Tag Archives: arun jaitley

GST Council to Meet on Sunday to Finalise GST Roll Out

The Union Minister for Finance, Defence and Corporate Affairs, Mr Arun Jaitley will chair the 16th Meeting of the GST Council scheduled to be held on Sunday, 11th June, 2017 at Vigyan Bhavan in New Delhi. The one day Meeting will also be attended among others by the Finance Ministers of different States and UTs (having elected assembly) being the ...

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Govt to Review State-Owned Banks’ Performance

The Union Minister for Finance, Defence and Corporate Affairs, Mr Arun Jaitley will chair a meeting of CMDs/CEOs of the Public Sector Banks to review their performance on 12th June, 2017 in New Delhi. This will be the First Meeting in the Current Financial Year 2017-18 which will discuss issues and solutions relating to Non Performing Assets (NPAs) of the Public ...

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Modi Followers on Facebook Tripled in 3 Years to 41.9 Million

Ever since Narendra Modi won elections in May 2014, the number of his followers on Facebook tripled from 14 million to 41.9 million today, making him the most-followed leader in the world, thanks to increased importance of social media in India. However, in a country of 125 crore population, 4 crore followers on Facebook may sound too little but the ...

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Demonetisation – A Look Back at the last Two Months

    *By Arun Jaitley Two months have passed since the Prime Minister announced the decision that high denominational currency notes would cease to be a legal tender. Subsequently those notes have been demonetised. When 86% of a country’s currency constituting 12.2% of its GDP, is squeezed out of the market and sought to be replaced by a new currency, ...

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India Revamps Insolvency Scheme, Sets up New Board

Union Minister of Finance and Corporate Affairs Arun Jaitley has unveiled a new initiative by setting-up the Insolvency and Bankruptcy Board of India (IBBI) that he said was done by the present Government in the shortest possible time. The Finance and Corporate Affairs Minister was speaking at the function organized by the Insolvency and Bankruptcy Board of India (IBBI) on ...

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Friday Bharat Bandh: What to Expect in Country-wide Shut Down?

Despite eleventh hour effort to stop the trade unions’ call for a Bharat Bandh on Friday with hike in minimum wage hike, government has failed to stem the shut down which will affect the country, ranging from shutdown of banks, factories and government offices across the nation. While state governments will take a decision on closure of schools and colleges, ...

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15 Key Reform Measures in Indian Budget 2016-17

With its focus on agriculture and farmers’ welfare, mission to provide LPG connection to poor households, a new health protection scheme, increased outlay for infrastructure, Rs. 2.87 Lakh crore Grant in Aid to Gram Panchayats and Municipalities, setting up of 1500 Multi Skill Training Institutes and incentives for jobs creation, the Budget 2016 presented in Lok Sabha today by Union ...

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TTD Asked to Deposit Gold Offerings to Lord Venkateswara in Banks Under Modi Gold Scheme

Following the Centre’s move to mobilize gold stash into bank deposits has reportedly found favour with the ally Telugu Desam government which has directed the Tirumala Tirupathi Devastanams to deposit its gold ornaments and coins under the scheme. The Tirumala temple (of Balaji) is the richest Hindu temple in the world and devotees offer nearly one tonne worth gold every ...

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Aamir Khan Hints at Anarchy or Mere Intolerance?

Leaving aside Shahrukh Khan who was asked by some Hindutva elements to go and live in Pakistan, it was another Khan, that too, Aamir Khan who had voiced his disenchantment with intolerance, which is vividly growing in the country unabated. Aamir Khan, who was behind “Satyameva jayate” TV show and champion of “Incredible India” has come out openly expressing his ...

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Digital India initiative Complimentary to RTI, says PM

  Prime Minister Narendra Modi, today described the “Right To Information” Act as a tool through which the common man has got not just the right to know, but also the right to question those in power. In his remarks at the 10th Annual Convention of the Central Information Commission (CIC), the Prime Minister said that the Union Government’s “Digital ...

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Why OROP Issue Was a Pre-poll Miscalculation by Modi?

The One Rank One Pension (OROP) scheme that was hanging on the Finance Ministry for over five years, both the Congress-led UPA government and the BJP-led NDA government under Narendra Modi should own the responsibility for perpetuating it despite full knowledge that it was beyond mere political calculations involving a huge dent on the exchequer. While the Congress relented just ...

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India Keen on Balanced Climate Change Pact: Prakash Javadekar

Prior to the 2015 United Nations Climate Change meeting, India has started to collaborate with several countries as it profoundly looks forward to guarantee a fair and equalized contract at the summit, scheduled to be held in December. Union Environment Minister, Prakash Javadekar declared this at the Lok Sabha yesterday. He informed that the government was already in the course ...

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‘One Rank One Pension’ Protests Hit Streets as Finance Ministry Finds ‘No Funds’

The One Rank, One Pension (OROP) implementation delay has led to protests by ex-servicemen on Sunday demanding implementation of the policy that was approved by the Congress government, assured by PM candidate Narendra Modi in 2013, but failed to figure in the Budget allocation this year. The sensitive implentation of OROP entails uniform pension benefits for those defence personnel who ...

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What’s Goods, Services Tax (GST) ?

Finance Minister Arun Jaitley on Friday moved a bill for debate and passage to amend the constitution and allow a single goods and services tax regime for the cuntry that will subsume all central and state levies and create a single Indian market. The Constitution (122nd Amendment) Bill, 2014, was placed before the Lok Sabha, the lower house of parliamment ...

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One Rank One Pension Scheme Accepted but Legalities Pending: Minister

The principle of One Rank One Pension for the Armed Forces has been accepted by the government, said defence minister Manohar Parrikar in a written reply to a question in the Lok Sabha on Friday. The modalities for implementation have been discussed with various stakeholders and are presently under consideration, the financial implication need to be calculated, once the modalities ...

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13% Increase in Allocation for Education in Budget?

Giving a boost to higher learning and with the promise of providing one major central institute in each state, India has earmarked Rs.26,855 crore for higher education, an increase of over 13 percent over last year, not revealing how much percentage in overall budget. For the year 2015-2016, the government allocated Rs.26,855 crore to the department of higher education under ...

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Budget 2015-16 Full Text

Here is the full text of Budget speech by Finance Minister Arun Jaitley: “Madam Speaker, I rise to present the Budget of the Union for the year 2015-16. 2. I present this Budget in an economic environment which is far more positive than in the recent past. When other economies are facing serious challenges, India is about to take-off on ...

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Budget Live: Finance Minister Presenting Budget in Lok Sabha

Union Finance Minister Arun Jaitley reached parliament with the iconic briefcase containing the budget papers at 10 am this morning and he will present his first full-year budget for the fiscal 2015-2016 at aound after 11.00 am, unless the opposition allows without too many interruptions. One of the notable absentees will be Congress leader Rahul Gandhi, who has taken leave ...

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Sensex Moves up Slightly Ahead of Budget Presentation by Finance Minister

Sensex, the 30-scrip Sensitive Index (Sensex), on Saturday surged 213.71 points or 0.73 percent in the early session ahead of the Union Budget presentation by Finance Minister Arun Jaitley in parliament at 11:00 am. The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 56.85 points or 0.64 percent up at 8,901.45 points. The Sensex of the ...

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