On June 23, Jaitley will co-chair the 17th meeting of the India-Russia Inter Governmental Commission on Military-Technical Cooperation with his Russian counterpart General Sergei Shoigu.
The GST will be launched in presence of President Pranab Mukherjee during the function, which is being organised by the Parliamentary Affairs Ministry.
India can ill afford to miss its date with the Goods and Services Tax this time
“I strongly believe that if any state keeps out, both its traders and consumers will suffer loss”, said Finance Minister Arun Jaitley.
Jaitley’s Russia visit: On June 21, Jaitley will co-chair the first meeting of the India-Russia High Level Committee on Science and Technology along with Deputy Prime Minister of Russia Dmitry Rogozin.
On June 12, Jaitley had said the Centre will not fund any of the loan waivers by states and they will have to find their own funds for doing so
“There will be a brief function of about one hour where the Prime Minister and President will speak on the subject and there are two short films on the subject of GST which have been prepared for this event,” Arun Jaitley said.
Rollout set for July 1; deadline for filing returns for first two months relaxed
Initial estimates say additional burden on exchequer on account of waiver of farm loans up to Rs 1 lakh will range from Rs 25,000 crore to Rs 30,000 crore.
The BJP said the committee, comprising Home Minister Rajnath Singh, Finance Minister Arun Jaitley and Information and Broadcasting Minister M Venkaiah Naidu, will “try to evolve a consensus”.
“I have already made the position clear that states which want to go in for these kind of schemes (farm loan waivers) will have to generate them from their own resources. Beyond that Centre has nothing more to say,” Jaitley said
RBI is at a fairly advanced stage of preparing a list of borrowers, according to the finance minister.
Union Finance Minister Arun Jaitley hinted that a solution for bank consolidation is coming very soon.
RBI, Arun Jaitley said, is in an advanced state of preparing a list of bad loans where resolution is required under the insolvency and bankruptcy rule. Also, the government is actively working on consolidation of state-owned banks.
Farm loan waiver: Arun Jaitley’s comment comes after Maharashtra CM Devendra Fadnavis announced a total loan waiver for farmers in the state.