Tag: Finance Minister

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

A day after Indian Finance Minister P Chidambaram taunted him for presiding over "worst years" of Indian economy since liberalisation, BJP leader Yashwant Sinha Friday hit back saying Chidambaram has always "played fraud" in the Budget, including the interim one for the current fiscal

Finance minister Arun Jaitley yesterday said that the goods and services tax (GST) will help in economic integration of the country by enabling seamless transfer of goods and services

Stressing that economic stability should include steady prices, Finance Minister P Chidambaram on Friday said Parliament could set an inflation target for the Reserve Bank to achieve

Agriculture credit is likely to exceed the target of Rs 7,00,000 crore while farm exports are expected to increase to over USD 45 billion in the current fiscal, Finance Minister P Chidambaram said on Monday

The government on Monday said the fiscal deficit for the current financial year will be contained at 4.6 per cent of GDP