Arun

  • Jaitley announces some concessions, tax on mutual fund from July 10 5 hours 59 minutes ago

    New Delhi: The government on Friday announced some concessions for mutual fund industry and income tax payers, while committing to low tax regime to promote industrial activity to generate jobs and create more resources to undertake social welfare activities. Announcing the concessions in the Lok Sabha, Finance Minister Arun Jaitley said...
  • Cabinet clears 49% FDI in insurance with Indian control Yesterday

    New Delhi: The Cabinet on Thursday approved 49 per cent foreign investment in insurance companies through the FIPB route ensuring management control in the hands of Indian promoters. "The Cabinet Committee on Economic Affairs has approved raising of FDI cap in insurance sector to 49 per cent from 26 per cent,"...
  • Jaitley or Rajnath, who is number two in the Modi government? 3 days ago

    New Delhi: Even as speculation remains rife over who will be allotted the seat next to Prime Minister Narendra Modi in Parliament, government sources say that Home Minister Rajnath Singh has been allotted that seat. Rajnath getting that seat perhaps is an indication that he is the de-facto number two in...
  • J&K: Ceasefire violation by Pak in Akhnoor sector, 1 soldier killed 3 days ago

    Srinagar: One soldier was killed and two were injured in ceasefire violation by Pakistan in the Akhnoor sector of Jammu on Tuesday. There have been several ceasefire violations by Pakistan in the recent days. Earlier in the day, Defence Minister Arun Jaitley had raised the issue of violations in Parliament. Jaitley had...
  • Revenue collection expected to exceed target this fiscal: Arun Jaitley 4 days ago

    New Delhi: After missing target in the last financial year, the government on Monday exuded confidence that tax collection during the current fiscal would exceed budget estimate of Rs 13.64 lakh crore. "Revenue collection targets fixed for 2014-15 will not only be achieved but also surpassed," Finance Minister Arun Jaitley said....
  • Recapitalisation of PSU banks is on high priority: Arun Jaitley 6 days ago

    New Delhi: Finance Minister Arun Jaitley on Saturday said recapitalisation to the tune of Rs 2.4 lakh crore in public sector banks to meet Basel III norms is a 'high priority' item for the government. "We suggested proposal for recapitalising of public sector banks over the next four years...the government is...
  • India making all efforts to get Swiss bank account holders' list: Jaitley 6 days ago

    New Delhi: The NDA government on Friday said that it was making all efforts to procure the list of illegal bank account holders in Switzerland and was collecting evidence in this regard. Finance Minister Arun Jaitley also said in Lok Sabha that India was in the process of communication with the...
  • India @ 9 with Karma Paljor 6 days ago

    Catch the day's top stories with Karma Paljor on India @ 9. ...
  • Lok Sabha approves Budget 2014 1 week ago

    New Delhi: The Lok Sabha on Friday approved the budget for 2014-15. Prime Minister Narendra Modi's government last week presented its maiden Budget that sought to revive a flagging economy and mend public finances. During the debate on General Budget in the House on Friday, Finance Minister Arun Jaitley spelt out his...
  • More steps will be taken to sustain economic recovery: Arun Jaitley 1 week ago

    New Delhi: Government on Friday blamed the "policy paralysis" and retro tax amendment of the previous UPA regime for the current economic woes and promised to take a series of steps besides the Budgetary provisions for sustainable growth amid indications of some recovery. Finance Minister Arun Jaitley spelt out his intentions...
  • GDP growth to improve this fiscal, says Arun Jaitley 1 week ago

    New Delhi: India's economic growth is expected to improve during the current fiscal from 4.7 per cent in 2013-14, helped by a revival in industrial growth, improved fiscal health and external economic situation, Parliament was informed on Friday. The Economic Survey 2013-14 tabled in the Lok Sabha early this month had...
  • Government closely monitoring Iraq situation: Arun Jaitley 1 week ago

    New Delhi: The government on Friday said it is closely monitoring the situation in Iraq and will calibrate policy response to cope with it. "The turmoil in Iraq has the potential to have an impact on international prices of oil. The government closely monitors the emerging situation and calibrates appropriate policy...
  • Government takes steps to boost production of tea, coffee, rubber 1 week ago

    New Delhi: Government has taken measures to boost the production and export of plantation crops like tea, coffee, rubber and spices through the Plantation Commodity Boards which provide financial and technical assistance to the growers and the industry. Finance Minister Arun Jaitley said the help is offered to the growers and...
  • Jaitley presents Delhi's Budget for Rs 36,776 cr, no new taxes proposed 1 week ago

    New Delhi: Finance Minister Arun Jaitley on Friday presented Delhi's Budget for Rs 36,776 crore in the Lok Sabha. No new taxes have been proposed by the Finance Minister in the budget. Rs 260 crore has been provided for power subsidy in Delhi. Jaitley said that Rs 0.80-1.20 per unit...
  • Uproar over Gaza: Rajya Sabha adjourned twice during Question Hour July 17, 2014

    New Delhi: Congress-led Opposition on Thursday created ruckus in Rajya Sabha over a discussion on violence in Gaza not being listed in the day's agenda, leading to two adjournments during the Question Hour. As soon as the House met for the day, Chairman Hamid Ansari said...
  • BJP creates ruckus in Bihar Assembly July 16, 2014

    Opposition BJP on Wednesday created ruckus in Bihar Assembly over denial of chance to one of its members to ask a question in the House. BJP members were on their feet right protesting the police lathicharge on fixed pay teachers on Tuesday. In the ensuing din the Speaker, who read out names...
  • No 'Number 2' in BJP with Modi away? July 15, 2014

    New Delhi: Who is 'Number two' in the Narendra Modi Government? The question remained unanswered even on Tuesday as none of the top leaders formally presided over the BJP Parliamentary Party meeting, in the absence of the Prime Minister. A day before leaving for the BRICS summit held in Brazil, Modi...
  • Row over Vaidik-Saeed meet: The diplomatic misadventures of a private individual July 15, 2014

    The extremely controversial meeting between 26/11 mastermind Hafiz Saeed and journalist Ved Prakash Vaidik has sparked off a nationwide debate. While opposition Congress slammed the meeting as government sponsored, External Affairs Minister Sushma Swaraj strongly refuted such claims, saying that the government equally condemns such a meeting. ...
  • India in talks with a number of countries for new tax treaties July 15, 2014

    New Delhi: India on Tuesday said negotiations are going on for signing new Double Taxation Avoidance Agreements (DTAAs) with Hong Kong, Iran, Nigeria and three other nations. The three other countries are Azerbaijan, Chile and Venezuela, Finance Minister Arun Jaitley informed Rajya Sabha in in a written reply. Besides, negotiations are also...
  • Government says it has nothing to do with Vaidik-Saeed meet July 15, 2014

    New Delhi: The central government on Tuesday ruled out any link with Ramdev aide Ved Prakash Vaidik's 'interview' with 26/11 mastermind Hafiz Saeed. Speaking in the Lok Sabha, External Affairs Minister Sushma Swaraj said that the allegation that the government facilitated the journalist's meeting with Hafiz Saeed is false and...
  • BJP cornered as Vaidik meets 26/11 mastermind Hafiz Saeed, Congress fumes July 14, 2014

    New Delhi: The Bharatiya Janata Party on Monday was cornered by the Congress over a meeting between senior journalist Ved Pratap Vaidik and 26/11 mastermind Hafiz Saeed in Pakistan. Even though Union Minister Arun Jaitley said that the government had not authorised the meeting, the Congress was demanding more answers. Vaidik...
  • Budget modestly credit positive for India: Moody's July 14, 2014

    New Delhi: Rating agency Moody's on Monday said the budget 2014-15 has outlined steps to support faster economic growth, but absence of detailed implementation plan makes it modestly credit positive for India. "Unless the budget is followed by a more specific implementation plan, as well as additional measures to address macroeconomic...
  • S&P says budget has no impact on India's sovereign ratings July 14, 2014

    Mumbai: Standard & Poor's said that the budget would not have an impact on India's sovereign ratings until the agency could see how the measures will be implemented, especially regarding meeting the fiscal deficit target. Finance Minister Arun Jaitley said last week that India would stick to the fiscal deficit target...
  • Modi's farm export curbs may ease India's June inflation July 14, 2014

    New Delhi: India's inflation probably eased marginally in June after the new government curbed farm exports, but a growing risk that drought will shrivel summer crops could encourage the Reserve Bank of India to keep interest rates on hold. Prime Minister Narendra Modi, elected in May amid anger over rising prices,...
  • Finance secretary Mayaram defends 4.1 per cent fiscal deficit target July 13, 2014

    New Delhi: Finance Secretary Arvind Mayaram said that plans announced in this week's budget to stick to a fiscal deficit target of 4.1 per cent of GDP are "very credible", despite criticism from ratings agencies that the number is optimistic. Prime Minister Narendra Modi, who took office in May, on Thursday...
  • TWTW: 'Experts' discuss Arun Jaitley's maiden Union Budget July 13, 2014

    Finance Minister Arun Jaitley presented his maiden budget for the Narendra Modi government on July 10. Brushing aside criticism of not having done enough reforms in the Budget, Jaitley said this was the beginning of the journey and he did all he could do under the given circumstances. ...
  • TWTW: The Union Budget in the eyes of the common man July 13, 2014

    Finance Minister Arun Jaitley presented his maiden budget for the Narendra Modi government on July 10. He gave a cautious testament of fiscal prudence combined with steps for encouraging increased investments, for boosting industrial infrastructure through roads, airports, ports and smart cities, and for providing cost breaks to specific industries....
  • Duty free allowance of cigarettes, cigars at airports halved July 13, 2014

    New Delhi: In another step against smoking, the government has reduced by 50 per cent duty free allowance of cigarettes to 100 sticks and 25 cigars in airports. The decision comes barely a day after Union Finance Minister Arun Jaitley proposed 'sin tax' and announced increase in excise duty on...
  • Decision on government formation in capital soon: Delhi BJP chief July 13, 2014

    New Delhi: Tasked to strengthen the party, newly-appointed Delhi BJP President Satish Upadhyay on Sunday said a final decision on whether to attempt a shot at government formation or seek fresh mandate in the capital will be taken "soon" after eliciting the opinion of MLAs, MPs and senior leaders. 52-year-old...
  • More tax concessions when economy improves: Finance Minister July 12, 2014

    New Delhi: Finance Minister Arun Jaitley on Saturday promised more concessions in income tax when the economy improves. "We do not want a high taxation regime. It was because of the high taxation regime of the previous government that inflation rose." "I think there was never a Union Budget since 1947, which...