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state funding of polls may not be popular once rolled out: fm arun jaitley


by: pti | new delhi | published:march 8, 2017 10:30 pm union finance minister arun jaitley (file photo)finance minister arun jaitley on wednesday said state funding of polls needs to be debated as cynics may question why people should be taxed extra to fund elections and there is “no guarantee” that outside money will not find its way into campaign financing. jaitley was all for financing of political parties through ‘electoral bonds’, which he proposed in his budget speech. the bonds will open for sale a little before every election and donors can buy the bearer bonds from scheduled banks and donate to parties of their choice.“it (state funding of elections) is a possible suggestion. but i will add only two caveats. it should not be read that i am critical of it. “many a...






arun jaitley: state funding of polls may not be popular once rolled out: fm arun


new delhi: finance minister arun jaitley today said state funding of polls needs to be debated as cynics may question why people should be taxed extra to fund elections and there is "no guarantee" that outside money will not find its way into campaign financing. jaitley was all for financing of political parties through 'electoral bonds', which he proposed in his budget speech. the bonds will open for sale a little before every election and donors can buy the bearer bonds from scheduled banks and donate to parties of their choice. "it (state funding of elections) is a possible suggestion. but i will add only two caveats. it should not be read that i am critical of it. "many are going to question in long run in india given the level of cynicism in public opinion as to why people shoul...






arun jaitley won applause with his couplets while presenting budget 2017


union finance minister arun jaitley on wednesday presented his fourth union budget before the parliament. the budget umed a lot of significance in the wake of the demoneti ion move announced by the narendra modi government on november 8 last year.the budget speeches are often riddled with complex financial jargons which sometimes go over our heads. in recent times, the finance ministers have tried to lighten the atmosphere with some poetic couplets which often receive applause from the benches. jaitley during his speech recited hindi poems which left the house awestruck. here are some of the lines which otherwise go unnoticed amid major announcements on taxations, revenue, excise policy and blah, blah.you may also likeand there’s more from the finance minister.arun jaitley was at his poeti






pm modi congratulates fm arun jaitley on presenting 'uttam' budget


soon after finance minister arun jaitley presented the union budget 2017, prime minister narendra modi on february 1 congratulated the fm for presenting a “uttam” budget.here’s what he had to say:the fm has presented an ‘uttam’ budget, devoted to strengthening the hands of the poorthe merger of the railway budget with the general budget will give an impetus to the transport sector’s growththe aim of the government is to double the income of farmersthis budget is yet again devoted to the well-being of the villages, farmers and the poorspecial emphasis has been given on women empowerment in the budgetthe housing sector stands to gain immensely from the budgetthe commitment to eliminate corruption and black money is reflected in the budgetthis budget will help small businesses to become compe






arun jaitley: arun jaitley and ram jethmalani slug it out in court | delhi news


new delhi: union finance minister arun jaitley on monday appeared in delhi high court to face a pugnacious ram jethmalani who cross-examined him in connection with his defamation suit against chief minister arvind kejriwal and other aap functionaries. appearing for kejriwal, jethmalani fired a salvo of 52 questions at jaitley in the nearly daylong proceedings in a jam-packed court, but 11 of these were "disallowed" by joint registrar amit kumar for either being a "matter of record and irrelevant to the case", or for being "questions of law and not fact" that could be argued later. at one stage, jethmalani brought out a dictionary and asked jaitley the difference between "goodwill" and "reputation", but the query was shot down by the court. during the cross-ex...






when ram jethmalani cross examined arun jaitley in court


written by anindya thakuria | new delhi | updated: march 7, 2017 8:23 am union finance minister arun jaitley at the delhi high court, monday. (source: express photo by amit mehra)cross examination of finance minister arun jaitley by senior lawyer ram jethmalani led to drama in the courtroom monday as the latter raised a range of issues — from jaitley’s command over english to his knowledge of the civil procedure code to whether the minister had “personal feeling of greatness that cannot be quantified in fiscal measure”. the court was hearing a civil defamation suit filed by jaitley against chief minister arvind kejriwal in the delhi high court. “i’m more interested in your knowledge of civil law,” said jethmalani, starting his cross questioning after jaitley introduced h...






gst to be implemented from july 1 says finance minister arun jaitley


in the eleventh (goods and services tax) gst council meet held on march 4, central gst and integrated gst law has been cleared. heading the council meet, the finance minister arun jaitley told states that the government has accepted all 26 points related to pan-india taxation raised by them.fm jaitley said, “final drafts of cgst and igst laws were circulated to gst council. today, laws were put for discussion, gst council approved the laws.”“legal committee is giving a finishing touch to drafts of utgst and sgst laws. drafts will be put for approval on march 16 in 12th meeting of council,” jaitley added.1st july this year now optimistically looks like the possible date for the implementation of the gst: finance minister arun jaitley pic.twitter.com/vr6qqhcexf— ani (@ani_news) ...






pm modi congratulates fm arun jaitley on presenting 'uttam' budget


soon after finance minister arun jaitley presented the union budget 2017, prime minister narendra modi on february 1 congratulated the fm for presenting a “uttam” budget.the fm has presented an ‘uttam’ budget, devoted to strengthening the hands of the poorthe merger of the railway budget with the general budget will give an impetus to the transport sector’s growththe aim of the government is to double the income of farmersthis budget is yet again devoted to the well-being of the villages, farmers and the poorspecial emphasis has been given on women empowerment in the budgetthe housing sector stands to gain immensely from the budgetthe commitment to eliminate corruption and black money is reflected in the budgetthis budget will help small businesses to become competitive in the global marke






high cash economy leads to tax evasion, corruption: arun jaitley in ls


by: express web desk | new delhi | updated: february 9, 2017 4:30 pm finance minister arun jaitley tabling the union budget for 2017 in the parliament in new delhi on wednesday. pti p o/tv grabunion finance minister arun jaitley on thursday said when the opposition was in power, their fiscal deficit quality was poor as they maintained it by cutting expenditure. “but we spent more than what was budgeted and upped it in the last two years,” said jaitley in the lok sabha. speaking on corruption, the finance minister said, “we were a high cash economy and this economy leads to tax evasion, corruption and a parallel economy. if you are a cashless society, crimes will still take place, but cash is the biggest facilitator of crime,” he said, adding that lakhs and crores of money returned to rbi






demonetisation process is almost complete, says arun jaitley


by: pti | london | published:february 25, 2017 8:42 pm union finance minister arun jaitley. (pti photo) finance minister arun jaitley on saturday said the demonetisation process is almost complete, hailing it as the “smoothest possible replacement” of high denomination currency anywhere in the world. describing the government’s decision to take rs 500 and rs 1,000 notes out of circulation as a move towards creating a “new normal” in india, the minister told an audience of students and academics at the prestigious london school of economics that it would ultimately lead to far higher growth rates.“we have almost completed the demonetisation process and it has been the smoothest possible replacement of currency anywhere in the world,” said jaitley, the union minister for ...






arun jaitley: ddca defamation suit: arun jaitley grilled for the second day


new delhi: finance minister arun jaitley was grilled for the second day today by jurist ram jethmalani in the delhi high court in connection with a defamation suit the senior bjp leader has filed against chief minister arvind kejriwal and other aap leaders. jaitley's cross-examination by jethmalani, who is representing kejriwal, remained inconclusive and will continue on may 15 and 17. during the proceedings which lasted nearly two hours in a packed court room of joint registrar amit kumar, a variety of questions including allegations made against him by veteran cricketer bishan singh bedi were put to the finance minister. jaitley refuted the allegations of financial bungling in ddca, saying "a letter of mr bedi was written in 2015 and i had left the post of president in ddca in 2013." ...






arun jaitley: arun jaitley says arvind kejriwal's defamatory statements a deflec


new delhi: union finance minister arun jaitley on monday told the delhi high court that the defamatory statements made by delhi chief minister arvind kejriwal were to deflect from the raid conducted in the office of kejriwal's aide in december last year. "it appears that defendants (kejriwal and others) made defamatory statements against me immediately after this raid. their effort was to deflect the attention from this raid and somehow link me to the controversy with which i have no connection," jaitley said while being cross-examined by kejriwal's defence counsel ram jethmalani. jaitley's statement, which was recorded by a joint registrar, came when jethmalini told him that the raid was conducted on the office of kejriwal's former principal secretary rajendra kumar in december 2015...






arun jaitley: india can grow at higher rate; job creation plans underway: fm aru


london: 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. "one of the reasons for note ban was tax non-compliant. one of the objectives of the demonetisation was to reduce and eliminate anonymity. i don't see india becoming a cashless system immediately. i see india becoming less-cash economy," jaitley told pti here. the finance minister, who is meeting top government officials and business leaders here, further said the gst regime would also make generation of cash more difficult, besides making the taxation system much more efficient. he hoped that the gst would be implemented by july 1. on the centre's efforts...






gloves off: jaitley vs jethmalani


written by anindya thakuria | new delhi | published:march 7, 2017 5:43 am union finance minister arun jaitley at the delhi high court, monday. (source: express photo by amit mehra)cross examination of finance minister arun jaitley by senior lawyer ram jethmalani led to drama in the courtroom monday as the latter raised a range of issues — from jaitley’s command over english to his knowledge of the civil procedure code to whether the minister had “personal feeling of greatness that cannot be quantified in fiscal measure”. the court was hearing a civil defamation suit filed by jaitley against chief minister arvind kejriwal in the delhi high court. “i’m more interested in your knowledge of civil law,” said jethmalani, starting his cross questioning after jaitley introduced ...






fm arun jaitley presents union budget 2017 despite congress protests


as union budget 2017 is tabled by the finance minister arun jaitley, congress leader mallikarjur kharge lashed out at the govt and made remarks on the death of former union minister and indian union muslim league leader e. ahamed.kharge said, “i think govt already knew that he had p ed away, but they were trying to maybe delay announcement.”he also added, “its not march 31, there is a lot of time to present budget. govt can postpone it. in our opinion, including jdu leaders and former pm deve gowda, the budget should be postponed.”you may also likethe former union minister and indian union muslim league leader e. ahamed died of heart attack on 1st february, 2017.






ddca defamation suit: arun jaitley grilled for the second day


by: pti | new delhi | published:march 7, 2017 3:22 pm union finance minister arun jaitley (file photo)finance minister arun jaitley was grilled for the second day on tuesday by jurist ram jethmalani in the delhi high court in connection with a defamation suit the senior bjp leader has filed against chief minister arvind kejriwal and other aap leaders.jaitley’s cross-examination by jethmalani, who is representing kejriwal, remained inconclusive and will continue on may 15 and 17.during the proceedings which lasted nearly two hours in a packed court room of joint registrar amit kumar, a variety of questions including allegations made against him by veteran cricketer bishan singh bedi were put to the finance minister.watch what else is making newsjaitley refuted the allegations of fina...






arun jaitley: congress has become 'a crowd around a fading dynasty': arun jaitle


new delhi: elated by bjp’s good show in civic polls in maharashtra and odisha, finance minister arun jatiley on thursday said congress had become “a crowd around a fading dynasty”. in a blog, jaitley said the congress party’s stiff opposition to demonetisation of big currency notes had cost the party dear as the government’s decision had got overwhelming support from the poor. the bjp registered a big win in municipal elections in maharashtra and made significant gains in odisha municipal polls held earlier in the month. hitting out at the current congress leadership, jaitley said that if the current representative of the “dynasty lacks the ability to lead the party or the country, the party suffers. it becomes a crowd around a fading dynasty. this now seems obvious in the case...






arun jaitley to embark on 5-day uk visit, meet investors, ceos


by: pti | new delhi | published:february 23, 2017 6:46 pm union finance minister arun jaitley (file photo) finance minister arun jaitley will embark on a 5-day visit to the united kingdom, beginning on friday, during which he will meet foreign investors and chief executives of british companies. on saturday, the finance minister will deliver a talk at london school of economics on ‘transforming india: vision for the next decade’.watch what else is making news:jaitley will attend a reception being organised by industry chamber ficci, the british council and the indian high commission in the uk on sunday, february 26. the following day, the minister will attend a london stock exchange event followed by a roundtable meeting with prospective issuers and leading investors and fintech ...






vijay mallya issue on table, british pm theresa may drops by arun jaitley meetin


written by aditi khanna | london | published:march 1, 2017 4:19 am arun jaitley with philip hammond in london on tuesday. apbritish prime minister theresa may today dropped in on a meeting between finance minister arun jaitley and his uk counterpart during which the issue of “certain individuals who have overstayed” here figured, official sources told pti.jaitley met chancellor of the exchequer philip hammond at his office in no 11 downing street in london.brexit and its implications on india-uk ties and the issue of “certain individuals who have overstayed their welcome” in britain, in an apparent reference to liquor baron vijay mallya, were among the topics that were touched upon during the “drop-in”, sources said.“it sends a signal, like her visit to india did last no...






maharashtra civic polls: congress has lost backing of poor, says arun jaitley


written by anand mishra | new delhi | published:february 24, 2017 2:34 am  union finance minister arun jaitley. pti photo as congress faced a rout in the maharashtra civic polls, finance minister arun jaitley claimed that the opposition party was paying dearly for its stand on demonetisation, adding that the “poor electorate” had deserted it. “the poor have overwhelmingly supported demonetisation. the congress party has lost its traditional constituency of the poor electorate to the bjp,” jaitley said in a facebook post titled “the squeezing out of the congress party”.rubbing in the drubbing, he added: “the congress has lost it’s image as a responsible political organisation. from a natural party of governance, it has moved to the fringe. it’s policies have ali...






9 (hilarious) questions chetan bhagat can ask on #askyourfm


our beloved writer/critic/twitter-troller/reality show judge chetan bhagat is all set to host #askyourfm talkathon at 6:30pm today. for all those who have no clue, it’s a live youtube stream where our finance minister arun jaitley will be talking to the people directly. people can tweet out their questions using #askyourfm and our finance minister will be solving their queries.sounds like a great initiative.now since chetan bhagat is a well known personality in the world of trolling, we’re really looking forward to this!chetan has been famously trolled on twitter for his not-so-intellectual tweets. he has encountered many foot-in-mouth situations and the twitter burns have been pretty savage!we’ve compiled a list of hilarious questions or awkward moments that could possibly go down during






democracy liberal enough in uk for defaulters to stay: arun jaitley on vijay mal


by: pti | london | updated: february 25, 2017 9:36 pm union finance minister arun jaitley (file photo)finance minister arun jaitley on saturday 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. referring to loan default as a major problem that needs to be addressed, union minister for finance and corporate affairs said india was no longer willing to let defaulters escape the law. “many thought that when you take loan from the banks, the money need not be re-paid and you can come to london and stay out here…and democracy is liberal enough to permit defaulters to stay here. that normal needs to be crack...






arun jaitley: gurmehar row: nationalism bad word only in this country, says arun


new delhi: the 'national vs. anti-national' row continued to bubble today with finance minister arun jaitley weighing in to say "nationalism appears to be a bad word only in this country," ani reported. "nationalism is a good word, ye toh kewal iss desh mein hai ki rashtravad bura shabd hai," jaitley said today, ani reported. defence minister manohar parrikar also jumped in to defend student group abvp which last week allegedly instigated violence during a pro-freedom of speech march by students at delhi university's ramjas college. "i support freedom of expression within legal restrictions," parrikar said at an event today, according to ani. to which left leader sitaram yechury retorted, according to ani: "what defines legal restrictions of the defence minister? his whims and fa...






ddca defamation suit: arun jaitley cross-examined by ram jethmalani


by: pti | new delhi | published:march 6, 2017 8:24 pm union finance minister arun jaitley (file photo)expelled bjp leader and jurist ram jethmalani on monday cross-examined finance minister arun jaitley who has filed a rs 10 crore civil defamation suit in the delhi high court against chief minister arvind kejriwal and five aap leaders for accusing him of financial bungling in ddca.jethmalani, appearing on behalf of kejriwal, fired 52 questions to jaitley in his bid to prove that the lawsuit on defamation by the senior bjp leader was unfounded and should be dismissed.watch what else is making newshowever, 11 questions of the noted senior lawyer were disallowed by joint registrar amit kumar on the ground that some were matter of record and irrelevant to the case and others were question...






note ban debate in lok sabha: opposition should not invent ways to justify black


new delhi: defending demoneti ion move in lok sabha during the debate over the specified bank notes (ces ion of liabilities) bill or the bill on demoneti ion, finance ministerrun jaitley said opposition should not invent ways to justify black money. arun jaitley said: "to take such step it required boldness and that's why the decision was not taken in the last seven decades." "black money pe kisan ka sahara lena bandh karen khargeji, kisaan ka paisa white hai uspe tax nahi lagta," fm arun jaitley in reply to kharge in lok sabha. "whole country was patient, only one who had problems was the indian opposition not the people," jaitley said.






p chidambaram hits out at arun jaitley for his remarks amid du row


by: pti | new delhi | updated: february 27, 2017 2:15 pm p chidambaram (file photo)congress leader p chidambaram slammed finance minister arun jaitley for his remarks amid the du row and asked whether he was leading an “alliance of subversion” when he was the dusu president in 1975. jaitley had said on saturday that there was an “alliance of subversion” on certain indian campuses and that the ultra-left and separatists were speaking the same language.“when mr jaitley was president of dusu in 1975, was he heading an ‘alliance of subversion’?” the former finance minister said in a tweet. they must also allow others with different opinions to speak, he said while delivering a talk at london school of economics.the minister said it was his personal belief that “free spe...






arun jaitley: congress has become 'a crowd around a fading dynasty': arun jaitle


new delhi: elated by bjp's good show in civic polls in odisha and maharashtra, finance minister arun jatiley took potshots at the congress, saying it has become "a crowd around a fading dynasty". the congress party's stiff opposition to demonetisation has cost the party dear as the government's decision got overwhelming support from the poor, the senior bjp leader said in a facebook post. the bjp registered an unprecedented win in municipal elections in maharashtra and made significant gains in eastern state of odisha. hitting out at the current congress leadership, jaitley said that if the current representative of the "dynasty lacks the ability to lead the party or the country, the party suffers. it becomes a crowd around a fading dynasty. this now seems obvious in the case of the ...






rs one lakh crore for railway safety fund: arun jaitley


new delhi: with railways plagued by repeated derailments, government today proposed setting up of a special safety fund of rs 1 lakh crore that will cover upgradation of tracks and signalling besides elimination of unmanned level crossings. the railway budget, merged with general budget 2017 , also provides for commissioning of new railway lines of 3,500 km will against 2,800 kms in 2016-17. finance minister arun jaitley announced the plan size for the next fiscal for the railways at rs 1,31,000 crore as against rs 1.21 lakh crore last year. he proposed creation of 'rashtriya rail sanraksha h' (national rail safety fund) with a corpus of rs 1 lakh crore. emphasising on safety, the budget proposed elimination of all unmanned level crossings on the broad gauge network by 2020. addressing co






abolish tax on sanitary napkins on women's day: congress to fm arun jaitley


new delhi: on international women's day today, the congress urged the central government to abolish tax on sanitary napkins and keep it out of the purview of the proposed goods and services tax (gst). congress leader and silchar mp sushmita dev, in a letter to finance minister arun jaitley, has said that sanitary napkins are "unfairly taxed" by deeming it as a luxury product and not as a necessity to safeguard health. she has said that the product is taxed up to 14.5 per cent based on the state one lives in and after the the gst it will be taxed at 12 per cent. "we would request finance minister arun jaitley to consider our party mp sushmita dev's proposal. the congress party fully endorses what she has requested," congress spokesperson priyanka chaturvedi told reporters. she said th...






arun jaitley allots rs 2.74 lakh crore for defence


finance minister arun jaitley on february 1 presented the union budget 2017 and announced that the government has set rs 2.74 lakh crore as a budget for the defence. in the budget 2016, the government had allocated rs 2.58 lakh crore for the defence. jaitley added that this expenditure is excluding the pension.it must be noted that in terms of defence spendings, india ranks 4th in the world. the finance minister, however, did not give a detailed break up of the military spending in his speech. the budget for the defence was much-awaited after a number of jawans recently posted several videos online highlighting the problems they have to undergo at the border and the lack of facilities provided to them.railways got a specific mention in the budget 2017 with the government allocating rs 5500






delhi hc shoots down arvind kejriwal’s plea seeking arun jaitley’s finances


written by anindya thakuria | new delhi | published:march 2, 2017 3:25 am delhi chief minister arvind kejriwalamid the ongoing civil defamation case against delhi chief minister arvind kejriwal by finance minister arun jaitley, the delhi high court wednesday rejected the cm’s application seeking bank account and tax filing details of the union minister, calling it “devoid of any merit”. justice rajeev sahai endlaw observed that since it was kejriwal who had alleged graft by jaitley, which prompted him to file a defamation case, the chief minister cannot seek “negative evidence”, or the kind of evidence that supports his allegations, from jaitley.jaitley is seeking rs 10 crore compensation from kejriwal and five other aap leaders for statements made by them alleging financial...






ddca defamation row: jaitley grilled for second day running


new delhi | published:march 7, 2017 9:57 pm union finance minister arun jaitley (file photo)finance minister arun jaitley was today subjected to intense grilling for his rs 10 crore civil defamation suit against chief minister arvind kejriwal in the delhi high court in which prime minister narendra modi’s name was sought to be dragged by noted lawyer ram jethmalani. jaitley, who termed the question referring to the prime minister as “scandalous”, faced a barrage of questions including selective targetting of kejriwal when other politicians had also raised the issue of corruption against him in the ddca.watch what else is making newsjethmalani, who continued his cross-examination of the minister for second consecutive day on behalf of kejriwal, also incurred the displeasure of jo...






ddca defamation row: arun jaitley grilled for second day running


new delhi: finance minister arun jaitley was today subjected to intense grilling for his rs 10 crore civil defamation suit against chief minister arvind kejriwal in the delhi high court in which prime minister narendra modi's name was sought to be dragged by noted lawyer ram jethmalani. jaitley, who termed the question referring to the prime minister as "scandalous", faced a barrage of questions including selective targetting of kejriwal when other politicians had also raised the issue of corruption against him in the ddca. jethmalani, who continued his cross-examination of the minister for second consecutive day on behalf of kejriwal, also incurred the displeasure of joint registrar amit kumar for asking some questions, like he had advised modi "not to set you (jaitley) up" as a cand...






arun jaitley: congress 'unhappy' over good growth figures


varanasi: finance minister arun jaitley has slammed the congress for being `unhappy' over good growth figures in the last quarter and said the poor and down-trodden in the country were consolidating behind the bjp in hope for financial societal justice. "in the last quarter, during remonetisation, there was 7 per cent growth. the whole country would be happy. but the congress reaction shows they are unhappy. congress has failed in its policies as well as in its outlook of the economy. they were hoping that gdp will fall by 2 per cent woh to iski hi umeed lagaye baithe the," jaitley said in varanasi, in an apparent reference to former prime minister manmohan singh's earlier statement that growth rate would fall at least by 2 per cent due to demonetisation. jaitley also slammed those who...






defamation case against arvind kejriwal round 2: ram jethmalani takes on arun ja


written by anindya thakuria | new delhi | updated: march 8, 2017 3:26 am delhi chief minister arvind kejriwal. (pti file photo)finance minister arun jaitley’s loss in amritsar during the 2014 lok sabha polls came up during his cross questioning by senior lawyer ram jethmalani in the delhi high court tuesday. the court is hearing a civil defamation suit filed by jaitley against chief minister arvind kejriwal. jethmalani asked whether jaitley had, for the first time, “put his reputation to test in a public election in a democratic manner while contesting from amritsar”. jaitley retorted: “an election result is the outcome of several factors prevailing in the constituency and not merely a test of a candidate’s reputation, considering that (kejriwal) had lost the same lok sabha ...






funding of states not done arbitrarily by centre: arun jaitley


by: pti | dehradun | published:february 4, 2017 7:17 pm union finance minister arun jaitley (file p o)rubbishing chief minister harish rawat’s oft repeated charge that the recommendations of the 14th finance commission had caused huge losses to uttarakhand, union finance minister arun jaitley on urday said the centre does not act arbitrarily in sending funds to the state.watch what else is making news:“funding of states is not done arbitrarily by the centre. well defined constitutional provisions are followed by the centre in funding the states. the finance commission is a body created by the upa and the funding of the states as per its recommendations has gone up from 32 per cent during upa to 42 per cent during (prime minister) narendra modi’s government,” he told reporters in dehradun






goods and service tax: gst on track, to be implemented from july 1: arun jaitley


new delhi: the gst council on saturday fixed a 5 per cent tax rate on small hotels and restaurants and approved draft of key supporting legislations to enable rollout of the new indirect tax regime from july 1. the all-powerful council approved the final draft of central gst (c-gst) and integrated gst (i-gst)+ and will take up for approval the state-gst and union territory-gst (ut-gst) laws at its next meeting on march 16. the c-gst, which will give powers to centre to levy gst on goods and services after union levies like excise and service tax are subsumed, and i-gst that is to be levied on inter-state supplies, will go to parliament for approval in the second half of the budget session beginning march 9, finance minister arun jaitley said. the s-gst, which w...






every budget decision in the cause of reform: arun jaitley


new delhi: finance minister arun jaitley on friday defended his decision to impose a 10% surcharge on income above rs 50 lakh and said that in a tax non-compliant society, the state needs resources that have to come from the affluent. in a post budget interaction with industry chambers, he noted the need for the industry to step up on various issues including bad loans. laying the onus on the industry to support and facilitate the government’s drive against the shadow economy and programmes such as make in india, jaitley said every decision the government has taken has been in the direction of reforming and improving upon the present systems. “whether it was to target subsidies to the more deserving, end discretions, ease the process of doing business, rationalise taxes or cleaning up the






lok sabha adjourned for the day after arun jaitley concludes budget speech


by: express web desk | new delhi | updated: february 1, 2017 2:16 pm speaker sumitra mahajan said the house will meet at 11 a.m. on friday. (source: file)the lok sabha was on wednesday adjourned for the day after finance minister arun jaitley concluded his union budget 2017 speech. speaker sumitra mahajan said that the house will meet at 11 am on friday.watch video | changes in personal tax ratesmahajan had earlier said that the house will remain adjourned tomorrow as a mark of respect to former union minister and iuml leader e ahamed, who p ed away early wednesday after suffering a cardiac arrest. the political stalwart from kerala was admitted to the ram manohar lohia hospital after he collapsed during the president’s address in parliament on tuesday.the treasury benches lauded jaitley’






arun jaitley introduces note ban bill in lok sabha


by: express web desk | new delhi | updated: february 3, 2017 1:31 pm union finance minister arun jaitley.finance minister arun jaitley friday introduced the specified bank notes (ces ion of liabilities) bill 2017 in lok sabha. the bill aims at replacing the note ban ordinance that extinguishes the liability of the government and the rbi on demonetised high value notes. the ordinance was approved by president pranab mukherjee on december 30, making it illegal to hold, transfer or receive the junked rs 500 and rs 1,000 notes. any ordinance p ed by a government must be replaced by a bill within 42 days of the commencement of a session or it will lapse.watch what else is making newsthe payment of wages (amendment) bill, 2017 is also scheduled to be introduced in the lower house. private membe