Free Press Journal
  • Union Cabinet gives nod to bill to seize assets of fugitive offenders

    New Delhi: Cracking down on economic offenders who flee the country after committing frauds, the union cabinet on Thursday approved a bill for confiscation of properties of these fugitives and also gave its clearance to set up an authority to oversee auditing standards of large companies.

  • Arun Jaitley

    Single GST rate can’t work at the moment, says Arun Jaitley at AIIB

    New Delhi: Union Finance Minister Arun Jaitley on Tuesday lauded the Asian Infrastructure Investment Bank (AIIB), which is investing in various infrastructure projects of India, saying India aspires to improve the quality of life, especially for those living in rural areas. Jaitley said rural infrastructure must be improved in order to bring about a change in ‘quality of life’ of people residing in villages.

  • Privatisation of PSBs ruled out, says Finmin

    New Delhi : The Finance Minister ruled out privatisation of public sector banks as a response to the Rs 11,400-crore fraud hitting Punjab National Bank, saying the move may not be politically acceptable. He said a lot of people have started talking of privatisation in the aftermath of the PNB fraud. “This (privatisation) involves a large political consensus. Also, that involves an amendment to the law (Banking Regulation Act). My impression is

  • FM Arun Jaitley slams regulators’ failure to detect Rs 11,400 crore PNB fraud

    New Delhi: Finance Minister Arun Jaitley on Saturday said cases of willful default and bank fraud will have a detrimental impact on the government’s objective of ensuring ease of doing business. Speaking at the ET Global Business Summit 2018 here, Jaitley said repeated occurrence of fraud causes major setbacks to efforts for improving ease of doing business, and this subsequently creates room for criticism on the economy.

  • PNB Scam: Scamsters will be chased, measures will be put in place to prevent such scams, says FM Arun Jaitley

    New Delhi: Breaking his silence on the Rs.11400 crore PNB scam, Finance Minister Arun Jaitley on Tuesday blamed the auditors for failing to detect the fraud and said the scamsters will be chased and measures will be put in place to prevent such scams.”What are our auditors doing? Both internal and external auditors really have looked the other way or failed to detect. I am sure the profession of Chartered Accountants and

  • Indore: Investment in long term capital bonds no more lucrative

    Indore: The Union budget presented by finance minister Arun Jaitley has some proposals which are indeed spiky, especially for those who wish to save long term capital gain (LTCG) tax by purchasing long term capital bonds.

  • Indore: Long term capital gain to demoralise mid-size equity market investors, FIIs and HNIs

    Indore: Union finance minister Arun Jaitley dare to re-impose Long Term Capital Gain (LTCG) after a gap of about 12 years on equity market investors, but it’s all sure to demo raise the mid-size investors, which are considered as a common investors. While reintroducing LTCG neither Security Transaction tax (STT) is scrapped nor it has been linked with indexation when movement of inflation in quite unpredictable.

  • Fiscal situation should be comfortable next financial year: Finance Minister Arun Jaitley

    New Delhi: Finance Minister Arun Jaitley today said the fiscal situation should be comfortable next financial year and there are no worries at the moment regarding slippages in meeting the deficit targets. Brushing aside any immediate need to worry about rising global oil prices, Jaitley said an assessment should not be made based on hypothetical situation concerning crude prices as the trend in the last three days has been opposite (with prices

  • FM will fall trying to ride on two horses

    The finance minister is not able to either  reject or adopt globalisation. He will fall trying to do both.

  • Centre committed to honour promises to Andhra Pradesh: Arun Jaitley

    New Delhi: The government on Tuesday assured Parliament that it was committed to honour promises as per the Andhra Pradesh Reorganisation Act of 2014 and said it was working on a formula to release funds soon under a special package to the state.

  • Going Beyond Budget 2018 with DEA Secretary Subhash Chandra Garg

    This year’s Union Budget is the last budget before the 2019 general election. This could be a make or break exercise for the future of the Narendra Modi government. Even as Finance Minister Arun Jaitley gave one of the longest speeches ever, he failed to communicate the exciting times that lie ahead for most Indians as almost every segment of business undergoes a transformation. Subhash Chandra Garg, Economic Affairs

  • mumbai, NDA, Hindu blood, Bharat Ratna, Veer Savarkar, Shiv Sena, BJP, Hindutva

    Union Budget shows govt alarmed by Gujarat poll results: Shiv Sena

    Mumbai: The focus on the rural sector in Budget 2018-19 was a clear indication that the BJP-led government was alarmed by the Gujarat poll result and realised that the rural population was moving away from it, the Shiv Sena said on Friday.

  • Long Term Capital Gains: Long-anticipated by investors but still dampening

    Mumbai: It was a talked about taxation yet is still disheartening for equity investors. With the decision to tax Long Term Capital Gains (LTCG), the Finance Minister Arun Jaitley has planned to add to government’s kitty around Rs 20,000 crore. But many long-term investors– at all levels, investing in equity, mutual funds (MFs) will soon start to feel a pinch.

  • Budget 2018 will boost overall economic growth, says FM Arun Jaitley

    New Delhi: In a rebuttal of the criticism of Budget 2018-19 pandering to the farm sector in a pre-election year at the expense of the middle class and the corporate sector, Finance Minister Arun Jaitley on Friday showed how his latest budget exercise is actually designed to boost overall economic growth with the help of all segments.

  • shiv sena, mumbai, maharashtra, lok sabha polls, 2019 loksabha elections, Amit Shah, Uddhav Thackeray

    Budget shows govt alarmed by Gujarat poll results: Shiv Sena

    Mumbai: The focus on the rural sector in Budget 2018-19 was a clear indication that the BJP-led government was alarmed by the Gujarat poll result and realised that the rural population was moving away from it, the Shiv Sena said today.

  • Maharashtra, State streamlines norms, sale of flats, maharashtra government, real estate

    Budget 2018: Government shifting focus on ‘ease of living’ after ‘ease of doing business’

    The Budget 2018-19 was expected to support the residential real estate sector beyond just the affordable segment. Had this happened, 2018 would have been the ‘year of consolidation’ for the real estate sector. In the run up to the Budget Speech, my thoughts were that the hon’ble finance minister would bring out a Budget positive for all segments of the real estate.