Post Tagged with: "Arun Jaitley"

Rajnath Singh to head BJP‘s manifesto panel of 20

Rajnath Singh to head BJP‘s manifesto panel of 20

New Delhi: Formally setting the BJP into election mode, party president Amit Shah on Sunday gave key electoral responsibilities to Union ministers Rajnath Singh, Arun Jaitley, Nitin Gadkari, Sushma Swaraj and Ravi Shankar Prasad. The party has already launched a social media campaign #Modi OnceMore and Prime Minister Narendra Modi […]

‘Govt not seeking RBI reserves to meet fiscal deficit‘

‘Govt not seeking RBI reserves to meet fiscal deficit‘

NEW DELHI: Finance minister on Monday said the government was not seeking Reserve Bank surplus to meet but to utilise them for accelerating poverty alleviation programmes and recapitalising the state-owned banks. Replying to a debate on the second batch of supplementary demands for grants in the Lok Sabha, the minister […]

Focus on identifying areas which have escaped tax net: Revenue secy

Focus on identifying areas which have escaped tax net: Revenue secy

NEW DELHI: The government is looking at bringing untaxed sectors in the net as well as improving compliance to raise the tax-to-GDP ratio, Ajay Bhushan Pandey said. He also said officials would ensure that taxpayers who are paying taxes honestly are not disturbed, but those who are defaulting in payment […]

Not dissatisfied with RBI, says Arun Jaitley

Not dissatisfied with RBI, says Arun Jaitley

NEW DELHI: Finance minister on Friday replied in negative to a question whether the government was not satisfied with the functioning of the . In a written reply to the , the minister quoted a report of IMF, which said supervision and regulation by central bank was strong and improved […]

‘Over 6k officers of PSBs held responsible for bad loans‘

‘Over 6k officers of PSBs held responsible for bad loans‘

NEW DELHI: The government on Friday said action has been taken against more than 6,000 officers of nationalised banks last fiscal in cases of lapses that led to . In written reply, finance minister said that minor and major penalties have been imposed against erring officials. These include, dismissal, compulsory […]

K‘taka CM meets Jaitley, seeks extension of GST compensation period

K‘taka CM meets Jaitley, seeks extension of GST compensation period

New Delhi: Karnataka Chief Minister H D Kumaraswamy met Union Finance Minister Arun Jaitley here on Thursday and sought extension of the GST compensation period till 2025, contending that the state's revenue deficit has widened to 20 per cent post-GST regime. At present, the states are entitled to get compensation […]

Jaitley lauds NIA terror arrests, slams Cong for criticising ‘snooping‘ order

Jaitley lauds NIA terror arrests, slams Cong for criticising ‘snooping‘ order

New Delhi: A day after the National Investigation Agency (NIA) busted an alleged Islamic State terror plot in New Delhi and neighbouring Uttar Pradesh, Union Minister Arun Jaitley congratulated the NIA and also took the opportunity to hit back at the Opposition, who has been demanding the withdrawal of the […]

Bimal Jalan to head panel to decide on RBI?s surplus transfer

Bimal Jalan to head panel to decide on RBI?s surplus transfer

MUMBAI: Former RBI governor will chair a panel, which will decide on the ideal level of reserves for the central bank and how much can be transferred to the government. On Wednesday, RBI said the decision to appoint Jalan, who headed the central bank during the former NDA regime, was […]

Inheritance tax has spurred large endowments: Arun Jaitley

Inheritance tax has spurred large endowments: Arun Jaitley

NEW DELHI: Hospitals, universities and other institutions in developed countries receive large endowments due to factors like , which is not the case in India, finance minister said Tuesday. Analysing the means of funding for India‘s healthcare and educational bodies as against the global ways, Jaitley said such institutions in […]

GST rate to be fixed between 12-18%: Jaitley

GST rate to be fixed between 12-18%: Jaitley

NEW DELHI: Going forward, as tax revenues significantly increase, India will have slabs of 0 per cent, 5 per cent and a standard rate between 12-18 per cent for commonly-used items, finance minister said on Monday. Luxury and sin goods will, however, continue to be taxed in a higher bracket. […]