Pranab Mukherjee

Union Finance Minister Pranab Mukherjee Sunday attributed the cumulative effect of several national and international factors, including the Eurozone crisis, for the devaluation of the Indian rupee, which hit a record low of 56.40 against the dollar this week.

Finance Minister Pranab Mukherjee Sunday said the share of direct tax revenue should be 12 percent of the country's gross domestic product (GDP).

Team Anna Saturday charged Prime Minster Manmohan Singh and 14 cabinet ministers of "massive" corruption and asked for an independent probe, but the Congress described the charges as "unsubstantiated".

An empowered group of ministers (EGoM) led by Finance Minister Pranab Mukherjee will take the final call on key issues such as pricing and refarming of spectrum for 2G auction, Telecom Secretary R. Chandrashekhar said Saturday.

Team Anna Saturday renewed its attack on the Congress-led United Progressive Alliance (UPA) government, alleging Prime Minster Manmohan Singh and 14 cabinet ministers were involved in massive corruption.

Finance Minister Pranab Mukherjee's cryptic comment about Rashtrapati Bhavan's extensive lawns and how he loves to walk has renewed speculation about the veteran leader's interest in becoming India's next president.

An Empowered Group of Ministers (EGoM) headed by Finance Minister Pranab Mukherjee will meet Friday to take a decision on raising prices of diesel and liquefied petroleum gas (LPG), a finance ministry official said Thursday.

The Indian rupee breached another psychological level of 56 against a dollar Wednesday and plunged to a low of 56.18 in the intra-day, hitting a record low for the sixth session in a row.

The Indian rupee breached another psychological level of 56 against a dollar Wednesday, hitting a new low for the sixth session in a row.

The CPI-M Tuesday accused the government of insincerity on unearthing black money stashed by rich Indians in foreign banks.

The Indian rupee Tuesday slipped to 55.47 against a dollar, hitting a fresh record low for the fifth session in a row, due to increased demand for the American currency from oil firms and weak cues from global markets.

The Rajya Sabha was Tuesday adjourned sine die without taking up important listed business due to protests by DMK members to a bill. The BJP, however, charged the government with manipulating the chaos to avoid explaining Home Minister P. Chidambaram's alleged involvement in the Aircel-Maxis deal.

For a change, the budget session of parliament that ended Tuesday saw fewer disruptions. But it also witnessed a cabinet minister's exit, an unprecedented cartoon row and a war between the treasury and opposition benches over a proposed intelligence hub.

Ruling UPA's alliance partner, Trinamool Congress chief Mamata Banerjee Monday said she would "be happy" with Meira Kumar, Gopal Gandhi or A.P.J. Abdul Kalam as president but not Finance Minister Pranab Mukherjee. The Congress said they would hold consultations with all concerned parties on the issue.

Breaking her silence over the presidential race, Trinamool Congress chief Mamata Banerjee Monday said she would "be happy" with Meira Kumar, Gopal Gandhi or A.P.J. Abdul Kalam as president but not Finance Minister Pranab Mukherjee.

The Bharatiya Janata Party (BJP) dismissed as "disappointing" the government's white paper on black money Finance Minister Pranab Mukherjee tabled in the Lok Sabha Monday.

The Enforcement Directorate (ED) is probing the complaints of money laundering against Indian Premier League (IPL), Finance Minister Pranab Mukherjee told the Rajya Sabha Monday.

The government Monday released the much-awaited white paper on black money, which makes a strong pitch for setting up the Lokpal and Lokayuktas but carries no official estimate of the illicit money stashed by Indians abroad.

West Bengal Chief Minister Mamata Banerjee Monday said she would "be happy" with Meira Kumar, Gopal Gandhi or A.P.J. Abdul Kalam as president but not Finance Minister Pranab Mukherjee.

Expressing "great concern" over the sharp fall of the rupee, Finance Minister Pranab Mukherjee Sunday said the central government was trying to resolve the issue.

The Indian equities markets' benchmark indices declined nearly one percent in a volatile trading this week as a record drop in the value of rupee and lingering eurozone crisis weighed heavily on the investors' sentiments.

The government is planning to introduce some austerity to aid fiscal consolidation, Finance Minister Pranab Mukherjee said Wednesday as the rupee slumped to a record low of 54.50 against the dollar and stock markets tumbled.

The absence of Finance Minister Pranab Mukherjee Wednesday from a group photo session of parliamentarians here surprised many.

The Indian rupee slumped to a record low of 54.50 against the US dollar Wednesday with risk aversion in global markets adding to the pressure, even as Finance Minister Pranab Mukherjee hinted at new austerity measures and maintained that there was no need to panic.

Blaming the eurozone crisis for the economic slowdown and the sharp drop in the stock markets, Finance Minister Pranab Mukherjee Wednesday said India's growth story was intact and the government was taking measures to revive growth and attract overseas investments.

Dismissing opposition charges that led to an uproar in Parliament yet again, the government Monday denied any wrongdoing in granting clearance to the Rs.4,000 crore Aircel-Maxis deal in 2006, particularly the involvement of then Finance Minister P. Chidambaram in the decision.

Rashtriya Janata Dal (RJD) leader Lalu Prasad Sunday evoked smiles in the Lok Sabha with his approval of "admonishment" in the house by Finance Minister Pranab Mukherjee, who is seen as a probable Congress candidate for the presidential elections.

India's success as a parliamentary democracy was hailed by leaders across party lines at a special meeting of parliament Sunday to celebrate 60 years of its first sitting with some members also raising concern over the repeated disruption of proceedings in the two houses.

Finance Minister Pranab Mukherjee Sunday described the Lok Sabha as a "great shock absorber" and said the house had been able to resolve many disputes and tensions.

India's industrial output shrank 3.5 percent in March from a year earlier, driven by poor performance of manufacturing and mining sectors, dampening hopes of an early revival of growth, government data showed Friday.