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Arun Jaitley

Finance Minister Speaks Out on Crucial GST Council Meeting!

Finance Minister Speaks Out on Crucial GST Council Meeting!

Tue, Aug 27, 2024

News quoting sources. Finance Minister's statement on GST meeting. The report of the officers will be presented in the GST Council meeting. A report will come on rate rationalization of 12,000 items. After the GST Council, there will be a meeting of Ministers GOM. Know complete details in this video.

Intention of Centre to levy GST on petrol, diesel; states will have to decide on rate: Finance Minister

Intention of Centre to levy GST on petrol, diesel; states will have to decide on rate: Finance Minister

Sat, Jun 22, 2024

She said a provision has already been made by former Finance Minister Arun Jaitley by including petrol and diesel into GST law. What is remaining is for the states to come together to discuss and decide on the rate of the levy.

Arun Jaitely 70th birth anniversary: A peek into the life of BJP's original Chanakya and trouble-shooter

Arun Jaitely 70th birth anniversary: A peek into the life of BJP's original Chanakya and trouble-shooter

Wed, Dec 28, 2022

Arun Jaitely 70th birth anniversary: Several ministers, such as Nirmala Sitharaman, Piyush Goyal and Dharmendra Pradhan, are believed to have been his proteges.

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Indian banks need Rs 4.16 lakh crore in less than two years to meet Basel III norms

Indian banks need Rs 4.16 lakh crore in less than two years to meet Basel III norms

Tue, Sep 12, 2017

Banks argue that the haircuts they are expected to take cannot be extrapolated to the other exposures, which they say are backed by more productive assets.

No counting machines, but sophisticated currency verification units being used for scrapped notes: RBI

No counting machines, but sophisticated currency verification units being used for scrapped notes: RBI

Mon, Sep 11, 2017

Rather, it is using "sophisticated Currency Verification and Processing (CVPS) machines for checking the numerical accuracy and genuiness of the currency notes, including SBNs (Specified Bank Notes that have been scrapped)", the RBI clarified later this evening.

Why GST Council's hike in cess for mid, large cars, SUVs comes as relief to automobile industry

Why GST Council's hike in cess for mid, large cars, SUVs comes as relief to automobile industry

Sun, Sep 10, 2017

The GST Council took the decision to increase the cess on various segment of cars individually, instead of having a common tax on all the cars of one size.

GST Council meeting in Hyderabad discusses tax reduction on Telangana govt flagship projects

GST Council meeting in Hyderabad discusses tax reduction on Telangana govt flagship projects

Sat, Sep 09, 2017

The Telangana government wants the GST on its flagship projects to be reduced to 5% from 12% which was revised earlier in Delhi.

GST Council meeting to review cess hike on cars and 30 other items

GST Council meeting to review cess hike on cars and 30 other items

Sat, Sep 09, 2017

The Goods and Services Tax (GST) Council will today meet at Hyderabad to reviews the tax on cars. The meeting will be chaired by Finance Minister Arun Jaitley. Watch the video for more information. About Zee Business --------------------------

Up to 10-year jail for siphoning shell firms' money: Centre

Up to 10-year jail for siphoning shell firms' money: Centre

Thu, Sep 07, 2017

"It has been decided that in case director/authorised signatory of any struck-off company tries to unauthorisedly siphon off money from its bank account, he/she may attract imprisonment of not less than six months and extendable to 10 years," a Finance Ministry statement here said.

GST collection tops Rs 94,000 crore for July from 44 lakh biz

GST collection tops Rs 94,000 crore for July from 44 lakh biz

Thu, Sep 07, 2017

Finance Minister Arun Jaitley had last week stated that 38.38 lakh businesses had filed their returns and paid Rs 92,283 crore in taxes for the month of July - the first month of implementation of independent India's biggest tax reform, the GST.

India aims at shell companies to get rid of black money

India aims at shell companies to get rid of black money

Wed, Sep 06, 2017

A Shell company is an entity without any active business operations or significant assets. In India it has presently stolen limelight as it has become a cause of concern in regards to black money.

How demonetisation dented the RBI

How demonetisation dented the RBI

Tue, Sep 05, 2017

On November 08, 2016, PM Narendra Modi announced the demonetisation of high denomination notes old Rs 500 and Rs 1000 to tackle black money and terror financing.

7th Pay Commission: Central govt employees likely to get hike in minimum pay to Rs 21,000

7th Pay Commission: Central govt employees likely to get hike in minimum pay to Rs 21,000

Tue, Sep 05, 2017

The central government employees may soon get a good news on minimum pay as the Ministry of Finance is likely to hike it from Rs 18,000 to Rs 21,000 under 7th Pay Commission, a media report said.

Fewer and stronger PSU banks but what about their stressed assets?

Fewer and stronger PSU banks but what about their stressed assets?

Mon, Sep 04, 2017

The Government of India is all set to make fewer and stronger PSBs in the coming months - as an move to tackle their non-performing assets (NPAs). A list of total 21 PSBs are considered to become 10 - 12 banks.

Has demonetisation helped India become a less-cash economy?

Has demonetisation helped India become a less-cash economy?

Fri, Sep 01, 2017

On November 08, PM Narendra Modi banned old Rs 500 and Rs 1000 with an objective to tackle black money, make India a cashless economy and expand the country's tax-base.

Demonetisation, GST were not the only reasons for three-year low GDP in Q1FY18

Demonetisation, GST were not the only reasons for three-year low GDP in Q1FY18

Fri, Sep 01, 2017

India's GDP for first quarter of financial year 2017-18 (Q1FY18) came in at 5.7% below market expectation of 6.6%. This has resulted in Indian economy at three-year low.

Has demonetisation tackled black money? Finance Ministry explains in four points

Has demonetisation tackled black money? Finance Ministry explains in four points

Fri, Sep 01, 2017

On November 08, 2017, Prime Minister Narendra Modi announced the withdrawal of high-denomination currency notes like Rs 1000 and Rs 500 to tackle black money and terror financing.

Five things Arun Jaitley said on India's falling first quarter GDP

Five things Arun Jaitley said on India's falling first quarter GDP

Thu, Aug 31, 2017

Finance Minister Arun Jaitley's views on India's GDP summed up.

Fall out of Demonetisation on predicted lines: Jaitley

Fall out of Demonetisation on predicted lines: Jaitley

Thu, Aug 31, 2017

A day after the Reserve Bank said that almost all of the demonetised currency came back into the system, Jaitley said the fact that money got deposited in banks does not mean that all of it is legitimate money.

Cabinet gives approval to increase GST cess on luxury cars

Cabinet gives approval to increase GST cess on luxury cars

Wed, Aug 30, 2017

The Cabinet has approved the Finance Ministry's proposal to increase the GST cess on luxury cars by another 10%.

Aadhaar-PAN linking deadline to remain same; here's answer to all confusions

Aadhaar-PAN linking deadline to remain same; here's answer to all confusions

Mon, Aug 28, 2017

In March, the government had made it mandatory to link Aadhaar number with Permanent Account Number (PAN) by July 1. However, on July 31, the Ministry of Finance had extended this deadline to August 31.

Can PSU bank merger help them outshine private banks' deposit growth?

Can PSU bank merger help them outshine private banks' deposit growth?

Mon, Aug 28, 2017

Moody's believes that PSU bank merger will be credit positive but banks still need a lot of money for recapitalisation.

Steps taken to bring down cost of digital transactions:FM Jaitley

Steps taken to bring down cost of digital transactions:FM Jaitley

Sun, Aug 27, 2017

Digitisation has to reach down to the village level as cash mode of transactions is always insecure, Finance Minister Arun Jaitley said.

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