Tag: Finance Minister

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 […]

New Delhi:  A high-level meeting chaired by Finance Minister Arun Jaitley got underway here on Tuesday evening to review the economic situation and discuss measures, including a possible stimulus package, to be taken amidst an economic slowdown. The meeting is being attended by, among others, Railway Minister Piyush Goyal, Commerce Minister Suresh Prabhu, Chief Economic […]

New Delhi: Increase in volume of digital transactions, widening of tax base and squeezed circulation of high denomination currency were the real measures of success of demonetisation, Finance Minister Arun Jaitley said on Monday. The success of the November 2016 note ban came under attack after the Reserve Bank of India revealed that almost 99 per […]

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, […]

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 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 […]