Arun Jaitley
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RBI data counters RBI claim: Credit to small firms shrinks
On October 30, at the meeting of the Financial Stability and Development Council chaired by Jaitley and attended by Urjit Patel among others, the central bank is learnt to have downplayed the issue of liquidity crunch.
Strong banks needed to boost credit, liquidity, says Arun Jaitley
Jaitley said there is a need to bring down non-performing assets (NPAs) in the banking system in order to strengthen the banking system and support growth.
With due respect, Finance Minister
There has been only a marginal increase in the direct tax to GDP ratio after demonetisation. And the economy didn’t need to suffer for digitisation.
Arun Jaitley responds to Raghuram Rajan’s criticism of GST
Countering the criticism over the implementation of the tax reform, Arun Jaitley said, “GST slowed down growth for two quarters, but people overlook how growth rose after that.”
No proposal to RBI seeking transfer of Rs 3.6 lakh crore, says govt
Subhash Chandra Garg said there was “misinformed speculation” in the media, and that the government’s fiscal math was “completely on track”.
Currency confiscation was not objective of demonetisation: Arun Jaitley
Jaitley termed the criticism of almost the entire cash getting deposited in banks post-demonetisation as “ill-informed”, adding that 17.42 lakh suspected accounts have come under the scanner.
Two years after demonetisation: Okaying note ban, RBI rejected govt claim on black money, fake notes
In its counter, the RBI Board noted that “while any incidence of counterfeiting is a concern, Rs 400 crore as a percentage of the total quantum of currency in circulation in the country is not very significant”.
Two years after demonetisation: Jaitley says tax base widened, Rahul Gandhi calls it ‘criminal financial scam’
While Congress chief Rahul Gandhi castigated the Narendra Modi-led BJP government stating that the note ban exercise cost 1.5 million jobs and 1 per cent of India’s GDP, Finance Minister Arun Jaitley staunchly defended the move saying there was a spike in the number of taxpayers.
Chidambaram: Nov 19 day of reckoning, any attempt by govt to capture RBI will be catastrophic
Calling November 19, when the RBI board is scheduled to meet, as the day of reckoning, the former finance minister alleged that “handpicked nominees” of the government would make every attempt to push through its proposals.
Two years after demonetisation, Arun Jaitley says ‘the system required to be shaken’
Demonetisation anniversary: Union Finance Minister Arun Jaitley said demonetisation has ushered in a better quality of life for Indian citizens.
Two years after demonetisation: A look at what has happened so far
Two years after demonetisation came into effect on November 8, 2016, the BJP-led government continues to defend the move meant to “wipe out illegal money” while the Opposition terms the step as “ill-advised” and “Tughlaqi”.
Govt wants Rs 3.6 lakh crore from RBI, a third of its reserves, central bank says no
Last Wednesday, the finance ministry said that the autonomy for the RBI “is an essential” and both the government and the RBI have to be “guided by public interest and the requirements of the Indian economy”.
Excessive competition, at times, can put a particular sector under stress: ArunJaitley
Jaitley said that there are areas in which tender bids can be global while in some areas, domestic development is desirable, especially in case of the service sector in which the effective competition needs to be built within the country itself.
PM Modi doles out incentives for MSMEs: Here are the top announcements
PM Modi announced the 12 historic decisions including 59-minute loan portal for sanction of up to Rs 1 crore for small and medium enterprises, saying it will boost small and medium enterprises.
GST collection crosses Rs 1 lakh crore in October
The GST collections in October stood at Rs 1,00,710 crore, the second time in the current financial year after April when the monthly GST collections topped the targeted Rs 1-lakh crore mark.
Nov 16: Latest News
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2.0 making: Here’s how Akshay Kumar turned into India’s most expensive supervillain
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Toll of dead, missing rises in wildfire-ravaged California town
The Ballad of Buster Scruggs was never to be made into series, say Coen Brothers
Anna University announces revised exam dates postponed due to Cyclone Gaja
Campaigning ends for Uttarakhand civic body polls
England lead Sri Lanka by 278 runs on 3rd day
