The Direct Benefit Transfer on LPG, which has been recognised by the Guinness Book of World Records as the largest cash transfer programme in the world, has eliminated "middle-men and black marketers" and ensured the fuel is delivered to right people, he said.
Acknowledging that there may be merit in Congress demand for 18 per cent rate of GST, he said the NDA government has not made any significant modifications to the bill that the Congress-led UPA government had proposed in 2006-07 Budget, except to bring a consensus between manufacturing and the consuming states.
The Finance Ministry on Friday sought Parliament's nod for making an additional equity infusion into Air India worth Rs 800 crore, less than half the amount sought by the Civil Aviation Ministry for the national carrier.
The Union Cabinet today moved amendments to the GST Constitutional Amendment Bill, approved passage of a new consumer protection bill as well as setting up of the Rs 20,000 crore National Investment & Infrastructure Fund that was announced in the Budget this year.
India focused equity funds have witnessed an inflow of over USD 9.5 billion from worldwide investors in the first six months of the year, while neighboring China has seen a hefty outflow of USD 17 billion during the same period, says a report.
The bank's shareholders, at its Annual General Meeting (AGM) yesterday, also approved an increase in its borrowing limit to Rs 50,000 crore, as also hiking the combined investment limit for FPIs and FIIs to 74 percent.
Phased replacement of fossil fuel-based vehicles with those based on latest technologies will lead to a net saving of Rs 14,000 crore, Union Minister for Heavy Industries and Public Enterprises Anant Geete said.
Finance minister Arun Jaitley had announced the setting up of National Investment and Infrastructure Fund (NIIF) in the Union Budget. The North Block has now issued a draft Cabinet note on its formation.
Analysts polled by CNBC-TV18 expect volume growth to continue to remain muted in Q4 impacted by four consecutive years of excise duty hikes and corresponding price hikes of 15 percent taken post Union Budget. Cigarette volumes are expected to decline by 9-10 percent, similar to what was seen in last quarter.
This is the time of the year when annual review is over and most employed individuals do get their annual hike. Other important events such as Union budget too are over. This opportune time to plan your money matters.