions of dollars in spending for the poor in an expansionary Budget that taxed the rich but lacked any major steps to tackle a nagging deficit.
Chidambaram said the electoral mandate the UPA Government got was for continuing the reforms process and taking up measures in agriculture and rural economy that had not been addressed during the previous NDA Government rule.
www.hcilondon.net /bestofweekdetail.jsp?BWCode=342   (220 words)

  
 The Telegraph - Calcutta : Business
Behind the cool front, finance minister Palaniappan Chidambaram is perhaps the most tense man in the United Progressive Alliance cabinet today.
Finance minister P. Chidambaram introduced a new tax regime for the textile sector when he gave the industry the option of c...
Union finance minister P. Chidambaram brought cheer to the domestic shipping industry with his announcement of the much-awai...
www.telegraphindia.com /1040709/asp/business/index.asp   (444 words)

  
 gulfnews.com: India Budget Special: A budget with an eye on the big economic picture
India's 58-year-old finance minister Palaniappan Chidambaram, a lawyer by profession, was educated at Harvard University and is known to hold views that are distinctly in favour of free markets.
Late yesterday morning, when Chidambaram rose to present India's budget for 2004-05, there was an expectation that the country's economic policies could move sharply leftwards.
The Communist parties, that are supporting the UPA government without being a part of it, were not exactly overjoyed with the budget but were, at the same time, somewhat muted in their criticism.
www.gulf-news.com /Articles/Business2.asp?ArticleID=125733   (822 words)

  
 World Economic Forum - India's finance minister predicts growth for a decade as investment panel formed   (Site not responding. Last check: 2007-10-15)
The Indian economy is poised for sustained economic growth of 7-8% for the next ten years, Finance Minister Palaniappan Chidambaram told participants in a keynote address at the opening session of the World Economic Forum’s 20th India Economic Summit.
Minister Chidambaram said that India’s sustained growth has been made possible because of the emergence of a “broad consensus on fiscal discipline and prudence” and an acceptance that trade is beneficial, even if the country should register a large trade deficit.
Chidambaram said that virtually every sector will be open for investment.
www.weforum.org /site/homepublic.nsf/Content/India%27s+finance+minister+predicts+growth+for+a+decade+as+investment+panel+formed   (536 words)

  
 For the FM, it's business from Day 1
Besides meeting some of his key secretaries individually, Chidambaram also met TKA Nair, the new principal secretary in the Prime Minister's Office and the secretary in the personnel department.
A senior official said Chidambaram was sharp on the uptake and did not require any briefing on the last five years' policy stance.
Chidambaram is expected to be in office at 9.30 a.m.
inhome.rediff.com /money/2004/may/25fm1.htm   (367 words)

  
 Printer Friendly Version   (Site not responding. Last check: 2007-10-15)
Balancing between imagination and conservativeness, he stuck to laying down a foundation for the promise of a disciplined era of coalition politics and economics, leaving the big vision to next year’s full Budget.
He also showed his pro-reform colours by raising FDI caps in telecom (from 49 to 74 per cent), civil aviation (from 40 to 49 per cent) and insurance (from 26 to 49 per cent).
Chidambaram even managed to retain a modest disinvestment target of Rs 4,000 crore despite the obvious disapproval of the Left.
www.indianexpress.com /print.php?content_id=50774   (477 words)

  
 BBC NEWS | World | South Asia | Profile: P Chidambaram
Beginning as a congressman, Mr Chidambaram first got elected to parliament from the Sivaganga constituency in Tamil Nadu in 1984 and became a junior interior minister under then-Prime Minister Rajiv Gandhi.
By then, Mr Chidambaram had left Congress due to differences with the leadership over forming an alliance with another regional party in Tamil Nadu, the All-India Anna Dravida Munnetra Kazhagam of the present Tamil Nadu Chief Minister J Jayalalitha.
A firm believer in free trade, Mr Chidambaram is of the opinion that countries which are open to competitive societies have succeeded in removing poverty, while those which remain closed and controlled have not.
news.bbc.co.uk /1/hi/world/south_asia/3741169.stm   (572 words)

  
 BBC NEWS | Business | India pledges to abolish poverty
Mr Chidambaram, who became finance minister in 2004 after the Congress Party unexpectedly won the general election, has presided over an Indian economy which is currently growing at 9% per year, almost as fast as China.
Mr Chidambaram said that the West was being unfair to India by demanding sharp cuts in emissions just as India's economy was taking off.
But Mr Chidambaram accepted that there were also potential losers, especially in the agricultural sector, which still employs the majority of the workforce.
news.bbc.co.uk /2/hi/business/6309945.stm   (919 words)

  
 TIME Asia Magazine: "People Think India Is a Poor Country. It Is Not" -- Mar. 14, 2005   (Site not responding. Last check: 2007-10-15)
Chidambaram: In urban areas, I believe that hardly anyone goes without food; there is always some kind of income.
Chidambaram: It is easy to blame the bureaucracy, yet it's the same bureaucracy that delivers in one place and fails to deliver in another.
Chidambaram: We can learn from China that as long as we are masters of our own house, there is no reason to fear foreign investment.
www.time.com /time/asia/magazine/article/0,13673,501050314-1034823,00.html   (707 words)

  
 News : HCI London   (Site not responding. Last check: 2007-10-15)
Palaniappan Chidambaram, India's finance minister, argued that these organisations need to take into account the changing world order, given India and China's integration into the global economy.
Mr Chidambaram is attending the G7 meeting as part of the G20 group of nations, which account for two thirds of the world's population.
Separately, the IMF warned on Thursday that India's budget deficit was too large and would hamper the country's economic growth, which it forecast to be around 6.5% in the year to March 2005.
www.hcilondon.net /hciserv/NewsIndex?source=newsdetails&NewsCode=1124   (324 words)

  
 [No title]
Meet the all-new Palaniappan Chidambaram, greying, genial, patient, confident, seasoned, all-weather prime teak.
Chidambaram can rightly take credit for some of the biggest reforms of the nineties — in trade policy and income taxes.
Chidambaram can take credit for some of the biggest reforms of the '90s—in trade policy and income taxes.
www.outlookindia.com /nextsubsection.asp?personname=P%2E+Chidambaram&subsec=Interviews&secname=Business   (354 words)

  
 CIOL : News : Online tax payment facility launched in India
Finance Minister P. Chidambaram launched an on-line tax payment facility that promises to overhaul the way taxes are paid in the country.
NEW DELHI: India is seeking to use its expertise in information technology to revamp an archaic tax administration, boost revenues and reduce a nagging deficit, cited by rating agencies as a risk to faster growth.
Finance Minister Palaniappan Chidambaram launched an on-line tax payment facility on Wednesday that promises to overhaul the way taxes are paid in Asia's fourth-largest economy.
www.ciol.com /content/news/2005/105051110.asp   (528 words)

  
 Printer Friendly Version   (Site not responding. Last check: 2007-10-15)
Palaniappan Chidambaram wears his attitude on his sleeve and is not apologetic about it.
That Chidambaram, a leading lawyer who has been consultant to many big firms, likes adulation and appreciation is evident.
And this time it’s a new Chidambaram in the saddle, a man who has spent the last five years travelling in the countryside.
www.indianexpress.com /print.php?content_id=50759   (449 words)

  
 BBC NEWS | Business | Shares warm to India finance team
The appointment of Palaniappan Chidambaram, who served in the same post from 1996 to 1998, saw the Bombay Sensex index rise 3.2% to 5,120.67.
The combination of Mr Singh and Mr Chidambaram is seen in some quarters as an economic "dream ticket".
But analysts said investors might remain cautious till economic promises of cutting the budget deficit to 3% within three years and overhauling taxes are fleshed out.
news.bbc.co.uk /2/hi/business/3741935.stm   (253 words)

  
 [No title]   (Site not responding. Last check: 2007-10-15)
Chidambaram's budget on Thursday set billions of dollars in spending for the poor but gave little clue about where the money would come from despite forecasting a 24 percent revenue jump on the basis of strong economic growth.
But Chidambaram, a Harvard-educated lawyer-turned- politician, told reporters on Friday the budget had made enough money available to take care of the new spending.
A favourite of pro-reformers, Chidambaram said the Congress- led coalition government's reliance on communist parties to rule was not a constraint on economic reform.
www.bangladeshjournal.com /newsadmin/printable.php?ID=1593   (534 words)

  
 BBC Brasil
O ministro das Finanças da Índia, Palaniappan Chidambaram
O orçamento publicado nesta quinta-feira pelo ministro das Finanças, Palaniappan Chidambaram, não prevê cortes de gastos, o que desagradou o mercado.
Chidambaram também anunciou a criação de programas para impulsionar a educação e os serviços de saúde, criação de empregos na área rural e na construção civil, além de expandir o saneamento público.
www.bbc.co.uk /portuguese/economia/story/2004/07/040708_indiamla.shtml   (412 words)

  
 Swiss Indian Relations
Palaniappan Chidambaram (Ex-Minister of Finance), Yashwant Sinha (Minister of Finance), N. Chandrababu Naidu (Chief Minister of Andhra Pradesh), attended the Forum of Davos, R. Hegde (Minister of Trade)
Deve Gowda (Chief Minister of Karnataka) and Palaniappan Chidambaram (Minister of Finance) attended the Forum of Davos
Palaniappan Chidambaram (Minister of Finance) attended the Forum of Davos
www.eda.admin.ch /india_dlh/e/home/indswi.html   (1701 words)

  
 India's new government accelerates reform   (Site not responding. Last check: 2007-10-15)
The number of phone connections in India, both mobile and fixed-line, grew by 39% in the 12 months to May, according to a recent survey by the Indian ministry for communications and IT.
Palaniappan Chidambaram, India's finance minister, said liberalising investment controls in sectors like telecoms, insurance and aviation was designed to raise the vast amount of capital required to develop those industries.
India's IT sector is also expected to benefit from the removal of excise duty on computers, which currently stands at 8%.
www.computerweekly.co.uk /Article131856.htm   (287 words)

  
 Channelnewsasia.com
Though there were no targets, he told the BBC he expected to garner 50 billion to 70 billion rupees (1.1 billion to 1.5 billion dollars) during the financial year starting April 1, once the cabinet cleared the names of companies he planned to put up for sale.
Chidambaram, who has faced stiff opposition from India's left-wing parties to the privatisation of state-owned companies, said the returns would be deployed in public sector spending.
Chidambaram said the budget had "not strayed" from the path of reform, launched in 1991 by then finance minister Manmohan Singh.
www.channelnewsasia.com /stories/afp_asiapacific_business/view/135942/1/.html   (720 words)

  
 Guardian | Indian coalition party demands more power
The new cabinet of the Indian prime minister, Manmohan Singh, was braced for trouble today after an allied coalition party asked its ministers not to start working until the party gets the ministerial appointments it says it was promised.
That requirement spooked investors last week, causing the Bombay stock exchange to plunge on fears the government would be unstable, halt privatisation of state industries and not push for business-friendly changes in labour laws.
India's stock markets opened higher today on news of the appointment of Mr Chidambaram, who was finance minister between 1996 and 1998 and advocates economic liberalisation.
www.guardian.co.uk /print/0,3858,4931329-111087,00.html   (492 words)

  
 Welcome to P.Chidambaram.org!!
Finance minister P. Chidambaram vows to contain fiscal deficit
சிதம்பரம்) or Palaniappan Chidambaram is an Indian politician.
He is the present Finance Minister of India, in the Congress party-led United Progressive Alliance (UPA) coalition government led by Prime Minister Manmohan Singh.
www.pchidambaram.org   (137 words)

  
 Why did Chidambaram hike defence outlay?
While India has been sharply increasing its defence expenditure, Pakistan's defence budget during the last three years has remained almost static with considerable decrease in real terms,' it said.
Finance Minister Palaniappan Chidambaram's Budget would probably prompt Pakistan to prepare a much stronger brief this year.
Chidambaram says the phenomenal increase in the defence budget allocation is born out the government 's 'determination' to eliminate all delays in the modernisation of the defence forces.
in.rediff.com /news/2004/jul/09spec1.htm   (821 words)

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