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Arun Jaitely News
Couplets bring life to the Budget sessions
Thu, Feb 01, 2018
Reading couplets has become an unwritten custom for this annual event
Bills for ease of business, amend GST law tabled in Lok Sabha
Sat, Dec 23, 2017
A bill to simplify procedures for ease of doing business and amend a bill related to Goods and Services Tax were introduced in the Lok Sabha on Friday.
Indian economy recovering from 'temporary blip': FM Arun Jaitley
Thu, Nov 16, 2017
India's economic slowdown has bottomed out and now it should start moving upwards after recovering from the "temporary blip" seen during the recent structural changes, Finance Minister Arun Jaitley said today.
Demonetisation not one-stop solution to end corruption: Jaitley
Tue, Nov 07, 2017
"Demonetisation is not a one-stop solution to end corruption. It cannot be, but it did change the agenda. And that changed agenda is that we should go towards less-cash economy. Individual tax payers` number has increased, digital transactions have gone up and terror funding has squeezed," Jaitley said.
Finance Minister Arun Jaitley to begin Dhaka visit tomorrow
Mon, Oct 02, 2017
Finance Minister Arun Jaitley will begin a two-day visit to Dhaka from tomorrow during which a pact on bilateral investment promotion and protection is likely to be signed.
100% penalty if Rs 2 lakh or more transacted in cash, warns IT Department
Fri, Jun 02, 2017
Income Tax Department, in an advertisement, has warned people for not transacting in cash for Rs 2 lakh or more.
GDP growth rate at 2 year low; RBI's action in next policy will be keenly watched
Thu, Jun 01, 2017
India's GDP data for Q4FY17 dropped to a two year low. Now the next trigger would be RBI's action on Indian economy during second monetary policy meet.
Not ruling out rationalisation of GST rates: Revenue Secretary
Tue, May 30, 2017
Adhia also said the GST may push India's GDP up by more than 4 per cent because of the simplicity and predictability of the new indirect tax regime, which will encourage people to be tax compliant.
Are the new GST rates really non-inflationary?
Thu, May 25, 2017
CPI Inflation rate in India averaged 7.13% from 2012 until 2017, reaching an all time high of 12.17% in November of 2013 and a record low of 2.99% in April of 2017.
NPAs: This is how other countries deal with their bad loans
Thu, May 11, 2017
As both government and RBI trying to do all they can, lets have a look at other countries who tackled with the same so-called NPA problems. Some of these methods may help India in their problem as well.
New NPA norms give more power to RBI to settle bad loans but is it that easy?
Fri, May 05, 2017
As per the new rules, under Section 35AA - the central bank is entitled to issue directions to any banking company or banking companies to initiate insolvency resolution process in respect of a default under the provisions of the Insolvency and Bankruptcy Code.
Here's a view of Banking ordinance assented by President to tackle banks' NPA crisis
Fri, May 05, 2017
The draft published on Gazette of India said, “Whereas the stressed assets in the banking system have reached unacceptably high levels and urgent measures are required for their resolution.”
Banking rules revamp to make bad loan resolution more effective, says finance secretary
Thu, May 04, 2017
Finance Minister Arun Jaitley said late on Wednesday that the federal cabinet had taken some significant decisions related to the banking sector, without revealing details saying the decisions needed Presidential assent.
Arun Jaitley takes up H-1B visa issue with US Commerce Secretary
Fri, Apr 21, 2017
Finance Minister Arun Jaitley has "strongly raised" the H-1B visa issue with US Commerce Secretary Wilbur Ross, highlighting the important role played by highly skilled Indian professionals in America, officials said.
FinMin seeks public comments on GST rules
Mon, Apr 03, 2017
The government has sought comments from industry on the 4 set of new rules on -- GST Composition, GST Valuation, GST Transition and GST ITC.
Rajya Sabha sends back Finance Bill 2017 with 5 amendments; here's what they are
Thu, Mar 30, 2017
The bill was debated in Rajya Sabha where opposition parties criticised the manner in which it was passed in Lok Sabha and asked for five amendments.
Congress objects, BJP hails passage of GST bills
Thu, Mar 30, 2017
"We support (GST) but the nuances and manner in which it (GST supporting laws) is passed is in contravention of Parliamentary sovereignty," Congress senior leader M Veerappa Moily said.
New Year, New Law, New Bharat, says PM on passage of GST bills
Thu, Mar 30, 2017
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 passed after negation of a host of amendments moved by the opposition parties.
GST draft bills tabled in Parliament; peg peak rate at 40%
Tue, Mar 28, 2017
With this, rollout of GST - the biggest tax reform since independence - has entered the last lap and its passage by Parliament will pave the way for integrating India as one market with one rate of tax replacing multiple state and central levies.
Electoral bonds: Governments need to clarify on a few matters urgently
Wed, Mar 22, 2017
Rucha Ranadive ,Associate Economist, Care Ratings said, "This move is expected to bring in better political funding pattern and transparency in transactions. However, there is a possibility that the identity of the donor will be revealed that won’t serve the purpose and will be similar to direct donation to the party."