Keyword : Finance Minister

No more borrowing, says Jaitley and talks of cuts in spending

Finance minister Arun Jaitley does not believe in living on borrowed money. This means the government will not overshoot limits imposed on fiscal deficit. However, to maintain 4.1% f

Top 10 borrowers have taken Rs 28,152 crore bank loans

Few days back the budget of Rajasthan state was presented with a tax revenue figure of Rs 47096.05 crore. Compare this with the amount that top 10 borrowers have taken loans from public sector bank

Tax notice to FIIs is not tax terrorism, says Jaitley

Union finance minister Arun Jaitley has termed tax notices sent to around 100 overseas funds as as legitimate tax demand and not tax terrorism. Jaitley said taxes need to be paid where the demand w

Mudra Bank launched to help small business

Prime minister Narendra Modi on Wednesday launched Mudra Bank, which will provide credit of up to Rs 10 lakh to small entrepreneurs and act as a regulator for `micro-finance institutions` (MFIs).

LS to consider black money bill today

The black money bill is likely to be taken up for consideration in the Lok Sabha on Monday. The legislation, known officially Undisclosed Foreign Income and Assets Bill, provides for heavy penaltie

Simplified income tax return forms soon

Income tax return or ITR forms will be "far more simplified" assured Finance Minister Arun Jaitley on Saturday. However, there was clarity on the disclosure of bank accounts and f

Jaitley assures honest taxpayers and allays fears of black money law

Finance Minister Arun Jaitley has assured that the honest taxpayers have nothing to fear about the new black money law. Addressing the annual conference of top income tax officials o

Development must reach people at the margins: Arun Jaitley

Finance minister Arun Jaitley has been playing the pivotal role when it comes to ensuring the delivery of a slew of initiatives the prime minister has been taking over the past year. His hands

Jaitley should forget Sushma and arrest decline in exports

Finance minister Arun Jaitley has left for the US on Tuesday to hold multi-city economic road shows to sell India’s growth story after vigorously defending his cabinet colleague Susham Swaraj

Agri sector gets a boost with Rs 50,000 crore scheme

The government has unveiled an ambitious programme to increase agriculture sector output and efficient management of water resources. For this it will spend Rs 50,000 crore over the next five years

Mother of all data is out, zero-waste planning possible

This could be mother of all data. Finance minister Arun Jaitley has released socio-economic caste census for 2011, which will form basis for governments targeted policy planning. The current figure

Energy sector emerges as the highest spender

Energy companies spent the highest on corporate social responsibility (CSR) initiatives. The energy sector was followed by financial services and IT when it came to firms that committed to CSR.

Aadhaar uncertainty to be removed, new bill to make it legal

Aadhaar will receive legislative sanction with the government ready to introduce National Identification Authority of India (NIAI) Bill in the parliament. Finance minister Arun Jaitl

High-level panel to tackle bad loans in PSU banks likely soon

The government is planning to set up a high-level panel to effectively deal with the issue of bad loans or the non performing assets (NPAs). "That was discussed at the meeting o

Why Aadhaar is baseless?

It was no less than a roller-coaster ride for Aadhaar, a programme formulated by the UPA government to assign a 12-digit unique number to every Indian resident. From the time it came into being in

Is DBT a one-stop solution?

Even as the country lacks a legal framework to safeguard individual privacy and data security, the government is planning to integrate Aadhaar database, updated national population register (NPR) a

Money Bill: Lost in translation

The government brought in the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Bill, 2016, to give statutory backing to the Aadhaar scheme launched in 2009. While

India’s growth story pegged at 7–7.5 percent, says Jaitley

Showing confidence in the Indian economy, finance minister Arun Jaitley said that India will be able to maintain the growth level of 7-7.5 percent despite challenges in the global economy. Speaking

Railway budget-Union budget merger: Let’s do away with general budget too

Now that the rail budget has chugged into history, the spotlight needs to be turned on the annual financial statement in Article 112 of the Constitution of India – better known as the general

FM hints at DBT-like component in GST too

We had two parallel exercises in the government for the last 30-40 years. Every time we had a discussion on economic policy or budget there always was discussion on rationalisation of subsidies. An

When, where and how are the ministers depositing ‘cash on hand’?

The prime minister has directed MPs of his Bharatiya Janata Party (BJP) to declare their bank transactions to the president of the party in a bid to lead by example to come clean on their actions a

When Jaitley sparred with Chidambaram

This is what Arun Jaitley had to say:   We want to take action which may either want to have an assault on what is the shadow economy or the parallel eco

On DeMo, yet another goal post change

Some think there is only one way to score a bull’s eye, by hitting the bull’s eye. Then there are creative souls, who first shoot, and then draw a bull’s eye around the

The reforms process has been very slow: Yashwant Sinha

Last year the nation marked the 25th anniversary of the launch of economic liberalisation. Back in those tumultuous days, Yashwant Sinha was an important part of the dramatis personae involved

Here’s how GST has been simplified

Goods and Services Tax (GST) has been simplified for small businesses and exporters. Here are the key changes that were introduced following a GST council meeting that was chaired by

Too little, too late: Congress on GST changes

The Congress has criticised the changes made in the Goods and Services Tax (GST), say

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