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Tag Archives: Finance Minister

India defeat Britain to become world fastest economy

Photo of new currency note of Rs 500.

New Delhi: It is no mean achievement when Indian economy flexed its muscles in 2016 and briefly nosed ahead of Britain-its once colonial master. But the honour was fleeting as India quickly fell back to the sixth-largest position, with considerable ...

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No currency demonetisation in Pakistan: Finance Ministry

Photo of Muhammad Ishaq Dar current Finance Minister of Pakistan.

Islamabad: Slamming media reports of demonetisation of currnecy notes, the Pakistan’s Finance Ministry today denied that the government was ready to demonetise Rs 5,000 notes. A spokes person from Pakistan Finance Ministry was quoted saying, the government has not taken ...

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RBI takes sharp U-turn, withdraws one-time deposit norm

Photo related to KYC norms of RBI.

New Delhi: The Reserve Bank of India (RBI) today takes a sharp U-turn on its decision of barring people with KYC-complaints bank accounts for depositing demonetized currency notes of Rs 5000 till December 30th. The RBI said in a notification ...

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If old currency is deposited in one go then no questions will be asked: Jaitley

arun-jaitley

New Delhi: Finance Minister Arun Jaitley today made it clear that there will not be any questions asked from the people if they go and deposit the old currency notes in one go, however, there will be queries done if ...

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LS passes income tax amendment bill amid protest

Photo of Finance Minister Arun Jaitely.

New Delhi: The lower house of the Parliament, Lok Sabha today passed a bill to amend the income tax laws by a voice vote to facilitate levy of 60 per cent tax on undisclosed income or investment or cash credit ...

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Trade Unions advised FinMin to create more jobs through Budget

Photo of Union Finance Minister Arun Jaitely along with Budget bag in the year 2015-16.

Mumbai: The Trade Unions asked Union Finance Minister Arun Jaitley to present next Union Budget for fiscal 2017-18 in such a direction so that it could create more jobs and employment opportunities in the country. The Finance Minister said in ...

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Approximately Rupees 2 lakh crore deposited in banks so far: Arun Jaitley

arun-jaitley

New Delhi: Finance Minister Arun Jaitley today stated that approximately Rs 2 lakh crore has been deposited till 12.15 pm today in banks across the country subsequent to the demonetisation of Rs 500 and Rs 1,000 notes. “The largest banker ...

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Assets worth Rs 65,250 cr declared by people under Income Tax Disclosure Scheme

arun-jaitley

New Delhi: Finance Minister Arun Jaitley today stated that assets worth Rs 65,250 crore have been declared by 64,275 people under the latest Income Tax Disclosure Scheme. He further went on to say that there is scope for some marginal ...

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Jaitley announces two years’ bonus for central govt employees

Photo of India's Finance Minister Arun Jaitley.

New Delhi: Some 33 lakh employees of the central government had reason to cheer on Tuesday with the government announcing their annual bonus that has been pending for two years. “The bonus entitlement for 2014-15 and 2015-16 will be released ...

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On compromise if Pakistan continues to attack integrity of India

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Jammu: The central government’s Finance Minister Arun Jaitley today said that India is not going to make compromise with those people indulging in Kashmir unrest and violence. Senior union minister Arun Jaitley acknowledging that situation in Kashmir was “serious” and ...

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