Finance Ministers

Budget 2024: Here are some of the best quotes from past Budget speeches by finance ministers.

GST Timeline: 11 years, 3 governments, 3 Finance Ministers

GST promises to stitch together a common national market by replacing a string of central and local levies such as excise, value added tax, octroy, service tax into a single unified levy.

Union Budget Series: Finance ministers and their Budget speeches

Finance in their Budget speeches have often quoted poets, saints, economists and litterateurs to buttress a given political social and economic context.

Union Budget Series: Key takeaway from economic survey

Finance Minister Arun Jaitley presented the economic survey, authored by the chief economic adviser, on Tuesday January 31, 2017. It is an official report on the economy and sets the tone for the Union Budget.

Union Budget Series: Key terms in the Budget

Financial year and assessment year. Financial year (FY) runs from April 1 to March 31 of the next year; assessment year (AY) is the year following the FY. Tax on income earned in an FY is paid during the AY.

Union Budget Series: Parliamentary process

It all begins with the finance minister‘s speech in the Lok Sabha. The Budget is then tabled in parliament. Discussions on the economy and broad Budget measures take place without voting. The parliament then breaks for a three-week recess. Parliamentary Standing Committees give reports on ministries‘ estimates or demands for grants.

Union Budget Series: Making of Budget

The exercise to make the Budget is a long-drawn one. It juggles political pressures, economy‘s priorities and utmost secrecy. Budget work begins in August with a circular to ministries and departments. They reply with details of funds they need.

Union Budget 2017-18: A look at who Finance Ministers have quoted in their speeches

The Finance Ministers, in their Budget speeches, have often quoted famous economists, poets, ministers and even litteratures to give a political and economic context.

Budget 2017: See which FMs had a literary bone in them

Over the years Finance Ministers in India have unleashed their literary spirit from within. In their Budget speeches, they have often quoted poets, saints, economists and litterateurs to buttress a given political social and economic context. Here are a few select picks from the annals.

Institutional identity of RBI has been damaged: YV Reddy

Speaking exclusively to CNBC-TV18 Former RBI Governor YV Reddy said that the institutional identity of the banking regulator has been damaged. It is a full-service central bank, he said, adding that the emphasis is only on the monetary policy.

Four-tier GST rate mooted: Will cess play spoilsport?

The GST Council today met as part of a three-day meeting where it agreed upon a number of contentious issues, such as the compensation formula, and it is set to deliberate the remaining ones over the next two days.

World leaders make inclusive growth their top priority

The meeting held here this week was attended by finance ministers from countries all over the world. The Indian delegation was led by Union Finance Minister Arun Jaitley.

BRICS Contingent Reserve Arrangement operational: Jaitley

CRA, established in 2015 by BRICS member nations Brazil, Russia, India, China and South Africa, is a framework for the provision of support through liquidity and precautionary instruments in response to actual or potential short-term balance of payments pressures.

Congress CMs to press for 18% GST cap

The party leadership has written to the chief ministers and finance ministers, asking them to firmly reiterate the capping of the GST rate at 18 per cent in the upcoming meeting.

Industry for mechanism to advice traders on GST provisions

In its representation, Assocham will pitch for a two-year grace period during which the government may refrain from taking penal actions except in case of tax frauds on non-deposit of collected taxes.

State FMs to meet industry chambers to discuss model GST law

The meeting comes in the backdrop of certain procedural issues raised by the trade and industry with regard to implementation of the Goods and Services Tax (GST), which will create an unified market with a single rate of tax.

Some clauses in GST Bill depart from Committee decision:Isaac

In a letter to Union Finance Minister Arun Jaitley, State Finance Minister T M Thomas Isaac claimed the proposed amendment to clause 10 of the bill of the 122nd amendment was not discussed at the Empowered Committee meeting.

'Subbarao has done grave injustice to his political masters'

Noting that the RBI has always been independent, Ramesh argued that the elected government of the day is answerable to the people of the country, while the central bank is not.

Euro zone to discuss Greek debt relief soon, after reform review

The debt talks will focus on extending the maturities of loans from the euro zone, their grace periods and on some interest rate reductions to cap annual debt servicing costs at a manageable level. There will be no write-off of capital.

G-20 Summit: China tries to soothe nerves over faltering eco

Finance Ministers and central bankers of the world's 20 most powerful nations are in Shanghai, China for the G-20 Summit.

Arun Jaitley to skip G20 meet in Shanghai beginning February 26

Additional Secretary from Finance Ministry Dinesh Sharma would be attending the meeting as most of the officials, including Economic Affairs Secretary Shaktikanta Das, would be busy with the Budget.

G20 FMs approve final standards for global tax reforms

Finance Ministers from India and other G20 countries have endorsed the final detailed action plan for putting in place a coherent and transparent global tax regime to curb artificial profit-shifting ways

US must ratify IMF reform to avoid isolation: Eurogroup FM

The US Congress has not yet ratified the reform because of political deadlock in Washington. This is holding up change in the IMF, angering emerging economies that do not feel their representation in the fund reflects their growing importance.

C'wealth FMs to focus on global tax reforms co-operation

Delegates will discuss the need for developing countries to be more active in global negotiations to prevent international tax avoidance and illegal tax evasion. The meeting will take place ahead of the International Monetary Fund and World Bank annual meetings.

China stock market correction 'mostly over': PBoC governor

Sharp drops in the country's equities after a debt-fuelled rise earlier in the year have spooked domestic and international investors and forced Beijing to launch a raft of policies aimed at stemming further losses. Chinese stock markets are down nearly 40 percent from their June peak.