Former Economic Affairs Secretary says Nirmala Sitharaman insisted on my transfer from Ministry of Finance
NEW DELHI:Former Economic Affairs Secretary Subhash Chandra Garg has claimed that Nirmala Sitharaman asked for and insisted on his transfer from the Ministry of Finance in June 2019 itself, within a month of taking over as the Union Finance Minister. Giving reasons for taking voluntary retirement from government service last year, Garg wrote in a […]
Padma Awards 2020: Arun Jaitley, Sushma Swaraj and George Fernandes get second-highest civilian honour
NEW DELHI: The government of India on Saturday announced the names of this year’s recipients of the Padma awards. Former Union ministers Arun Jaitley, Sushma Swaraj and George Fernandes – all of whom died in 2019 – were posthumously awarded the Padma Vibhushan, the nation’s second highest civilian honour. The list had 141 awards – […]
Former Finance Minister Arun Jaitley likely to move to new official residence soon
NEW DELHI: Former finance minister Arun Jaitley, who opted out of Modi-2.0 government due to ill-health, is likely to move to a new official residence soon after vacating the palatial bungalow he got as a minister, sources said. Jaitley had on May 29, a day before swearing in of the new Council of Ministers of […]
Do not want to be a minister due to health reasons, Arun Jaitley writes to PM Narendara Modi
NEW DELHI: Ending all speculations, Finance Minister Arun Jaitley Wednesday wrote to Prime Minister Narendra Modi saying he does not want to be a minister in the new BJP government due to health reasons. In the four-paragraph letter, Jaitley said he had orally informed Modi about his desire not to be a part of the […]
RBI Governor Shaktikanta Das meets Arun Jaitley
NEW DELHI: Reserve Bank of India (RBI) Governor Shaktikanta Das called on outgoing Finance Minister Arun Jaitley here on Sunday. The governor in a tweet said that it was a courtesy meeting. “Had a courtesy meeting with Hon’ble Union Minister @arunjaitley this evening,” Das tweeted while posting a picture of the meeting. His tweet came […]
Swaraj, Jaitley and Gadkari lay foundation stones for Dwarka Expressway, Delhi-Mumbai Expressway
NEW DELHI: Union Minister for External Affairs Sushma Swaraj, Finance and Corporate Affairs Minister SArun Jaitley and Minister for Road Transport & Highways, Shipping, Water Resources, River Development and Ganga Rejuvenation Nitin Gadkari laid the foundation stones for development of 8-lane access controlled Dwarka Expressway and Delhi-Mumbai Expressway in Delhi today. The ministers also inaugurated […]
You have to blend good governance with clever politics: Arun Jaitley at Global Business Summit 2019
NEW DELHI: Debates and discussions on the unprecedented role and impact of technology in transforming businesses ruled day one of the 5th edition of The Global Business Summit being held on 22nd and 23rd February 2019 in New Delhi. Presented by The Economic Times and YES BANK and powered by Facebook, saw the presence of […]
‘Adventurism over professionalism’: Arun Jaitley flays CBI for Chanda Kochhar probe
NEW DELHI: A day after the CBI named banking doyen K V Kamath and virtual who’s who of the sector for questioning in the alleged fraud case against former ICICI Bank CEO Chanda Kochhar, union minister Arun Jaitley Friday advised investigating agency to avoid “adventurism” and concentrate only on the bull’s eye. Jaitley, who is […]
GST rates on 22 items cut; cement, auto parts still in highest slab in India
NEW DELHI:Federal indirect tax body, the Goods and Services Tax (GST) Council, on Saturday reduced tax rates on 22 items, of which seven were from the highest slab of 28%. Taxes on items with big revenue implications for the exchequer, such as cement and automobile components, still remain within the 28% bracket. India’s Finance Minister […]
India to infuse Rs 83,000 crore in PSBs in next few months
NEW DELHI: Finance Minister Arun Jaitley on Thursday said the government will infuse Rs 83,000 crore in public sector banks (PSBs) in the next few months of the current fiscal. Earlier in the day, the government sought Parliament’s approval for infusion of an additional Rs 41,000 crore in the state-owned banks through the second batch […]
Arun Jaitley says government respects autonomy, independence of RBI
NEW DELHI: Finance minister Arun Jaitley on Friday said the government respects the autonomy and independence of the Reserve Bank of India (RBI) and raising credit and liquidity issues do not infringe on the central bank’s autonomy. “If the sovereign government is pointing out that there are credit and liquidity issues in the country, how […]
Finance ministry seeks input from ministries for Arun Jaitley’s next Budget speech
NEW DELHI: The Finance Ministry has sought inputs from different central ministries for Arun Jaitley’s budget speech, which would be the last budget of the current BJP-led NDA government before the 2019 general polls. “Kindly provide the requisite information or inputs relating to your department in quadruplicate by November 30, 2018,” the ministry said in […]
Rahul Gandhi demands Arun Jaitley’s resignation over Mehul Choksi issue
NEW DELHI: Congress President Rahul Gandhi on Monday demanded Finance Minister Arun Jaitley’s resignation alleging that his daughter was “on the payroll” of Mehul Choksi, the prime accused in the multi-crore PNB fraud case. Taking to Twitter, he alleged that Jaitley “sat on the file and allowed him (Choksi) to flee”. The Congress chief claimed […]
Petrol price cut: Arun Jaitley questions commitment of Rahul Gandhi, his allies
NEW DELHI: With non-BJP ruled states refusing to cut taxes on fuel, India’s Finance Minister Arun Jaitley on Saturday questioned Congress President Rahul Gandhi and his “reluctant allies” if they are only committed to tweets and television bytes when it comes to giving relief to the common man. In a Facebook post titled ‘The oil […]
Arun Jaitley defends loan write-offs; says they don’t lead to waiver, recovery still pursued
NEW DELHI: India’s Finance Minister Arun Jaitley on Monday defended loan write-offs by public sector banks, saying they do not lead to loan waivers and the exercise helps lenders clean up their balance sheets and achieve taxation efficiency. He said public sector banks have recovered Rs 36,551 crore of bad loans or NPAs during April-June […]
China should do more investment in India than focussing on exports: Amitabh Kant
NEW DELHI: NITI Aayog CEO Amitabh Kant on Friday urged the Chinese firms to raise their funding in Indian start-ups and said instead of focusing on exports to India they should look for raising their investments. The Chinese companies should catch up in terms of investing more in India, he said. “China remains the 17th […]