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Arun Jaitely

PM Modi meets ex-finance minister, Arun Jaitley's family

PM Modi meets ex-finance minister, Arun Jaitley's family

Tue, Aug 27, 2019

PM Modi meets Arun Jaitley’s family after returning from the G7 summit.

Exclusive: In conversation with FICCI president, Sandip Somany

Exclusive: In conversation with FICCI president, Sandip Somany

Tue, Mar 05, 2019

In conversation with FICCI president, Sandip Somany on meeting with Finance minister Arun Jaitely.

Govt keen on amalgamation of PSBs to create globally competitive, healthy large banks, says Arun Jaitley

Govt keen on amalgamation of PSBs to create globally competitive, healthy large banks, says Arun Jaitley

Thu, Feb 28, 2019

The minister said the non-performing assets (NPAs) or bad loans had initially gone up because of truthful disclosure requirements which ensured that there was no sweeping of bad loans under the carpet

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Sensex, Nifty at three-months high; stocks that gained after Budget 2017

Sensex, Nifty at three-months high; stocks that gained after Budget 2017

Wed, Feb 01, 2017

Sensex closed at 28,141.64, surging over 485 points or 1.76% and that of Nifty 50 ended at 8,716.40 above 155 points or 1.81%. Four sectors namely auto, bankex, metal and Fast moving consumer goods (FMCG) were the top winner on BSE after Budget.

Govt to give cashback for using BHIM app; Jaitley says

Govt to give cashback for using BHIM app; Jaitley says

Wed, Feb 01, 2017

Jaitely said, "The government will launch two new schemes to promote usage of BHIM app and these are Referral Bonus Scheme for individuals and a Cashback Scheme for merchants."

Budget allots Rs 1.84 lakh crore to women, child welfare in FY18

Budget allots Rs 1.84 lakh crore to women, child welfare in FY18

Wed, Feb 01, 2017

For the welfare of women and children under various schemes across all Ministries, Finance Minister, Arun Jaitley, in his budget speech on Wednesday said that the allocation has been increased to Rs 1,84,632 crores in 2017-18.

Banking stocks happy with recapitalisation of Rs 10,000 crore in Budget 2017

Banking stocks happy with recapitalisation of Rs 10,000 crore in Budget 2017

Wed, Feb 01, 2017

In line with the Indradhanush roadmap, the cabinet has decided to provide Rs 10,000 crore for recapitalisation of banks. Additional allocations will be made if needed further.

Total capex of Railway Budget pegged at Rs 1.31 lakh crore: Budget 2017

Total capex of Railway Budget pegged at Rs 1.31 lakh crore: Budget 2017

Wed, Feb 01, 2017

Talking on Railway Budget, FM Arun Jaitely said, “I feel privileged to present the first combined budget which includes the railways also. We are now in a position tosynergies the investment in railways road, waterways and civil aviation.”

Budget 2017: Introduction of a new Credit Linked Subsidy Scheme for Middle Income Group

Budget 2017: Introduction of a new Credit Linked Subsidy Scheme for Middle Income Group

Wed, Feb 01, 2017

Extension of tenure of loans under the Credit Linked Subsidy Scheme (CLSS) vertical of Pradhan MantriAwasYojana (Urban) Mission from 15 to 20 years (to be renamed as CLSS for EWS/LIG. It will be named as CLSS for economically weaker sections of society / Lower Income Group.

Railway Budget: New trains to privatisation, what will Suresh Prabhu do?

Railway Budget: New trains to privatisation, what will Suresh Prabhu do?

Wed, Feb 01, 2017

"This budget will bring in major safety changes for Railways, like putting in CCTV camerá's in train. Also Railway line called Vistar which connects Kashmir and North east can be announced," a railway official said.

Centre may not earn much changing capital gain tax regime

Centre may not earn much changing capital gain tax regime

Wed, Feb 01, 2017

Reliance Capital`s Chief Investment Strategist Madhusudan Kela, said the argument that long term capital gains tax should be applicable on equities at par with other investments like real estate, gold is not logical.

Public banks' shares tumble on Economic Survey's privatisation, PARA move

Public banks' shares tumble on Economic Survey's privatisation, PARA move

Tue, Jan 31, 2017

To tackle the bad loans problem, the economic Survey 2016-17, has suggested creation of a centralised Public Sector Asset Rehabilitation Agency (PARA) that could take charge of the largest, most difficult cases, and make politically tough decisions to reduce debt.

Further privatisation needed in civil aviation, banking and fertiliser sector: Economic Survey

Further privatisation needed in civil aviation, banking and fertiliser sector: Economic Survey

Tue, Jan 31, 2017

To tackle the bad loans problem, the economic Survey 2016-17, has suggested creation of a centralised Public Sector Asset Rehabilitation Agency (PARA) that could take charge of the largest, most difficult cases, and make politically tough decisions to reduce debt.

Economic Survey 2016-17: Suggests setting up of a centralised Public Sector Asset Rehabilition Agency

Economic Survey 2016-17: Suggests setting up of a centralised Public Sector Asset Rehabilition Agency

Tue, Jan 31, 2017

The consequent squeeze of banks has led them to slow credit growth to crucial sectors-especially to industry and medium and small scale enterprises (MSMEs)-to levels unseen over the past two decades. As this has occurred, growth in private and overall investment has turned negative . A decisive resolution is urgently needed before the TBS problem becomes a serious drag on growth.

Cannot disclose preparedness to handle demonetisation crisis: RBI

Cannot disclose preparedness to handle demonetisation crisis: RBI

Thu, Jan 26, 2017

The RBI has not been fothcoming with information about currency situation in the country and its preparedness in the wake of demonetisation citing one exemption or the other.

Budget going to be 'market-neutral': Morgan Stanley

Budget going to be 'market-neutral': Morgan Stanley

Thu, Jan 26, 2017

"We do not expect major changes in the conduct of fiscal policy and hence, view the budget as a market-neutral event," Morgan Stanley said in a research note.

FRBM panel for liberal view on fiscal deficit

FRBM panel for liberal view on fiscal deficit

Tue, Jan 24, 2017

The N K Singh panel has suggested a liberal approach on fiscal consolidation to ensure that the government's power to spend on development is not restricted even as its member Arvind Subramanian, CEA, has expressed some reservations on certain aspects of the report.

Budget on Feb 1, no announcements for poll bound states

Budget on Feb 1, no announcements for poll bound states

Wed, Jan 18, 2017

"Budget presentation on February 1 is a done deal, we will not make any specific announcement for poll-bound states," a top source said.

Payments Bank launched; Airtel invests Rs 3000 crore

Payments Bank launched; Airtel invests Rs 3000 crore

Thu, Jan 12, 2017

Sunil Bharti Mittal, Chairman, Bharti Enterprises said, “Just like mobile telephony leapfrogged traditional telecom networks to take affordable telecom services deep into the country, Airtel Payments Bank aims to take digital banking services to the un-banked over their mobile phones in a quick and efficient manner.”

Fertiliser Minister seeks Rs 20,000 crore of special banking facility for industry

Fertiliser Minister seeks Rs 20,000 crore of special banking facility for industry

Wed, Jan 11, 2017

Fertiliser Minister Ananth Kumar today said he has written to the Finance Minister for Rs 20,000 crore special banking arrangement to provide loan at reasonable rate to cash-starved fertiliser companies.

Positive global cues, bargain hunting lift equities markets

Positive global cues, bargain hunting lift equities markets

Sat, Jan 07, 2017

"Sentiments remained up-beat with Finance Minister Arun Jaitley`s statement that the impact of demonetisation is clearly visible with tax collection figures seeing double-digit growth," Desai explained.

EC seeks Centre's response on Oppn protest over Budget timing

EC seeks Centre's response on Oppn protest over Budget timing

Sat, Jan 07, 2017

The Cabinet Committee on Parliamentary Affairs had recently recommended that the Budget session will commence on January 31 and the Union Budget will be presented on February 1 so that the new provisions come into force from April 1, the beginning of the new fiscal.

30% tax advantage for digital transactions: Jailtey

30% tax advantage for digital transactions: Jailtey

Tue, Dec 20, 2016

The government on Monday said small traders and businesses with a turnover of up to Rs 2 crore would pay less tax if they accept payments through banking and digital means.

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