Posts Tagged Finance minister
Still Justifying FDI In Retail
Posted by M.L Gupta in Current Affairs on September 27, 2012
The Prime Minister, Finance Minister, commerce & Industry Minister, other cabinet ministers and the Congress Party have been trying to justify the foreign direct investment in retail stores like Wal-Mart for more than 10 days. Even after one of the alliance partners has parted ways, the government is bent upon pushing it. Why is the […]
Not Much Scope For Manoeuvring For Man Mohan Singh
Posted by M.L Gupta in Current Affairs on June 30, 2012
Finance Minister, Pranab Mukherjee, resigned on 26th June to file his papers for President. That gave speculators all the freedom to indulge in wild dreams. The new Finance Minister is expected to usher in all the reforms, strengthen the rupee against the US dollar, contain inflation, boost investment, open retail trade for multi-brand FDI, slow […]
Who Is Poor?
Posted by M.L Gupta in Current Affairs on March 19, 2012
This is a very critical question. All planning and the whole budget exercise hinges around the definition of the poor. The Planning Commission of India had earlier defined a poor person as one whose daily income did not exceed rupees 32. In US dollar terms it comes to around 62 cents. It had raised a […]
Cricket Now A Commercial Activity, Admits Minister
Posted by M.L Gupta in Current Affairs on September 4, 2011
The Indian Finance Minister has informed the parliament that the BCCI (The Board of Control for Cricket in India) had been enjoying income tax exemption earlier. In the financial year 2007-08 the income tax exemption was withdrawn. Reason? The sports Body is no longer promoting cricket as a charitable activity and is now primarily a […]
India’s Economy Moving In Positive Direction, Finance Minister
Posted by M.L Gupta in Current Affairs on August 10, 2011
It is Indeed very reassuring that the Indian economy is moving in the positive direction. In the context of turmoil in the global stock markets, such statements deliver desired positive results. The Bombay Stock Exchange (SENSEX) has registered positive trends on 10th August 2011. But the Sensex is hardly any barometer of growth. It has […]
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