Tag: Arun Jaitley
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IT exemption threshold may go up in interim budget
New Delhi : With middle-class apathy on the rise, Finance Minister Arun Jaitley may double the income tax exemption threshold for the salaried from the present Rs 2.5 lakhs to Rs 5 lakhs while also reinstating tax-free status for medical expenses and transport allowance, providing some relief to the section already under strain since demonetisation.…
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GST may have single standard rate between 12-18%: Jaitley
New Delhi : Finance Minister Arun Jaitley on Monday hinted that the country may eventually have a single standard rate of GST adding that the 28 per cent slab will soon be phased out, except on luxury and “sin goods”. He noted that the standard rate could be between the 12 and 18 per cent.…
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Six items taken out of the 28% GST tax bracket: Jaitley
New Delhi : Finance Minister Arun Jaitley on Saturday said that six items have been removed from the 28 per cent tax bracket under the Goods and Services Tax (GST) regime. There were 34 items in the 28 per cent tax bracket which included luxury and ‘sin goods’ till now. However, the GST Council in…
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Differences either get settled or Governors make way: Jaitley
Mumbai : Admitting to differences with Urjit Patel, who quit as RBI Governor, Finance Minister Arun Jaitley on Thursday said the government is the sovereign body for managing the economy and RBI Governors have exited if differences were not settled. “If you look at the history of the RBI, you had several incidents in the…
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Congress has scored self-goal by dragging Modi’s parents in poll debate: Jaitley
New Delhi : Finance Minister Arun Jaitley on Tuesday said that the Congress has scored a self-goal by dragging Prime Minister Narendra Modi’s parents into the election campaign. The BJP will be glad to fight the 2019 Lok Sabha elections if the Congress made it a contest between the “son of lesser known parents” and…
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Sanjay Nirupam demands that the Modi-led BJP Govt should stop pressurizing LIC and SBI to bail out the debt ridden IL&FS
The bankruptcy of the infrastructure lending giant IL&FS is a result of poor corporate governance by the BJP Govt: Sanjay Nirupam By Asmita Jadhav, Mumbai: Mumbai Congress President Sanjay Nirupam today claimed that PM Modi and Finance Minister Arun Jaitley have been pressurizing the state-owned LIC and SBI to bail out the debt ridden Infrastructure…
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Jaitley questions Hollande’s claims, says erroneous to suggest partnership in Rafale deal
New Delhi : The slugfest over the Rafale deal continued on Sunday with Union Finance Minister Arun Jaitley citing conflicting media reports on Francois Hollande’s claims regarding a private firm becoming an as offset partner in the jet deal at the instance of Modi government and asserting that there was “no partnership as suggested by…
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Nullifying non-deposited currency was not the only aim: Jaitley on demonetisation
New Delhi : A day after the RBI revealed that 99.3 per cent of the demonetised currency was returned to the banks, Finance Minister Arun Jaitley on Thursday said the invalidation of the non-deposited currency was not the only objective of the noteban. Jaitley said the larger purpose of the demonetisation was to remove the…
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India to become fifth largest economy next year: Jaitley
New Delhi : India is on track to surpass Britain next year to become the fifth largest economy in the world and to emerge among the “big three” global economies by 2040, Finance Minister Arun Jaitley said on Thursday. He said while India’s per capita income may still be modest, but the size of the…
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Challenges to Indian economy mainly external: Arun Jaitley
Mumbai : Finance Minister Arun Jaitley on Monday said the challenges to Indian economy were mainly from external factors such as rising oil prices and the US-China trade war, but India’s macroeconomic fundamentals were strong enough to overcome those challenges. Predicting higher growth rate than the projected 7.5 per cent for this year, he expressed…