FINANCE MINISTER

  • Business leaders meet Arun Jaitley; want tax return forms simplified Yesterday

    New Delhi: India Inc on Friday disfavoured tax man seeking details about foreign trips and bank accounts in income tax returns after a controversy erupted over the new ITR forms which have been put on hold. This was conveyed by business leaders during a meeting with...
  • GST Bill in Parliament in couple of days, not all issues resolved: Finance Minister 3 days ago

    New Delhi: Aiming for GST roll out by April 2016, the government will move the Constitution Amendment Bill in Parliament within a couple of days, even as compensation and revenue loss to manufacturing states lacked consensus at a meeting held on Wednesday. "In view of the...
  • Arun Jaitley to meet tax officials again to keep ITR forms simple 4 days ago

    New Delhi: Facing criticism over the new ITR forms that seek details on bank accounts and foreign travel, Finance Minister Arun Jaitley will hold another round of meeting with officials to simplify the procedure. Soon after his trip from Washington, Jaitley had held a meeting with tax officials on the...
  • Modi government not serious about recovering black money, alleges Ram Jethmalani 4 days ago

    New Delhi: Bharatiya Janata Party (BJP) MP and Indian lawyer Ram Jethmalani on Tuesday said that the Finance Minister Arun Jaitley is not serious about bringing black money back to the country. "I have gone and met the Germans, they said that no effort has been made to take the...
  • India close to picking candidate for New Development Bank 5 days ago

    Washington: India is in the "final stages" of nominating candidate for the President's post of the USD 100-billion New Development Bank (NDB) to be headquartered in Shanghai, Finance Minister Arun Jaitley has informed fellow members of the five-nation BRICS bloc. "As regards the President of the...
  • India has potential to grow at 10 per cent: Arun Jaitley April 16, 2015

    Washington: India has the potential to make nine to 10 per cent growth rate a "new normal", Finance Minister Arun Jaitley said on Thursday while asserting that high growth was essential to meet the challenges posed by the country's burgeoning young population. "India has the potential to make nine to ten...
  • Senior ministers discuss Sukma attack, famer's issues April 12, 2015

    New Delhi: Senior central ministers met at the residence of union Home Minister Rajnath Singh on Sunday for an "informal" meeting which discussed the Maoist attack at Sukma in Chhattisgarh and the issues concerning farmers, informed sources in said. The meeting was held in the absence of Prime Minister Narendra Modi,...
  • PIL activists should declare source of funds: Arun Jaitley April 10, 2015

    Gandhinagar: Union Finance Minister Arun Jaitley on Friday said it should be mandatory for those filing PILs against the government on development projects to declare their source of funds, days after Prime Minister Narendra Modi cautioned the judiciary against being influenced by "five-star activists". The suggestion by Jaitley also came a...
  • Raghuram Rajan says full rupee convertibility in a few years April 10, 2015

    Pune: Reserve Bank Governor Raghuram Rajan on Friday said the central bank is looking at allowing full capital account convertibility in a few years. "My hope is that we will get to full capital account convertibility in a short number of years," he said. Full capital convertibility means a foreign investor...
  • Land law passed under UPA 'conspiracy' against farmers: Arun Jaitley April 9, 2015

    Bhopal: Finance Minister Arun Jaitley on Thursday alleged that the Land Acquisition Law passed in 2013 under the UPA regime was a "conspiracy" to deprive rural areas of development and render landless people jobless. "With an intention to serve their political interests, I can say the 2013 Land Acquisition Law passed...
  • Raghuram Rajan calls on Arun Jaitley, discuss macro-economic situation April 8, 2015

    New Delhi: A day after presenting first bi-monthly monetary policy of 2015-16, RBI Governor Raghuram Rajan on Wednesday called on Finance Minister Arun Jaitley and is believed to have discussed macro economic situation and the new monetary policy framework. Besides Jaitley, he also met Minister of...
  • MPs having conflict of interest should declare it: M Venkaiah Naidu April 6, 2015

    New Delhi: Amid a raging debate over BJP MPs in tobacco trade on a panel looking into framing rules for the product, Parliamentary Affairs Minister M Venkaiah Naidu on Monday made it clear that anybody having conflict of interest is supposed to declare it as per rules. Accosted with a barrage...
  • Finance Minister promises reasonable compliance window under black money law April 6, 2015

    New Delhi: Finance Minister Arun Jaitley on Monday promised a "reasonable compliance window" under the new black money law for persons with overseas funds to come clean, even as he asserted that targetting undeclared assets cannot be termed as 'tax terrorism'. Addressing industry representatives at CII annual general meeting, he also...
  • Government reviewing norms to hike compensation for crop damage: Finance Minister April 4, 2015

    Bengaluru: Finance Minister Arun Jaitley on Saturday said government is reviewing the norms to raise the compensation limit to farmers in case of drought or heavy rains damaging the crops. Demands in this regard have been made by various states. "I am seriously reviewing those norms...
  • India needs to become competitive in infrastructure, tax policy: Arun Jaitley March 21, 2015

    Gurgaon: Advocating easing of entry barriers for global corporations, Finance Minister Arun Jaitley on Saturday said that India needs to become globally competitive from infrastructure to taxation. In his convocation address at the Management Development Institute (MDI) here he underlined the need for relaxing norms for...
  • Finance Minister Arun Jaitley wins the Indian of the Year 2014 in politics section March 17, 2015

    New Delhi: Union Finance Minister Arun Jaitley won the Indian of the Year award for his work in politics section. Currently the Union Finance Minister, Arun Jaitley is credited with ending the festering and unresolved leadership issues within the BJP post the Vajpayee-Advani era. He played a crucial role in...
  • No more separatist will be freed, J&K CM Mufti assures Rajnath Singh March 10, 2015

    New Delhi: Three days after the Jammu and Kashmir government released hardliner Masarat Alam from jail, Chief Minister Mufti Mohammad Sayeed assured Union Home Minister Rajnath Singh that no more separatists will be released without consulting the Bharatiya Janata Party (BJP). According to sources, Singh spoke with the J&K Chief Minister...
  • Finance Minister Arun Jaitley to address RBI board on March 22 March 8, 2015

    New Delhi: Finance Minister Arun Jaitley will address board members of the Reserve Bank on March 22 to inform them about steps taken in the Budget for 2015-16 to boost economic growth and contain fiscal deficit. "The meeting has been scheduled for March 22 where he would be addressing the board...
  • Union Budget: Government emphasises on job creation to create millions of jobs February 28, 2015

    New Delhi: With the government putting strong emphasis on job creation, experts on Saturday said measures proposed in the Union Budget can help in creating millions of employment opportunities in the coming years. Global management consultancy Hay Group India Managing Director Nitin Razdan said, "Jobs and hiring in India needs to...
  • Ministry of External Affairs gets 19 per-cent hike in allocation February 28, 2015

    New Delhi: The foreign ministry has seen a good hike of 19 per-cent in its fund allocations in the Union Budget 2015-16 as the main thrust remained towards various development assistance projects implemented by India in neighbouring countries including Bhutan and Afghanistan. While Rs 12,620 crore was given by Finance Minister...
  • Cochin business chamber unhappy as Budget fails to meet demands February 28, 2015

    Kochi: Cochin Chamber of Commerce and Industry has criticised Finance Minister Arun Jaitley for not giving funds for Kerala's crawling public sector industrial units in the Budget on Saturday. However, the body has hailed proposals like announcement on GST and reduction in corporate tax. "Our long-pending demands like AIIMS, Cancer Hospital,...
  • A good Budget with 3-4 forceful directions February 28, 2015

    By Dr Shankar Acharya, Former Chief Economic Adviser to Government of India It is a good Budget. I rate Arun Jaitley's Budget as good. Lot of things he mentioned sounded good. He has also given a forceful direction to 3-4 things. Fiscal consolidation has also been taken into account. I like...
  • Union Budget 2015: It is pro-poor, Opposition has lost it, say NDA ministers February 28, 2015

    New Delhi: Finance Minister Arun Jaitley's Cabinet colleagues have praised him for the Union Budget 2015 calling historical, pro-poor and visionary. Prime Minister Narendra Modi posted half-a-dozen tweets applauding the Budget. "Union Budget 2015 is a Budget with a clear vision. It is a Budget that is progressive, positive, practical, pragmatic...
  • A pro-corporate, anti-poor, disappointing Budget: Opposition February 28, 2015

    New Delhi: On expected lines, Opposition leaders have criticised the Union Budget 2015 presented by Finance Minister Arun Jaitley in Parliament on Saturday, with party president Sonia Gandhi terming it as a "pro-corporate" one. Congress Lok Sabha MP Kamal Nath said this has only been the Budget of commissions, committees and...
  • Finance Minister Arun Jaitley cuts corporate tax rate, keeps individual tax rates unchanged February 28, 2015

    New Delhi: There has been no change in individual tax rates or slabs while corporate tax rate will be cut from 30% to 25% over the next four years. While delivering his first full Budget speech in Parliament on Saturday, Finance Minister Arun Jaitley said individual tax payer will benefit...
  • Government raises farm credit target to Rs 8.5 lakh crore for 2015-16 February 28, 2015

    New Delhi: In a bonanza for farmers, the government on Saturday raised agriculture credit target by Rs 50,000 crore to Rs 8.5 lakh crore for 2015-16 fiscal and also announced financial support to enhance irrigation and soil health to achieve higher agriculture productivity. "Farm credit underpins the efforts our hardworking farmers...
  • GDP in 2015-16 to be 8-8.5%; double-digit growth soon, says Arun Jaitley February 28, 2015

    New Delhi: Finance Minister Arun Jaitley on Saturday said growth in the next financial year will rise to 8-8.5 per cent and clock double-digit level in the subsequent years. "Growth in 2015-16 is expected to be between 8-8.5 per cent. Aiming for a double digit rate seems feasible very soon," he...
  • Economic Survey 2014-15: 'Scope for big bang reforms' as growth pegged at 8 per cent for next year February 27, 2015

    New Delhi: Economic Survey 2014-15, tabled by Finance Minister Arun Jaitley in Parliament on Friday, pegs a growth rate of over 8 per cent for the next financial year while inflation has declined by over 6 percentage points since late 2013. "There is scope for big bang reforms now," said Jaitley...
  • HSBC sees Budget focusing on public investment-led growth February 22, 2015

    Mumbai: Finance Minister Arun Jaitley is likely to earmark higher funds for public investments in the Budget to be presented this weekend, taking advantage from the savings he could mop-up from the steep fall in oil import bill in the past few months, says a report. "We expect the main theme...
  • Arun Jaitley asks bank employee unions to withdraw strike call February 21, 2015

    New Delhi: Finance Minister Arun Jaitley on Saturday appealed to bank employee unions to call off their proposed four-day nationwide strike from February 25 as talks are on for a revision of wages of employees. The Minister said banks are already in negotiations with their unions and associations for wage...