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Government to roll out Bharat 22 exchange traded fund: Jaitley

New Delhi, Aug 4  In a move to boost its disinvestment programme, the Centre on Friday announced the creation of the Bharat 22 exchange traded fund (ETF) comprising 22 companies, or investments, from among central public sector undertakings, public sector...

GST to rollout on July 1, return deadline relaxed by 2 months

New Delhi, June 19  The GST Council on Sunday unanimously agreed on a July 1 rollout of the Goods and Services Tax regime despite some pending issues, while relaxing the return filing deadline for the first two months, and approved the rules on anti-profiteering...

GST: CBEC set to be Central Board of Indirect Taxes and Customs

New Delhi, June 14  Reiterating that preparations are in full swing for rolling out GST on July 1, the Central Board of Excise and Customs (CBEC) said on Tuesday that, along with the states, the department has increased its outreach programmes on the...

GST to check tax evasion, ensure compliance: Jaitley

Bengaluru, May 30  The (GST), to be implemented from July 1, would check tax evasion and ensure greater compliance by more tax payers, said Union Finance Minister Arun Jaitley on Monday. “The GST will make tax collection efficient, check evasion...
Jaitley to open India-Africa Cooperation sessions at AfDB meet

Jaitley to open India-Africa Cooperation sessions at AfDB meet

Gandhinagar, May 22  As part of the annual meeting of the African Development Bank (AfDB) that begins here from Monday, Finance Minister Arun Jaitley will open the India-Africa Cooperation sessions to discuss ways of boosting mutual cooperation, industry...

14th GST council meet starts in Srinagar

Srinagar, May 18  The crucial 14th Goods and Services Tax (GST) Council meeting to finalise tax slabs on services and commodities in the country started here on Thursday. Chaired by Union Finance Minister Arun Jaitley, this is the first time that such...
PNB sponsored Madhya Bihar Gramin Bank employees contribute salary towards Army Welfare Fund

PNB sponsored Madhya Bihar Gramin Bank employees contribute salary towards Army Welfare Fund

Usha Ananthasubramanian, Managing Director & CEO of Punjab National Bank handed over cheque of Rs.29.85 lacs to Arun Jaitley, Minister of Defence, for Army Welfare Fund Battle Casualities. The employees of Madhya Bihar Gramin Bank, sponsored by Punjab...
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...