Finance minister P. Chidambaram today said public sector banks plan to hire 50,000 persons and open 10,000 branches in the current fiscal.

Pitching for easy monetary policy in the upcoming review, finance minister P Chidambaram today said that if RBI cuts rates it will help economy to grow at a higher rate of 6.5 per cent in the next fiscal.

In warning to tax dodgers, finance minister P. Chidambaram today said that a huge amount of data is being mined to go after them and ruled out any amnesty scheme for defaulters.

Finance minister P. Chidambaram today said the revenue department will send tax notices to 35,000 assesses next week, beefing up efforts to reach the collection target for the fiscal.

Finance minister P. Chidambaram, who has talked about a stable tax regime during his meetings with foreign investors in the last two days, has said that the argument for taxing the very rich “a little more” should be considered.

Striking an optimistic note, finance minister P. Chidambaram today said India can now see the “first green shoots of revival” of economy which has been going through a difficult period and expressed confidence that it will again achieve eight per cent growth.

Over 800 more FM radio stations would be made available when the FM phase-III is rolled out shortly, while 31 new satellite TV channels are awaiting the government's approval, Information and Broadc