The government will have to enhance economic activities if it wants to control fiscal deficit.
As a member of his Cabinet, the former finance minister would give valuable inputs because of his knowledge of parliamentary and government history, Modi said, adding that he will always miss his presence and called him an "encyclopedia".
Finance Minister Arun Jaitley was on Friday at the centre of a row over his "small rape incident" remark with attack being mounted on him from various quarters even as he said he had not referred to any particular case and that he had no intention of trivialising any crime.
Finance Minister Arun Jaitley presented the Budget in Parliament on Saturday.
Pre-Budget Economic Survey tabled in Parliament.
The minister asked the state governments to assess the problem as action taken after price rise creates panic in the market.
The economy and society have changed 'hugely' over the years, he said.
Sitharaman, India's first full-time woman Finance Minister, broke away from the colonial tradition of carrying a Budget briefcase in July 2019, opting instead for a traditional 'bahi-khata', to carry the Union Budget papers.
Jaitley was admitted to a private hospital in New Delhi on September 1 for surgery to manage a long-standing diabetic condition, and had originally been expected to leave after a few days.
Finance Minister Arun Jaitley said the government would take bold decisions and pursue path of fiscal prudence to revive economy.
The Delhi chief minister also said the sports bodies should be free from politicians and be handled by professionals.
However, the revised target, 16.7 per cent higher than stated in the interim Budget in February, looks unrealistic.
The Budget has proposed increasing the income tax exemption limit to Rs 250,000 from Rs 200,000 and raised the ceiling on investment in saving instruments to Rs 150,000 from Rs 100,000 per annum.
The words that appeared more often in the speech included tax, income, lakh and crore.
Finance Minister Arun Jaitley has said that the states were free to announce farm loan waivers if they had the fiscal space and that there would be no shortfall this year in divestment and non-tax revenues.
The government on Friday announced some concessions for mutual fund industry and income tax payers, while comitting to low tax regime to promote industrial activity to generate jobs and create more resources to undertake social welfare activities.
Jaitley was speaking at a breakfast session.
However, Jaitley's son-in-law had earlier issued a statement stating that his law firm had returned the retainership the moment they came to know that the company was involved in a scam.
In line with the relief package for tea growers announced in the Interim Budget, Commerce Minister Arun Jaitley on Friday sought a three-point package including two per cent reduction in interest rate on Special Coffee Term Loans.
There are four public sector general insurance companies.
Reserve Bank will hold its first bi-monthly monetary policy review for 2016-17 on Tuesday.
Vardhan had said on Friday, "Doctors at AIIMS are doing the best they can."
He said the Finance Minister assured the delegation that the Financial Services Secretary would look into the matter and the settlement process would be expedited.
Finance Minister Arun Jaitley's Budget 2014 allows retail investors in India to have an affordable, liquid and convenient way to invest in real estate.
Vadodara District Collector Vinod Rao told PTI that he received a letter in this regard from Jaitley on Wednesday.
Finance Minister Arun Jaitley has announced no new taxes in the Delhi Budget.
National Security Advisor Ajit Doval and other top officials of the prime minister's office and the security apparatus were present at the meeting.
Finance Minister Arun Jaitley said that at a time when the private sector has been somewhat conservative in investments, public investment always takes the lead.
The govt rode to power on promises of providing relief to inflation-hit middle class.
Amendment to the Income Tax Act with retrospective effect, undertaken by the United Progressive Alliance government in 2012 to protect revenue, had evoked sharp reactions from domestic as well as global investors.
The minister said Indian economy was the fastest growing.
The AIIMS has not issued any bulletin on Jaitley's health since August 10.
Decision-making has to be much quicker, the finance minister said.
His remark comes hours after the government disclosed before the Supreme Court eight more names, including that of Pradip Burman, one of Dabur India promoters, a bullion trader and a Goa miner against whom it has started prosecution for allegedly stashing black money in foreign banks.
Capital formation in agriculture is the key to the development of the rural infrastructure, said the finance minister.
"Remembering my friend, Arun Jaitley Ji on his birth anniversary. His warm personality, intellect, legal acumen and wit are missed by all those he closely interacted with. He worked tirelessly for India's progress," Modi tweeted.
India's economy is poised to take off at a much faster pace, Finance Minister Arun Jaitley told reporters on Thursday.
The suspense over the possible composition of the National Democratic Alliance cabinet seems to be nearing climax as sources informed that a list of names is being finalised to be sent to President Pranab Mukherjee on the sidelines of Narendra Modi's swearing-in ceremony.
From handling the party organisation, finalising candidates, shooting the breeze with the media to pow-wows with diplomats and liaising with the PMO -- Arun Jaitley is the BJP's chief backroom manager in this election, reports R Rajagopalan.
Finance Minister Arun Jaitley on his maiden visit as minister to Washington, DC, addresses two think thanks, leaves American Establishment impressed, reports Aziz Haniffa/Rediff.com.
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