Tag: Finance Minister

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 […]

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: 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: Lauding the upward movement of the GDP number for the second quarter of 2017-18, Finance Minister Arun Jaitley said the rise in growth after five quarters marks the reversal of the trend and the economy will witness high growth rates in the coming quarters. “Last five quarters have witnessed downward trend. The 6.3 […]

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: Targeting former Finance Minister Yashwant Sinha, BJP MP and President of the party’s Kisan Morcha Virendra Singh Mast on Thursday sought to know Sinha’s own achievements as the country’s Finance Minister. “The concerns Yashwant Sinha has raised (on NDA government’s economic policies) are baseless. He should remember his own terms as the country’s Finance […]