The Congress shared a video clip from a recent podcast Mallya did with social media influencer Raj Shamani in which he claimed he had informed Jaitley before leaving India in 2016.
Jaitley has managed the difficult feat of sticking to the fiscal correction.
'On the tax front, most of the Budget proposals are sensible'.
The Budget provides a reassuring message about Prime Minister Narendra Modi staying the course.
'The quick fixes have failed; there is now no alternative to deeper reforms,' says Ajay Shah.
Is the Budget sufficiently prudent? It probably is but at the cost of substantial under-provisioning for the many grand sounding schemes announced in it, says Nitin Desai.
What the new defence minister does with the Rafale fighter jet deal will decide if India wants to build genuine, long-term defence capability through an indigenous product that slashes life-cycle costs, or opt for glitzy signing ceremony with foreign vendors that would please the public, says Ajai Shukla.
'I don't know how long the small-scale handmade sector can survive,' a shoemaker from Hisar tells Geetanjali Krishna.
The new Budget would do well to fill up the gaps and pave a strong way forward to ensure that the optimism surrounding it is not short-lived.
'...Take him in the sense that I will defeat him. This is just our military term... If there's anybody today who's anti this government, it is the youth of Punjab. All of them are being coerced, there are no jobs being created, all of them are taking to drugs because of frustration... There is no Narendra Modi factor, there is no national anti-incumbency. In Punjab there in only anti-Akali incumbency.' Former Punjab chief minister Captain Amarinder Singh, once the Maharaja of Patiala, pulls no punches when taking about his rivals, especially his BJP opponent from Amritsar Arun Jaitley and the Badals, in this no-holds-barred interview with Sheela Bhatt/Rediff.com
The Association for Democratic Reforms slams the Budget proposals on political funding, says they lack teeth and show the "lack of political will" in proposing real reforms.
Our income tax department should bring out monthly bulletin as well as annual reports providing insights into the nature of our direct tax segments, points out R Vaidyanathan.
The battle on creating jobs is virtually lost. If the battle for achieving higher growth too is lost, then its political consequences could become difficult to manage, says A K Bhattacharya.
Credibility of fiscal promises is a virtue that no finance minister can afford to lose.
'The Budget that Mr Jaitley will present on February 29 will be crucial.'
It is unfair to expect Mr Jaitley to perform miracles with the Centre's straitened finances.
Training guns on Jaitley, Ashutosh said the Union finance minister should come clean on the alleged irregularities in the Delhi and District Cricket Association.
Azad, who is now politically affiliated to the Congress party, was earlier with the BJP. He has had his share of differences with the late Arun Jaitley when he was the DDCA president.
Structural changes to government finances could be focus of the Union Budget, says Mihir S Sharma.
The obvious temptation for Mr Jaitley would be to achieve a better fiscal deficit figure than what he had promised in July.
Budget speeches have been replete with incomprehensible and even hilarious statements, says Rathin Roy.
Going by the number of changes Mr Jaitley's next Budget is likely to see, he will go down in the history of Budget-making as the finance minister who ushered in the largest number of changes in a single Budget, says A K Bhattacharya.
Finance Minister Arun Jaitley should not drop the ball on continuing the battle against black money and move towards digital transactions to reduce the preponderance of cash in the economy, says A K Bhattacharya.
The Congress had on Thursday targeted Modi for the presence of Punjab National Bank fraud accused jewellery designer Nirav Modi in an Indian business delegation at the World Economic Forum in Davos.
The new tax regime proposed by the Modi government may not have acceptance from all corners.
The funny thing is that the government has the money - but it is going into subsidies that Mr Jaitley has chosen to leave untouched.
The key numbers in Mr Jaitley's Budget will be looked at closely to assess the extent of revisions they represent over what Mr Chidambaram had presented in February.
The impasse regarding India's representative at the Annual Conference of the ICC took a new turn with senior vice-president Arun Jaitley as a likely choice for the high-profile meeting in London on June 25.
Union Budget 2015 cuold have included few smaller reforms.
Beleaguered BCCI President N Srinivasan on Wednesday found himself under intense pressure to quit after two BCCI heavyweights, IPL Chairman Rajiv Shukla and Board vice-President Arun Jaitley, asked him to "stay away" till investigations against his son-in-law were completed in the IPL spot-fixing scandal.
The fiscal deficit for 2015-16 may eventually come down to the targeted level of 3.9 per cent of GDP.
'Will Mr Jaitley listen, or is that expecting too much in pre-election season?' asks T N Ninan.
Mr Jaitley should devise methods to attract better talents at the higher level.
A few companies continue to pay taxes at 15-20%.
There are a couple of proposals, however, whose goals are not easily achievable.
Delhi & Districts Cricket Association (DDCA) president Arun Jaitley has decided against contesting the upcoming state association elections scheduled on December 30 paving way for his confidant Sneh Bansal to take on legendary Bishan Singh Bedi in a prestigious fight.
That "Rollback Budget" ushered in an era of rollback.
P Chidambaram accused the BJP of making a u-turn on bills like GST after having stalled them during the UPA regime.
Former BCCI president Shashank Manohar has said that the amendment of the BCCI constituition in 2012 regarding president's post was done to ensure that BJP heavyweight Arun Jaitley became board chief in 2014 instead of N Srinivasan going for a second term.
According to sources at AIIMS, the BJP leader was admitted following complaints of chest congestion and breathing issues.