Tag: Arun Jaitley

New Delhi: Finance Minister Arun Jaitley on Monday hinted that the country may eventually have a single standard rate of GST through merging of 12 and 18 per cent slabs, adding that the 28 per cent slab will soon be phased out, except in case of luxury and “sin goods”. He said the country should […]

New Delhi: The Goods and Services Tax (GST) Council on Saturday decided to form a seven-member Group of Ministers (GoM) to study anomalies in tax collection in some of the states which showed wide deviation from what was expected. “The Council has approved the proposal to form a seven-member GoM to study the revenue trend, […]

New Delhi: India’s bankrupt companies offer a never-before opportunity to the global investors to ride the country’s exceptional growth trajectory, thanks to the Insolvency and Bankruptcy Code (IBC), Finance Minister Arun Jaitley said. “Given the future potential of the Indian economy and the fair process followed under the Code, it is a great opportunity for […]

New Delhi: Union Finance Minister Arun Jaitley on Thursday said the Centre and state governments need to come together for providing better healthcare to the people and proper utilisation of resources. “We are running the Ayushman Bharat scheme while the states also have their own schemes. The Centre and the states need to merge the […]

New Delhi: The Centre on Monday approved Rs 546.21 crore additional assistance to Karnataka which has experienced floods and landslides during 2018, a Home Ministry statement said. The decision was taken in a High Level Committee (HLC) meeting chaired by Union Home Minister Rajnath Singh here. “The HLC approved the additional assistance from National Disaster […]

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 […]

New Delhi: Rejecting the criticism that the government was curtailing free speech, Finance Minister Arun Jaitley on Friday said that it was not possible to impose Emergency-like restrictions on press freedom thanks to modern technology that provides multiple platforms to citizens to express their views. Speaking at an event on the occasion of the National […]

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, it is importanat that the […]

New Delhi: Revenue collections under the Goods and Services Tax (GST) crossed the Rs 1 lakh crore mark in October, Finance Minister Arun Jaitley said on Thursday. This was a marked improvement over the September GST collection (for August) which stood at Rs 94,442 crore. Jaitley attributed the rise in the tax mop-up to lower tax […]

New Delhi: Finance Minister Arun Jaitley on Tuesday held the central bank responsible for the mountain of bad loans, saying the Reserve Bank looked the other way when banks lent indiscriminately during 2008-14 to keep the economy humming. Jaitley’s comments reflect a growing tension between the RBI and the government, days after the central bank […]

New Delhi: Asserting the importance of banking as Indian economy gets more formalised, Finance Minister Arun Jaitley on Saturday said the regulator and the government need to be on their toes for quick action without exaggerating the emerging challenges. “When challenges come, we have a tendency to exaggerate them at times but then the banks, […]

New Delhi: Government on Wednesday rejected as “rubbish” opposition allegations that CBI Director Alok Verma was removed because he was going to order a probe into the charges in the Rafale deal ” and said the step was taken on the recommendation of the CVC to maintain the institutional integrity of the probe agency. Answering […]

New Delhi: Attacking the opposition parties over their stance on the high oil prices, Finance Minister Arun Jaitley on Saturday accused Congress President Rahul Gandhi and his “reluctant allies” of only committing to tweets and media statements on the issue while looking the other way when it came to giving relief to people. Accusing the […]

New Delhi: Union Minister Arun Jaitley on Saturday expressed his disagreement with the Supreme Court’s observation that sexuality is part of free speech and said that judgements on the Sabarimala temple, homosexuality and adultery may have an adverse impact on the society. “If you want to take a progressive step, then Article 14 and 21 […]

New Delhi: Expressing satisfaction with GST collection trends, the government on Friday said the states were on the path of meeting their revenue targets by themselves, thereby not needing compensation from the Centre after the five-year period of its implementation. After a GST Council meeting here, Finance Minister Arun Jaitley said the emerging trend in […]