Jaitley, who returned from his UK visit this morning, seemed to agree with RBI Governor Urjit Patel's assertion of a sharp V-shaped recovery as remonetisation picks up.
During his meeting with World Bank CEO Kristalina Georgieva, Jaitley also emphasised on the need for developing countries like India to have more voting right at the multilateral lender.
The high court said that Kejriwal's plea, which also sought the bank statements of Jaitley's family members and companies in which he or they had over 10 percent shareholding, was a "fishing or roving enquiry" and did not have any merit.
Union Finance Minister Arun Jaitley today held a series of meetings with UK investors as he projected India as one of the bright spots for investments amid global economic slowdown.
Following the market open ceremony, Nikhil Rathi, CEO, London Stock Exchange (LSE) plc, hosted a roundtable event with Jaitley, delegates from the Federation of Indian Chambers of Commerce & Industry (FICCI), fin-tech companies and leading investors.
Referring to a major drop in students coming to study at the UK universities over the last few years, he highlighted that there were other countries that were more welcoming.
"Certainly, when the opportunity does come, I do take that opportunity to mention it (issue of defaulters based in Britain) to my counterparts here," he told reporters here when asked if the issue of defaulters based in the UK will feature on the agenda of his discussions with British ministers.
India has potential to grow faster and plans are underway to reduce poverty and create jobs in rural areas, Finance Minister Arun Jaitley said today, even as he ruled out the country becoming totally 'cashless' immediately.
The cash outgo will go towards acquiring the government holding as well as buying an additional 26 percent stake in HPCL via an open offer.
Jaitley, in his Budget speech, had spoken of creating oil majors which would be able to match the performance of international and domestic private sector oil and gas companies.
During her first official visit to the country, Georgieva will meet with senior leaders at a time when India's economic growth is "one of the bright spots" in the global economy, the World Bank said in a statement.
"When Mr Jaitley was President of DUSU in 1975, was he heading an 'Alliance of Subversion'?" the former Finance and Home Minister in the UPA government twitted.
Finance Minister Arun Jaitley today said democracy is liberal enough in the UK to permit defaulters to stay here and that "normal" needs to be cracked, in an apparent reference to liquor baron Vijay Mallya, who is wanted in India for loan default and other cases.
Finance Minister Arun Jaitley today said the demonetisation process is almost complete, hailing it as the "smoothest possible replacement" of high denomination currency anywhere in the world.
Pension Fund Regulatory and Development Authority (PFRDA) said that they are looking to have a systematic withdrawal plan for National Pension System (NPS) wherein individuals will have an option to have between 15-20 years where they can withdraw a fixed sum from their pension fund.
The government is a majority stakeholder in both, HPCL and BPCL, holding a stake of 51.1 percent in HPCL and 54.9 percent in BPCL. ONGC is unlikely to take over both entities for a mega public sector oil firm.
The government will launch within a month two schemes -- the Referral Bonus Scheme for individuals and Cash-back Scheme for merchants -- to promote the indigenous digital payments app BHIM.
Even as the government has approved State Bank of India‘s (SBI) merger with its five subsidiaries, further consolidation in the public sector banking space could be delayed.
According to experts, several factors including higher cost of vehicles, power outages, lack of charging infrastructure and dearth of facilities for eco-friendly disposal of batteries to curb pollution are among the factors inhibiting consumers from buying electric vehicles in India.
India and European Union (EU) today discussed the possibility of accelerating the negotiation process of the proposed free trade agreement, which has been pending since long.
The government is considering divesting a portion of the paid-up equity share capital through an IPO and has sought Expression of Interest (EoI) from merchant bankers by March 16.
MS Mani, Senior Director, Deloitte, said the clause will also help curb inflationary pressures on the economy when GST is implemented.
The GST Council, which is meeting on Saturday, is likely to finalise the draft model GST law including final drafting of the anti-profiteering clause to ensure benefit of lower taxes gets shared with consumers.
The government is keen to finish the entire procedure of listing CPSEs within 165-180 days - that is right from the time the administration ministry decides on an IPO to the actual listing.
Finance Minister Arun Jaitley today said normalcy has been restored within few weeks of the unprecedented decision to recall 86 per cent of the currency in circulation and there is no shortage of notes in market.