Union Minister Arun Jaitley today opposed in Delhi High Court the plea of AAP leader Deepak Bajpai challenging the lower court’s order summoning him in a criminal defamation case, saying it was a “sorry attempt” to delay the trial. Jaitley, in an affidavit, said the AAP leader’s plea was devoid of any merit as no […]
Two years ago, India was touted as a rare bright spot in a gloomy global economy with GDP growth outpacing a slowing China. But since early 2016, GDP growth has fallen for six consecutive quarters, dipping to three-year low of 5.7 per cent in the April-June quarter.
“Obviously in the month of November, December and January, a lot of people went in for digitisation in terms of mode of payment more out of compulsion rather than finding it a more convenient method to transact, but that compulsion created a habit for many,” he noted.
With informal and small-scale sectors accounting about 40 per cent of the USD 2.5 trillion economy, Manmohan Singh said that the decision of demonetisation, coupled with GST, had an adverse impact on the economy.
The teething troubles with the rollout of the Goods and Services Tax (GST), after-effects of demonetisation and the fiscal space available is likely to figure during the meeting.
Built on the government-supported Unified Payments Interface (UPI), Tez allows users, free of charge, to make small or big payments straight from their bank accounts, Google said.
The rising bad loans have underlined a growing need for huge capital infusion. The government had indicated earlier that it would provide Rs 70,000 crore as capital for these banks over four years.
Finance Minister Arun Jaitley Wednesday said the Aadhaar law will “pass the test of constitutionality” and that it is important to build “ironwalls” to protect people’s data.
Arun Jaitley said the UPA government had not realised the full potential of Aadhaar when it was introduced. While describing it as a great idea in terms of technology, he said it was not backed by legislation.
Given the fact that the GST Council has so far worked on the convention of consensus, the two Congress-ruled state representatives’ stance has left many wondering whether the Opposition party parachuted them to Delhi with partisan motives.
It would also be the last full Budget of the BJP-led NDA government before the 2019 General Elections. Only proposals for changes in direct taxes, besides customs duty are likely to be presented in the Budget along with new schemes and programmes of the government.
The Council decided to levy an additional cess of 2 per cent on mid-sized cars, 5 per cent on large cars, and 7 per cent on SUVs, along with lowering tax rates on 40 items, including idli/dosa batter etc.
Kejriwal was refuting the claim of Jaitley that he had received a copy of a forwarded letter by Jethmalani addressed to AAP chief stating that whatever he had asked him during the cross-examination was based on the instruction of the chief minister.
Arun Jaitley had filed a civil defamation case against the Delhi Chief Minister objecting to the use of a derogatory word by Kejriwal’s lawyer, Ram Jethmalani in court.
Jaitley’s comments came after four ministers were elevated to the cabinet rank in a major rejig of the government. His defense portfolio has been allocated to Nirmala Sitharaman.