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Rajiv Mehrishi appointed finance secretary

New Delhi, Nov 12 The government appointed economic affairs secretary Rajiv Mehrishi as finance secretary. The Appointments Committee of Cabinet (ACC) has approved that Mehrishi, a 1978 batch IAS officer of the Rajasthan cadre, may be designated as finance...
Jayant Sinha takes charge as MoS Finance

Jayant Sinha takes charge as MoS Finance

New Delhi, Nov 11  Harvard Business School alumnus and son of former union minister Yashwant Sinha, Jayant Sinha Monday took charge as minister of state in the finance ministry. Prior to joining the union council of ministers Sunday, Jayant was a member...
Jayant Sinha taking charge as the Minister Union Minister for Finance, in New Delhi on November 10, 201

Jayant Sinha taking charge as the Minister Union Minister for Finance, in New Delhi on November 10, 201

Jayant Sinha taking charge as the Minister Union Minister for Finance, in New Delhi on November 10, 201
Arvind Subramanian new chief economic advisor

Arvind Subramanian new chief economic advisor

New Delhi, Oct 17  The Narendra Modi government appointed US-based economist Arvind Subramanian as the chief economic advisor in the finance ministry, filling a key position that has been lying vacant for over a year. Soon after assuming charge, Subramanian...
The President, Asian Development Bank, Takehiko Nakao calling on the Minister for Finance, Corporate Affairs and Defence, Arun Jaitley

The President, Asian Development Bank, Takehiko Nakao calling on the Minister for Finance, Corporate Affairs and Defence, Arun Jaitley

The President, Asian Development Bank (ADB), Takehiko Nakao calling on the Union Minister for Finance, Corporate Affairs and Defence, Arun Jaitley, in New Delhi on August 26, 2014.
British deputy PM meets Jaitley

British deputy PM meets Jaitley

New Delhi, Aug 26  Visiting British Deputy Prime Minister Nick Clegg met Finance Minister Arun Jaitley and discussed various matters including the retrospective tax amendment issue. Jaitley intimated Clegg on the government’s stand on the retrospective...

We will meet fiscal deficit target: Arvind Mayaram

New Delhi, Aug 5  Finance Secretary Arvind Mayaram said the government will be able to accomplish the “tough task” of meeting the fiscal deficit target. He based his optimism on the clear signs of economic recovery, which he said will be...
India’s Finance Bill passed by Lok Sabha

India’s Finance Bill passed by Lok Sabha

New Delhi, July 25  The Lok Sabha Friday passed the Finance Bill, 2014 by a voice vote with which the legislative proposals notably on direct and indirect taxes proposed in the national budget for this fiscal can now become effective formally. The bill...
PSUs should be competitive, says Jaitley

PSUs should be competitive, says Jaitley

New Delhi, July 22  Finance Minister Arun Jaitley Tuesday said public sector undertakings should learn to function like private business houses in a competitive environment. “The Public Sector Undertakings (PSUs) must learn how to function like...
Govt Must Simplify Rules: MORE TAX TERROR AHEAD?…

Govt Must Simplify Rules: MORE TAX TERROR AHEAD?…

Govt Must Simplify Rules MORE TAX TERROR AHEAD? By Shivaji Sarkar It is reassuring to know that Finance Minister Arun Jaitley intends ending tax terrorism and does not believe in retrospective tax. Appending a lollipop: If the economy improves he could...
No new taxes in Jaitley’s Rs.36,776 crore Delhi budget

No new taxes in Jaitley’s Rs.36,776 crore Delhi budget

New Delhi, July 18  Finance Minister Arun Jaitley Friday presented Delhi’s Rs.36,776 crore budget for fiscal 2014-15 in parliament, proposing a new specialty hospital and 100 ambulances for accident victims, while keeping tax rates unchanged. The...
Jaitley makes additional funding for three sectors

Jaitley makes additional funding for three sectors

New Delhi, July 18  Union Finance Minister Arun Jaitley Friday announced fresh budgetary support to three sectors in the Finance Bill 2014-15. The additional funding is for schemes in the food processing, wind energy and health sectors. Replying to the...
Jaitley promises more income tax relief if economy improves

Jaitley promises more income tax relief if economy improves

New Delhi, July 14  Finance Minister Arun Jaitley promised more concessions in income tax if the economy improves next year. “We do not want a high taxation regime. It was because of the high taxation regime of the previous government that inflation...
Raman Singh thanks centre for ‘IIT gift’

Raman Singh thanks centre for ‘IIT gift’

Raipur, July 11  Chhattisgarh Chief Minister Raman Singh Thursday thanked both Prime Minister Narendra Modi and Finance Minister Arun Jaitley for doling out the “much-needed” Indian Institute of Technology (IIT) to his state in the union...
Delhi Police to get Rs.5,029 crore

Delhi Police to get Rs.5,029 crore

New Delhi, July 10  The central government Thursday allocated Rs.5,029.19 crore to Delhi Police for improving training facilities, installation of traffic signals and construction of houses for the force in the current fiscal. This was an increase of...

Home ministry outlay hiked by 15 percent

New Delhi, July 11  The home ministry was Thursday allocated Rs.65,745 crore in the 2014-15 budget, marking a 15 percent increase over revised budget estimates of the last fiscal. Finance Minister Arun Jaitley, in his budget speech, said the scheme for...
Expenses for union ministers up 15.4 percent

Expenses for union ministers up 15.4 percent

New Delhi, July 10 The sum for expenses of union ministers has been increased by 15.4 percent in the current fiscal. The union budget 2014-15, presented by Finance Minister Arun Jaitley in parliament Thursday proposed Rs.433 crore for salaries, tour and...
Ganga conservation in Jaitley’s list of priorities

Ganga conservation in Jaitley’s list of priorities

New Delhi, July 10  Cleaning Ganga, linking of rivers and beautification of river banks were on top of the agenda of Finance Minister Arun Jaitley who set aside Rs.2,037 crore for an integrated Ganga development project in the union budget 2014-2015. The...
Government to revise royalty rates on minerals

Government to revise royalty rates on minerals

New Delhi, July 10  The government will revise the rates of royalty on minerals following a request by mineral bearing states. Finance Minister Arun Jaitley announced this while presenting the national budget for fiscal 2014-15. Mineral-rich states like...
Rs.100 crore scheme for community radio

Rs.100 crore scheme for community radio

New Delhi, July 10 Finance Minister Arun Jaitley Thursday announced a scheme to support community radio stations and allocated Rs.100 crore for the same. “So far around 400 permissions for setting up of community radio stations have been issued. To...