FINANCE MINISTER

  • Union Budget: Government emphasises on job creation to create millions of jobs 2 days ago

    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 2 days ago

    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 2 days ago

    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 2 days ago

    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 2 days ago

    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 2 days ago

    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 2 days ago

    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 2 days ago

    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 2 days ago

    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 3 days ago

    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...
  • Delhi elections: To preempt Smriti Irani, BJP declared Kiran Bedi as CM candidate February 18, 2015

    New Delhi: In order to preempt Union HRD Minister Smriti Irani, former IPS officer Kiran Bedi was projected in a huff as the Bharatiya Janata Party's chief ministerial candidate for the February 7 Delhi Assembly elections. According to sources in the RSS, Prime Minister Narendra Modi was in favour of making...
  • West Bengal Assembly budget session to start from February 19 February 16, 2015

    Kolkata: The Budget Session of the West Bengal Legislative Assembly will begin on February 19 with Governor K N Tripahi addressing the House, while the state budget will be tabled on February 27. Announcing this in Kolkata on Monday, Speaker Biman Banerjee said the session would continue for at least 11...
  • No slowdown in reforms despite Delhi election defeat: Finance Minister Arun Jaitley February 12, 2015

    New Delhi: There will be no slowdown in reforms despite Delhi election defeat, said Finance Minister Arun Jaitley on Thursday. Speaking to mediapersons a couple of days after the severe drubbing the BJP got at the hands of the Aam Aadmi Party (AAP) in the Delhi Assembly elections, Jaitley said the...
  • PM Modi's first visit to NITI Aayog, emphasises need for cooperative federalism February 6, 2015

    New Delhi: In his first visit to the newly-established NITI Aayog on Friday, Prime Minister Narendra Modi emphasised the need for cooperative federalism and favoured healthy competition for development among states. Interacting with eminent economists at NITI Aayog, the Prime Minister PM favoured healthy competition for development among states. He noted...
  • Delhi elections: Nobody better than Kiran Bedi to lead BJP, says Arun Jaitley February 5, 2015

    New Delhi: Finance Minister Arun Jaitley said on Thursday that nobody was better than Kiran Bedi to lead the BJP in Delhi Assembly elections. He also said the main agenda in the campaign is governance versus anarchy. "Nobody was better than Kiran Bedi to lead BJP in Delhi elections....The primary issue...
  • What would Arvind Kejriwal, IRS have done? February 5, 2015

    Some disillusioned members of the AAP have taken up the case of the party's dubious funding. The AAP is a brilliant propagandist. It claims to wear the label of honesty on its sleeves. It disclosed the names of a large number of corporate entities from whom it received donation by...
  • Finance Minister for tax reforms and quick decisions to ensure stability January 27, 2015

    New Delhi: Ahead of the Budget, Finance Minister Arun Jaitley on Tuesday underlined the need for tax reforms and quick decision making to ensure stability in policy regime. The Minister also asked the Central Board of Excise and Customs (CBEC) officials to maintain certain level of civility with assessees but to...
  • Budget session likely from February 23: Sources January 20, 2015

    New Delhi: According to sources on Tuesday, the Budget session of Parliament is likely to start from February 23. Hopes are high with Finance Minister Arun Jaitley indicating start of second-generation reforms going forward. Jaitley is likely to make significant announcements on key issues such as retro tax, goods and services...
  • To live up to 4.1 per cent fiscal deficit target for financial year 2015: Arun Jaitley January 10, 2015

    At CNBC-TV18's 10th IBLA (India Business Leadership Awards) Finance Minster, Arun Jaitely spoke about his government's outlook for India in terms of growth, policy initiatives, reforms. During the discussion, Finance Minister said the government intends to live up to 4.1% FY15 fiscal deficit target. ...
  • India @ 9 with Zakka Jacob January 9, 2015

    Catch the day's top stories with Zakka Jacob on India @ 9. ...
  • News 360: Shootout at Kosher supermarket in southwest Paris, two dead January 9, 2015

    A fresh shooting has been reported inside a Jewsish grocery store in Eastern Paris. At least 2 people are believed to be dead. French media is reporting that several hostages, including women and children are being held inside. Reports say police are in touch with the suspects who claim to...
  • Changes in land laws balances development,compensation: Arun Jaitley January 4, 2015

    New Delhi: Brushing aside criticism against changes in land acquisition laws, Finance Minister Arun Jaitley on Sunday said the amendments would ensure higher compensation to land owners while fulfilling developmental needs of the nation. "The amendment balances the developmental needs of India, particularly rural India, while still providing enhanced compensation to...
  • Finance Minister Arun Jaitley denies pressuring RBI to cut rates December 30, 2014

    Mumbai/ New Delhi: Finance Minister Arun Jaitley denied on Tuesday that he was pressuring the Reserve Bank of India (RBI) into cutting interest rates, after his comment that the high cost of capital was stifling investment sent markets into a tizzy. Jaitley, in a speech in Delhi on Monday, said "costly...
  • States want issues to be resolved before GST roll-out December 26, 2014

    New Delhi: Days after Centre bringing in the landmark single rate GST bill, the states on Friday demanded early redressal of their concerns on revenue loss while pressing for release of more funds and having a say in implementation of the central schemes. Besides seeking decentralisation of Centrally Sponsored Schemes (CSS),...
  • Kerala Finance Minister KM Mani booked in graft case; rules out resignation December 11, 2014

    Thiruvanthapuram: Kerala Finance Minister KM Mani on Thursday was booked by the Vigilance and Anti Corruption Bureau in connection with the bar bribe scam that had rocked the Congress-led UDF government even as the minister ruled out resigning from the post, saying he would prove his innocence. Taking cognizance of the...
  • Arun Jaitley promises 'civilised' tax regime to attract investment December 10, 2014

    New Delhi: India will soon raise the foreign investment cap in insurance sector and work for making the tax regime "civilised" to attract overseas investments, Finance Minister Arun Jaitley on Wednesday said while exuding confidence of achieving 6 per cent growth next fiscal. Underlining that growth would...
  • Centre aims to pass key bills in Winter Session of Parliament November 22, 2014

    New Delhi: With the Winter Session of Parliament set to begin on Monday, Finance Minister Arun Jaitley on Saturday said that the Centre aims to pass many essential reform bills including Insurance Bill, Coal Ordinance and Constitutional Amendment Bill. He said that the government is committed to get these bills...
  • Government aims at raising savings; re-launches Kisan Vikas Patra November 18, 2014

    New Delhi: With the objective to raise savings in the country, the government today re-launched Kisan Vikas Patra (KVP), an instrument which will provide trusted option of investment to poor and keep them off ponzi schemes. "In the last 2-3 years, savings rate in country has declined from a record high...