Defence Minister Arun Jaitley on Friday claimed that Indian armed forces are prepared to face any eventuality. “Our defence forces are ready to take on any eventuality,” he said without making any specific references. Notably, responding to reports of troop movements in Tibet by China amid the on-going Doklam standoff[Read More…]
Tag: Arun Jaitley
Rajya Sabha bids farewell to vice president Hamid Ansari
As outgoing Vice-President Hamid Ansari finishes his tenure, the Rajya Sabha on Thursday heaped lavish praises on Chairman Ansari. With Ansari leaving the office after a decade, Prime Minister Narendra Modi and other senior members lauded him for upholding constitutional norms. Praising Vice President Ansari, Modi said the Chairman did[Read More…]
Two types of ₹500 notes: Congress alleges BJP of ‘biggest scam of the century’
The Congress party backed by TMC and JD(U), on Tuesday forced four adjournments of the proceedings in the Rajya Sabha over what it called as “biggest scam of this century” in the printing of two different kinds of 500 and 1000 rupee notes. Opposition Congress members thronged into the well[Read More…]
Congress questions timing of IT dept raid at Karnataka minister’s residence
Blaming the NDA government of misusing state agencies, the Opposition on Wednesday raised the income-tax raids against Karnataka minister, DK Shivakumar in Rajya Sabha on Wednesday. A series of investigations were conducted at a Bengaluru resort where 42 MLAs from Gujarat are staying since 30 July and the properties of[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…]
No more printing of Rs 2000 notes by Reserve Bank of India
It is reported that The Reserve Bank of India stopped printing Rs 2000 notes in March this year. The federal bank is also not likely to print any more Rs 2,000 notes in the current financial year. The RBI, meanwhile, has shifted its focus on printing the newly approved denomination of[Read More…]
Respect for cows no reason for violence: Arun Jaitley
As cow protection manifests itself into violence, the finance minister, Arun Jaitley on Thursday stressed the government’s commitment to cracking down on cow vigilantes in Lok Sabha. He further dealt at length on the constitutional obligation for cow protection and how it was formulated under Jawaharlal Nehru even though he[Read More…]
Finance Minister Arun Jaitley launches Aaykar Setu in Delhi
On Monday, Union Finance Minister, Arun Jaitley, launched “Aaykar Setu”, a new Income Tax payer e-service module in New Delhi. Speaking at the event, Jaitley quoted the new e-service technology as a ‘great enabler’. He added that this application will reduce the physical interface between assessees and the tax assessing[Read More…]
Delhi HC issues notice to Arun Jaitley in DDCA case
The Delhi High Court on Friday issued a notice to Union Finance Minister, Arun Jaitley, in connection to the application filed by Delhi Chief Minister Arvind Kejriwal in the DDCA case. Kejriwal, in his application, has asked for copies of the meeting of executive committee of DDCA from 1999 to[Read More…]
Finance Ministry slams fake reports stating churches, mosques are exempt from GST
As GST rolled out this month, rumours were doing rounds on social media stating that the churches and mosques have been exempted from GST. The Finance Ministry made it clear that they are encouraging no religious distinction under the Goods and Service Tax. The rumours which could strike a religious[Read More…]
Corruption in politics due to electoral funding mechanism: Arun Jaitley
Finance Minister Arun Jaitley said that cleansing political funding is a “big challenge” but the government is working on the electoral bonds mechanism announced in Budget to end corruption. He further added that people used to say that if corruption is to be annihilated from the country, then the exercise[Read More…]
India of 2017 is different from India of 1962, says Arun Jaitley on China’s threat
A day after China asked India to learn from its 1962 military debacle, Defense Minister Arun Jaitley on Friday slammed the neighboring country saying, India of 2017 is different from the India of 1962. “If they are trying to remind us, the situation in 1962 was different, the India of[Read More…]
7th Pay Commission: Union Cabinet approves hike in allowances
On Wednesday, the Union cabinet approved the new allowance structure for central government and defence staffers. It will give their pay cheques a significant bump from next month. This comes as a part of the 7th pay commission. The biggest jump in the salaries will be seen in the hike[Read More…]
Cabinet clears privatisation of debt-ridden Air India
The Union Cabinet gave an in-principle approval for disinvestment of the government-run airline. Union Finance Minister Arun Jaitley said, “In-principle approval for Air India divestment has been given.” Besides, “The Civil Aviation Ministry’s proposal for the formation of a group under the chairmanship of the Finance Minister to decide the[Read More…]
States giving loan waivers to farmers should arrange funds on their own: Arun Jaitley
Soon after the Maharashtra government announced a loan waiver for farmers, Finance Minister Arun Jaitley has said that states that want to waive off loans should arrange funds on their own. After the widespread farmers’ agitation, the Maharashtra government announced a loan waiver and decided to form a committee to[Read More…]
Amit Shah constitutes three-member committee for deciding presidential candidate
On Monday, BJP president Amit Shah constituted a three-member committee, which will reach out to the other political parties for a consensus over the alliance’s candidate for the upcoming presidential polls. The three members include Union Ministers Rajnath Singh, Arun Jaitley and M. Venkaiah Naidu. The last date for nominations[Read More…]
Tax rates of 66 items revised under GST
After the 16th GST Council meet, Finance Minister, Arun Jaitley announced the revised rates of 66 items as against representations received for 133 items. After a press meet, Arun Jaitley addressed to the media and said that the new revisions have been made after getting feedback from the industry players. He[Read More…]
FY17 started even before demonetisation, says Arun Jaitley on slowdown of GDP
Finance Minister Arun Jaitley indicated that it may take long for the people to know the actual deposits received in old notes post-demonetization. However, he said that there can be no deadline as the RBI has to count deposits in the range of Rs 14-15 lakh crore. “Let us be[Read More…]
PM Modi reviews GST progress ahead of July 1 roll-out
On Monday, Prime Minister Narendra Modi, in view of the Goods and Services Tax (GST) said that the roll-out of the new indirect tax regime from July 1 will be a turning point for the economy. Notably, this was the first PM’s review on the freshly finalised rates by the[Read More…]
‘We have restored credibility of the economy’, says Arun Jaitley
On completion of NDA government’s three years in power, Finance Minister Arun Jaitley briefed the media in New Delhi on Thursday. He claimed to have “restored the credibility of the economy”, adding that, “We have shown decisiveness, even the ability to take difficult decisions.” He said the government has taken[Read More…]
83 services exempted from GST
The Goods and Services (GST) Council agreed on the fitment of almost every commodity in the various tax slabs under the new tax regime, which will be rolled out on July 1. Milk, cereals (unpackaged and unbranded), and jaggery will be exempt from GST, while sugar, tea, coffee (except instant),[Read More…]
GST rates of 1,211 items decided; food grains exempted from levy
The Goods and service council on Thursday decided the GST rates for 1,211 items, a majority kept at 18%, though the rates on gold and beedi remained undecided. The Centre also chose to lower the incidence of tax on mass-use items to ensure that prices come down in the new[Read More…]
Tax evasion no longer easy: Arun Jaitley
Union Finance Minister Arun Jaitley said that it is no longer safe to deal with excessive cash and its evasion, while launching “Operation Clean Money”on Tuesday. Jaitley also stated that personal income tax filing has gone up after demonetisation and as many as 91 lakh people have come under the[Read More…]
Shame for Indian soldiers to be ‘killed in our own territory’: Mulayam slams Jaitley
Samajwadi Party chief Mulayam Singh Yadav lashed out at Defence Minister Arun Jaitley on Thursday saying that, it was a shame for Indian soldiers to be “killed in our own territory.” His statement comes following soldiers being killed and mutilated by Pakistan’s Border Action Team (BAT) in Krishna Ghati. The[Read More…]
Who will be the next Raksha Mantri: Arun Jaitley or Sushil Modi?
The search for a full-time Defence Minister is on, at a war footing. Names of Arun Jaitley and Sushil Kumar Modi are doing the rounds in the top echelons of power. A top source in the government told Newsd that shifting Arun Jaitley as a full time Defence Minister and[Read More…]