Sources indicated the party was not in a hurry to act against Swamy, a Rajya Sabha member, and would adopt a wait- and-watch attitude for some time.
Cong wants rate ceiling specified; Govt hopes to push Bill in monsoon session
Jaitley parried questions over RBI Governor Raghuram Rajan, whose continuation has been strongly opposed by BJP MP Subramanian Swamy, and said “We do not discuss these matters through media.”
“BJP has strengthen its base at places where it was weak. Politics is changing. The popularity of the prime minister is intact,” said Jaitley.
Stating that he was “not satisfied” with the existing system of film certification, Jaitley said there are some changes that are about be made.
It is essential for democracy that powers be independent. Judiciary can only direct the executive and cannot perform the executive function said, Finance Minister Arun Jaitley
The governing council reviewed overseas long term investors, sovereign wealth funds, pension funds’ interest in investing in the NIIF. They also discussed the guidelines for investment of the corpus of NIIF, including the investment policy.
Raghuram Rajan refused to comment on his extension and instead mentioned that academia would be his ‘best destination’.
While banks made operational profits of over Rs 1.4 lakh crore in the last fiscal year, higher NPAs and consequential provisioning from profits against bad assets led to PSBs suffering cumulative net losses of Rs 18,000 crore, he said.
Former Punjab chief minister Captain Amarinder Singh dubbed the Enforcement Directorate summon issued against his son Raninder Singhas a ‘fraud notice’ and slammed Arun Jaitley for his defeat in 2014.
The merged entity will create a banking behemoth, which can compete with the largest in the world, with an asset base of Rs 37 trillion (Rs 37 lakh crore) or over USD 555 billion
Finance Minister Arun Jaitley, however, said no discussion took place on bank recapitalisation.
Arun Jaitley will review the overall performance of the public sector banks
The Finance Minister has promised that the government will provide greater capital support to the banks
The government, Jaitley said, is looking at the direct tax reform to bring down the tax rate as also the indirect tax reform through the Goods and Services Tax (GST) regime to create single sales tax for the country.