Tag: Arun Jaitley

New Delhi: A day after the rupee fell to its record low, Union Minister Arun Jaitley said on Wednesday that India holds sufficient foreign exchange reserves to mitigate any undue volatility in the foreign exchange market. Geo-political pressures, along with outflows of foreign funds and high crude oil prices dragged the Indian rupee to its […]

New Delhi: Attacking Congress President Rahul Gandhi as a leader with “inherent and inbuilt limitations”, Union Minister Arun Jaitley on Tuesday accused his party of manufacturing a controversy around Rafale deal by creating “fake issues”. He also accused the Congress of engaging in an implied battle with the Federal Front in order to reclaim the […]

New Delhi: Amidst reports of a cash crunch and empty ATMs, Finance Minister Arun Jaitley on Tuesday sought to allay fears, saying “there is more than adequate currency in circulation”, even as the government blamed “unusual demand” for shortages in some areas. In a bid to tackle the “unusual” currency demand, the government has also […]

New Delhi: Union Finance Minister Arun Jaitley, who has been admitted to All India Institute of Medical Sciences (AIIMS) for kidney transplant, was kept under observation on Saturday and the surgery may be done either on Sunday or Monday, hospital officials said. “He was kept under observation today (Saturday). The kidney transplant may be carried […]

New Delhi: Finance Minister Arun Jaitley is suffering from some kidney related problems and is set to undergo kidney transplant this weekend. A senior AIIMS official told IANS that all paperwork and other formalities for the kidney transplant have been completed and the surgery would happen sometime this weekend. “He came to the hospital at […]

New Delhi: Finance Minister Arun Jaitley on Tuesday said demonetisation and the Goods and Services Tax (GST) led to higher formalisation of economy resulting in higher direct tax revenue and greater number of income tax return filings. “The impact of demonetisation and GST implementation has resulted into higher formalisation of economy. This is further substantiated […]

New Delhi: As the country struggles to bring back the main accused of multi-crore fraud committed in Punjab National Bank — diamond trader Nirav Modi and his uncle Mehul Choksi owner of Gitanjali Gems — the Cabinet on Thursday approved Fugitive Economic Offenders Bill 2018, which would facilitate action against such offenders. Finance Minister Arun […]

New Delhi: Sounding a note of caution on the inflationary impact of rising global crude oil prices ahead of the RBI’s final monetary policy review of the fiscal, Finance Minister Arun Jaitley on Monday said that lowering interest rates is a decision entirely in the domain of banks. In an interview to a private channel […]

New Delhi: In a rebuttal of the criticism of Budget 2018-19 pandering to the farm sector in a pre-election year at the expense of the middle class and the corporate sector, Finance Minister Arun Jaitley on Friday showed how his latest budget exercise is actually designed to boost overall economic growth with the help of […]

New Delhi: A “major” initiative to boost research with a budget of Rs 1 lakh crore in four years, Eklayva Model boarding schools in tribal majority areas, and Prime Minister Fellowship for B.Techs, were the highlights in the education sector of the Budget proposals presented by Finance Minister Arun Jaitley on Thursday. “To set-up investment […]

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: Finance Minister Arun Jaitley on Sunday said that most political parties are “fairly satisfied” with the present system of political funding and would not like to move on to a transparent system such as electoral bonds. “India has not been able to evolve a transparent political funding system…Most political groups seem fairly satisfied […]

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: Union Finance Minister Arun Jaitley today said that US credit rating agency Moody’s upgrading India’s sovereign rating was an extremely encouraging international recognition of the structural reforms undertaken by the government including demonetisation, GST and recapitalization of public sector banks. “It is a belated recognition of all the positive steps taken in the last […]

New Delhi: Trying to grapple with the economic slowdown, the government on Thursday appeared to keep the option of a stimulus package open, even as it is set to hike the capital expenditure by PSUs by Rs 25,000 crore over and above the budgeted Rs 3.85 lakh crore for the current fiscal. This emerged after […]