Finance Minister P Chidambaram on Friday said keeping inflation rate low, not high growth, was a priority for the government.
His statement comes amid fear that a possible recession in the US can affect economies of developing countries, including India.the finance minister was confident that the US economy would not move towards recession and would [...]

The Union Budget 2008-09 is expected to be presented on February 29, this being a leap year.
The three-month long Budget session is likely to begin on February 25, government sources said.
Finance Minister P Chidambaram has already started pre-budget consultations with various experts.
Government is likely to raise the tax exemption limit from Rs 1.1 lakh [...]

India Inc on Tuesday made a strong pitch for an across-the-board reduction in personal tax rates to attain a 10% GDP growth rate. Industry captains told finance minister P Chidambaram at a pre-Budget meeting that excise duty on manufacturing should also be slashed to 14% from the current 16%.
With direct tax collections continuing to [...]

Finance minister P. Chidambaram will kick off his formal pre-budget deliberations today, ahead of what will be the fifth general budget of the Congress-led United Progressive Alliance (UPA) government and his seventh as the Union finance minister.
The Union Budget that will be presented by Finance Minister Palaniappan Chidambaram in late February may well be [...]

A budget for prices, farmers and votes. Shame about reform
WHEN Palaniappan Chidambaram, India’s finance minister, started preparing his annual budget speech a few weeks ago, his officials were in buoyant mood and many businessmen positively euphoric. Annual economic growth of around 9% was spreading confidence, and concerns in some quarters that the economy was [...]

The first budget of Independent India was presented on November 26, 1947 by India’s first Finance Minister Sir R.K. Shanmugham Chetty. Since then, 28 Union Finance Ministers have been presenting the budget every year. Initially, much attention was given to the agricultural sector but as later on, the focus shifted to the other sectors [...]

Finance Minister P Chidambaram presented the Union Budget for 2007-08 in Parliament on Wednesday.
* While Chidambaram kept income tax limit unchanged, he increased the threshold limit by Rs 10,000 giving every assessee a relief of Rs 1,000.
* Deduction in respect of medical insurance under Section 80 (D) increased to Rs 15,000 and Rs 20,000 [...]

Budget making is not an easy task and our FM knows that why he is working very hard to give the final shape of indian budget 2007-2008.
Finance minister P Chidambaram is a tough task master, especially when it’s the time to chart the course for the nation, its economy.An senior official in the finance [...]