Despite government's best efforts, there are 'actors' in the system who are not well-intentioned, and that ends up with very aggressive tax demands which is unnecessary, former NDA cabinet minister Jayant Sinha told Moneycontrol.
The Hazaribagh MP said he voted through postal ballot as he was outside the country on the polling day
Jayant Sinha, son of former Union Finance Minister Yashwant Sinha, is the sitting MP of Hazaribagh
The Parliamentary Panel on Finance feels that there is a need to rationalise the GST rate on insurance products, especially health and term insurance.
Sinha backed the FM's claim that the average real income of the people has increased by fifty per cent and noted that the government calculated it based on the changes in income over the last 10 years.
Keeping India's approach towards a greener future in check, Chairperson of the Parliamentary Standing Committee on Finance, Jayant Sinha says that India is committed to achieve Net Zero Emissions By 2070.
If the last 20 years have been terrific for India, the next two decades will see four times the progress, says Jayant Sinha, Chairperson of the Parliamentary Standing Committee on Finance.
The Moneycontrol Policy Next summit on January 18 will explore what more can be done at the policy level to achieve the country’s vision of a ‘$10 trillion economy,’ with leading voices across fields putting forth their opinions.
Green energy, digitsation and de-risking global supply chains are the big themes playing out at the moment, said the BJP MP
India needs to embark on sustainable path to growth. Not farm to factory but farm to green frontier and grow at 8 per cent every year for the next 25 years to achieve a per capita income of $15,000. This would catapult India to a high income country. Watch the whole conversation with BJP MP & Chair of the parliamentary committee on finance, Jayant Sinha!
The MP underlines the necessity of supporting vulnerable sections of the population even at the cost of a higher fiscal deposit.
As the budget is approaching, people are curious about the income tax rates. Will an income taxpayer get any respite? In an exclusive pre-budget interview with Moneycontrol, Jayant Sinha discussed everything from the upheaval in the global economy, and the effects of the Russia-Ukraine war on India, to how India is ensuring a balance between growth and inflation. Watch for more.
India is revamping its competition law and also pitching for tighter Ex-Ante regulations on tech giants. Standing Committee on Finance recently tabled a report on anti-competitive practices by big techs. Jayant Sinha, Chair of the Standing Committee on Finance, exclusively speaks to Moneycontrol's Deputy Editor Shweta Punj on what were the key challenges he faced while drafting the report and how these reforms will change the way of business. Watch for more.
Sinha also said one of the key challenges today is to create quality jobs for the millions who join the workforce every year, however, the aspirations of landing a government job cannot be fulfilled and they are limited.
Participating in the debate on price rise in Lok Sabha, BJP leader Jayant Sinha contended that the government has ensured that the ''thali'' (plate) of the poor is full of eatables and the people are shielded from the impact of inflation caused by the COVID-19 pandemic and the Ukraine crisis
On July 21, the committee conducted a hearing that was attended by top executives of eight domestic tech firms, including Paytm founder Vijay Shekhar Sharma and OYO founder Ritesh Agarwal
Briefing the Parliamentary Standing Committee on Finance chaired by former minister of state for finance Jayant Sinha, top officials of the RBI expressed their apprehensions about cryptocurrencies and said these pose challenges to the stability of the financial system.
A total of 29 candidates were announced by the Samajwadi Party-led alliance, out of which 19 seats went to Jayant Sinha’s party -- the Rashtriya Lok Dal.
This will be the first meeting on the subject to be convened by the Parliamentary Standing Committee on Finance on the subject, which has generated a lot of interest as well as concerns in various quarters around investment potential and risks.
Jayant Sinha, a BJP MP, chairs the Parliamentary Standing Committee for Finance. Asked about a potential conflict of interest, Sinha has said that Members of Parliament routinely continue their professions.
The impact of this Budget will be that the country will not only see a very strong recovery this fiscal, but also in the following years, India will continue to grow at 7 to 8 percent, said Jayant Sinha, who was the minister of state for finance in the first term of the Modi government.
"What is the importance of the USD 5 trillion economy? We are USD 2 trillion economy. When we achieve the size of USD 5 trillion, production in the country will be around USD 3.5 trillion. If production reaches USD 3.5 trillion, we will be able to eradicate poverty from the country," the former MoS for Finance said.
"If the LIC required more capital, it would be able to take it from the market and not from the government. The more than 10 lakh crore capital of the LIC would be helpful for us all. It could help us get funds for constructing infrastructure like medical colleges," Sinha said.
Speaking during the debate on Union Budget 2019-20 in Lok Sabha, the BJP leader expressed confidence that the Centre will not only meet its target of $5-trillion economy but reach the $10 trillion mark.
The minister of state for civil aviation defeated Congress's Gopal Prasad Sahu, officials said.