Eating out, mobile bills, internet, travelling set to get costlier from June 1

Eating out, mobile bills, internet, travelling set to get costlier from June 1

Zee Media Bureau

New Delhi: Your cost of living is set to get slightly costlier from June 1.

This is because the new cess Krishi Kalyan Cess (KKC) announced by Finance Minister Arun Jaitley in Budget 2016 will come into play from June 1. 

 Absence of pro-competition policy promotes crony capitalism: Arun Jaitley

Absence of pro-competition policy promotes crony capitalism: Arun Jaitley

Pitching for more competition, Finance Minister Arun Jaitley today cautioned that pro-business environment without "pro-competition" policies can result in dangerous consequences, including crony capitalism.

Indian economy estimated to grow at 7.6%; low fuel prices, reforms key growth drivers: FM

Indian economy estimated to grow at 7.6%; low fuel prices, reforms key growth drivers: FM

Indian economy is estimated to register 7.6% growth in 2015-16, despite contraction of global exports and two years of shortfall in monsoon, said the Finance Minister Aruin Jaitely on Friday.

NDA has done more work on black money than previous govts: Arun Jaitley

NDA has done more work on black money than previous govts: Arun Jaitley

Finance Minister Arun Jaitley today said the NDA government has done more work to fish out black money than any other previous government in a short span of two years and all efforts are afoot to book those who have not taken advantage of the disclosure scheme.

FM Arun Jaitley speaking live on Tax treaty

FM Arun Jaitley speaking on Tax treaty. Watch complete news story of Mandi Live and stay updated with the latest trends and statistics in the stock market, commodity market and share market!

FM rules out rollback of excise duty on jewellery

FM rules out rollback of excise duty on jewellery

Finance Minister Arun Jaitley today rejected demands, including from ally Shiv Sena, for rollback of one per cent excise duty on non-silver jewellery and asserted that jewellers will have to pay taxes.

Developing nations' share in IBRD, IFC should be 50%: Jaitley

Developing nations' share in IBRD, IFC should be 50%: Jaitley

Seeking reforms in IMF and World Bank to reflect a larger say for economies like India, Finance Minister Arun Jaitley has said the share of developing and transition countries (DTCs) in the multi-lateral lending agencies IBRD and IFC must be raised to 50 per cent.

Developing nations' share in IBRD, IFC should be 50%: Jaitley

Developing nations' share in IBRD, IFC should be 50%: Jaitley

Seeking reforms in IMF and World Bank to reflect a larger say for economies like India, Finance Minister Arun Jaitley has said the share of developing and transition countries (DTCs) in the multi-lateral lending agencies IBRD and IFC must be raised to 50 per cent.

India has created favourable investment climate: Jaitley to WB

India has created a favourable investment climate in all sectors which has resulted in a hefty increase in FDI in the last two year

No climate of intolerance in India: Arun Jaitley

No climate of intolerance in India: Arun Jaitley

There could be "stray" incidents of people on either side of the political spectrum making irresponsible statements but this could not be generalised as prevalence of a climate of intolerance in the country, Union Minister Arun Jaitley has said.

SC dismisses plea challenging SEBI rules

The Supreme Court on Wednesday dismissed as "infructous" a plea challenging the Finance Minister's power to nominate two members in the selection board for appointment of the Securities and Exchange Board of India (SEBI) Chairman and its full-time members.

New poverty line makes a third of Pakistanis poor

 At least 60 million Pakistanis are living below the poverty line, posing a challenge for the government.

 Exceedingly high oil prices can create problem: Jaitley

Exceedingly high oil prices can create problem: Jaitley

Even if oil prices move a little higher, they will not be negative for India but "exceedingly high" rates create problems for the country, Finance Minister Arun Jaitley said on Thurday.

Bankruptcy Bill likely in coming Parliament session, says FM

Emphasising that the government is committed to reforms, Finance Minister Arun Jaitley on Tuesday said things appear to be in the final round as far as GST is concerned while the bankruptcy Bill is expected to be taken up in the upcoming Parliament session.

Finance Minister's retort to Arvind Kejriwal on jewellers' stir: Abolish VAT on Gold

Finance Minister's retort to Arvind Kejriwal on jewellers' stir: Abolish VAT on Gold

Turning tables on Delhi Chief Minister Arvind Kejriwal, who is supporting jewellers' stir against the imposition of excise duty, Finance Minister Arun Jaitley today said that the Delhi government should first abolish VAT on gold.

Govt sets up fund to use unclaimed money for senior citizens

Govt sets up fund to use unclaimed money for senior citizens

 Government has set up a welfare fund which will utilise unclaimed money, estimated to be in excess of Rs 9,000 crore, lying in PPF, employees provident fund and small savings schemes to provide healthcare facilities and pension to senior citizens.

Jaitley says Adani coal project not on agenda of Australia visit

Finance Minister Arun Jaitley today dismissed reports that he would push for funds for Adani's 16.5 billion dollars coal mine project during his meetings with Australian leaders, saying this was was not on his agenda.

Jaitley calls for exposure of Australian super funds in India

Jaitley calls for exposure of Australian super funds in India

 Finance Minister Arun Jaitley held a bilateral meeting with the treasurer of Australia Scott Morrison in Sydney today, where he said that the Australian future and super funds be exposed to India and called for increase in investment by Australia businesses in India as they can get better returns on their investment.

Resolved various legacy issues, moving to 25% corp tax rate:FM

Resolved various legacy issues, moving to 25% corp tax rate:FM

 Finance Minister Arun Jaitley said the Indian government has resolved various legacy issues with regard to taxation and will gradually bring down the corporate tax rate to the global level at 25 percent from 30 percent currently.

Govt to walk extra mile to see jewellers are not harassed: FM

Govt to walk extra mile to see jewellers are not harassed: FM

As the jewellers' strike against levy of excise duty entered fourth week, Finance Minister Arun Jaitley today offered to walk the extra mile to ensure that small traders were not harassed but made it plain that luxury items cannot go untaxed.