Free Press Journal
  • 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.”

  • Oppn tears into govt as cash crunch returns

    New Delhi/Amethi/Kolkata : Opposition parties on Tuesday slammed the government over cash crunch in ATMs and banks in several parts of the country, saying the “terror of note ban” has returned to haunt the people and dubbed the situation as a “financial emergency”.

  • Wrong to compare household and govt budgets: Niti Aayog

    New Delhi : Decrying the economic orthodoxy in India handed down from Europe of cutting fiscal deficits to balance budgets, Niti Aayog Vice Chairman Rajiv Kumar on Sunday called for new definitions to be adopted for government expenditure and described as fallacious the comparisions made between household and national budgets.

  • Banks board gets free hand, in good rapport with govt, says Rai     

    New Delhi : There have been many reports in the past that stated that Banks Board Bureau (BBB) and the government was not in sync. But BBB, Chairman, Vinod Rai denied these reports by saying that the board was given a ‘free hand’ in appointment process and dismissed any lack of coordination with the government.

  • Youth discuss issues faced by banking sector, staff

    This three-day convention which was organised by AIBEA, set the tone by calling not just the banking employees but the working class across all public sector,

  • Bank issued over 41k LoUs since 2011

    New Delhi : Scam-hit Punjab National Bank had issued as many as 41,178 Letters of Undertaking (LoUs) since 2011, of which 1,590 were given to Nirav Modi, Mehul Choksi and their associates, the finance ministry has said. In a written reply to the House on March 20, Finance Minister Arun Jaitley said that PNB has apprised that 7,672 LoUs were issued with validity of 90 days, 20,078 LoUs were issued with validity

  • Jaitley’s silence to save his daughter: Rahul

    New Delhi : Congress President Rahul Gandhi on Monday taunted Finance Minister Arun Jaitley’s silence on the Punjab National Bank (PNB) scam because his lawyer daughter had taken a hefty retainer fee from absconding diamantaire Mehul Choksi’s Geetanjali Gems just a month before the scam became public.

  • RS polls: BJP shifts Jaitley from Guj to UP, Pradhan from Bihar to MP

    New Delhi : The Bhartiya Janata Party on Wednesday shifted Finance Minister Arun Jaitley from Gujarat to Uttar Pradesh and Oil Minister Dharmendra Pradhan from Bihar to Madhya Pradesh in the first list of its nine candidates in the ensuing Rajya Sabha elections, all of whom are retiring members, including eight union ministers.

  • Cabinet nod to hike MPs’ allowances

    NEW DELHI: Members of Parliament are set to get increased allowances with the Union Cabinet on Wednesday approving a proposal in this regard.

  • AIIB to invest $200 mn in India’s wealth fund

    New Delhi : Beijing-based Asian Infrastructure Investment Bank (AIIB) is likely to invest around $200 million in India’s first sovereign wealth fund, the National Investment and Infrastructure Fund (NIIF), AIIB president Jin Liqun said in the national capital. AIIB, which started operations in 2016, has committed over $1 billion in five infrastructure projects in India so far and proposes to invest in 12 more, envisaging assistance of $3.5 billion.

  • 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.

  • 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.

  • Nilekani roped in to develop IT infra for healthcare scheme

    New Delhi : Tech billionaire Nandan Nilekani will assist the government in developing IT infrastructure for the mega National Health Protection Scheme (NHPS), which seeks to cover 10-crore families, a senior Niti Aayog official has said.

  • Private docs to teach in govt medical colleges

    New Delhi : The Medical Council of India (MCI) has relaxed its stringent rules on appointment of the teaching faculty in the medical colleges, allowing for the first time in the country’s history the specialists and consultants practicing in private hospitals to teach medicine in the new government medical colleges.

  • Despite tall claims by govt, not even 30% of Nirbhaya Fund utilized

    New Delhi : Less than 30 per cent of the much-hyped Nirbhaya Fund, that now has run up to Rs 3,100 crore, has been utilised so far in the last five years despite tall claims by the government on women’s safety and welfare in the country, an RTI reply has revealed.

  • Chidambaram

    Chidu says economy going downward

    New Delhi : Congress leader P Chidambaram on Saturday took a swipe at the NDA government for claiming that the growth rate was better in its rule, saying it was lower than UPA’s 10 years average and was going downward.