Arun Jaitley said, “A solution has been put on the table. It is for Andhra Pradesh to decide whether they want the resources or they want to make an issue (out of it).”
What is the parliamentary procedure that was applied on Wednesday to pass all outstanding Demands for Grants in the Budget?
Finance Minister Arun Jaitley moved 21 amendments to the Finance Bill, which contains taxation proposals for 2018-19. The Appropriation Bill details plans on how government ministries and departments would spend their money this fiscal.
During July-December 2017, Rs 4,130 crore has been released as compensation to Karnataka, followed by Rs 2,838 crore to Punjab, Rs 2,532 crore to Gujarat, Rs 2,119 to Bihar, Rs 1,911 crore to Rajasthan and Rs 1,520 crore to Uttar Pradesh, among various states.
Till now, the SP was sure of the victory of its sole candidate Jaya Bachchan. With 47 MLAs in the Assembly, it would have won its seat and also transferred 10 spare votes to the BSP. But with its MLA Nitin Agarwal joining the BJP on Monday, it is now left with 46 votes.
Arun Jaitley said serious discussions in the House get little attention as compared to widespread news coverage of pandemonium in the parliament.
Jaitley said the current system of GST return filing has been extended by three months. Besides, tax exemptions to exporters have also been extended by six months to September.
TDP leader and Andhra Pradesh CM N Chandrababu Naidu announced the party was pulling out its two ministers from the BJP-led government at the Centre. The TDP, he said, would decide later over its continuance in the NDA.
The Finance Minister said the provisions for revenue deficit in Andhra Pradesh as per the Finance Commission had already been implemented, while acknowledging that the state had suffered due to bifurcation in 2014.
On February 28, 2015, Finance Minister Arun Jaitley in his Budget speech announced that the rate of corporate tax will be reduced from 30% to 25% over the next four years, along with corresponding phasing out of exemptions and deductions, including weighted deductions.
Democracy in its true sense — liberal, multiple voices and thoughts, and checks and balances — is antithetical to the RSS/BJP way of governance. If other institutions of a democracy are weakened, it gives greater power, in the real and practical sense, to the Executive. Hence, the deliberate effort to keep other institutions weak and debilitated
The proposed law aims to bring to book offenders who have failed to pay back huge bank loans, and refused to return to the country to face legal action.
The Bill will empower the government to confiscate any property owned by such persons in India.
“As the income increases, your ability to take out a part of your income and invest for safer future is also going to be important,” Jaitley said.
The remuneration of an MP includes a basic salary of Rs 50,000 per month and Rs 45,000 as constituency allowance, apart from other perks. The Centre spends around Rs 2.7 lakh a month on an MP.