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Tag: Finance Minister Arun Jaitley

Nehru committed original mistake on Kashmir, China: BJP

New Delhi: Under attack from the Congress for its failure to yet again designate JeM chief Masood Azhar as a global terrorist, the government fielded Finance Minister Arun Jaitley for its defence who alleged that the original mistake, not only on Kashmir but also on China, was committed by Jawaharlal Nehru. Jaitley’s remarks came soon […]

Imran Khan's remarks on Pulwama attack shallow, diversionary: Jaitley

New Delhi: Finance Minister Arun Jaitley said here on Tuesday Pakistan Prime Minister Imran Khans demand for actionable intelligence on the Pulwama attack was a “diversionary” and “shallow” statement as the origin of crime was known and Indian security forces were confident of dealing with the situation. After a meeting of the cabinet, he said […]

Jaitley diagnosed with rare cancer

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 […]

Finance Minister Arun Jaitley flays Andhra, Bengal on CBI move

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 […]

Mallya says met Jaitley before leaving India, Minister rejects his claim

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 […]

7th pay commission latest news pay hike announced
Op-Ed: Why I Would Not Trust ‘Swaminomics’ Anymore

Days after Prime Minister Narendra Modi announced demonetization of currency notes of Rs. 500 and Rs. 1, 000 denomination, I remember reading ‘Swaminomics’, Swaminathan S Ankleasria Aiyar’s weekly column in The Sunday Times of India, where the veteran journalist had estimated that about Rs. 3 lakh crore out of the nearly Rs. 16 lakh circulating […]

7th Pay Commission: 'DA hike an eyewash, Modi govt cheats again'

New Delhi/Bhubaneswar: “The Narendra Modi government was to increase our minimum salary but instead of taking a decision in this regard, it tricked us again by increasing the Dearness Allowance (DA),” alleged a Central government employee on the condition of anonymity. The government employees had been expecting the Centre to announce something related to the […]

Bank recapitalisation will boost lending: Arun Jaitley

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 […]

Customs duty hike on mobile phones set to hurt consumers

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 […]

Railways get largest-ever allocation of Rs 1.48 lakh crore

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 […]

Ayushman Bharat, World's biggest health care scheme

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 […]

'Positive' budget lays foundation for 8% growth: NITI Aayog

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 […]

Divestment target hiked by over 10% to Rs 80,000 cr in 2018-19

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 […]

MSP for kharif crops to be 1.5 times input cost: FM

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 […]

Economic Survey's cover Pink for gender issues

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 […]

Jaitley's last full Budget to be different due to GST

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, […]

Modi govt creating facilities to double farmers income

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 […]

President approves bankruptcy code ordinance

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 […]

Arun Jaitley
Jaitley urges US to reform H1-B/L1 visa processes

Washington: Finance Minister Arun Jaitley has made a strong case for reforms in the H1-B/L1 visa processes during bilateral talks with senior US administration officials, even as he underlined the need to understand the global spillovers of domestic policy actions at a meeting here with G-20 Finance Ministers. “Jaitley made a strong case for reforms […]

Measures to ease traders' GST worries in offing

New Delhi: Some measures to ease the difficulties being faced by traders owing to GST are likely to be announced after the GST Council’s meeting on Friday after Prime Minister Narendra Modi met Finance Minister Arun Jaitley and BJP President Amit Shah here and discussed the state of the economy and steps to revive growth. […]

Arun Jaitley
Government working towards getting back earlier growth rate

Mumbai: Finance Minister Arun Jaitley on Friday said the government was working towards getting back the earlier growth rate numbers of the country and was fully prepared for a “responsive action”. Jaitley’s clarification came amid reports of the government planning a financial stimulus to give a boost to the economy as the GDP numbers in […]

7th pay commission salary hike and promotion
7th Pay Commission: Centre hikes DA to 5% for govt employees, pensioners

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 […]

7th pay commission
7th Pay Commission: NAC soon to decide on basic pay for Central govt employees

The Central government employees are likely to get hike in basic pay as the National Anomaly Committee (NAC) is likely to meet soon to take a final decision on increasing the basic pay to Rs 21,000 from the recommended Rs 18,000 under the 7th Central Pay Commission (CPC). The committee, which was formed in September […]

Arun Jaitley
21st century belongs to Asia, Africa: Arun Jaitley

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 […]

Parliament passes Finance Bill, Rajya Sabha amendments rejected

New Delhi: The Finance Bill 2017 was passed by Parliament on Thursday with the Lok Sabha rejecting the amendments proposed by the Rajya Sabha. The Bill, being a Money Bill, will now go to the President for approval before becoming law. Since the Lok Sabha did not accept any of the recommendations of the Rajya […]