Free Press Journal
  • Rahul Gandhi on India’s economy ‘mess’: Wings have fallen off our plane

    New Delhi: The Congress, led by party Vice President Rahul Gandhi, on Wednesday launched a frontal attack on the Modi government over the state of the economy, after BJP leader Yashwant Sinha aired his views on the “mess”, and warned people to brace for tougher times ahead.

  • FM sees CSR spending potential of Rs 14K cr

    Every company with a net worth of Rs 500 crore or a turnover of Rs 1,000 cr or net profit of Rs 5 crore, needs to spend at least 2% of its average net profit for the immediately preceding 3 financial years on CSR

  • Perforce, Government may rewind oil price hike

    New Delhi: Just two days after Finance Minister Arun Jaitley firmly ruled out rollback of petrol and diesel prices as money is needed for infrastructure projects, a senior BJP general secretary on Friday hinted that the government may constitute a Group of Ministers to take “appropriate decision” in consultation with all stakeholders to mitigate the situation. It is understood that the government has received adverse feedback on the impact of the oil price rise

  • Steps soon to bolster economy: Arun Jaitley

    New Delhi: Finance Minister Arun Jaitley on Wednesday said the government is considering additional measures to bolster the economy that has hit a three-year low of 5.7 per cent in the first quarter of the current fiscal. The minister said an announcement with regard to the additional steps will be made after consulting Prime Minister Narendra Modi.

  • Arun Jaitley chairs high-level meeting on economy

    New Delhi: A high-level meeting chaired by Finance Minister Arun Jaitley got underway here on Tuesday evening to review the economic situation and discuss measures, including a possible stimulus package, to be taken amidst an economic slowdown.

  • Amit Shah set to reconstitute BJP’s top decision making bodies

    New Delhi: An overhaul of the BJP Parliamentary Board, the highest-decision making body in the party, and the Central Election Committee (CEC) is on the cards with the exit of M. Venkaiah Naidu after his election as the country’s Vice President.

  • Rs 4,900 crore black money disclosed under PMGKY

    New Delhi : Black money worth Rs 4,900 crore was disclosed by 21,000 people under the Pradhan Mantri Garib Kalyan Yojna (PMGKY), the stash money declaration window announced by the government post demonetisation, an official said Thursday. The Income Tax Department, a top government official told PTI, has collected a tax of Rs 2,451 crore till now from these declarations. “21,000 people disclosed Rs 4,900 crore of black money under the PMGKY

  • CBEC asked to increase GST registrations 3-fold: Sources

    New Delhi : Prime Minister Narendra Modi has set a steep target for the Central Board of Excise and Customs to achieve 3 crore registrations under goods and services tax, two senior finance ministry officials said.

  • GST Council might lower tax slab if collections go up

    New Delhi : GST Council may consider lowering tax on items of common consumption if the high trajectory of collections continues over the next few months, an official said today.

  • Jaitley defends printing cost of new bank notes

    Currency replacement takes place even in normal course. If you hadn’t been printing new currency or printing old currency. Arun Jaitley, Finance Minister.

  • Congress wary of efficacy of Cabinet reshuffle

    New Delhi : The Congress on Friday said the impending reshuffle/expansion of the Union Cabinet will make “zero difference” as Prime Minister Narendra Modi believed in total concentration of power, adding he had destroyed the Cabinet form of government.

  • ‘Pay dues or others will take over biz’

    New Delhi : Finance Minister Arun Jaitley Thursday put private sector debtors on notice saying they will have to pay their dues to banks or allow somebody else to step in and take control of the business. Using the new bankruptcy law, the central bank has prodded banks to initiate

  • Jaitley hints at expeditious decision on AI stake sale

    New Delhi : Finance Minister Arun Jaitley Wednesday indicated that an expeditious decision would be taken on Air India disinvestment, with at least two parties having formally expressed interest in buying stake in the national carrier. A group of ministers, headed by Jaitley, is working on the modalities of the strategic disinvestment of debt-laden Air India, which has been making losses for long. “These decisions are to be taken expeditiously but in

  • FDI policy rules out AI’s stake sale to foreign firm

    New Delhi : The government’s new foreign direct investment (FDI) policy suggests that foreign airlines may not be allowed to buy a stake in the national carrier Air India. In the “Consolidated FDI Policy” released by the Ministry of Commerce and Industry on Monday, the sub-section which allows foreign airlines to invest up to 49 per cent paid-up capital of domestic passenger carriers is not applicable in the case of Air India. 

  • Alternative mechanism for banks’ merger soon

    New Delhi : The government Wednesday decided to set up an Alternative Mechanism to oversee proposals for expeditious consolidation of public sector banks (PSBs) so as to create large, strong lenders. The move aims at meeting the credit needs of the growing Indian economy and building capacity in the PSB space to raise resources without dependence on the state exchequer, the government said. The Cabinet has given in-principle approval for PSBs to