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Finance Minister Arun Jaitley

Turnaround of Public Sector Banks: A story from doom to bloom; a journey towards Rs 1 lakh cr profit

Turnaround of Public Sector Banks: A story from doom to bloom; a journey towards Rs 1 lakh cr profit

Wed, Jan 04, 2023

The highest amount of net loss was registered in 2017-18 at Rs 85,370 crore, followed by Rs 66,636 crore in 2018-19; Rs 25,941 crore in 2019-20; Rs 17,993 crore in 2015-16 and Rs 11,389 crore in 2016-17.

Desh Ki Baat: Will confuse Congress win 2019 Lok Sabha polls? Watch debate

Desh Ki Baat: Will confuse Congress win 2019 Lok Sabha polls? Watch debate

Wed, Mar 27, 2019

Will confuse Congress win 2019 Lok Sabha polls? Watch this debate to know more.

Exclusive: Sudhir Chaudhary interviews FM Arun Jaitley

Exclusive: Sudhir Chaudhary interviews FM Arun Jaitley

Wed, Mar 27, 2019

In an exclusive interview with Editor-in-Chief of Zee News, Sudhir Chaudhary, Finance Minister Arun Jaitley said Narendra Modi is the only gamechanger. Watch this video to know more.

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Money Guru: Understanding an interim budget?

Money Guru: Understanding an interim budget?

Sat, Jan 19, 2019

Ahead of the elections which is slated during May 2019, the central government is all geared up to announce its interim budget most likely on February 1, 2019. In this episode of money guru, find out what an interim budget is and the need for it at the moment.

Budget 2019 expectations: Tax payers alert! How will Arun Jaitley please salaried classes ahead of crucial Lok Sabha Elections?

Budget 2019 expectations: Tax payers alert! How will Arun Jaitley please salaried classes ahead of crucial Lok Sabha Elections?

Tue, Jan 08, 2019

Since the introduction of Rs 40,000 standard deduction for salaried employees and pensioners in lieu of the exemption for transport and medical expenses failed to please this segment much, expectations for tax exemption limit in this year's budget is no doubt a natural outcome.

Budget 2019: Finance Miniter Arun Jaitley faces tough task of boosting defence

Budget 2019: Finance Miniter Arun Jaitley faces tough task of boosting defence

Mon, Jan 07, 2019

In the Budget 2018, defence got the smallest chunk of 12.22 per cent of the total budget outlay in the last two decades. This was against the expectations as India's defence budget is now said to be the fourth largest in the world after US, China and UK.

Not dissatisfied with functioning of RBI, Arun Jaitley says in Lok Sabha

Not dissatisfied with functioning of RBI, Arun Jaitley says in Lok Sabha

Sat, Dec 29, 2018

"No, madam," Jaitley said to a question whether the government is not satisfied about the functioning of the RBI.

Over 6,000 officers of PSBs held responsible for bad loans: Arun Jaitley

Over 6,000 officers of PSBs held responsible for bad loans: Arun Jaitley

Sat, Dec 29, 2018

Depending upon the gravity of lapses, the minister said "minor penalty/ major penalty have been imposed against erring officials" and in all the cases, depending upon the amount involved, CBI and police complaints have been lodged.

Union Cabinet approves sale of govt's 52.63 pct stake in REC to PFC

Union Cabinet approves sale of govt's 52.63 pct stake in REC to PFC

Thu, Dec 06, 2018

"The CCEA gave in principle approval for strategic sale of the Government of India's existing 52.63 per cent of total paid up equity shareholding in REC Ltd to Power Finance Corporation along with transfer of management control," Finance Minister Arun Jaitley said at a press conference after the Cabinet meeting here.

RBI-Govt rift: Reserve Bank Board felt interference on easy credit to MSMEs, other issues

Fri, Nov 02, 2018

The prevailing friction between the government and RBI led to a flashpoint in the Board meeting with the independent directors seen as usurping the cardinal regulatory powers of the central bank. While RBI wants to stick to its policy of cautious lending, government is insistent on the central bank diluting its stance on the stressed power sector companies and not pushing them for a resolution under the National Company Law Tribunal (NCLT).

Centre vs RBI: Governor gets staff union backing in tussle

Tue, Oct 30, 2018

The growing difference between the North Block and the banking regulator came under public glare when for the first time RBI published a dissent note on its website, expressing its disagreement with the government in setting up a separate payments regulator.

FinMin seeks input from ministries for Jaitley's next Budget Speech

FinMin seeks input from ministries for Jaitley's next Budget Speech

Sun, Oct 28, 2018

The finance ministry has requested the ministries to send material related with their departments that may merit inclusion in the finance minister's budget speech for 2019-20 by November 15, according to a communication by the finance ministry to all secretaries.

Modi govt bites bullet, cuts excise duty; petrol, diesel prices cheaper by Rs 2.50

Modi govt bites bullet, cuts excise duty; petrol, diesel prices cheaper by Rs 2.50

Thu, Oct 04, 2018

Making this announcement in a press conference, Finance Minister Arun Jaitley said, "We are writing to the state government that as the central govt is cutting Rs 2.50 on both petrol & diesel, they do the same.

Prices of cigarettes, luxury cars, more to be hiked? Calamity Tax axe hangs heavy on sin goods

Prices of cigarettes, luxury cars, more to be hiked? Calamity Tax axe hangs heavy on sin goods

Fri, Sep 28, 2018

The Finance Minister said that apart from senior Union ministers, the panel would comprise members from the North Eastern, hill and coastal states which are most vulnerable to natural calamities. The GoM would evaluate all possibilities and submit its recommendations in the next few weeks after which another GST Council meeting will be called.

Get ready to pay more for this bad habit; price hike likely today

Get ready to pay more for this bad habit; price hike likely today

Fri, Sep 28, 2018

According to reports, the government bid is to mobilise additional resources to meet the cost of rehabilitation and reconstruction of Kerala, which was severely hit by the flood fury.

Arun Jaitley dubs Aadhaar verdict by Supreme Court as historic

Arun Jaitley dubs Aadhaar verdict by Supreme Court as historic

Wed, Sep 26, 2018

Attacking the Congress, the Finance Minister said, "Congress cuts a very sorry figure here, they introduced the idea but they did not know what to do with it," adding it is a step forward for the use of technology in governance.

Arun Jaitley hits out at Raghuram Rajan for MSME banking crisis statement

Arun Jaitley hits out at Raghuram Rajan for MSME banking crisis statement

Tue, Sep 25, 2018

Finance Minister Arun Jaitley Tuesday hit out at former RBI governor Raghuram Rajan for predicting that the next banking crisis would be triggered by MSME lending, saying postmortem is easier than taking action when it was required.

Arun Jaitley on bad debt, PSU banks; 5 points

Arun Jaitley on bad debt, PSU banks; 5 points

Tue, Sep 25, 2018

Finance Minister Arun Jaitley has said that bad debts or NPAs in the banking system are on the decline as recoveries of unpaid loans have picked up, while speaking to reporters after the annual review meet with top PSU bankers.

FinMin pegs dollar value at Rs 73.65 for computing import duty

FinMin pegs dollar value at Rs 73.65 for computing import duty

Fri, Sep 21, 2018

On Thursday, The Finance Ministry pegged the exchange rate for dollar at Rs 73.65 for calculation of import duty with effect from September 21, as against Rs 72.55 a fortnight ago.

Remuneration hike to address grievances of 25 lakh Anganwadi workers: Jaitley

Remuneration hike to address grievances of 25 lakh Anganwadi workers: Jaitley

Sat, Sep 15, 2018

Stating that there has been a long-time demand of Anganwadi workers and their helpers to give them a reasonable remuneration, Jaitley said the governments in the past have always refrained from giving benefits to these workers ostensibly on revenue considerations.

Probe health hazards posed by currency notes: CAIT to Arun Jaitley

Probe health hazards posed by currency notes: CAIT to Arun Jaitley

Sun, Sep 02, 2018

The Confederation of All India Traders (CAIT) cited studies and media reports to highlight the issue in copies of the letter sent to Health Minister J P Nadda and Minister for Science and Technology Harshvardhan requesting them to take immediate cognisance of the issue.

Series of reforms transformed economy: Arun Jaitley

Series of reforms transformed economy: Arun Jaitley

Mon, Aug 27, 2018

The finance minister said the International Monetary Fund (IMF) holds bilateral discussions with its members usually every year.

Arun Jaitley to resume office in 3rd week of August

Arun Jaitley to resume office in 3rd week of August

Tue, Aug 07, 2018

Arun Jaitley has been quite active on social media -- writing blogs on various economic and non-economic issues, like National Register for Citizens (NRC) in Assam, over four-decades of Emergency, No-confidence Motion in Parliament, Rafael fighter jet deal, and GST.

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