Soon after the presentation of Union Budget, it is a customary practice for the finance minister to address the boards of the SEBI and the RBI.
PM Modi is likely to meet Swiss premier Alain Berset and is expected to discuss the issue of financial transparency and black money
The minister was speaking at the launch of National CSR Data Portal and Corporate Data Portal of the MCA. He said because of online availability of data, it has become easier to dissect any impropriety, including that of funds being channeled through shell companies.
In a statement, party spokesperson GVL Narasimha Rao said the government has given a huge encouragement to an informal sector, which showcases India's traditions, by exempting 29 handicraft items from the Goods and Services Tax (GST) regime.
This is part of the customary pre-Budget consultation which the Union Finance Minister holds with his state peers.
Council’s New Delhi meet on Thursday to take up big bang recommendations from states and various officers’ panel
In Budget 2015-16, Arun Jaitley had laid a roadmap to bring down the corporate tax rate to 25 percent within four years
The high-level meeting was also attended by Principal Secretary to the Prime Minister Nripendra Misra, senior officials of power ministry, SBI chairman Rajnish Kumar, among others, sources said.
The industry is doubtful whether Jaitley would fulfil his promise of reducing the corporate tax rate from 30 percent to 25 percent over four years. However, it wants the minister to consider moderating it to at least 28 percent in the forthcoming Budget.
He said foreign investment contributes only 2 percent to India’s investments and unless accompanied by technological transformation, it is not of much use for the economy.
The deadline for filing GSTR-1 for July-November, 2017, will end tomorrow. The Finance Ministry had last month extended the due date for filing GSTR-1 from December 31 to January 10.
The meeting, being organised by government think tank NITI Aayog, will be attended by a host of ministers including Finance Minister Arun Jaitley, NITI Aayog functionaries and leading economists.
While a task force on direct tax reforms will submit its report by May, the Budget speech may indicate broad pointers of the blueprint
Jaitley said in Lok Sabha that Skills Acquisition and Knowledge Awareness for Livelihood (SANKALP) is a project worth US dollar 675 million, including World Bank assistance of USD 500 million, in two tranches of USD 250 million each, with a six-year implementation schedule.
As soon as Finance Minister Arun Jaitley ended his reply on farm loan waiver during the Question Hour around 11.30 am, a man raised "Bharat mata ki jai" slogan twice.
Finance Minister Arun Jaitley said that Bill will not only provide additional protections to the depositors but will require prior consent of the depositors for bail-in for saving the bank.
The committee, which will be headed by Finance minister Arun Jaitley, will have representations from other ministries including Shipping and Law. Members from NITI Aayog will also be a part of this committee
Finance Minister Arun Jaitley in October had announced an unprecedented Rs 2.11 lakh crore two-year road map to strengthen PSBs, reeling under high non performing assets (NPAs) or bad loans. Their NPAs have increased to Rs 7.33 lakh crore as of June 2017, from Rs 2.75 lakh crore in March 2015.
The move could be part of a strategy to encourage people to save more in financial instruments.
Addressing the BJP Parliamentary Party, the Union finance minister also said the government wanted a debate on the bill, which criminalises instant talaq, and its passage with a consensus like the GST bill, Parliamentary Affairs Minister Ananth Kumar told reporters.
Finance Minister Arun Jaitley today assured the Rajya Sabha that the government is considering putting in place a "much better" security measure for bank depositors and is open to suggestions for raising the deposit insurance limit from Rs 1 lakh currently.
The council, which will meet on January 18, will also look at the provisions for the proposed e-wallet facility to enable speedy refunds to exporters
Finance Minister Arun Jaitley said the slower economic growth reflected lower growth in the industry and the services sectors, due to a number of factors including structural, external, fiscal and monetary factors.
Speaking in the Rajya Sabha, Jaitley said the perception that PM Modi had insinuated a collusion between Manmohan Singh and Pakistani officials was “erroneous”.
While Jaitley and Pandey are the party’s central observers for the exercise, state BJP in-charge Bhupender Yadav and co-incharge V Satish would also attend the meeting at party headquarters 'Kamalam', the party’s state unit chief Jitu Vaghani told reporters.