- Tag results for Arun Jaitley
Jaitley said the differences with RBI included credit flow in the economy and liquidity support, and added that the government had initiated a "discussion" to convey its concerns.
However, it’s now revealed that there has been no effort by the government to authenticate the benefits earned out of the slapdash currency reform.
Alarm bells have gone off on the fiscal deficit—which breached FY19’s target within six months—forcing the Ministry of Finance to deploy an emergency rescue act.
India's normal rate of growth is 7.5-8 per cent and the country will continue to grow at this rate, despite some deviation in one or two quarters, he said.
The apex court also imposed a cost of Rs 50,000 on advocate M L Sharma, who had filed the public interest litigation.
The Cabinet also approved tax incentives under 80C of the Income Tax Act for employees' contribution to the extent of 10 per cent, they added.
Rs 539 crore will be given to cyclone-hit Andhra Pradesh and Rs 131 crore to Nagaland, which was also hit by floods.
Union Finance Minister Arun Jaitley spoke amidst growing concerns over tariff wars across the world.
On September 17, the government proposed amalgamation of Bank of Baroda, Dena Bank and Vijaya Bank aiming to revive the stressed banking sector through consolidation.
Finance Minister Arun Jaitley defends revised GDP numbers for UPA era, calls CSO credible organisation
Recalibrating data of past years using 2011-12 as the base year instead of 2004-05, the CSO estimated that India's GDP grew by 8.5 per cent in the financial year 2010-11 and not at 10.3 per cent.
Commenting days after Congress leader and former Union minister Vilas Muttemwar questioned PM's lineage, the Finance Minister said: "The Congress considers only a great surname as a political beand."
Jaitley said globally central banks have a capital framework which determines the amount of funds that ought to be maintained as reserves.
The governor abruptly dissolved the state assembly Wednesday night, hours after the PDP staked claim to form a government with the backing of rival NC and the Congress.
Jaitley said has been done in one case and there are thousands of such cases which required a similar punishment in 1980s itself.
The state’s proposal to levy a disaster cess on the Goods and Services Tax (GST) is likely to get delayed.