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Finance Minister News
Arun Jaitley snubs Swamy; says have full confidence in Arvind Subramanian
Wed, Jun 22, 2016
In one of his strongest replies condemning Swamy's attack he said, “To what extent should we attack those, the discipline and constraint of whose offices prevent them from responding, its happened more than once.”
Will not cut govt stake in power PSUs below 51%: Piyush Goyal
Mon, Jun 20, 2016
Supporting Finance Ministry's disinvestment plan for public sector undertakings, Union Minister Piyush Goyal has said his ministry will not reduce the government's stake in power sector PSUs below 51 %.
FM flexible on 1% additional tax, releases draft GST Bill
Tue, Jun 14, 2016
After the meeting, Jaitley said that except Tamil Nadu, every state has supported the idea of GST. Tamil Nadu has offered some suggestions which have been taken note of, he said.
Higher provisioning for bad loans cause PSBs to lose; promise to recapitalize: FM
Mon, Jun 06, 2016
Committing to provide more funds for recapitalisation of state-owned banks, Finance Minister Arun Jaitley today said that cumulative losses of Rs 18,000 crore suffered by them last fiscal were mainly on account of higher provisioning for bad loans.
Window opportunity to domestic black money hoarders opens tomorrow
Tue, May 31, 2016
The 4-month disclosure window giving an opportunity to domestic black money holders to come clean by paying tax and penalty of 45 % on such assets will open tomorrow. People who have made money through corrupt means will not be allowed to take advantage of the disclosure window.
Jaitley arrives in Japan; to meet Abe, industry leaders
Sun, May 29, 2016
Finance Minister Arun Jaitley arrived here today on a six-day visit during which he will meet Japanese Prime Minister Shinzo Abe as well as several key investors to sell the India growth story.