Tag: Arun Jaitley

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 […]

New Delhi: Acknowledging that private investment was short in coming, Finance Minister Arun Jaitley on Thursday said that the government will come out with “appropriate action” at the right time to boost the economy. “From day one, this is a proactive government. We are analysing the economic indicators and appropriate action will be taken at […]

New Delhi: The Union Cabinet on Wednesday decided that the Centre would surrender its 50 per cent stake in three ITDC hotels to the respective state governments, which would now have full authority over the redevelopment of these properties. “The Centre is withdrawing its 50 per cent ownership stake in these ITDC properties and hand them […]

New Delhi: Defending the jump in India’s wholesale price-indexed (WPI) inflation in August to 3.24 per cent, nearly double that of July, Union Finance Minister Arun Jaitley on Thursday said it was well below the target of 4 per cent. “During monsoon, there is a spike in vegetable prices. It is usually the highest level […]

New Delhi: Finance Minister Arun Jaitley on Wednesday said he was sure Aadhaar will stand the test of constitutionality as the Supreme Court’s decision on the legislation is still pending. “The legislation has been passed and I’m sure it will stand the test of constitutionality. Even while upholding the idea of privacy as an important constitutional […]

New Delhi: Finance Minister Arun Jaitley on Thursday said that he expected convergence of two Goods and Services Tax (GST) rates into one in the coming days, though ruling out a single rate of taxation under the new indirect tax regime. “I see two standard rates converging into one in future. The GST Council may decide […]

New Delhi: Denying that demonetisation failed to achieve its objectives, Finance Minister Arun Jaitley on Wednesday said the measure had succeeded in reducing cash in the economy, increasing digitisation, expanding the tax base, checking black money and in moving towards integrating the informal economy with the formal one. “The objective of demonetisation was that India is […]

Bengaluru: Defence Minister Arun Jaitley on Saturday unveiled the third line of metro manufacturing facility of the state-run Bharat Earth Movers Ltd (BEML) here to ramp up its production to meet the demand for more such cars. “The third line will enable the company to increase production capacity to 27 cars from 18 per month […]

New Delhi: The government on Wednesday hiked the creamy layer ceiling for the Other Backward Classes to Rs 8 lakh per annum from the existing Rs 6 lakh for central government jobs, Union Finance Minister Arun Jaitley announced. Those in the OBC category earning upto Rs 8 lakh annually will now be included in reservation benefits.

New Delhi: Former Finance Minister P. Chidambaram on Saturday said the economic slowdown is real as stated by the government’s Chief Economic Advisor Arvind Subramanian and asked whether Prime Minister Narendra Modi and Finance Minister Arun Jaitley believed him. “Economic slowdown is real. CEA says so. Will PM and FM believe him,” Chidambaram asked in […]

New Delhi: Finance Minister Arun Jaitley on Monday introduced a bill under which the Centre may authorise the Reserve Bank of India to direct banks to initiate recovery proceedings against loan defaulters. The Banking Regulation (Amendment) Bill will replace an ordinance that earlier enabled this. The recovery proceedings would be under the Insolvency and Bankruptcy Code, […]