Demonetisation key step to formalise economy: FM Arun Jaitley

Finance Minister said Demonetisation, a key step taken by the Government to formalise the economy. He said Demonetisation compelled cash holders to deposit cash in banks thereby reducing anonymity in transactions. Finance Minister also said that when the present Government was elected the total number of the filers of income tax returns was 3.8 crore.  … Read more

GST collections cross Rs 1 lakh crore in October: FM Arun Jaitley

CGST is Rs. 16,464 crore, SGST is Rs. 22,826crore, IGST is Rs. 53,419 crore (including Rs. 26,908crore collected on imports) and Cess is Rs. 8,000 crore (including Rs. 955crore collected on imports). The total number of GSTR 3B Returns filed for the month of September up to 31st October, 2018 is 67.45lakh. The Government has … Read more

Govt’s structural reforms rewarded: Arun Jaitley

In an article titled The Economy and the Markets Reward Structural Reforms and Fiscal Prudence, Union Minister Arun Jaitley makes it clear that the Modi government’s policies  have established India as the fastest growing global economy, with the high GDP growth rate of 7.7 percent likely to continue for a few years.  His article hits … Read more

Arun Jaitley criticises Cong for creating hue and cry over judicial appointment issue

To show Congress the mirror, Arun Jaitley, through a facebook blog, shared a series of essays written by various authors on Appointment of Judges to the Supreme Court. Jailtey gave an example of Justice Bachu Jagan-nadha Das, who in his view, made it to the Supreme Court because of his strong Congress Party connections during … Read more

Kumar Vishwas apologizes to Arun Jaitley for defamation

Vishwas, through his advocate Amit Yadav, tendered sincere apology to Jaitley and his family members for causing any harm to them. Vishwas had earlier told the court that before making any statement or apology to Jaitley, he wanted to know if Kejriwal lied when he said his allegations against the union minister were based on … Read more

PM Modi created transparent systems: Arun Jaitley

Union minister in his blog said that NDA Govt entered its fifth year in office. Preceding 10 yrs of UPA rule witnessed most corrupt Govt since Independence. Prime Minister Narendra Modi has created transparent systems. Prime Minister Modi govt has given this country a scam-free governance. Prime Minister is the natural leader of both his … Read more

Finance Minister Arun Jaitley attacks Congress over impeachment attempts

Finance Minister Arun Jaitley launched a scathing attack against the Congress after the petition filed by its MPs against Rajya Sabha Chairperson Venkaiah Naidu’s decision to rejection the impeachment notice versus Chief Justice of India Deepak Misra was dismissed as withdrawn by the Supreme Court. Two Congress MPs on Monday withdrew their plea in the … Read more

Arun Jaitley under medical observation; kidney transplant operation likely today

Union Finance Minister Arun Jaitley is likely to undergo kidney transplant operation at All Indian Institute of Medical Sciences (AIIMS) in New Delhi on Sunday. The Bharatiya Janata Party (BJP) leader has reportedly been under medical observation at the country’s premier medical institute since Saturday. The Union minister also underwent some medical tests following his … Read more

AAP leaders including Arvind Kejriwal apologize to Arun Jaitley

New Delhi: Aam Aadmi Party leaders Arvind Kejriwal, Ashutosh, Raghav Chadha and Sanjay Singh have reportedly apologised to Finance Minister Arun Jaitley for making unverified accusations against him. News agency ANI reported that the four leaders have apologised to Jaitley in a joint-letter and requested him to take back a defamation case filed in a … Read more

IBC an opportunity for asset reconstruction cos: Arun Jaitley

Insolvency and Bankruptcy Code (IBC) and the government’s emphasis on resolution provide opportunity for asset reconstruction companies as stressed assets still have inherent value, Finance Minister Arun Jaitley said. During discussions with Asset Reconstruction Companies (ARCs) and Private Equity firms (PE) today, he said these non-performing assets (NPAs) were essentially productive assets which, if turned … Read more