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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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BHIM app now available on iOS platform

BHIM app now available on iOS platform

Sat, Feb 11, 2017

Finally iOS users can now send and receive money via BHIM app. They just have to download the app through App Store by searching ‘BHIM NPCI app’ . After installing, the icon will appear on your iPhone. However, BHIM does not work on the non-cellular iPAD’s.

All finance ministers have perpetual desire for lower rate: Jaitely

All finance ministers have perpetual desire for lower rate: Jaitely

Sat, Feb 11, 2017

"All finance ministers have a perpetual desire (of lower rate) but at the end of the day we all respect the decision that the RBI takes," he said after addressing customary board meeting post Budget.

RBI to declare ''verified'' figure on post-demonetisation deposits

RBI to declare ''verified'' figure on post-demonetisation deposits

Sat, Feb 11, 2017

"There are tens of thousands of bank branches and 4,000 currency chests. We need to be careful and try that this is a number which is not a mere estimate but a verified number both physically and in the accounting sense," Patel added when asked about the estimated amount of old currency notes that have come back.

Sebi is a big responsibility, looking forward to handling it says Ajay Tyagi

Sebi is a big responsibility, looking forward to handling it says Ajay Tyagi

Sat, Feb 11, 2017

As Chairman of the Securities and Exchange Board of India (Sebi), Tyagi will oversee regulation and surveillance of capital markets and all the market infrastructure entities such as stock exchanges and intermediaries including brokerage firms, mutual funds, FPIs, investment banks and rating agencies, as also thousands of listed companies.

Sebi evolving as per needs of economy: Jaitley

Sebi evolving as per needs of economy: Jaitley

Sat, Feb 11, 2017

"Sebi is a professional organisation with a considerable experience in this line and has been evolving as per the needs of the economy and the markets itself," Jaitley told reporters after his post-Budget address to Sebi's board.

RBI's Acharya says NPA problem require significant recapitalisation of banks

RBI's Acharya says NPA problem require significant recapitalisation of banks

Wed, Feb 08, 2017

Acharya added, "There is a need for speedy and efficient resolution of stressed assets as it probably could help in restoring the utilisation capacity in this sector while further creating healthy investment in the system and at the same time would also support banks to again start lending in the same sectors again."

Debit card charges may decline further: Jaitley

Debit card charges may decline further: Jaitley

Wed, Feb 08, 2017

"The RBI is deciding on this... it is work in progress. I am sure as volumes (of digital transactions) are increasing, the charges will come down," the Finance Minister Arun Jaitley told the Rajya Sabha during the Question Hour.

Budget raises India's capital market ambitions

Budget raises India's capital market ambitions

Mon, Feb 06, 2017

The government intends to raise Rs 110 billion from the listing of state-owned insurance companies, Rs 465 billion from the sale of stakes in state-owned companies on local stock exchanges and Rs 150 billion from strategic sales in 2017-18.

Oil firms'' merger will create multiple entities -- also problems

Oil firms'' merger will create multiple entities -- also problems

Sun, Feb 05, 2017

"It will not be one company. It will not be wise to put all eggs in one basket. There will be multiple companies...but all these will be integrated," Pradhan told reporters here following the budget presentation earlier last week.

FIPB phase out mechanism to be ready in couple of months: Das

FIPB phase out mechanism to be ready in couple of months: Das

Sun, Feb 05, 2017

"We will come out with a revised mechanism. The powers will be delegated to the regulators or to the individual ministries or department (for dealing with remaining 10 per cent FDI proposal which requires government approval)," Das told PTI in an interview.

FPIs get back to buying mode, pump in Rs 2,300 cr in 3 days

FPIs get back to buying mode, pump in Rs 2,300 cr in 3 days

Sun, Feb 05, 2017

According to depository data, foreign portfolio investors (FPIs) infused a net sum of Rs 1,246 crore in equities during February 1-3 and another Rs 1,098 crore in the debt segment, translating into a total inflow of Rs 2,344 crore.

Rating agencies several notches behind India's reality: Das

Rating agencies several notches behind India's reality: Das

Sun, Feb 05, 2017

Taking a dig at global rating agencies for failing to upgrade India's sovereign rating despite significant improvement in macroeconomic parameters, Economic Affairs Secretary Shaktikanta Das has said the agencies are several steps behind from reality and are missing out on something which only they can best explain.

Budget hike for kids-related schemes nominal: Satyarthi

Budget hike for kids-related schemes nominal: Satyarthi

Sun, Feb 05, 2017

"Like last 15 years, budgets for children have remained stagnant with Union Budget 2017-18 allocating just 3.32% to children. While the need is that of exponential increase, allocations for children have seen only an incremental increase with Rs 71,305.35 crore from Rs 65,758.45 crore in 2016-17 budget," Komal Ganotra, director (policy, research and advocacy) at CRY told PTI.

Bill to address bankruptcy in financial sector this session: Das

Bill to address bankruptcy in financial sector this session: Das

Sat, Feb 04, 2017

In order to address the bankruptcy issue in the financial sector, government is likely to introduce a Bill for resolution of insolvent financial firms during the current session of Parliament.

Economy to grow more than 7% next fiscal: Das

Economy to grow more than 7% next fiscal: Das

Sat, Feb 04, 2017

Drawing on Finance Minister Arun Jaitley's statements, the secretary said there will be transient impact of demonetisation on the economy, but it will not spill over to the next fiscal.

Infrastructure and passenger safety prime focus of railway budget

Infrastructure and passenger safety prime focus of railway budget

Sat, Feb 04, 2017

"This budget is concentrating on the improvement of infrastructure and most importantly safety. The basic focus of this railway budget is on the railway safety features like signalling and telecommunication system, track renewals, passenger amenities," Eastern Railway General Manager Ghanshyam Singh told the media.

'India-made' mobile phones to become expensive by 1-2%

'India-made' mobile phones to become expensive by 1-2%

Wed, Feb 01, 2017

"This will lead to a potential one per cent increase in cost of mobile handsets. In the initial phase, the cost will be passed on to consumers as it is difficult to absorb this cost fully," Panasonic President and CEO (India and South Asia) Manish Sharma told PTI.

Budget 2017: Meeting disinvestment target is key to achieving fiscal deficit goal

Budget 2017: Meeting disinvestment target is key to achieving fiscal deficit goal

Wed, Feb 01, 2017

Jaitley said that the Government plans to raise Rs 72,500 crore through disinvestment. In his Budget speech, FM Arun Jaitely said, “The government plans to raise about Rs 72,500 crore through disinvestment of central public sector enterprises (CPSE) in 2017-18.”

Budget 2017: Companies can now carry their tax credit under MAT, AMT for 15 years

Budget 2017: Companies can now carry their tax credit under MAT, AMT for 15 years

Wed, Feb 01, 2017

Ameen Khwaja, Founder & CEO, LatestOne.com “Push for digital economy is a positive step towards Digital India. However, was expecting more benefits for startups and MSMEs. Few benefits are good like - the increase in the tax break segment, MAT can be carried forward to 15 years and 5% reduction in income tax for MSMEs."

Aadhar Pay for those who are without debit cards: Budget 2017

Aadhar Pay for those who are without debit cards: Budget 2017

Wed, Feb 01, 2017

NPCI added, "We are happy that the government is focusing on digital payments and considering our products to cater to our diversified population. We will support the mission of achieving 2,500 crore digital transactions for FY 2017-18 through UPI, USSD, IMPS, Aadhar Pay, RuPay Debit cards and other upcoming products of NPCI."

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