Jaitley presents NRI award to G P Hinduja.
Arun Jaitley had proposed in the Budget to double the rate of capital gains tax on debt MFs to 20%.
Listing the series of reforms which led to the upgrade, he said while demonetisation took the economy towards greater formalisation and digitisation, use of Aadhaar ensured targeted delivery of government benefits.
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.
The Finance Minsiter says country requires 'a larger opening out in more sectors, stability of policy and tax regime'
The efforts will also be made to introduce mobile banking on all kinds of phones, Finance Minister Arun Jaitley told reporters after meeting the heads of PSU banks here on Thursday.
Earlier, the RBI cut its policy interest rate to 6.75 per cent.
Finance Minister Arun Jaitley on Tuesday assured Rajya Sabha that the Centre will fulfill all commitments made towards Andhra Pradesh in 'letter and spirit', following protests by some Congress members.
Congress has repeatedly alleged a "scam" in the purchase of Rafale fighter jets claiming the cost per aircraft in 2012 was agreed at Rs 526.10 crore while the one signed by the Modi government costs 7.5 billion (Rs 1,670.70 crore per aircraft).
A memorandum, signed by the chief ministers or finance ministers of Andhra Pradesh, Puducherry, Karnataka, Delhi, West Bengal, Kerala and Punjab, said the terms were disruptive and a cause for concern.
Corporate India has high hopes from the upcoming Budget.
Govt has drawn list of PSUs for strategic sale: Jaitley
The war of words between Finance Minister P Chidambaram and Arun Jaitley, leader of opposition in the Rajya Sabha, refuses to die.
With Punjab Chief Minister Parkash Singh Badal reportedly pitching Arun Jaitely as the deputy prime minister if the National Democratic Alliance comes to power, the senior BJP leader on Saturday played down the suggestion, saying he was not looking for positions.
Jaitley also said that several states have framed laws to deal with ponzi scheme-related cases
The Lok Sabha will start a discussion on the Budget on Wednesday.
Hours after Bharatiya Janata Party MP Kirti Azad's twitter posts crossed the limits of propriety when he seemed to address Finance Minister Arun Jaitley as a napunsak (eunuch), the cricketer-turned-politician denied making the statement and revealed that his profile had been hacked.
Union Finance Minister Arun Jaitley said the Narendra Modi government does not believe in a high taxation regime but is being pro-business and pro-poor at the same time.
"We are willing to speak to any of their leaders," Jaitley was quoted as saying by Bloomberg News.
The executive committee of Delhi and District Cricket Association (DDCA) is mulluing various disciplinary measures, including issuing show cause notice to former India cricketers Kirti Azad and Bishan Singh Bedi, for making corruption allegations against its former president Arun Jaitley.
The model is now being worked out between NITI Aayog and health ministry, he said, adding the date of implementation would be next financial year and some time in the course of the year it will be worked out.
Senior Bharatiya Janata Party leader Arun Jaitley on Friday said Emergency is no longer possible in the country as media censorship is not possible in the digital era and amendment to the Constitution has ensured that people cannot be detained without a cause.
Delivering the key mote address at the Citi's Investor Summit, Jaitley hoped that as a professional organisation the Reserve Bank will take 'the best decision'.
The Centre had set up a Commission under former Reserve Bank of India Governor Bimal Jalan to suggest steps to rationalise subsidy and help the government in effectively bringing down the fiscal deficit.
Jaitley said he is meeting the existing investors and potential investors, those who are looking at India, those who are looking to expand.
Nudging the RBI to cut interest rates to boost growth, Finance Minister Arun Jaitley on Sunday said he had already made his mind clear and hoped the central bank will take decision after taking into account various factors.
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.
The CII delegation includes many eminent names.
He said the Congress party is capable of dragging the judges into an unsavoury controversy and make them controversial 'should their judicial opinion not appear favourable in the cases in which the party has an interest'.
Budget for women and children welfare increased from Rs 1,56,528 crores to Rs 1,84,632 crores for 2017-18
He also took potshots at opposition parties' decision to observing November 8 as a 'Black Day', saying the move displays their faith in cash economy.
The government is scrambling to contain the fiscal deficit at 4.1 per cent of GDP in the fiscal year ending March
He said it may take up to 3 weeks for all the 2 lakh cash vending ATMs to operate normally as each one has to be calibrated individually to dispense new sized notes of Rs 2000 and Rs 500 besides lower denomination currency of Rs 100.
He said there is a fundamental distinction between religious practices, rituals and civil rights.
'Digital India' initiative has a huge potential, he said.
Only cash deposits of over Rs 250,000 in bank accounts will be scrutinised by the tax department and in case of mismatch with I-T returns, tax plus 200 per cent penalty would be levied
Finance minister Arun Jaitley has few feathers in his cap for taking serious eff
Offering an olive branch to the Opposition to get the GST bill passed, Finance Minister Arun Jaitley on Thursday said that Prime Minister Narendra Modi is willing to speak to everyone to get the landmark indirect tax law through.
The "dividing line" between news and opinion has weakened which leaves viewers and readers searching for facts and print media can "strike back" by presenting them without a "slant", Information and Broadcasting minister Arun Jaitley said on Tuesday.
As citizens who voted the BJP to power, here's an opportunity to share your Budget wishlist.
