Jaitley keen to uplift the insurance sector.
The entire Budget-making exercise will be advanced by 3-4 weeks so as to complete the legislative part of financial business before April 1, the start of a financial year
The government on Monday slammed Congress leader Kamal Nath for his remarks that Lok Sabha Speaker Sumitra Mahajan's decision on the issue of grant of Leader of Opposition status could be "flavoured" by BJP, saying it is "unfortunate" as the Speaker is above party lines.
Select committees on Mines and Minerals Amendment Bill and Coal Mines Bill recommended their approval without any change
Rediff.com gives you a look at newbies in the Council of Ministers
While players in the financial ecosystem are opening up to the idea of receivables funding for the sector, this market needs a regulator, which a Parliament panel feels only RBI can provide.
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
The Major Ports Authority Bill, 2020 was passed through ballot votes in the Rajya Sabha on Wednesday with 84 votes in its favour and 44 against it. The Lok Sabha had passed the bill on September 23 last year.
P Chidambaram accused the BJP of making a u-turn on bills like GST after having stalled them during the UPA regime.
Individual should be extra careful when taking money from parents or relatives to buy a property
'The critics are getting carried away.' 'The challenge for the RBI is not any erosion of autonomy caused by demonetisation.' 'It's the whole attempt to reduce the RBI's stature and role that has been under way,' says T T Ram Mohan.
PAC summons RBI Governor Urjit Patel, Finance Secretary Ashok Lavasa and Economic Affairs Secretary Shaktikanta Das.
'Willing to spend is different from when to spend and how much to spend'
The Rajya Sabha on Wednesday took up the four bills related to the GST, with the Opposition urging the government to insulate taxpayers from harassment and questioning how the new regime was "ideal" when 40 per cent of the revenue base of the GDP was kept out of its purview.
Franz Beckenbauer, who headed Germany's 2006 World Cup organising committee, said on Monday a transfer of 6.7 million euros to world football's governing body FIFA in 2005 was a mistake but rejected claims it was a return of a loan to buy votes in favour of the country's World Cup bid.
Amid a stalemate between the government and the Opposition over the issue, the House failed to transact any significant business and was adjourned for the day.
Myanmar military television says that the military has taken control of the country for one year.
Finance Secretary Hasmukh Adhia vacates his post on November 30 and Expenditure Secretary Ajay Narayan Jha, the second seniormost bureaucrat in the finance ministry, retires on January 31, the day before Jaitley presents the 2019-20 interim budget.
India does not have a unified regulatory regime to counter Ponzi, or pyramid, schemes whose operators typically grab new deposits to meet their promise of guaranteed returns to existing savers, point out Manoj Kumar and Mayank Bhardwaj.
The Congress may get chairmanship of the prestigious Public Accounts of Committee but still there is no guarantee whether it will get the post of Leader of the Opposition in the Lok Sabha.
The Supreme Court asked the Centre and the RBI on Monday to place on record the K V Kamath committee recommendations on debt restructuring in view of Covid-19 related stress on various sectors as well as the notifications and circulars issued so far on loan moratorium.
GST Bill needs a two-thirds majority in each House.
The party had also decided to ask Congress workers to contribute Rs 250 annually to the party.
Chairman of the committee S S Ahluwalia has sought an extension.
Govt is keen to push reforms in the insurance sector.
NBFCs which have not met Sebi criteria will face tough action.
The PFRDA Act would give statutory status to the pensions sector regulator, and in addition to other objectives, aims to address apprehensions regarding safety and yield under the National Pension System.
Ahead of the Parliament session, Prime Minister Narendra Modi on Wednesday reached out to parties appealing them not to come in the way of prosperity of farmers, saying the deadlock over the land acquisition bill is seriously impacting rural development.
Aimed at creating a single tax for goods and services across the country, government on Friday introduced the long-pending GST Bill in the Lok Sabha for roll-out of the new regime from April 2016 subsuming various levies like entry tax and octroi.
Gandhi used a purported audio clip to allege that Goa Chief Minister Manohar Parrikar is 'blackmailing' Modi.
Sebi has been given direct powers to freeze bank accounts, attach properties, conduct search and seizure and initiate recovery proceedings.
Rubbishing Pakistan's claim of a victory in the case, External Affairs Ministry Spokesperson Raveesh Kumar said Islamabad has its 'own compulsions to lie' to its people.
'Biometric Aadhaar-based surveillance is not only about violation of privacy, but also about the treasure hunt for unprecedented financial surveillance and economic intelligence in the economic history of mankind,' asks Gopal Krishna.
The Reserve Bank had identified 12 accounts, each having more than Rs 5,000 crore of outstanding loans accounting for 25 per cent of total NPAs or bad loans of banks, for immediate referral for resolution under the bankruptcy law.
'The government must provide more funds to enable the armed forces to fight and win tomorrow's wars,' states Brigadier Gurmeet Kanwal (retd).
Several top jurists on Monday pushed for scrapping the existing collegium system where judges appoint judges but government's plans to bring a bill to make the process of appointments more transparent may take some more time.
Displaying earnest, government will seek the views of jurists and former judges on the proposed Judicial Appointments Commission bill it plans to bring in Parliament to replace the present collegium system where judges appoint judges.
Though the government says public and private shipyards compete on equal terms, public shipyards feast at the high table with the defence ministry, with only scraps being tossed to private shipbuilders.
P Chidambaram rejected Prime Minister Narendra Modi's veiled charge that Sonia Gandhi was an "unconstitutional authority."
'The issue is not whether the farm laws are beneficial for the farmers or not.' 'The farmers have taken a stand that they do not want these laws.' 'Why do you want to thrust these laws down their throat?'
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