Tag: Arun Jaitley

New Delhi: The Centre is fully for bringing petroleum products under GST scheduled for implementing from July 1, and the GST Council will require to take a decision on taxing these as per the new indirect tax regime, Finance Minister Arun Jaitley said on Friday. “As was decided by the Empowered Commitee (EC) of states’ […]

New Delhi: The Union cabinet on Wednesday gave in-principle approval for Air India’s stake divestment, Finance Minister Arun Jaitley said here. “In-principle approval for Air India divestment has been given,” the minister said at a press briefing after the Union cabinet met here. “The Civil Aviation Ministry’s proposal for formation of a group under the […]

New Delhi:The Goods and Services Tax (GST) regime will be launched on the midnight of June 30 at the Central Hall of Parliament, Finance Minister Arun Jaitley announced on Tuesday. President Pranab Mukherjee, Vice President Hamid Ansari, Prime Minister Narendra Modi and former Prime Minister Manmohan Singh will be among those who will attend the […]

New Delhi: The Goods and Services Tax (GST) Council at its 16th meeting here on Sunday revised the rates of 66 items out of the 133 for which representations had been received seeking change from the fitments originally made in the four-slab indirect tax structure, Union Finance Minister Arun Jaitley said. Following the 15th meeting of […]

New Delhi: The GST Council on Saturday completed the exercise of bringing all items under a 4-slab tax structure with gold to be taxed at 3 per cent, ending the suspense on the item dear to Indians, even as all states barring West Bengal agreed on the rollout of the new indirect tax regime on […]

New Delhi: Union Finance Minister Arun Jaitley on Friday launched a mobile-friendly common landing webpage of the Ministry of Finance (www.finmin.nic.in) to provide a single-point access to all websites of five departments under the ministry. “The website is mobile format friendly across all platforms viz. Android, Windows, and iOS. The new website also has features of […]

Gandhinagar: The 21st century will not only belong to Asia but also to Africa, hence India and Africa should navigate the journey together to shape their common future, Finance Minister Arun Jaitley said on Tuesday. Addressing the 52nd annual meeting of the African Development Bank here, Jaitley said while India has been a bright spot […]

New Delhi: The number of tax slabs should be reduced to one to two over a period of time, a top Goods and Services Tax (GST) Council official said on Monday. “Over a period of time, our aim should be to reduce the number of tax slabs to 1-2,” Arun Goyal, Additional Secretary, GST Council […]

Srinagar: Foodgrains, cereals and milk will cost less from July 1 when the Goods and Services Tax (GST) is rolled out as the GST Council today decided to exempt these daily-use commodities from the levy. Common use products like hair oil, soaps and toothpaste will be charged with a single national sales tax or GST […]

New Delhi: In a bid to deal with economic offenders like liquor baron Vijay Mallya, who flee the country to escape the legal process, the government on Thursday said it has prepared a draft legislation to enable confiscation of their assets. The draft law — Fugitive Economic Offenders Bill, 2017 — has been prepared and […]

Srinagar: The crucial 14th Goods and Services Tax (GST) Council meeting to finalise tax slabs on services and commodities in the country started here on Thursday. Chaired by Union Finance Minister Arun Jaitley, this is the first time that such an important national policy-making meet is being held in Jammu and Kashmir. Finance Ministers, Finance […]

New Delhi: The Union Finance Ministry has paid over Rs 1 lakh crore to the beneficiaries of the various social schemes under the Direct Benefit Transfer during the last three years, an official statement said on Monday. “Rs 1,02,786.77 crore has been paid through the public financial management system to the beneficiaries of the various […]

Srinagar: Militants abducted and killed a 22-year-old Kashmiri Army officer when he had gone to attend a family wedding in Shopian district, officials said on Wednesday. Defence Minister Arun Jaitley has called it an act of cowardice and the Army has vowed to bring those responsible to justice. The bullet-riddled body of Lieutenant Ummer Faiyaz, […]

Yokohama: Finance Minister Arun Jaitley on Saturday urged the Asian Development Bank (ADB) to set up a regional hub for South Asia in New Delhi so that the majority of proposals could be processed speedily. Addressing the ADB Board of Governors here, Jaitley said there was need to look at processes and procedures for which […]

New Delhi: The ICICI Group on Tuesday said it has made 100 villages digitally-enabled in 2017 while planning to transform another 500 by the year-end. Finance Minister Arun Jaitley while inaugurating the 100 ICICI digital villages here said: “The ICICI initiative should be followed by other banks in rural areas.” ICICI Bank MD and CEO […]