Pranab Mukherjee | Nseguide.com

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161 districts face drought, but it’s no panic: Govt

Posted on: August 12th 2009 in Market News.

New Delhi: More than a quarter of India’s districts are facing the threat of drought and the sowing of crops nationally is 20 per cent lower than in the previous year, Finance Minister Pranab Mukherjee said on Tuesday. While many of these districts are not major crop producers, the…

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FM’s plan could bring Rs 1,52,519 cr to D-street

Posted on: August 2nd 2009 in Market News.

NEW DELHI: The finance minister Pranab Mukherjee’s Budget proposal to deepen markets by bringing promoters’ stake in listed companies below 75% may leave markets dealing with a flood of equity issuances. If the proposal comes through, listed companies could be expected to rai…

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I took calculated risks for high growth: FM

Posted on: July 7th 2009 in Press Releases.

Finance Minister Pranab Mukherjee on Tuesday said the government has taken the calculated risk of high fiscal deficit to help stimulate growth, but would strive hard to bring it down to 4 per cent in the next two fiscals. Noting that a fiscal deficit of 6.8 per cent was on the higher sid…

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Market expected too much: FM

Posted on: July 6th 2009 in Press Releases.

“I had at the start of my speech said ‘One budget speech won’t address all the problems [that the economy faces],” Mukherjee said. Commenting on the stock market’s negative reaction to the Union Budget, Finance Minister Pranab Mukherjee has said the market may have expected too…

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We need consolidation, not stimuli

Posted on: June 17th 2009 in Press Releases.

Gird your loins to ride out the global economic storm, and don’t get diverted by pleas for unending tax cuts and stimulus packages that will empty the treasury without ending the storm. That should be the approach of finance minister Pranab Mukherjee in his coming budget. He will surel…

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Pranab Mukherjee vows to protect economy

Posted on: May 26th 2009 in Press Releases.

By Surojit Gupta and Rajkumar Ray NEW DELHI (Reuters) – India’s new finance minister Pranab Mukherjee said on Saturday he would take steps to protect the economy from the adverse impacts of the global slump and promised to return the country to a high growth path. Growth is…

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