Tag: Finance Minister Arun Jaitley

Bhubaneswar/New Delhi: The Narendra Modi-led BJP government, on Tuesday, increased dearness allowance (DA) and dearness relief (DR) from 4 per cent to 5 per cent for 1.1 crore Central government employees. The Centre has taken the decision in a meeting chaired by Prime Minister Narendra Modi in the national capital. “Release of additional installment of […]

New Delhi: Finance Minister Arun Jaitley, who left for the US for medical treatment, has been diagnosed with a rare kind of cancer and may not be able to present this years Interim Budget on February 1, sources said. Jaitley had left for the US on Sunday for what was believed to be a medical […]

Bhopal: Finance Minister Arun Jaitley on Saturday flayed the Andhra Pradesh and West Bengal governments for withdrawing “general consent” to the CBI for raids and investigations in their states saying scams cannot be wiped off by such a decision. “We have a federal structure and under it the CBI was created initially for employees of […]

London/New Delhi: Fugitive business tycoon Vijay Mallya, wanted in India for his alleged role in a multi-crore bank loan fraud case, on Wednesday sought to drag Finance Minister Arun Jaitley into controversy by claiming that he met him before he left the country in 2016, which the minister called “factually false”. Mallya, who talked to […]

New Delhi: Finance Minister Arun Jaitley on Saturday said the government’s move to recapitalize public sector banks (PSB) would improve their lending capacity. “I think the indications are that it’s (credit off-take) already happening and that seems to be good sign and now with the recapitalisation of the banks, the capacity itself to lend will […]

New Delhi: In a bid to protect domestic smartphone manufacturers, Finance Minister Arun Jaitley on Thursday hiked customs duty on mobile phones to 20 per cent from 15 per cent — a move that will force foreign players to pass on the burden to consumers. “Customs duty on import of mobile phone parts will be […]

New Delhi: Stressing on boosting the safety aspect of Railways and its carrying capacity, Finance Minister Arun Jaitley on Thursday announced the largest-ever allocation of Rs 1.48 lakh crore capital expenditure for the Indian Railways in 2018-19. “Railways capex for 2018-19 has been pegged at Rs 1,48,528 crore,” Jaitley said in his Budget speech. The […]

New Delhi: Terming it as the world’s largest government funded healthcare programme, Finance Minister Arun Jaitley on Thursday announced the National Health Protection Scheme under which Rs 5 lakh cover will be provided a year to 10 crore poor and vulnerable families in the country. “We are now launching a flagship national health protection scheme […]

New Delhi: Terming it a “positive budget”, NITI Aayog Vice Chairman Rajiv Kumar on Thursday said the 2018-19 Union Budget laid the foundation for achieving an eight per cent GDP growth rate by addressing the biggest challenges of transforming the agriculture sector and generating employment. “It is indeed a positive budget… Not only did the […]

New Delhi: Finance Minister Arun Jaitley on Thursday proposed to hike the divestment target for 2018-19 by over 10 per cent to Rs 80,000 crore. “2017-18 Budget Estimates for disinvestment were pegged at the highest ever level of Rs 72,500 crore. I am happy to inform the house that we have already exceeded the budget […]

New Delhi: In line with the BJP’s poll promise before the 2014 general elections, Finance Minister Arun Jaitley on Thursday announced that the Minimum Support Price (MSP) for notified kharif crops would be 1.5 times the input cost along with formation of a concrete mechanism to ensure higher farm income. While presenting the Union Budget […]

New Delhi: The Economic Survey tabled by Finance Minister Arun Jaitley in the Parliament on Monday had a pink cover as it lay “special emphasis” on gender. A statement issued by the Ministry of Finance said the survey takes into account that gender equality is an “inherently multi-dimensional issue”. Assessments have been made based on […]

New Delhi: The last full Union Budget to be presented by Finance Minister Arun Jaitley in the forthcoming session of Parliament beginning on Monday will be unlike his previous four such exercises because of the complete overhaul of the indirect tax regime effected by implementing the Goods and Services Tax (GST) last year. The Budget, […]

New Delhi: Finance Minister Arun Jaitley said on Saturday the government has been creating “instrumentalities” like providing agricultural inputs at lower cost and making cheap credit available to farmers so as to double their income. Speaking at the opening ceremony of Asia-Pacific Rural and Agricultural Credit Forum here, Jaitley said the government is trying to […]

New Delhi:  An ordinance that bars wilful and habitual defaulters from bidding for stressed assets was promulgated on Thursday with tough provisions to prevent any attempts by them to regain control of companies in difficulty. President Ram Nath Kovind on Thursday signed the ordinance that amends the Insolvency and Banking Code (IBC) 2016 which was […]