Tag: Finance Minister

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 […]

New Delhi: Rajya Sabha today approved a bill to amend the Companies Act with an aim of promoting ease of doing business with as Finance Minister Arun Jaitley saying the law will be reviewed further by an expert committee to be set up shortly to see where the “shoe pinches”. As many as 16 amendments […]

Ahead of his first full fledged budget, Finance Minister Arun Jaitley on Saturday said that the NDA government was against raising revenue by imposing higher taxes, instead it would want to leave more money in the hands of consumer to fuel demand and growth

Asking the Centre to win confidence of the states before implementation of the GST, Odisha government on Friday said it need to be paid compensation of Rs 3,417.13 crore towards reduction of the rate of CST from 4 per cent to 2 per cent

A reduction of the scope of subsidies currently being provided to well-off people appears to be on the anvil with Finance Minister Arun Jaitley questioning the justification of "unquantified" subsidy amounts to "unidentifiable" sections

Keen to push the Goods and Services Tax (GST), Finance Minister Arun Jaitley on Wednesday expressed desire to hold an early meeting with the state finance ministers