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Arun Jaitley
Bank crisis: Arun Jaitley defends loan write-offs by public sector banks, says it helps lenders
Mon, Oct 01, 2018
Finance Minister Arun Jaitley Monday defended loan write-offs by public sector banks, saying they do not lead to loan waivers and the exercise helps lenders clean up their balance sheets and achieve taxation efficiency.
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Maharashtra agri task force urges Arun Jaitley for bailout package for farmers
Sun, Sep 30, 2018
Union Finance Minister Arun Jaitley must intervene and grant a special bailout package for farmers to bring them under institutional credit cover, Kishore Tiwari, chairman of a task force set up to tackle Maharashtra's agrarian issues said Sunday.
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Finance Ministry's next plan: Contactless banking for MSMEs; Details here
Sun, Sep 30, 2018
In a bid to bolster credit growth, the Finance Ministry is planning to expand the scope of the recently launched portal that enables MSMEs to obtain a loan of up to Rs 1 crore within an hour, a senior official said.
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Trade war will help India emerge as bigger trading, manufacturing base: Arun Jaitley
Sat, Sep 29, 2018
Finance Minister Arun Jaitley Friday said the ongoing global trade war may have created "initial instability", but will gradually open up opportunities for India to emerge as a bigger trading and manufacturing base.
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Centre set to meet fiscal deficit target, but this spend faces axe
Wed, Sep 26, 2018
Finance minister Arun Jaitley may be confident of meeting the fiscal deficit target of 3.3% of GDP this fiscal to please global credit rating agencies, but it may lead to contraction of public capital expenditure, which is already low in GDP terms when compared to the previous year, fear experts.
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Fear forcing defaulters to pay, says Arun Jaitley; he explains why
Wed, Sep 26, 2018
Non-performing assets (NPAs) of the government-run banks are on a decline as the recoveries of the loans have picked up, finance minister Arun Jaitley said after chairing a review meeting of the public sector banks (PSBs) in the national capital on Tuesday.
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FM Arun Jaitley to meet PSU banks chiefs tomorrow; to review financial performance
Mon, Sep 24, 2018
Arun Jaitley will meet the heads of public sectors banks tomorrow as part of the annual financial performance review exercise. The meeting is expected to discuss a host of issues, including progress made with regard to reduction in non-performing assets, sources said.
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Market crash feared, now, FM Arun Jaitley surprises with liquidity announcement
Mon, Sep 24, 2018
After the Reserve Bank of India and market watchdog Sebi announcements to the effect that they are watching the financial markets and will step in if things get worse, it was the turn of FM Arun Jaitley to surprise all by making an announcement before the markets opened today.
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Vijay Mallya shocks, says met Arun Jaitley before leaving India
Wed, Sep 12, 2018
Belaguered business baron Vijay Mallya made startling claims that he had met Arun Jaitley for settlement of his case before leaving the country. Finance Minister has however, denied any meeting between him and Mallya.
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Arun Jaitley: Global factors behind rupee fall, no need for knee-jerk reaction
Thu, Sep 06, 2018
Finance Minister Arun Jaitley Wednesday attributed the fall in rupee to global factors and said there was no need for panic or knee-jerk reactions. He further said the Reserve Bank is doing whatever is necessary to deal with the situation.
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Demonetisation of Rs 500, 1,000 notes led to more tax collection, higher growth: Arun Jaitley
Thu, Aug 30, 2018
NEW DELHI: Finance Minister Arun Jaitley today said the demonetisation of Rs 500, 1,000 notes led to formalisation of economy, more tax collection and higher growth. His statement comes a day after RBI data revealed that almost all the scrapped notes were returned to banks.
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Finance Minister Arun Jaitley blames NPA woes to 'indiscriminate lending' under UPA
Tue, Aug 28, 2018
Jaitley who resumed office last week after a medical leave since April, blamed the NPA pile, which is about 12 per cent of the system, and the macroeconomic problems of fiscals 2013 and 2014 to the debt-driven growth and banks funding unsustainable projects during the previous regime.
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