Tag: Finance Minister

New Delhi: Finance Minister Arun Jaitley on Wednesday launched a no-holds-barred attack on Congress President Rahul Gandhi and his family and said he understood only the arithmetic of money and not issues related to national security. Intervening in a debate on the controversial Rafale fighter jet deal in the Lok Sabha, he said it was […]

New Delhi: Finance Minister Arun Jaitley on Monday hit out at the Congress, accusing it of “killing” the CBI in the Sohrabuddin Sheikh-Tulsiram Prajapati and Kausar Bi’s alleged encounter killing case. He also said the principal Opposition party, which has been raising concerns over institutional independence, needs “serious introspection”. “This is an irrefutable evidence of […]

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: 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: 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: Finance Minister Arun Jaitley on Friday parried questions on whether the government was considering a cut in taxes on imported crude to bring down the prices of petrol and diesel. “It was not in the agenda,” he said at a media briefing to a question on whether the government was considering any relief […]

New Delhi: Finance Minister Arun Jaitley on Saturday said Swachh Bharat Abhiyan (SBM) has become a “people’s movement” with a large participation of women, noting that the decision to hike compensation will benefit around 25 lakh Anganwadi workers and their families. The Minister said SBM has witnessed a “phenomenal increase” in rural sanitation from 39 […]

New Delhi: Congress President Rahul Gandhi on Thursday demanded Finance Minister Arun Jaitely’s resignation after accusing him of colluding with fugitive businessman Vijay Mallya “and giving him a free passage” to flee the country. Addressing the media at the Congress headquarters here, Gandhi asked why the Minister did not inform the investigating agencies about Mallya’s […]

New Delhi: The CBI on Friday got a court permission to question Karti Chidambaram for three more days even as the Delhi High Court gave him interim protection from being arrested by the Enforcement Directorate in a case relating to alleged kickbacks in getting foreign investment clearances to private companies when his father P. Chidambaram […]

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 […]