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CBI summons Karti Chidambaram in INX Media bribery case

CBI summons Karti Chidambaram in INX Media bribery case

The CBI on Wednesday issued summons to Karti Chidambaram, the son of former Finance Minister P Chidambaram, in its ongoing probe against him in a corruption case, an official said.

GST Council hikes cess on cigarette to offset makers' windfall

GST Council hikes cess on cigarette to offset makers' windfall

The GST Council on Monday hiked cess on cigarettes to take away the "windfall" manufacturers were reaping due to an anomaly that crept in after the GST rate fixation, Finance Minister Arun Jaitley said on Monday.

GST to rollout on July 1, return filing rules relaxed for July-August

GST to rollout on July 1, return filing rules relaxed for July-August

The GST Council on Sunday relaxed return filing rules for businesses for the first two months of the rollout of the new indirect tax regime even as it stuck to the July 1 launch date.

Govt actively working towards bank consolidation: Arun Jaitley

The government is "actively working" towards consolidation of banks, said Finance Minister Arun Jaitley on Monday.

FM Jaitley to meet PSU bank chiefs tomorrow to review NPA situation

FM Jaitley to meet PSU bank chiefs tomorrow to review NPA situation

Finance Minister Arun Jaitley will meet heads of PSU banks on Monday to discuss the issue of non-performing assets (NPAs) and the steps being taken by them to expedite the recovery of bad loans which have crossed Rs 6 lakh crore.

Ministry will process Niti Aayog report on Air India sale: Arun Jaitley

Ministry will process Niti Aayog report on Air India sale: Arun Jaitley

The Niti Aayog has given its recommendations on the government disinvesting stake in Air India to the Civil Aviation Ministry, which will take a decision on the matter, Finance Minister Arun Jaitley said on Thursday.

Our defence preparedness best deterrent, will guarantee peace: Arun Jaitley

Our defence preparedness best deterrent, will guarantee peace: Arun Jaitley

Defence Minister Arun Jaitley on Tuesday said India`s defence preparedness is the "best deterrent" and will guarantee peace in the region.

Quarterly filing of returns not workable for taxpayers under GST: Arun Jaitley

Finance Minister Arun Jaitley on Monday said that the quarterly filing of returns under the Goods and Services Tax (GST) was not workable for taxpayers above Rs 50 lakh turnover.

Arun Jaitley says no plan to tax farm income

Arun Jaitley says no plan to tax farm income

India`s finance minister Arun Jaitley said on Wednesday that the government has no plans to tax agricultural income, a day after a senior economic adviser touched a political nerve by proposing farmers pay income tax like people in cities.

Arun Jaitley raises H-1B visa issue with US authorities

Arun Jaitley raises H-1B visa issue with US authorities

The vexed issue of the Trump administration mulling curbs in H-1B visas has been taken up with by Finance Minister Arun Jaitley with the American authorities during his ongoing visit, an Indian official said on Sunday.

Recent election outcomes indicative of popular support for economic reforms: Arun Jaitley

Recent election outcomes indicative of popular support for economic reforms: Arun Jaitley

Finance Minister Arun Jaitley on Saturday said that recent election outcomes supporting ruling Bharatiya Janata Party (BJP) are a clear indication that there is popular support for economic reforms in India.

Former UK finance minister George Osborne to step down at June election

Former British finance minister George Osborne said on Wednesday he would stand down from parliament at June`s national election, according to a letter to constituents quoted in the London Evening Standard newspaper.

FM Arun Jaitley gets President's pat for finishing Budget process by Mar 31

FM Arun Jaitley gets President's pat for finishing Budget process by Mar 31

Finance Minister Arun Jaitley today received a pat from President Pranab Mukherjee for completing the budget exercise by March 31 and not seeking a the Vote on Account, which happened for the first time in many years.

Arun Jaitley, Urjit Patel brainstorms ways for timely resolution of NPAs

Arun Jaitley, Urjit Patel brainstorms ways for timely resolution of NPAs

Finance Minister Arun Jaitley on Friday discussed options on resolution of bad loans with RBI Governor Urjit Patel and other top officials in finance ministry but creation of a 'bad bank' to hold such loans seemed not on top of alternatives.

India can grow at higher rate; job creation plans underway: Jaitley

India can grow at higher rate; job creation plans underway: Jaitley

India has potential to grow faster and plans are underway to reduce poverty and create jobs in rural areas, Finance Minister Arun Jaitley said today, even as he ruled out the country becoming totally 'cashless' immediately.

Demonetisation process almost complete, cash economy to be substituted digitally: Arun Jaitley

Demonetisation process almost complete, cash economy to be substituted digitally: Arun Jaitley

Finance Minister Arun Jaitley today said the demonetisation process is almost complete, hailing it as the "smoothest possible replacement" of high denomination currency anywhere in the world.

Demonetisation has positive impact: Arun Jaitley

Demonetisation has positive impact: Arun Jaitley

Union Finance Minister Arun Jaitley on Sunday said the purpose of demonetisation is served as it had led to "larger and cleaner GDP".

Sebi evolving in tune with market needs: Arun Jaitley

Sebi evolving in tune with market needs: Arun Jaitley

Emphasising that Indian securities market has seen significant developments, Finance Minister Arun Jaitley on Saturday said the regulator is evolving in accordance with the needs of the economy and markets.

All finance ministers have perpetual desire for lower rate: FM

All finance ministers have perpetual desire for lower rate: FM

Finance Minister Arun Jaitley today said that he expected the RBI to cut interest rate but respect its decision to hold status quo.

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

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

In another two months, the government hopes to put in place a new mechanism to replace the existing Foreign Investment Promotion Board (FIPB), which will further improve ease of doing business, Economic Affairs Secretary Shaktikanta Das has said.