"I am certain that now that the growth is returning back to the world, the future holds an important direction as far as India is concerned. The sheer size of the country and economy would offer huge opportunity for investment in India in the next few years," the finance minister said in Washington, DC.
Heated exchanges were witnessed between Union Minister Arun Jaitley and senior advocate Ram Jethmalani in the Delhi high court on Wednesday during the former's cross-examination in a defamation case against Chief Minister Arvind Kejriwal.
The Delhi chief minister also said the sports bodies should be free from politicians and be handled by professionals.
Senior New Delhi-based journalist R Rajagopalan, who has been closely following the Union Budget preparations since 1977, lifts the veil off India's most secretive operation.
The economy and society have changed 'hugely' over the years, he said.
Finance Minister Arun Jaitley to discuss key issues with state finance ministers.
Union Finance Minister Arun Jaitley on Friday said it should be mandatory for those filing public interest litigations against the government on development projects to declare their source of funds, days after Prime Minister Narendra Modi cautioned the judiciary against being influenced by "five-star activists".
Sitharaman, India's first full-time woman finance minister, had in July 2019 ditched the colonial legacy of a Budget briefcase for the traditional 'bahi-khata' to carry Union Budget papers.
The finance minister termed rationalisation of subsidies as 'unsung reforms'.
The 3 per cent target would now to reached a year later.
The finance minister said while the 10 years of the United Progressive Alliance government were characterised by "policy paralysis", the Modi dispensation introduced structural reforms to make India a developed nation and give it a cleaner economy.
Finance Minister Arun Jaitley has been appointed on the Board of Governors of Philippines-based Asian Development Bank (ADB).
The council, headed by Finance Minister Arun Jaitley, will meet again on December 11 and 12 to hammer out the differences.
Finance Minister Arun Jaitley will kick off pre-budget consultations with different interest groups from Thursday, starting with the representatives of the farm sector.
'Power sits lightly on Arun Jaitley's shoulders. Just because earth-shaking election results have brought his party in power, he has not gone recklessly ambitious. "Too soon, too fast" is not what he likes,' says Sheela Bhatt/Rediff.com about Budget 2014.
Jaitley was replying to a debate in the Lok Sabha on Supplementary Demands for Grants for an additional expenditure of over Rs 12,500 crore (Rs 125 billion).
Says current interest rates are a disincentive for growth, especially in the construction sector
You too can send in your suggestion of what the Budget should be like.
Penning a Facebook post on the second anniversary of GST rollout, Jaitley said as many as 20 states are already showing more than a 14 per cent increase in their revenues and do not require the Centre to compensate them for revenue loss arising out of GST implementation.
Jaitley said the Congress party which ruled the country for decades is out of sync with the ground realities and aspirations of India as it exists now.
'Well done, Mr Jaitley, now go and implement your schemes. No leakages, no lapses and no laziness.'
It would be difficult to stick to the Budget numbers unless the departments are reined in their expenditure plans.
Jaitley said it is no surprise that Dr Manmohan Singh is unhappy as 'maximum black money was generated' under his rule.
Opposition on Tuesday claimed that Prime Minister Narendra Modi has signalled to Finance Minister Arun Jaitley to quit in the wake of DDCA row.
Jaitley said the verdict held that nobody was guilty in the case and investigation agencies would take an appropriate decision, taking facts and history into account.
The minister said the Opposition's false campaign on Rafale did not carry much weight.
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.
The tax would create a single market in India for the first time.
GST compensation law allows for imposition of cess on certain luxury goods like tobacco, high-end cars and aereated drinks to create a corpus for compensating states for any loss of revenue in the first five years
Irked by angry reactions to his Facebook post on 'World UFO Day' on Wednesday, Finance Minister Arun Jaitley withdrew the message within hours.
To curb the black money problem, Jaitley said that India would be entering into bilateral pacts with Switzerland and other countries for automatic exchange of tax information.
A future road map could be to work towards a single standard rate instead of two standard rates of 12 per cent and 18 per cent, he said.
'Modi has sowed the seeds of a transformational change.' 'For the sake of the nation and our children I hope he succeeds.'
In a Facebook post on the second anniversary of demonetisation, Jaitley said in first four years of the National Democratic Alliance government, the number of income tax returns filers has gone up to 6.86 crore from 3.8 crore in May 2014.
The new numbers show India's economic growth rate averaged 6.7 per cent during the Congress-led United Progressive Alliance regime as compared to 7.3 per cent under the present government. Previous numbers had put the average growth rate during the 10-year UPA rule at 7.75 per cent.
Noted criminal lawyer Ram Jethmalani will represent Delhi CM Arvind Kejriwal in the civil and criminal defamation suits filed against him by Finance Minister Arun Jaitley.
Jaitley has managed the difficult feat of sticking to the fiscal correction.
The rise in govt benefits has pushed the fiscal deficit to 4.5 per cent.
Jaitley said note ban has compelled people to deposit money into bank accounts.
He said the country has witnessed a journey from indecisiveness to clarity and decisiveness.
