Finance Minister P. Chidambaram on Saturday said the UPA government is committed to a well-regulated financial market and help entrepreneurs to raise capital to achieve higher growth.

Chidambaram, wh

The government could announce spending cuts for the 2013 fiscal year on Saturday, although the size of the cuts was not immediately clear, two government sources said.

In a bid to reverse the downturn in economy and give fillip to the investment, new finance minister P. Chidambaram on Monday unveiled a roadmap to fine-tune existing policies.

In a statement he indi

The markets surged to scale their highest closing levels in nearly four weeks after the Union finance minister P. Chidambaram said that he intends to shortly unveil a path of fiscal consolidation and

Finance Minister Palaniappan Chidambaram said on Monday he intends to shortly unveil a path of fiscal consolidation, assisted by a panel.

Chidambaram also said clarity and stability in tax laws would

Making a strong case for promoting fiscal consolidation in the forthcoming budget, the Reserve Bank on Monday said that it was necessary to stimulate growth.

"We can't discount the importance of fis

The finance ministry is likely to focus on fiscal consolidation in the coming annual budget, Montek Singh Ahluwalia, deputy chairman of the Planning Commission, said in an interview to CNBC-TV18.

Con

Urging India to move ahead with economic reforms to benefit from the changing global dynamics, top banker Uday Kotak has said it is time for the country to go for a tighter fiscal policy and ease i

India's budget for 2012-13 should send a credible signal on fiscal consolidation by reforming the petroleum subsidy, Montek Singh Ahluwalia, deputy chairman of India's planning commission, said in an

Noting that India's current account deficit has become 'too enlarged', a Planning Commission member on Saturday called for a more restrained fiscal deficit.

"Our current account deficit has become mu