Union Minister Arun Jaitley, who returned from the US last week after a medical treatment, will resume office as the Finance Minister on Friday. Official sources said Jaitley will resume function as the Finance Minister and attend the Cabinet Committee on Security (CCS) convened at 9.15 a.m. The CCS meeting[Read More…]
Tag: Finance Minister
DLF closes 11.5% down after CBI raids office
The Central Bureau of Investigation (CBI) on Friday registered a fresh case against former Haryana Chief Minister Bhupinder Singh Hooda and several others in connection with the alleged irregularities in allocation of over 1,417 acres of land during 2009-12 in Gurugram and carried out raids at more than 20 places[Read More…]
Opposition fears Modi, so ganging up: Arun Jaitley
New Delhi, Finance Minister Arun Jaitley on Monday hit out at opposition parties, saying the fear of Prime Minister Narendra Modi’s popularity and his return to power has brought them together but said this won’t work in the Lok Sabha polls as Modi remains the most popular leader. In a[Read More…]
Congress paid lip service to poor among upper castes: Jaitley
New Delhi, Hailing the Prime Minister’s decision to force the agenda for poverty-based reservation as the single greatest pro-poor step, Finance Minister Arun Jaitley on Friday accused the Congress of grudgingly supporting the bill for 10 per cent reservation for poor among the upper castes. “The Prime Minister’s decision to[Read More…]
Jaitley demands discussion on Rafale, RS adjourned for day
New Delhi, Finance Minister Arun Jaitley on Friday demanded a discussion on the Rafale deal in the Rajya Sabha as the upper House was adjourned for the day amidst sloganeering and noise. “I demand that Congress party should immediately start a discussion on Rafale,” Jaitley said. The Bharatiya Janata Party[Read More…]
Banks need to be strengthened to drive economic growth: Jaitley
Mumbai: Finance Minister Arun Jaitley on Sunday said that the banking system needed to be strengthened to meet the market’s liquidity requirements and drive economic growth. Jaitley was speaking via video-conference at an event here to mark the 100th anniversary of the Union Bank of India. According to the Minister,[Read More…]
CAIT seeks probe into health hazards posed by currency notes
The traders body Confederation of All India Traders (CAIT) wrote to Finance Ministry seeking probe to assess the health threats posed by currency notes. Citing various studies, CAIT claimed that notes were contaminated with pathogens and warned of their potential to transit several diseases including urinary meningitis, toxic shock syndrome[Read More…]
Jaitley wins over Piyush Goyal, resumes as Finance Minister today
President Ram Nath Kovind on Thursday directed to assign the portfolios of the Minister of Finance and Minister of Corporate Affairs to Arun Jaitley. Announcing his return, a communique from the Rashtrapati Bhavan read, “The President of India, as advised by the Prime Minister, has directed to assign the portfolios of the Minister of Finance and Minister[Read More…]
Cabinet approves LIC’s proposal to acquire 51% stake in IDBI Bank
New Delhi: The Cabinet on Wednesday approved the purchase of a controlling 51 per cent stake in IDBI by the state-run Life Insurance Corp (LIC) which would result in the government becoming a minority shareholder. The nod is a bid to turn around the loss making government-owned IDBI Bank struggling[Read More…]
Maneka Gandhi: Gifts to wives, daughters-in-law should be tax-free
Minister for Women and Child Development Maneka Gandhi has urged Finance Minister Piyush Goyal to make amendments to the Income Tax Act so that gifts to wives or daughters-in-law are not taxed. Maneka made the plea through her twitter post saying, “As a society, the onus of ensuring economic empowerment[Read More…]
India has not lived up to high banking standards: Piyush Goyal
Mumbai: India has not lived up to the high expectations and standards required of the banking system and the current trying times had finally forced a recognition of the non-performing assets (NPA), or bad loans, situation and the need for a move to resolve the problem, acting Finance Minister Piyush[Read More…]
Karti Chidambaram gets bail in INX media case
New Delhi: The Delhi High Court on Friday granted bail to Karti Chidambaram, son of senior Congress leader P. Chidambaram, in the INX Media corruption case. The bail was granted by Justice S.P. Garg. The Central Bureau of Investigation arrested Karti Chidambaram in February for allegedly taking money to facilitate[Read More…]
Indian GST system among most complex globally: World Bank
New Delhi: The Indian Goods and Services Tax (GST) system is among the most complex in the world with not only one of the highest tax rates but also one of the largest number of tax slabs, the World Bank has said. It added that India has the highest standard[Read More…]
High Court seeks CBI response on Karti’s bail plea
New Delhi: Delhi High Court on Tuesday asked the Central Bureau of Investigation (CBI) to file reply on the bail plea of senior Congress leader P. Chidambaram’s son Karti Chidambaram in the INX Media corruption case. Justice S.P. Garg also sought a status report from the probe agency and listed[Read More…]
Nationwide rollout of inter-state e-Way Bill from April 1: Jaitley
New Delhi: The Goods and Services Tax (GST) Council on Saturday finalised April 1, 2018 for the nationwide mandatory rollout of inter-state e-Way Bill, Finance Minister Arun Jaitley said here. “Intra-state e-Way Bill will be rolled out in phased manner with four groups of states. Each group will come under[Read More…]
All existing protections retained while consolidating PPF Act: Finance Ministry
New Delhi: The central government on Wednesday said that “all existing protections” have been retained while consolidating the Public Provident Fund (PPF) Act under the proposed Government Savings Promotion Act. The development comes a day after the central government proposed to merger separate acts on small savings, PPF and government savings[Read More…]
12% GST on sanitary napkins fine, says Maneka Gandhi
New Delhi: Union Minister for Women and Child Development Maneka Gandhi on Wednesday said that 12 per cent Goods and Services Tax (GST) imposed on sanitary napkins is acceptable. “It has come down from 18 per cent… At the moment, the market is dominated by multinational companies. So, what has[Read More…]
PM Modi, Jaitley attend Virat-Anushka’s reception in Delhi
Prime Minister Narendra Modi and Finance Minister Arun Jaitley were among the high-profile guests at the wedding reception of star cricketer Virat Kohli and Bollywood actress Anushka Sharma here on Thursday. One of the most talked about couple in India, Virat and Anushka, who got married in Tuscany, Italy, on[Read More…]
Jaitley in Singapore: Lists GST, note ban as major reforms
Finance Minister Arun Jaitley has urged Singaporean businesses to invest in India, highlighting the country as one of the largest FDI recipients with the government undertaking major structural reforms, including Aadhaar, GST and demonetisation. “India has become the most favourable and attractive destination for Foreign Direct Investment (FDI),” Jaitley said[Read More…]
Note ban was to change the way India spends: Jaitley
Mounting a powerful defence of the demonetisation measure designed to curb black money, Finance Minister Arun Jaitley on Tuesday said that as a disruptor of the status quo ante the note ban, along with other measures taken, has set in motion a process of changing the manner in which India[Read More…]
Finance minister always makes loud claims, says CPI
The leader of Communist Party of India, Atul Anjan on Wednesday slammed finance minister, Arun Jaitley over his economic policy speech and asked the government about the results of Goods and Service tax (GST). “Finance Minister is all the time making loud claims and what is the result? We have[Read More…]
Arvind Subramanian to continue as CEA for another year
Finance minister, Arun Jaitley, on Saturday extended the tenure of Chief Economic Advisor, Arvind Subramanian, for another year. His term was supposed to end in October. Subramanian took over as CEA on 16 October 2014 for a period of three years. Now, his term will end in October next year.[Read More…]
Nirmala Sitharaman takes charge as Defence Minister today
Nirmala Sitharaman took over charge as defence minister of the country on Thursday in the presence of finance minister, Arun Jaitley who was present there to hand over the baton. Now, Sitharaman has becomes the first full-time female defence minister. “My first job is to ensure that interest of soldiers[Read More…]
Tejashwi Yadav hits JD(U)-BJP govt over Srijan scam; demands CBI probe
Bihar’s leader of opposition, Tejashwi Yadav on Thursday demanded a CBI probe into the Rs 1,000 crore Srijan scam. In the scam, the government funds were transferred to private accounts amid 2005 and 2013. BJP leader, Sushil Kumar Modi was the state’s finance minister then. “It is high time that[Read More…]
Demonetisation squeezed terror funding claims Arun Jaitley
Finance Minister, Arun Jaitley, on Tuesday, said that terror funding has been “squeezed” due to demonetisation. He added that the number of stone throwers in Jammu and Kashmir has gone down in last few months as a result of it. “In 2008 to 2010 we saw thousands of stone pelters[Read More…]