Accusing the Congress of creating obstacles in the path of growth and economy, he declared that the government would try to get the bill passed with the help of parties
Last month, in a historic development, the UK voted to leave the European Union.
He slammed those trying to stall passage of the Bill in Parliament saying they were attempting to 'stop progress of the country
On the eve of Prime Minister Manmohan Singh's press conference on Friday, the Bharatiya Janata Party on Thursday asked him some probing questions, including how he thinks history would judge his tenure, "failure" to assert himself against corruption and "subversion" of constitutional institutions.
Finance Minister Arun Jaitley on Monday turned 63 and was greeted on his birthday by Prime Minister Narendra Modi and many other leaders.
He also underlined that activism has to be blended with restraint and there cannot be a compromise with other aspects of the basic structure in the name of judicial independence.
The first to bowl was Ramesh, who called Jaitley a "master spinner of facts".
The finance minister said the economy had been slowing.
Manufacturing taxes, VAT will come down, assures Jaitley
The government informed the Rajya Sabha on Monday that the war in Iraq had not significantly affected exports from India, though Gulf countries accounted for 11 per cent of the country's total exports.
The finance minister is "reasonably confident" that when it comes to the crunch, "it would be extremely difficult even for the Congress party to take a contrarian view" on the GST Bill.
Senior Bharatiya Janata Party leader and Leader of Opposition in Rajya Sabha Arun Jaitley on Friday said the Congress had no clear policy on countering Naxalism, and it was the Bharatiya Janata Party-ruled Chhattisgarh which showed the way on how to tackle the ultras.
The Congress accused the Centre of making a serious assault on the basic structure of the Constitution, saying the action subsumes the independence of the judiciary.
A kidney transplant operation was scheduled for Saturday and all formalities for a donor kidney were also completed.
'See how he uses the CBI, allows telephone tapping, sustains corrupt ministers, ignores indisciplined ministers, had the cash for votes scam and used the Election Commission. Which institution has not been damaged by his government?' asks Bharatiya Janata Party leader Arun Jaitley.
There is concern in the organisation and the leadership over the unbridled criticism aimed at the Finance Ministry.
The finance minister is in Singapore for The Singapore Summit.
'We will have a big say in Delhi in 2018 or 2019 (whenever the elections are) in the Lok Sabha.'
Jaitley said the CAG report has reference to the shortage of ammunition in relation to a point of time.
The development came even as Uttarakhand is set to have a vote of confidence on Tuesday to determine whether Congress leader Harish Rawat has enough numbers to retain power in the state that is currently under the President's Rule.
The minister without portfolio is recovering well after his kidney transplant and has started walking in his hospital room.
With just eight days left for the winter session, Jaitley and Parliamentary Affairs Minster M Venkaiah Naidu held consultations with Leader of Opposition in Rajya Sabha Ghulam Nabi Azad and Deputy Leader Anand Sharma.
Will it be home or defence for Amit Shah?
As part of government's efforts to ensure better coordination with the party, Finance and Defence Minister Arun Jaitley will chair a meeting of its leaders and ministers every Monday.
According to reports, eight hours have been allocated by the speaker for discussion on the tax reform bill.
'Reports in a section of media regarding Union Minister Shri Arun Jaitley's health condition are false and baseless. Media is advised to stay clear of rumour mongering,' Government Spokesman Sitanshu Kar tweeted.
Congress Lok Sabha candidate from Amarinder Singh took a dig at BJP nominee Arun Jaitley for his 'majboor' (helpless)-and-'mazboot' (strong)- leader remarks, saying strong leaders "do not go begging for constituencies to secure their secret prime ministerial ambitions".
Raising strong objections to the "highly improper" procedure adopted by the Union government in making key appointments to the posts of Lokpal, Bharatiya Janata Party leader Arun Jaitley has charged the department of personnel with diluting the role of the Selection and Search Committees.
The DDCA issue is likely to create ruckus in Parliament on Monday with parties looking to target Finance Minister Arun Jaitley as he is "practically the number two in the government".
This is Jaitley's first overseas visit since his kidney ailment was confirmed in April last year.
Totackle the serious challenges faced by the banking sector, the government will bring in more professional management and boards in the banks.
A Bill to change the PCA (1988) was introduced in the Rajya Sabha earlier this month.
However, BJP has not given any assurance of support and conveyed to the Finance Minister that the matter will be discussed within the party and take a call, sources said.
Bharatiya Janata Party leader Arun Jaitley was on Sunday detained as he arrived at the airport here on his way to communal violence-hit Kishtwar, which was made out of bounds for political leaders by the Jammu and Kashmir government.
Jaitley said Modi has never questioned Manmohan Singh's integrity and commitment to the nation.
Due to the high risk of contracting infection, Jaitley would be kept in a controlled environment with barely any visitor being allowed to see him.
Social Justice Minister Thaavarchand Gehlot sought to allay doubts raised by several opposition members about the legislation's fate if challenged in the Supreme Court, saying he can say with confidence that the apex court will accept it.
In a strong show of support for Arun Jaitley, Prime Minister Narendra Modi on Tuesday said the finance minister will come through "with flying colours" against charges of corruption levelled against him by the opposition in the same way L K Advani did in the Hawala case.
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28 private sector companies are having FDI varying up to 26 per cent.
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