Economy & Budget
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Why the Lok Sabha did not adopt amendments to the Aadhaar Bill proposed in the Rajya Sabha

Posted on 18 March, 2016 , No Comments Comments admin

The Aadhaar (Targeted Delivery of Financial, Other Subsidies, Benefits & Services) Bill 2016 came up for consideration before the Rajya Sabha on 16th March 2016. Consistent with the spirit of democratic debate, the Congress in the Rajya Sabha suggested fi.....

The Mudra Yojna

Posted on 27 September, 2015 , No Comments Comments admin

Earlier this year the Prime Minister had launched the Micro Units Development and Refinance Agency Ltd. (MUDRA) to fund the unfunded section of the society.  There are 5.7 crores entrepreneurs in the unorganised sector who are responsible for creating 11.....

My Intervention in the G20 Session on Framework for strong, sustainable and balanced growth

Posted on 05 September, 2015 , No Comments Comments admin

This year we have been focusing on the three I’s of Inclusiveness, Implementation, and Investment for Growth. While we have considerably enhanced our inclusive growth efforts, our efforts related to Implementation and Investment for growth needs t.....

How much has the West Bengal benefitted from the Fourteenth Finance Commission?

Posted on 15 June, 2015 , No Comments Comments admin

Some friends in West Bengal have asked for greater central assistance to West Bengal. How much does West Bengal get from the Centre? The impact of the Fourteenth Finance Commission on the finances of West Bengal has to be understood. In the last full year.....

Central Grant to the Nine Congress Ruled States

Posted on 11 June, 2015 , No Comments Comments admin

The Congress Party today had a meeting of the Chief Ministers of the nine Congress ruled States. The Party leadership raised an issue that Congress ruled States have been discriminated against by the Centre. Facts however speak otherwise. The following tw.....

My comments on the third Bi-Monthly Monetary Policy Statement of the RBI

Posted on 05 August, 2014 , No Comments Comments admin

In its credit policy announcement today the RBI kept the policy rate unchanged, as expected by markets. It has, however, reduced the SLR by 50 basis points giving banks greater leeway to lend. As the economy picks up and demand grows this will allow an in.....

My speech at the Pre-Budget Meeting with States and UT Finance Ministers

Posted on 09 June, 2014 , No Comments Comments admin

My dear Chief Ministers, Deputy Chief Minister, Finance Ministers from States and UTs, Esteemed Colleague Minister of State for Finance Ms Nirmala Sitharaman, senior officials from Centre and State Governments. It is a matter of great pleasure that today .....

RBI Credit Policy

Posted on 03 June, 2014 , No Comments Comments admin

The Reserve Bank of India has reduced the SLR by 50 basis points while maintaining the repo rate as unchanged. It is a priority for the Government to maintain a balance between growth and inflation. The Government is also concerned with restarting the inv.....

My Response to Mr.Chidambaram’s vote on Account Speech

Posted on 17 February, 2014 , No Comments Comments admin

The Finance Minister presented Vote on Account estimates before the Parliament today. It was an electoral imperative for him to attempt to repackage the 10 years of the UPA. He is faced with a harsh reality. He inherited an 8.5 percent GDP growth rate. He.....

2nd November, 2013

Posted on 02 November, 2013 , No Comments Comments admin

"In the recently published report on "Ease of Doing Business", India has slipped from a rank of 131 in 2013 to a rank of 134. It ranks below Bangladesh (130), Pakistan(110), Nepal (105), Sri Lanka (85) i.e lowest among its immediate neighbours. It ranks p.....

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