Arun Jaitley was far more than an accomplished lawyer and many notches above his contemporaries in politics
Tag: Arun Jaitely
Former Finance Minister and senior BJP leader Arun Jaitley passes away
Jaitley was admitted in AIIMS on August 9 morning and was put on ventilator late in the night.
Assembly outcome won’t affect Lok Sabha polls: Jaitley
New Delhi: Dealt a severe blow by the Congress in the Hindi heartland states of Madhya Pradesh, Chhattisgarh and Rajasthan, Finance Minister Arun Jaitley on Thursday said the outcome would have no bearing on the Lok Sabha elections next year. He said the 2019 general election would be on a[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…]
One year of GST: Long way to go for a simple, uniform tax regime
New Delhi: Touted as the biggest economic reform since Independence, the Goods and Services Tax (GST) was supposed to replace the complex indirect tax system prevalent in the country with a more simplified, uniform regime. As its roll-out completes one year on June 30, it can be argued that while[Read More…]
Butterfinger Policy Making: striking parallels between demonetisation and surgical strike
Without any further ado, let us all acknowledge that India is going through a socio-political transition that has caught the nation off guard. Narendra Modi is a far from reticent PM; he continues to be a full-time BJP karyakartha, who actively participates in electoral enterprise and crafts his governance in[Read More…]
Government waives penalty for late filing of GST returns
In a relief to GST taxpayers, the government on Tuesday waived the penalty for filing late returns for the months of August and September, and the money already paid as a penalty will be credited back to businesses. “To facilitate taxpayers, late fee on filing of GSTR-3B for August and[Read More…]
GST rates for gold and textiles fixed; roll out from 1st July
A meeting of the 15th Goods and Services Tax (GST) Council began at the Vigyan Bhavan, Delhi, on Saturday to finalise the taxes to be levied on Six commodities, including, gold, textiles, footwear, agriculture, handloom and handicrafts. Here are the highlights: Rate for gold, gems and jewellery fixed at 3%[Read More…]
Jaitley slams Kejriwal for ‘misrepresenting changes in taxation law’
Finance Minister Arun Jaitley on Wednesday took Delhi chief minister Arvind Kejriwal to task for “factually misrepresenting changes in the tax law” and asserted that there will still be a penalty of 200% for misreporting income under Section 270A of the Income Tax Act. Jaitley made this clarification on Twitter,[Read More…]
Demonetisation: 50 per cent tax on unaccounted deposits, 85 per cent if caught
Intensifying its black money hunt, the government tabled a Bill to amend the Income Tax Act in the Lok Sabha on Monday to impose more tax, penalty and surcharge on deposits made after the demonetisation drive was launched nearly three weeks ago. The amendments provide a window to black money[Read More…]
Finance Minister commemorates 140 years of BSE, unveils plans of dealing in commodity derivative segment
Finance Minister Arun Jaitley released a postage stamp to commemorate 140 years of India’s first stock exchange, the BSE today in Delhi. Addressing the gathering Jaitley said that BSE was formed as an immediate need for the Indian economy and was an important step towards industrialization. He further added that[Read More…]