Punjab National Bank's (PNB's) board has given its go ahead to a proposal for capital infusion of Rs 5,431 crore from the central government. In a regulatory filing, the state-run bank said...
Sep 28, 2018
The ongoing global trade war is set to open up opportunities for India as a bigger trading and manufacturing base, said Finance Minister Arun Jaitley. Speaking at the annual session of PHD...
Sep 28, 2018
Finance Minister Arun Jaitley has said bad loans of public sector banks (PSBs) are on a fall and that the Indian economy is passing through a phase of good growth. “Banks are very confident...
Sep 26, 2018
The Insolvency and Bankruptcy Code review panel has suggested changes in the law which would go a long way to ease insolvency rules for micro, small and medium enterprises (MSMEs) and also provide...
Mar 27, 2018
The 'worst' phase of the Indian economy is over and the country will see a surge in the private investment gong forward, HDFC chairman Deepak Parekh has said. "The worst is over. We had major...
Feb 20, 2018
The Budget has given Rs 120 billion benefits to salaried class and senior citizens, said Finance Minister Arun Jaitley in Lok Sabha on Thursday. He was responding to a debate on the Budget...
Feb 09, 2018
The government may soon bring cooking gas and real estate under the the goods and services tax (GST), Finance minister Arun Jaitley said on Monday. He said petrol, diesel and potable alcohol...
Feb 06, 2018
Union Minister for Finance and Corporate Affairs Arun Jaitley, on Saturday, launched CriSidEx, the first sentiment index for micro and small enterprises (MSEs). The index, developed jointly...
Feb 06, 2018
Prime Minister Narendra Modi has congratulated Finance Minister Arun Jaitley for presenting a Budget, which will help strengthen ‘New India’ vision. "From food processing to fiber optics,...
Feb 01, 2018
Budget Highlights: Economy will grow at 7.2-7.5% in second half of 2018-19 PSU banks are ready to support growth and achieved 7.5% average growth in 3 years of NDA govt We have decided...
Feb 01, 2018
The Indian economy slowed down in 2016-17, registering a GDP growth of 7.1 per cent as against GDP growth of 8 per cent in 2015-16, said the government. According to Finance Minister Arun...
Dec 29, 2017
The Ministry of Finance might issue the first lot of recapitalisation bonds to state-run banks (PSBs) in early January, official sources from the ministry told ANI. The recapitalisation bonds...
Dec 27, 2017
Finance Minister Arun Jaitley on Thursday assured depositors that their money in public sector banks will be protected. He said there is no need to create any fear psychosis, and he lashed...
Dec 22, 2017
In a pre-Budget meeting convened by Finance Minister Arun Jaitley on Wednesday, industry leaders have asked for lowering corporate tax rate as well as providing incentives to attract fresh...
Dec 07, 2017
Revenue intelligence officials should use their discretion fairly and reasonably in their investigations, Finance Minister Arun Jaitley said at the celebration of 60th anniversary of Directorate of...
Dec 05, 2017
The Union Budget 2018, scheduled to be presented on February 1, will focus on infrastructure and rural sectors, Finance Minister Arun Jaitley said on Thursday. While delivering speech at an...
Dec 01, 2017
The country’s economic growth rose to 6.3 per cent in the July-September quarter, as against dismal growth rate of 5.7 per cent in the first quarter. The growth in second quarter marked a...
Dec 01, 2017
The government’s effort to formalise the economy with a slew of initiatives, including demonetisation, seems to be bearing fruit. Finance Minister Arun Jaitley has said that digital transaction is...
Nov 29, 2017
The Government of India is considering at relaxing the fiscal consolidation roadmap, Finance Minister Arun Jaitley said at a Morgan Stanley investors' meet in Singapore on Thursday. “No pause...
Nov 17, 2017
The GST Council slashed tax rates of 200 items in its Friday meeting. However, it may further rationalise the indirect tax, depending on revenue buoyancy, said Finance Minister Arun Jaitley...
Nov 14, 2017
The government will put in more money in public sector banks to strengthen the banking system and catalyse economic growth, Finance Minister Arun Jaitley said on Sunday. He was speaking to...
Nov 13, 2017
India has been ranked at 100th place in the World Bank’s ‘ease of doing business’ index. The country was placed at 130th rank last year. The 30th place was the result of significant reforms...
Nov 01, 2017
The recent dip in India's economic growth is an "aberration", which will get corrected in the months to come, said World Bank President Jim Yong Kim. The biggest factor to slowdown was the...
Oct 06, 2017
The Government of India is unlikely to change April-March financial year to January-December. Instead, it is mulling if the presentation date of Budget could advanced further by a fortnight...
Aug 29, 2017
As a result of Budget advancement by a month, the government's expenditure went up 27 per cent in April-June of the current fiscal to over Rs 6.50 lakh crore, Finance Minister Arun Jaitley said...
Aug 09, 2017
The GST Council will meet on August 5 to finalise a mechanism to operationalise anti-profiteering clause which seeks to pass on the benefits of reduction in taxes to consumers, Finance Minister Arun...
Aug 02, 2017
THE YEAR SO FAR has been one of surprises. It began under the shadow of one that would go down in history as a nightmare. The note ban in the fag end of 2016 had cast a pall of gloom on the New Year...
Jul 24, 2017
Finance Minister Arun Jaitley said the GST Council has raised the cess on cigarettes to take away the "windfall" manufacturers were reaping due to the variation in prices post GST. The move...
Jul 18, 2017
Prices would decline after the Goods and Services Tax (GST) is in place from July 1, Finance Minister Arun Jaitley told the Economic Times in an exclusive interview. On being asked whether...
Jun 30, 2017
To examine risks related to virtual currencies like bitcoins, Finance Minister Arun Jaitley held an inter-ministerial meeting. Although many issues concerning bitcoins were discussed in the...
Jun 28, 2017
In the wake of many states announcing loan waiver for farmers, Finance Minister Arun Jaitley ruled out any waiver of farm loans, asserting the Centre will adhere to fiscal targets, including fiscal...
Jun 21, 2017
Finance Minister Arun Jaitley left for a four-day visit to Paris to participate in the Organisation for Economic Cooperation and Development (OECD) meeting and sign a pact that aims to check cross...
Jun 07, 2017
If you wish to know the actual deposits received by the Reserve Bank of India (RBI) in old notes post-demonetisation, you will have to wait longer! Finance Minister Arun Jaitley has clarified that it...
Jun 06, 2017
Goods and Services Tax (GST) is a simplified indirect tax regime and there is no reason to postpone its scheduled roll-out on July 1, Finance Minister Arun Jaitley said. All the procedural...
Jun 06, 2017
India was considered as the world’s fastest growing economy, but GDP growth in 2016-17 fell to a three-year low of 7.1 per cent. The reason is the lacklustre GDP growth of 6.1 per cent in...
Jun 02, 2017
The whole debate over the political cost of economic reforms has dissipated with the benefits reaching the deprived sections of society, said Finance Minister Arun Jaitley. Moreover, the...
May 03, 2017
A high-level committee submitted its report on allowances to 47 lakh central government employees to Finance Minister Arun Jaitley. The committee is headed by Finance Secretary Ashok Lavasa. ...
Apr 28, 2017
Close on the heels of a senior economic adviser proposing farmers to pay income tax, Finance minister Arun Jaitley has assured that the central government has no plans to tax agricultural income...
Apr 27, 2017
Keeping the current global scenario in mind, 7-8 per cent growth is the 'absolute normal' for India. Talking about his own impression of the Indian economy, finance minister Arun Jaitley said the...
Apr 25, 2017
Showing concern over the slow pace of IMF quota reforms, Finance Minister Arun Jaitley said any further delay would erode the legitimacy and credibility of the multi-lateral organisation. ...
Apr 24, 2017
Leasing of land, renting of buildings as well as EMIs paid for purchase of under-construction houses will attract the Goods and Services Tax (GST) from July 1. However, sale of land,...
Mar 29, 2017
Goods and services tax (GST) bills need to be passed in the ongoing budget session, Finance minister Arun Jaitley said in his reply to debate on the budget in Rajya Sabha on Thursday. It is worth...
Mar 24, 2017
The government has decided to make Aadhaar card mandatory for filing I-T returns and applying for a PAN card. The idea is to plug evasion and frauds as finance minister Arun Jaitley indicated that...
Mar 23, 2017
The Budget 2017-18 can restricts the tax benefit a home-owner claims against the interest outgo on a property put on rent, a move that may to hurt investor-led demand in the real estate sector...
Feb 03, 2017
The Economic Survey for 2016-17, tabled in Parliament by Finance Minister Arun Jaitley, mentioned about Universal Basic Income Scheme which is an alternative to plethora of state subsidies for...
Feb 01, 2017
Finance Minster Arun Jaitley will soon unveil what most analysts call ‘mega budget’. The expectations are high from the Union Budget 2017-18 as it comes hot on the heels of the backdrop of adverse...
Feb 01, 2017