Tag «Arun Jaitley»

Union Finance Minister Shri Arun Jaitley spoke on the Key Reform Measures in his Budget speech 2016-17

1. The Government is firm on its course towards fiscal consolidation without compromising on its development agenda. 3.5% fiscal deficit is targeted for FY 2017. 2. Total allocation for Agriculture, Farmers’ welfare and Irrigation set at Rs. 47,912 cr, which is nearly twice the allocation of the previous year. 3. New Health Protection scheme will …

Bandhan Bank commences operations in India with 501 branches

Finance Minister Arun Jaitley inaugurates the bank in Kolkata   Kolkata, August 23, 2015: Shri Arun Jaitley, Hon’ble Minister of Finance, Corporate Affairs and Information and Broadcasting, Government of India, today inaugurated India’s newest bank, Bandhan Bank Ltd, at the Science City Auditorium in Kolkata, at a function attended by regulators, policy makers and luminaries …

INCREASED SERVICE TAX TO DENT REAL ESTATE SECTOR

Finance Minister, Arun Jaitley had announced changes in the service tax structure in the Budget 2015 – 16. The new service tax would now be applicable commencing 1st June, 2015. Recently, the finance minister declared that the new Service Tax Rate would be increased to 14% from the existing 12.36% with effect from 1st June …

BRICS Retain Strong Potential Despite Recent Economic Slowdown

All five countries are working on significant structural reforms China and India will continue to spur global growth For more information about the Annual Meeting 2015: http://wef.ch/davos15 Davos-Klosters, Switzerland, 22 January 2015 – Ministers, industrialists and academics from the BRICS countries told participants at the 45th World Economic Forum Annual Meeting that all five countries’ economies have …

Arun Jaitley: Reforms Must Serve India’s Needs

New government is committed to reforms across a range of sectors including labour laws, land acquisition and foreign investment says Minister Jaitley On foreign investment, decisions will be made sector-wise, keeping in mind the requirements of Indian economy and the appetite of the political system for reform The World Economic Forum and Confederation of Indian …

13th ICSI National Award for Excellence in Corporate Governance

TWO Best Governed Companies RURAL ELECTRIFICATION CORPORATION LIMITED and TATA POWER COMPANY LIMITED were presented the 13th ICSI National Award for Excellence in Corporate Governance at Kolkata  on  24th August 2014  by  Mr. Arun Jaitley, Hon’ble Union Minister for Finance, Defence and Corporate Affairs. The ICSI Lifetime Achievement Award was Conferred on Mr. Shiv Nadar,  Chairman …

Points raised by Shri Sidharth Birla, President FICCI, in the meeting with the Hon’ble Finance Minister, Shri Arun Jaitley on June 6, 2014

Points raised by Shri Sidharth Birla, President FICCI, in the meeting with the Hon’ble Finance Minister, Shri Arun Jaitley on June 6, 2014   ·         Conducive Tax Environment There is too much pressure on the tax officers to maximise revenue collections leading to arbitrary adjustments/additions, denial/delay in refunds/drawback, disputes and pointless litigation. Revenue generation is …