Over lunch, Finance Minister Arun Jaitley breaks down his Budget. Sheela Bhatt/Rediff.com reports.
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Adani CEO Jeyakumar Janakraj said the Adani issue was not on the agenda of Jaitley's visit.
The words that appeared more often in the speech included tax, income, lakh and crore.
Kejriwal's apology spree began last month, with "sorries" to the BJP's Nitin Gadkari, the Congress's Kapil Sibal and the Akali Dal's Bikram Singh Majithia.
When Finance Minister Arun Jaitley presents the Budget in a short while, there are high expectations from people on raising the income tax exemption limit.
There is nothing wrong with government and RBI having conflicting opinions.
Insisting that Vijay Mallya was not given even "a rupee benefit" under the Modi government, Finance Minister Arun Jaitley on Thursday said that loans were reportedly given to the businessman during the previous United Progressive Alliance rule through intervention of the North Block, a reference to the finance ministry.
Reserve Bank will hold its first bi-monthly monetary policy review for 2016-17 on Tuesday.
In a further escalation of the confrontation between the Congress and the government, the opposition party claimed that a committee constituted by the Delhi government has found 'gross financial irregularities' in the DDCA during that period.
The National Health Protection Scheme -- announced by the finance minister -- is aimed at benefiting 10 crore poor families by providing coverage of up to Rs 5 lakh per family per year.
Jaitley said each of the regions in the world is trying to do its best.
A stern articulator with outspoken views and a dignified personality, Sitharaman now bears the responsibility of steering the economy which has witnessed sluggish growth in recent quarters.
He said the government proposes to extend Pradhan Mantri Kaushal Kendras to more than 600 districts across the country, from 60 districts at present.
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.
Finance Minister Arun Jaitley on Thursday brushed aside concerns of Parliament's upcoming monsoon session being disrupted over the Lalit Modi controversy, saying some people may be relevant to TV channels but not to governance.
A delegation of ex-servicemen on Sunday met Finance Minister Arun Jaitley and submitted a memorandum seeking "corrections" in the One Rank One Pension notification, as their protest on the issue entered the 203rd day.
Jaitley said the Congress may be upset with the government for 'political reasons'
A kidney transplant operation was scheduled for Saturday and all formalities for a donor kidney were also completed.
The dates of general elections in 2019 and the presentation of the final Budget of the Modi government are so far removed from each other that Jaitley is not under any pressure to present a populist Budget. Instead, he could well unveil an array of schemes and proposals that he believes are necessary for the economy, even if a few of them could be unpopular, says A K Bhattacharya.
Finance Minister Arun Jailtey's time table on Budget day.
Calling Jaitley a "master of half truth and beautiful lies", AAP leader Ashutosh made certain fresh allegations against the finance minister and said his comments that there was no specific charges against him was "misleading".
LJP sources said the BJP's defeat in the five state polls have ignited a rethink in the party over its ties with the saffron party.
In a speech, Jaitley said that while he expected to hit targeted levels for direct taxes, reaching the goal for indirect taxes would be a "challenge".
Though not a blockbuster budget it does not undermine the fact that key issues were addressed and the finance minister certainly did not under-deliver, says Vatsal Srivastava.
The Centre is grappling with the question of its fiscal roadmap not only for this year but for 2018-19
Jaitley began his speech by saying that today is the auspicious day of Basant Panjami and that "spring is the season of optimism".
The minister further said that those who "peddle falsehood to destroy the institution are not dealt with in an exemplary manner, this trend will only accelerate."
"The fourth quarter results of GDP data showed a phenomenal 7.7 percent growth rate and has established India firmly as the fastest growing global economy. This trend, according to experts, is likely to continue for the next few years," Jaitley said in a Facebook post.
Union Finance Minister Arun Jaitley said despite a global slowdown and its impact on countries, India remains insulated from the economic fallout.
These have to be passed in this session to meet the September 15 deadline for switching over to the new indirect tax regime, Jaitley said.
He assured fears of food shortages were far-fetched.
The Union minister said this is not a time for India to test an anarchic kind of combination when it is on the growth path.
A K Bhattacharya lists three reasons why Finance Minister Arun Jaitley will most likely present a full Budget on February 1, 2019.
'I think investors see a lot of positives happening in India now.'
He said taxation has to be rationalised to make Indian products competitive.
The duo face a tough challenge to their ministerial aspirations.
Jaitley said a 10 per cent tax long on capital gains exceeding Rs 1 lakh made from the sale of shares has been introduced but those made till Janaury 31 would be grandfathered. A 10 per cent tax on distributed income by equity oriented mutual funds has also been proposed in the budget.
"A very easy solution to suggest is tax-payers must pay because the private sector has defaulted," Jaitley said, adding that bank recapitalisation, where the government puts in more capital in public sector banks to shore up their books, effectively amounted to that. "Therefore, I think let's try and make the private sector pay for their debts or allow somebody else to step in."
Will Finance Minister Arun Jaitley's Budget 2016 be able to put India on a growth trajectory?
