ARUN JAITLEY

  • New Income Tax Return forms: Special team to re-draft format after criticism 4 hours 16 minutes ago

    New Delhi: The new format of Income Tax Return (ITR) forms that was withdrawn by the government in the wake of complaints over providing details of foreign trips and domestic bank accounts is being revised to make it simpler. "The new ITR format has been put into revision and it...
  • Government to have non-adversarial tax regime, boost investment: Finance Minister 10 hours 57 minutes ago

    New Delhi: Seeking investments to boost the economy, Finance Minister Arun Jaitley on Monday promised a non- adversarial tax regime as well as competitive labour laws to achieve double-digit growth rate. He also said the government has no intention to tax people retrospectively and will make...
  • Taxation policy has to be simpler and competitive: Arun Jaitley 15 hours 19 minutes ago

    New Delhi: Promising a business friendly environment to woo foreign investments, Finance Minister Arun Jaitley on Monday made it clear that retrospective tax will not be imposed and that taxation policy has to be "non-adversarial". "Our Taxation process has to be simpler to increase tax buoyancy. Our taxation policy has to...
  • Rahul Gandhi now on 'rent a cause' phase: Arun Jaitley 19 hours 48 minutes ago

    New Delhi: Union Finance Minister Arun Jaitley on Sunday took a dig at Rahul Gandhi, saying he is now on a "rent a cause" phase and questioned his "commitment" to politics. "What is the kind of commitment to politics that you suddenly disappear for months together and then you come back...
  • Arun Jaitley expresses grief over loss of lives due to earthquake 2 days ago

    New Delhi: Union Finance Minister Arun Jaitley on Saturday expressed grief over loss of life and property due to a major earthquake with epicentre in Nepal that also hit large parts of India. "Today indeed is a challenging and solemn day because a significant part of...
  • Business leaders meet Arun Jaitley; want tax return forms simplified 3 days ago

    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...
  • Jaitley moves GST Bill for Lok Sabha debate, Opposition walks out 3 days ago

    New Delhi: Amidst uproar from opposition parties, the government on Friday moved a constitutional amendment in the Lok Sabha to allow passage of the Goods and Services Tax Bill. The opposition Congress, the Samajwadi Party (SP), Left, Trinamool Congress (TMC) and Aam Aadmi Party (AAP) walked out in protest, claiming that...
  • Live: Congress walks out of Lok Sabha after government moves amendment to allow passage of GST Bill 3 days ago

    The BJP issued a notice to it's members to be present to ensure the constitional amendment is passed with 2/3rd majority. ...
  • India seeks to calm investor jitters, stands firm on back taxes 4 days ago

    Mumbai/New Delhi: Senior Finance Ministry officials sought to calm a tax row on Wednesday, promising foreign investors a favourable environment, but stopped short of scrapping unpopular plans to claim retrospective payments. Outside investors in India have previously paid 15 percent on short-term listed equity gains, 5 percent on gains from...
  • GST Bill in Parliament in couple of days, not all issues resolved: Finance Minister 5 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 5 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...
  • Arun Jaitley to meet tax officials again to keep ITR forms simple 6 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 on Monday, Jaitley had held a...
  • Modi government not serious about recovering black money, alleges Ram Jethmalani 6 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 1 week 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...
  • Government to review new Income Tax Return Forms, make them simple April 18, 2015

    New Delhi: Government on Saturday announced that new Income Tax Return (ITR) Forms that require disclosure of details regarding bank accounts and foreign trips undertaken by an individual will be reconsidered, a move that comes after criticism from tax experts and others. It will come out...
  • India's ability to absorb economic shocks is stronger: Arun Jaitley April 18, 2015

    Washington: With the vast depth and size of its market, India's ability to absorb international shocks is far stronger as reflected in the rupee remaining relatively stable, Finance Minister Arun Jaitley has said. "International factors obviously have an impact. Considering the vast depth and size of the Indian market...our ability...
  • Automatic information exchange only way to tackle black money: Arun Jaitley April 18, 2015

    Washington: Finance Minister Arun Jaitley has sought urgent implementation of common reporting standards on automatic exchange of information globally, asserting that it is the only way to tackle the challenges posed by black money. The problem of offshore tax evasion and flow of illicit money can be addressed only by...
  • 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...
  • RBI nod for different rates on deposits with early withdrawal April 16, 2015

    Mumbai: The Reserve Bank on Thursday allowed banks to offer differential interest rates on term deposits depending on whether they are with or without premature withdrawal facility. While all term deposits of individuals (held singly or jointly) of Rs 15 lakh and below should "necessarily" have premature withdrawal facility, RBI said...
  • Arun Jaitley inaugurates Vividh Bharti FM service in Delhi April 14, 2015

    New Delhi: Information and Broadcasting Minister Arun Jaitley inaugurated FM service of Vividh Bharti from Delhi on Tuesday at the All India Radio (AIR), New Broadcasting House. Vividh Bharti on FM will be available in Delhi on 100.1 MHz. This is in addition to its availability on MW (Medium Wave) 1,368...
  • Arun Jaitley leaves for US on April 14 to attend IMF-World Bank meet April 13, 2015

    New Delhi: Finance Minister Arun Jaitley is leaving for the US on Tuesday night to attend the IMF-World Bank Spring meetings in Washington. RBI Governor Raghuram Rajan and other senior officials of the Finance Ministry and the Reserve Bank will participate in the meeting that is likely to focus on the...
  • 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,...
  • Prashant Bhushan slams Arun Jaitley for asking PIL activists to declare their sources of funding April 11, 2015

    New Delhi: Senior lawyer Prashant Bhushan has slammed Union Finance Minister Arun Jaitley for saying that Public Interest Litigations (PIL) activists' should declare their sources of funding. Jaitley had made the comment on Friday while inaugurating the country's first International Financial Services Centre in Gandhinagar. "Those who file PILs against developmental...
  • 'Nanak Shah Fakir': SGPC wants centre to ban the film's screening April 11, 2015

    Chandigarh: The Shiromani Gurdwara Parbandhak Committee (SGPC), the mini-parliament of Sikh religion, has sought the intervention of Prime Minister Narendra Modi and the central government to ban the screening of film 'Nanak Shah Fakir'. In a communication to Modi and union Information and Broadcasting Minister Arun Jaitley, SGPC president Avtar Singh...
  • 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...
  • Yemen rescue operation one of India's biggest achievements: Arun jaitley April 9, 2015

    Bhopal: Finance Minister Arun Jaitley on Thursday termed India's exercise to rescue stranded people from war-ravaged Yemen as country's "one of the biggest achievements so far". "Whatever has happened in Yemen, I think it is India's one of the biggest achievements so far. Besides Indians, we have rescued people of 32...
  • NDA comfortably placed in Parliament as far as Land Bill is concerned, says Arun Jaitley April 9, 2015

    New Delhi: Finance Minister Arun Jaitley on Wednesday said the government is very comfortably placed in the Rajya Sabha to get the new Land Acquisition Bill passed. He also said the government is going about it in a constitutional way saying that the law was framed in consultation with the...
  • Moody's Investors Service raises India's credit rating outlook to positive April 9, 2015

    New Delhi: India's credit rating outlook was raised to positive by Moody's Investors Service signaling optimism in the efforts of Prime Minister Narendra Modi and RBI Governor Raghuram Rajan to improve the economy. The country's Baa3 rating was affirmed and the outlook was revised to positive. In a statement, the...