Jaitely said the BJP has emerged as an alternative to the two parties, which have been ruling the state alternately.
Jaitley has said the purpose of taxing interest earned on 60 per cent of withdrawals of contribution made after April 1, 2016 was to encourage people to invest in annuity or pension schemes.
The move is likely to free up as much as Rs 3,50,000 crore in capital of public sector banks, helping them boost buffers while complying with a deadline set to clean up their balance sheets.
The total tax and penalty for domestic black money holders is less than 60 per cent that the government had levied on foreign unaccounted asset holders last year.
Finance Minister Arun Jaitley deserves credit for resisting fiscal adventurism and pushing for rural growth. But the real reforms needed to get the animal spirits going again are missing.
Jaitley, Goyal heap praise on Mamata govt, local leaders say ‘reign of terror’.
“Sometimes I ask myself, are 15 families controlling the balance of power?” the minister said.
Hockey India president Narinder Batra said that Arun Jaitley’s daughter was only one of the many lawyers who represented Hockey India.
Finance Minister Arun Jaitley in his Budget had proposed to raise service tax from 12.36 per cent (including education cess) to 14 per cent. The proposal takes effect from June 1.
The project was first conceptualised by Narendra Modi when he was the chief minister of Gujarat.
Union budget’s principal positive measure was the significant outlay for infrastructure.
Defence ministry shows a troubling inability to spend budgetary allocations.
This budget makes a radical new promise — policy will pray at the altar of jobs.
Finance minister’s focus on growth and equity is incomplete. He should have acknowledged the trade-off between the need for energy and the imperative of environmental protection.
Modi, who himself is a Yoga practitioner, welcomed the announcement by thumping the desk in the Lok Sabha.