Tag: Finance Minister

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 […]

Mumbai: The GST implementation was a “monumental reform” which had disruptionist impact on growth only for two quarters, Finance Minister Arun Jaitley said Sunday, hitting out at “critics and cynics” who blame it for hurting the GDP expansion. The remarks come a day after former RBI Governor Raghuram Rajan blamed the indirect taxation reform for […]

New Delhi: Buoyed by a 23-place jump on World Bank’s ease of doing business ranking, Finance Minister Arun Jaitley Wednesday said India can crack into top 50 if it improves on time taken for registering real estate, starting business and enforcement of contracts. Addressing a news conference soon after the World Bank released its 2019 ranking, […]

New Delhi: Union Finance Minister Arun Jaitley on Monday underwent a successful kidney transplant at the All India Institute of Medical Sciences (AIIMS), an official at the premier health institute said. Both the donor and the recipient are stable and recovering well, the official said. Jaitley, 65, was admitted to the hospital on Saturday and […]

New Delhi: Finance Minister Arun Jaitley today said the government is finalising electoral bonds scheme, a move aimed at cleaning up political funding. “I have already announced this year and I am keen to implement it. It is in final stages. How do we legitimise political funding in India so that the underground funding itself […]

Pune: Holding big defaulters responsible for higher NPAs of banks, Finance Minister Arun Jaitley today said that recovery of money from these “big people” has become a “big challenge”. Jaitley was in city to attend the centenary completion celebrations of Pune District Central Co-operative Bank (PDCC). NCP chief Sharad Pawar is associated with this bank […]

New Delhi: The GST Council on Monday raised the cess on cigarettes to take away an estimated INR 5,000 crore annual “windfall” manufacturers could have reaped from lower GST rates, Finance Minister Arun Jaitley said on Monday. However, cigarette prices will not change as a result of the increased cess which would be effective from […]

Bhubaneswar: Odisha government today demanded exemption of handloom and handicraft products from the purview of GST. The demand was made by Odisha Finance Minister S B Behera at the GST Council meeting in New Delhi during the day, an official release here said. “GST should not be applicable on the products prepared by weavers and artisans […]

New Delhi: British Finance Minister Philip Hammond will hold discussions with his Indian counterpart Arun Jaitley today to promote trade and investments between the two countries. Hammond is visiting India to participate in the UK-India Economic and Financial Dialogue. According to the British High Commission, the ninth UK-India Economic and Financial Dialogue (EFD) is hosted […]

New Delhi: The historic Goods and Services Tax (GST) regime today came a step closer to meet its July 1 target of rollout, with the Lok Sabha approving four supplementary legislations. The Central GST Bill, 2017; The Integrated GST Bill, 2017; The GST (Compensation to States) Bill, 2017; and The Union Territory GST Bill, 2017 were […]

New Delhi:  Finance Minister Arun Jaitley today termed the BJP’s big win in state polls as people’s endorsement of demonetisation and asserted that it was seen as pro-poor, reformist and the sole defender of the nationalist constituency in the country. He also slammed the Congress for its “historic” blunders including opposing demonetisation and identifying with […]