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Arun Jaitely

PM Modi meets ex-finance minister, Arun Jaitley's family

PM Modi meets ex-finance minister, Arun Jaitley's family

Tue, Aug 27, 2019

PM Modi meets Arun Jaitley’s family after returning from the G7 summit.

Exclusive: In conversation with FICCI president, Sandip Somany

Exclusive: In conversation with FICCI president, Sandip Somany

Tue, Mar 05, 2019

In conversation with FICCI president, Sandip Somany on meeting with Finance minister Arun Jaitely.

Govt keen on amalgamation of PSBs to create globally competitive, healthy large banks, says Arun Jaitley

Govt keen on amalgamation of PSBs to create globally competitive, healthy large banks, says Arun Jaitley

Thu, Feb 28, 2019

The minister said the non-performing assets (NPAs) or bad loans had initially gone up because of truthful disclosure requirements which ensured that there was no sweeping of bad loans under the carpet

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Cheaper interest rates fail to spur home loans demand

Cheaper interest rates fail to spur home loans demand

Mon, Mar 20, 2017

In the first week of January, State Bank of India (SBI) took the lead by making 90 basis point revision in home loan rates. It was soon followed by other public and private banks where rate cuts in the range of 10 basis points to 90 basis points were undertaken.

Corporate leaders see private capex revival from H2

Corporate leaders see private capex revival from H2

Fri, Mar 17, 2017

"I think it's round the corner, you will see it this year. Better days are coming because I have never seen such strong macro-economic fundamentals," HDFC chairman Deepak Parekh said at the India Today Conclave here.

Arun Jaitley tells parliament: 9,130 wilful defaulters owe Rs 91,155 crore to banks

Arun Jaitley tells parliament: 9,130 wilful defaulters owe Rs 91,155 crore to banks

Fri, Mar 17, 2017

Jaitley said that from out of the all the defaulters, suits against 8,364 have been filed with loan amounting to Rs 85,258 crore. FIRs on 2,024 defaulters with loan of Rs 29,557 crore have been initiated, the parliament was told.

Jaitley gets charge of Defence Ministry after Parrikar resigns

Jaitley gets charge of Defence Ministry after Parrikar resigns

Mon, Mar 13, 2017

"Further, as advised by the Prime Minister, the President has directed that Arun Jaitely, Cabinet Minister, shall be assigned the charge of the Ministry of Defence, in addition to his existing portfolios," the communique said.

Demonetisation likely to be credit positive for India, Moody's says

Demonetisation likely to be credit positive for India, Moody's says

Wed, Mar 01, 2017

Progress on the pending Goods and Services Tax (GST) reform and Finance Minister Arun Jaitley's 2017 budget speech to parliament both underscore the government's commitment to reform in the wake of demonetisation.

CBEC seeks exporters' feedback on drawback rates post GST

CBEC seeks exporters' feedback on drawback rates post GST

Sun, Feb 26, 2017

"In order to ensure smooth transition to GST framework, the Drawback Committee is to formulate and recommend revised All Industry Rates (AIRs) of drawback on rebate to be implemented for exports in the context of new GST environment," it said.

Cash source of black money generation: Piyush Goyal

Cash source of black money generation: Piyush Goyal

Sat, Feb 25, 2017

Declaring that he felt disappointed about the happenings in the chartered accountant profession that he himself was earlier part of, Goyal reminded the gathering about what Finance Minister Arun Jaitley had said on the aim of demonetisation.

Bharat Electronics OFS is oversubscribed by 234% on day one

Bharat Electronics OFS is oversubscribed by 234% on day one

Wed, Feb 22, 2017

Bharat Electronics Limited's (BEL) Offer for Sale (OFS) is oversubscribed by 2.34 times. Institutional Investors on Tuesday bid around 2.09 crore equity shares, subscribing by 234% against 89.34 lakh equity shares offered.

IDBI Bank approves divestment of its non-core business

IDBI Bank approves divestment of its non-core business

Tue, Feb 21, 2017

IDBI Bank in a BSE filing said, "The board of directors has approved in-principle, the proposal to divest some of its non-core investment subject to compliance with all applicable laws and regulations and subject to final approval to be obtained for each transaction by delegated authority."

Can food processing sector in India create 1 crore jobs by 2024?

Can food processing sector in India create 1 crore jobs by 2024?

Mon, Feb 20, 2017

Assocham-Grant Thorton research said that the food processing sector has capability to attract $33 billion in investments and generate employment of 90 lakh persons by 2024.

CPSE IPOs within 22 weeks of govt nod

CPSE IPOs within 22 weeks of govt nod

Sun, Feb 19, 2017

Within two weeks of the Budget announcement of listing all profitable central public sector enterprises, the Department of Investment and Public Asset Management (DIPAM) has issued guidelines detailing the mechanism and procedure for time-bound listing of CPSEs on Stock Exchanges.

FPIs pour Rs 9,500 crore in capital markets in Feb so far

FPIs pour Rs 9,500 crore in capital markets in Feb so far

Sun, Feb 19, 2017

The latest inflow followed a net pullout of Rs 80,310 crore from equity and debt together in the past four months (October-January). Prior to that, FPIs had invested over Rs 20,000 crore in the capital market in September 2016.

GST Council clears law for compensating states for loss of revenue, says Jaitely

GST Council clears law for compensating states for loss of revenue, says Jaitely

Sat, Feb 18, 2017

Jaitely in a PTI report commented, "The GST Council clears law for compensating states for loss of revenue from GST implementation."

Demonetisation unnecessarily demonised: Aditya Puri

Demonetisation unnecessarily demonised: Aditya Puri

Sat, Feb 18, 2017

"He (Prime Minister Modi) has created transparency and traceability. He has changed the mindset (in such a way that) everybody is going to think twice about going back to their old ways and from what I understand, the conversion to digital has occurred at a pace much faster," Mahindra said at the annual NILF here.

Government may soon divest 10% stake in Coal India

Government may soon divest 10% stake in Coal India

Mon, Feb 13, 2017

If it sells the stake to trim its holding to 69%, it could raise up to Rs 20,000 crore, a report by the Economic Times said. "...a move that will help it earn about Rs 20,000 crore at today’s prices and reduce its stake to 69%," it noted.

People funding must to ensure party-based democracy: Chidambaram

People funding must to ensure party-based democracy: Chidambaram

Mon, Feb 13, 2017

"Political party is not a commercial venture. Please remember in a democracy, it is the people who must fund the political parties. If you want a party-based democracy, political parties must be funded by people," he said here while responding to a question on why political parties are exempted from paying income tax.

Demonetisation 'biggest scam of 2016': Chidambaram

Demonetisation 'biggest scam of 2016': Chidambaram

Sun, Feb 12, 2017

"I am sorry to make the prediction that 2016-17 will end with growth (rate) between 6 and 6.5 per cent, a good one per cent down from the earlier estimate and that means a hit of Rs 1.5 lakh crore on GDP. The GDP this year is Rs 150 lakh crore, so one per cent hit is Rs 1.5 lakh crore," Chidambaram said at a function here today.

Govt may rework indirect tax maths mid-way after GST entry

Govt may rework indirect tax maths mid-way after GST entry

Sun, Feb 12, 2017

GST collections so made are then to be split equally between the Centre and states. But since there are no reliable estimates of combined VAT collections of states, Jaitley could not project the Centre's revenue from GST in 2017-18.

IIP growth expected to see some uptick in January: Kotak

IIP growth expected to see some uptick in January: Kotak

Sun, Feb 12, 2017

"The decline in IIP was partly owing to base effects, but mostly by demonetisation-led production contraction, especially in automobile production," Kotak Institutional Equities said in a research note.

UBI will be set in motion over next 1 year, hopes Jaitley

UBI will be set in motion over next 1 year, hopes Jaitley

Sun, Feb 12, 2017

Let's hope, by the time he publishes his next Survey, at least in some part of the country, his idea of the UBI gets experimented and therefore we start thinking on steps which overnight, at least where it is experimented, can bring poverty rates down. I think that will help us in reaching the destination 30 years from now," Jaitley said.

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