Arun Jaitley Finance Minister of India

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Arun Jaitley Finance Minister of India News

19 Feb 2016

'Pushing GDP over fiscal discipline to be counter-productive'

The government's likely approach of giving priority to growth numbers at the expense of fiscal consolidation could prove "counter-productive", says HSBC.

UK-based investors

19 Jan 2016

UK investors call for interest rate cut in India

The UK-based investors have asked the Indian government to cut real interest rates to help boost investments, underlining that rates are way too high and need to be brought down significantly.

7th Pay Commission Report

13 Jan 2016

Modi govt sets up panel to process 7th Pay Commission's recommendations

The Empowered Committee of Secretaries will function as a Screening Committee to process the recommendations with regard to all relevant factors of the Commission in an expeditious detailed and holistic fashion.

Union Budget

28 Feb 2015

Footwear industry says duty cut to help competitiveness

The Budget proposal to reduce the excise duty on footwear with leather uppers and having retail price of over Rs 1,000 has been welcomed by the industry, saying the move will help increase competitiveness.

Union Budget

28 Feb 2015

Budget: Delhi Metro gets 22 per cent hike

The allocation of funds for Delhi Metro in the Union Budget has seen a 22 percent jump with it being alloted over Rs 4,200 crore as its network extends deeper into the National Capital Region.

Union Budget

28 Feb 2015

Budget 2015 evokes mixed reaction among real estate players

The real estate industry, which had pinned high hopes on the Union Budget for revival of the liquidity-starved sector, welcomed some of the proposals of Finance Minister Arun Jaitley, but said there was no clarity on development of 100 smart cities.

Union Budget

28 Feb 2015

Budget 2015: Service tax exemption to mutual fund agents withdrawn

Investment in mutual funds may turn expensive as the government on Saturday withdrew service tax exemption given to MF agents of asset management companies (AMCs).

Union Budget

28 Feb 2015

Five mega power projects positive for copper industry

The government's proposal to set up five new 4,000 MW ultra mega power projects, entailing investments of around Rs 1 lakh crore, is a big positive for the copper industry, said International Copper Association of India (ICA).

Union Budget

28 Feb 2015

Budget focuses on road network on borders with China, Pak

NDA government has in its infrastructure development initiatives focused on connecting with all weather roads along borders with nearly 100 percent increase in allocation for construction of roads along Sino-India and Indo-Pak boundaries.

Union Budget

28 Feb 2015

MEA gets 19% hike in allocation

The foreign ministry has seen a good hike of 19 percent in its fund allocations in the Union Budget 2015-16 as the main thrust remained towards various development assistance projects implemented by India in neighbouring countries including Bhutan and Afghanistan.

Union Budget

28 Feb 2015

Jaitley favours procurement law to prevent scams

Union Finance Minister Arun Jaitley Saturday advocated a procurement law to check wrongdoings by officials in public procurement.

Union Budget

28 Feb 2015

Budget: SIT on blackmoney gets 10 percent hike

The Special Investigation Team (SIT) on black money has been accorded an about 10 percent hike in the latest budgetary allocation for expanding its infrastructure and procuring logistics to effectively conduct its task of tackling the menace.

Union Budget

28 Feb 2015

Budget 2015: Air travel becomes costlier, Ai India to get Rs 2500 crore

First and business class air travellers would find flying costlier from the next fiscal with an almost 2 percent hike in service tax rate proposed in the general budget, which also earmarked Rs 2,500 crore for ailing Air India in 2015-16.

Union Budget

28 Feb 2015

MHA gets Rs 62,124.52 cr in budget, a 10.2% jump

Home Ministry was today allocated Rs 62,124.52 crore in the Union Budget, a modest 10.2 percent jump over the outlay in last fiscal, with special focus on safety of women, rehabilitation of Kashmiri Pandits and internal security.

Union Budget

28 Feb 2015

Over Rs 208 crore earmarked for training of babus

Over Rs 208 crore has been allocated to the Ministry of Personnel for 2015-16 to augment its training facilities for bureaucrats.

Union Budget

28 Feb 2015

Subsidy bill cut by 10% to Rs 2.27 lakh crore for 2015-16

Subsidies on food, fertiliser and petroleum have been reduced by over 10 percent to Rs 2.27 lakh crore for 2015-16, mainly due to a sharp cut in petroleum subsidies.

Union Budget

28 Feb 2015

Budget: SIT on blackmoney gets 10 per cent hike

Union Budget

28 Feb 2015

We will build six crore toilets: Jaitley

The central government will achieve the target of building six crore toilets across the country under the Swachh Bharat Abhiyan, Finance Minister Arun Jaitley said while presenting the Union Budget 2015-16 Saturday.

Union Budget

01 Mar 2015

Infrastructure, social spending priority areas: FM

The fiscal deficit of 3 percent will be met in three years instead of two, Finance Minister Arun Jaitley said in a post-Budget interview on Saturday.

Union Budget

28 Feb 2015

Budget 2015: Govt gives new tax benefits for REITs, InviTs

In a fillip to investments in realty and infrastructure sectors, Finance Minister Arun Jaitley today rationalised capital gain tax regime for the sponsors of newly-created business structures REITs and INViTs.

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Arun Jaitley Finance Minister of India News

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