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Parliament passes GST bills; government looking at July 1 roll out

Parliament passes GST bills; government looking at July 1 roll out

New Delhi, April 6  Decks have been cleared for implementation of the biggest indirect tax reform since independence, with parliamentary approval to the GST as Rajya Sabha on Thursday passed the four enabling bills for its roll out, possibly from July...
India-UK launch 240 mn pound joint fund for green energy

India-UK launch 240 mn pound joint fund for green energy

New Delhi, April 5  India and Britain on Tuesday agreed to jointly set up a fund with corpus contributions of 120 million pounds each to finance Indian infrastructure projects, it was announced. “In a major step taken today (Tuesday) on the National...
Lok Sabha passes all four GST Bills

Lok Sabha passes all four GST Bills

New Delhi, March 30  India moved a step closer to becoming a unified market in line with the federalist vision of the architects of its Constitution with the passage in Parliament on Wednesday of the GST Bill, which extends pan-India except to Jammu...
India, Russia sign two agreements for Sukhois’ maintenance

India, Russia sign two agreements for Sukhois’ maintenance

The Chairman and Managing Director, Hindustan Aeronautics Limited, Shri T. Suvarna Raju and the CEO of United Engine Corporation of Russia, Mr. A.V. Artukhov signing an agreement, in the presence of the Union Minister for Finance, Corporate Affairs and...

Government completed remonetisation in few weeks: Jaitley

New Delhi, Feb 17  Applauding the security printing presses for their efficiency, Finance Minister Arun Jaitley on Friday said that while people were estimating that it will take a year or seven months for printing adequate number of notes, the situation...
The proposed merger of top oil PSUs is a welcome step : OIL CMD

The proposed merger of top oil PSUs is a welcome step : OIL CMD

Finance Minister Arun Jaitley, in his recent Budget speech proposed merging of oil sector PSUs to create one integrated company that can match the competitiveness of international and domestic private sector oil and gas companies. Commenting on the Finance...
Highlights of Union Budget 2017-18

Highlights of Union Budget 2017-18

New Delhi, Feb 1  Highlights of the Union budget for 2017-18 presented by Finance Minister Arun Jaitley in parliament on Wednesday: * Five special tourism zones, anchored on SPVs, to be set up; Incredible India II campaign to be launched across the...

India becoming one of most transparent, open economies: Jaitely

Visakhapatnam, Jan 27  India is becoming one of the most transparent and open economies in the world with sector after sector opening for foreign investment notwithstanding the wave of protectionism elsewhere, Finance Minister Arun Jaitely said on Friday.Addressing...

Double-digit increase in tax collection: Jaitley

New Delhi, Jan 9 The currency squeeze in November and December has failed to hit revenue mop up, with direct and indirect tax collection from April to December showing a double-digit increase, Finance Minister Arun Jaitley said on Monday.“Since...

No questions if old notes deposited in one go: Jaitley

New Delhi, Dec 20  Following RBI’s announcement of stricter rules for depositing demonetised currency, Finance Minister Arun Jaitley has clarified that no questions will be asked if any amount of old currency is deposited in one go, but repeated...

Cash deposit limit in Jan-Dhan accounts set at Rs 50,000: FM

New Delhi, Nov 15  With reports of Jan-Dhan accounts being used by other people to deposit their unaccounted cash, the Finance Ministry on Tuesday set an upper limit of Rs 50,000 for deposits into these accounts.“Some people are using Jan-Dhan...

Govt Denies Issuance of Rs 2000 Note will fuel Black Money

TN Ashok New Delhi, Nov 10 : Finance Minister Arun Jaitley today strongly defended the issuance of the high denomination Rs 2000 currency note in the economy  from today disputing reports that the high value note would only fuel generation of more black...
Five sets of GST draft rules approved by Council: Jaitley

Five sets of GST draft rules approved by Council: Jaitley

New Delhi, Oct 01  Five sets of draft rules relating to registration, payments, returns and refunds under the Goods and Services Tax (GST) regime were approved by the GST Council here on Friday, Finance Minister Arun Jaitley said.However, the big issue...

Cabinet approves new norms to push construction sector: Jaitley

New Delhi, Aug 31  In a bid to lift the construction sector, the government on Wednesday approved new norms that will help in quicker resolution of disputes to kick-start stalled projects ann make access to financing easier.Briefing reporters after a...
Additional Rs 2,070 cr cleared for Char Dham project

Additional Rs 2,070 cr cleared for Char Dham project

New Delhi, July 26  The Finance Ministry has given an in-principle approval to provide additional funds up to Rs 2,070 crore in the current financial year for the government’s Char Dham programme, parliament was told on Monday.“The Ministry...
SBI signs agreements with World Bank for USD 625 Million facility

SBI signs agreements with World Bank for USD 625 Million facility

Mumbai, July2, 2016:The State Bank of India (SBI) and The World Bank (WB) signed agreements for a facility of USD 625 Million for supporting Grid Connected Rooftop Solar Program. The agreements were signed by Mr.KarnamSekar, Deputy Managing Director,...

Stressed Assets: CAN CRISIS BE AVERTED?…

Stressed Assets CAN CRISIS BE AVERTED? By Dhurjati Mukherjee  The Government has decided to empower and protect State-owned banks to make commercially prudent settlements in cases of stressed assets. This was underscored by Finance Minister Jaitley recently...
Indian economy to double GDP to $5 tn in few years: Jaitley

Indian economy to double GDP to $5 tn in few years: Jaitley

Osaka, June 3  With India’s GDP poised to grow at a much faster pace, its economy will double in size to be worth $5 trillion in a few years, Finance Minister Arun Jaitley said on Thursday. “With India’s GDP poised to grow at a much...

India now more confident in dealing economically with other nations: Jaitley

New York, April 19  India’s confidence level in dealing with other countries economically has risen and it is now in a position to boldly consider multilateral trade arrangements as it has emerged as the fastest-growing major economy amid a “grim”...

Jaitley justifies one percent duty on gold jewellery

Kolkata, April 11  Justifying the imposition of one percent excise duty on gold jewellery, union Finance Minister Arun Jaitley on Sunday said a luxury item like gold should not be exempted from the manufacturing tax when the country is moving towards...
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