Free Press Journal
  • Merged banks’ entity may be operational from April 1

    New Delhi : The new entity to be formed with the merger of Bank of Baroda, Vijaya Bank and Dena Bank will be operational in the beginning of the next financial year, sources said.

  • Markets, rupee falling due to global factors: Finance Minister Arun Jaitley

    New Delhi: As the rupee weakened against the US dollar and markets closed deep in the red on Monday despite a series of measures announced by the government over the weekend, Finance Minister Arun Jaitley said it was due to global phenomena occurring owing to squeeze on oil production and the US-China trade war.

  • Rehashing an old story

    The exchange of invective between the ruling party and the Congress over the escape of the bank defaulter Vijay Mallya seems to be a rehash of the March 2016 exchanges when he had actually fled the country. This is unmindful of the fact that even at that time, Finance Minister Arun Jaitley was accused of meeting the King of Good Times before he left the country, and, equally vehemently, the FM had

  • Govt to stick to fiscal deficit target: Arun Jaitley

    New Delhi : The govt is determined to keep fiscal deficit at 3.3 per cent of GDP on the back of buoyant tax revenues and expectations of surpassing the disinvestment target, Finance Minister Arun Jaitley said Saturday but remained non-committal on cutting tax on petrol and diesel.

  • Govt makes Jan Dhan scheme open-ended

    New Delhi : The government on Wednesday decided to make the Pradhan Mantri Jan Dhan Yojana (PMJDY) an open-ended scheme and added more incentives to encourage people to open bank accounts. The flagship financial inclusion scheme was launched in August 2014 for a period of four years.

  • Coal import probe in limbo: Congress

    New Delhi : The Congress on Monday accused the Centre of stalling a probe announced by the Directorate of Revenue Intelligence (DRI) in 2014 into the coal import over-invoicing fraud of Rs29,000 crore because the importer companies include those owned by Prime Minister Narendra Modi’s two close industrialist friends.

  • India to become 5th largest economy next year: Arun 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 economy was very large and growing at a fast pace.

  • IMF cuts India’s growth forecast: Cong to Jaitley

    New Delhi : The Congress on Monday punctured Finance Minister Arun Jaitley’s boast in a blog, telling him that the International Monetary Fund (IMF) had itself lowered India’s growth projection only last month.

  • Blog writing can’t increase investment: Cong to Jaitley

    New Delhi : The Congress claimed on Sunday the “ad hoc” policies of the BJP-led government at the Centre has put the Indian economy in “dire straits”, and took a dig at Finance Minister Arun Jaitley, saying writing blogs cannot increase investment.

  • Arun Jaitley

    Arun Jaitley re-appointed as Finance Minister, to take charge today

    New Delhi: Arun Jaitley, who stepped aside as Finance Minister in mid-May to undergo a kidney transplant, was today reappointed as Minister for Finance and Corporate Affairs. Jaitley, 65, stopped attending office at the beginning of April, and will be back in North Block – the seat of Finance Ministry – later today.

  • Cos get scrutiny notices for GST returns mismatch

    34 per cent of the businesses have paid Rs 8.16 lakh crore to the exchequer by filing GSTR-3B, whereas analysis of their GSTR-1 data show that their tax liability should have been Rs 8.50 lakh crore.

  • GST council looks to simplify return form

    New Delhi : Finance Minister Arun Jaitley-chaired GST Council will meet on May 4 to discuss a simpler return form and the amendments required in the indirect tax regime rules.

  • Impeachment motion was bound to fail, says Jaitley

    New Delhi : Finance Minister Arun Jaitley, who is also leader of House in the Rajya Sabha, on Tuesday justified the rejection of the Opposition’s impeachment motion against Chief Justice of India Dipak Misra, saying “it was filed on untenable grounds for collateral purpose to intimidate the Chief Justice of India and other judges of the highest judiciary.”