P Chidambaram

“Food prices will come down sooner than others... we expect food prices to moderate," Finance Minister P Chidambaram told media on the sidelines of a an event organised by the Federation of Karnataka Chambers of Commerce and Industry. "Inflation...

Kishore Biyani Led-Future Ventures’ proposal for induction of foreign equity up to 49 per cent by FIIs, NRIs, FVCIs, multilateral and bilateral development financial institutions has been rejected by the ministry of finance. The company proposed to be engaged in...

In a move to control inflation, the Reserve Bank of India (RBI) announced a 0.5 per cent hike in cash reserve ratio (CRR), whereupon interest rates on retail loans are expected to rise. According to an RBI release, it was...

With approval given to their FDI proposals, investment inflow from luxury brands Armani and Cartier together will be around Rs 1.22 crore. The brands, with their respective joint venture partners, will set up their retail chains in India. Finance Minister...

Well before Finance Minister P Chidambaram made that familiar annual stride into Parliament House, most analysts had predicted that the Union Budget for 2008-09 would be structured to please the electorate – after all, it is the last Budget...

Following are the Budget 2008-09 key points, which in some way might matter to the Indian retail fraternity. Indiaretailing penned down the following from Finance Minister P Chidambaram’s speech that was delieverd in the parliament today. • No change in...

In a move to check the slowdown of credit growth in the country, Finance Minister P Chidambaram urged public sector banks to lend more to consumer durable borrowers at affordable cost. Addressing the media after chairing a pre-budget meeting with...

Responding positively to the suggestions by Federation of Indian Chambers of Commerce and Industry (FICCI) to encourage the private sector to foray into agriculture, the minister for agriculture and consumer affairs, food and public distribution, Sharad Pawar, assured them...

As the Sensex zooms to touch benchmark index nearing 18,000-point level, Finance Minister P Chidambaram advised retail investors in stock market to be cautious, even as he welcomed the interest evinced by FIIs. “I do not think retail investors are...

There was mixed reaction from retailers to Finance Minister P Chidambaram’s announcement that India will open up its $330 billion retail market to foreign investors. “The statement of the minister had no clear signals as to what the government will...