Tag: Finance Minister

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 […]

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 […]

Washington: The vexed issue of restrictions on American H-1B visas has been taken up with the US administration by Finance Minister Arun Jaitley during his ongoing visit to the US, an Indian official said on Friday. The issue was raised by Jaitley at his meeting here on Thursday with AUS Commerce Secretary Wilbur Ross, an […]

New Delhi: The Reserve Bank of India (RBI) is still calculating and taking stock of the currency that was returned to banks post demonetisation, Finance Minister Arun Jaitley said on Tuesday. In response to a question by Samajwadi Party leader Naresh Agarwal in the Rajya Sabha, Jaitley said that the RBI was taking stock of […]

New Delhi: Finance Minister Arun Jaitley on Friday said post the November 8 demonetisation, around 18 lakh bank accounts have been found where the amount deposited does not match with the income profile of the account holder. Replying to questions in the Lok Sabha on Friday, Jaitley said data mining was used to find such […]

New Delhi: Finance Minister Arun Jaitley on Wednesday moved four GST Bills simultaneously for consideration and passage in the Lok Sabha. “The four bills are being taken together because the matter of the bills are same,” Jaitley said while introducing the bills. “Before the constitutional amendment, under the indirect tax regime, the Centre had the […]

Bhubaneswar: The Odisha government has failed to collect about Rs 2,754.20 crore in revenue from the industrial units operating in the state, the Odisha Finance Minister said on Monday. “Since cases are still sub judice in different courts, the government has not been to recover the arrears,” Finance Minister Pradip Kumar Amat told the state […]

New Delhi/Bhubaneswar: Much has been said about the further hike in minimum pay of the Central government employees beyond the 7th Pay Commission recommendations. While all are expecting these rumours to turn into reality, there’s good news making rounds that the Narendra Modi-led NDA government is in close-doors discussions over the hike. As per reports, […]

New Delhi/Bhubaneswar: Further hike of Rs 8,000 in minimum pay- a demand that the lakhs of Central government employees have been pushing forward since the day of implementation of the recommendations of the 7th Pay Commission. However, the government is yet to take any major step in this regard. The present minimum pay is Rs […]

Since the day recommendations of the 7th Pay Commission were announced, Central government employees have been demanding for further hike in the minimum pay. The CG employees feel that the recommendation of the commission is not enough and it has no impact on their financial stability. Rumours related to the matter have been making rounds- […]

New Delhi/Bhubaneswar: Is good news on the cards for lakhs of Central government employees? Will the NDA government increase the minimum pay of the employees? When will the Centre fulfill the demand of the 50 lakh employees? Of course, these questions are in the mind of all and rumours have been making the rounds since […]