Finance Minister

Cabinet approves ordinance on Triple Talaq: Arun Jaitley

Finance Minister Arun Jaitley said : The Union Cabinet Tuesday gave its nod to issue the Triple Talaq ordinance, which makes the practice of instant triple talaq by Muslim men a penal offence. A bill which seeks to make the practice of talaq-e-biddat void is pending in Rajya Sabha. The bill will lapse on June 3 with the dissolution of the present Lok Sabha. The Cabinet has given its nod

GST Bill will ‘become a reality soon’: Arun Jaitley

Finance minister Arun Jaitley on Thursday expressed hope that the opposition parties will “see reason” and the Goods and Services Tax (GST), which is currently bogged down in the Rajya Sabha, will become a reality soon. “It (GST) has been supported by most political parties and I am sure others will also see reason and this law will become a reality very soon,” the minister said while inaugurating the two-day

Did not receive any money as DDCA Chief: Arun Jaitley tells court

Finance Minister Arun Jaitley on Tuesday told a Delhi court that he had not received any money from anybody during his tenure as DDCA President and charged Chief Minister Arvind Kejriwal with deflecting attention from CBI probe “against a particular person” working with him. Jaitley alleged that Kejriwal and five other AAP leaders – Kumar Vishwas, Ashutosh, Sanjay Singh, Raghav Chadha and Deepak Bajpai – had falsely stated that as

RBI’s actions to boost growth, investment: Arun Jaitley

Finance Minister Arun Jaitley on Tuesday welcomed Reserve Bank’s cutting the key interest rate by 0.5 per cent, nudging banks to transmit the benefit to borrowers so as to boost investments and the economy. The rate cut, he said, will reduce the cost of funds and help economic recovery. “This decision of the RBI will significantly provide policy support to the real economy and help in the recovery process. We

Arun Jaitley shrugs off Congress threat to disrupt Parliament

Finance Minister Arun Jaitley Thursday brushed aside concerns of Parliament’s upcoming Monsoon Session being disrupted over the Lalit Modi controversy, saying some people may be relevant to TV channels but not to governance. Jaitley said the Bills to amend the Land Acquisition Act and bring in a uniform pan-India Goods and Services Tax (GST) are very crucial for development and hoped no political party takes anti-growth and anti-development position. “Some

IT scrutiny against Robert Vadra started during UPA tenure: Arun Jaitley

Giving a new twist to the Robert Vadra case, Finance Minister Arun Jaitley on Monday said the process for issuing Income Tax notices to him started before he took charge of the Ministry, in a clear hint that it was done during the UPA’s tenure. “The correct facts are whatever notices have been issued, the process was started before I took over this Ministry,” he said. “This whole process had

FM Arun Jaitley to present Union Budget 2015 today

Eager to win over the middle class following Delhi poll debacle, Finance Minister Arun Jaitley is expected to present a common man-friendly Union Budget on Saturday by either raising tax slabs or hiking investment limit in savings instruments. Besides giving sops to individual tax payers, he is also expected to unveil initiatives to boost investments by corporates and promote manufacturing as part of the ‘Make in India’ campaign that aims

Govt shares healthy relationship with RBI, says Arun Jaitley

With the Reserve Bank of India (RBI) holding interest rates despite persistent clamours for a cut, Finance Minister Arun Jaitley said the government shares a ‘healthy’ relationship with the Central bank. “The government and the Reserve Bank have a very healthy relationship. Apart from healthy relationship, you can always afford a healthy debate in a democratic society,” Jaitley said yesterday. Observing that the balance between inflation and growth has to

Arun Jaitley to meet state Finance Miniters today on GST

Finance Minister Arun Jaitley will today meet his state counterparts to iron out the “challenges” in rolling out the Goods and Services Tax (GST).The meeting would “discuss some of the challenges that the states see at this point of time”, Minister of State for Finance Jayant Sinha told reporters on the sidelines of Delhi Economics Conclave here on Wednesday.“On GST we are working on variety of discussions with the states.

Govt may do away with LPG subsidy for rich: Arun Jaitley

Government is considering doing away with the LPG subsidy for the well-off, Finance Minister Arun Jaitley said on Friday. “The next important decision India will have to take is whether people like me…(are) entitled to get our LPG subsidy,” he said. “I think the sooner we are able to take these decisions as to who is entitled to these subsidies, of course some people would be, the better it would

Rahul Gandhi on front bench, Congress on front foot

Shedding his reluctance, Congress vice-president Rahul Gandhi Thursday sat on the front row of the opposition benches in Lok Sabha to listen to the NDA government’s maiden Budget and then tore into the government, accusing it of “usurping” UPA’s ideas and saying that the budget’s overall content would “slow down” the economic pulse. His party, too, called the budget “uninspiring and insipid” and said it failed to live up to

EC orders action against Narendra Modi for political speech

Hours after BJP’s Prime Ministerial candidate Narendra Modi made a political speech, displaying his party’s symbol lotus, after having cast his vote, the Election Commission held him in violation of the provisions of the Representation of Peoples Act, 1951 and directed the Gujarat government to file complaints or FIR against him and others involved in the political meeting. Stating that it had “seen the video recording of the address” made