Free Press Journal
  • Budget presented in Kerala amid ruckus in assembly

    Thiruvananthapuram: Kerala Finance Minister K.M. Mani on Friday presented the 13th state budget amid ruckus created by members of the Left opposition who are demanding his resignation.  They alleged that he took a bribe of Rs.1 crore to reopen the closed down bars in the state.  Members of the opposition damaged Speaker N. Sakthan’s chair and computer as the house assembled for the day’s proceedings on Friday. The speaker as well as

  • Nagarjuna Sagar Dam

    Industry skeptical about proposed 5 ultra mega power plants

    New Delhi: At a time when the successful coal auctions bring hope for India’s power sector and the 2015-16 Budget proposes five new ultra mega power projects (UMPPs), the industry itself doubts whether sector constraints would allow these projects to make the grid.

  • Masarat Alam

    Oppn targets Govt over reports to release 800 more separatists

    New Delhi: Opposition parties today sought to corner the government over reports that the Jammu and Kashmir government was planning to release 800 more separatists and sought to know if the state’s Governor has mentioned this in his report to the Centre. After Naresh Agarwal (SP) and others raised the issue in Rajya Sabha, Finance Minister Arun Jaitley said government was ready to respond to any specific case brought to its notice.

  • Govt Headed For Political Battle On Land Bill: Jaitley

    New York : Finance Minister Arun Jaitley has acknowledged that the government may be bracing for a ‘political battle’ on the Land Bill in Parliament but is confident that the insurance law will get passed.

  • Arun Jaitley

    Arun Jaitley to introduce Insurance Laws Bill in Lok Sabha

    New Delhi : Finance Minister Arun Jaitley on Tuesday will be introducing the Insurance Laws (Amendment) Bill-2015 in the Lok Sabha. The bill will replace the Insurance Act of 1938, General Insurance Business (Nationalisation) Act, 1972 and the Insurance Regulatory and Development Authority Act, 1999. The Minister is also expected to place an explanatory statement showing reasons for the immediate legislation by promulgation of the Insurance Laws (Amendment) Ordinance, 2014.

  • Arun Jaitley

    Arun Jaitley’s tell-tale tax numbers

    New Delhi : For the sake of record we have it that the economy is doing well, and based on the new GDP numbers it is supposed to have grown at the rate of 6.9 percent in 2013-14, 7.4 in 2014-15 and is targeted to notch-up anywhere between 8.1 to 8.5 in 2015-16. These revised numbers have come after the Central Statistical Organisation ( CSO) changed the base year to 2011-12. Otherwise the

  • Bullion cos welcome gold scheme, unhappy over duty status quo

    Mumbai:  Gems and jewellery players today said the gold monetisation scheme announced in the Union Budget will increase the supply and help in reducing imports of the precious metal.  The industry players, however, expressed disappointment over no reduction in customs duty on the metal.   “We are very happy with the proposal of gold monetisation scheme. This is similar to the ‘Rastra Swarna Nivesh’ scheme we had proposed last year. This will increase the

  • Imported mobile,tablets price may go up, local producers gain

     New Delhi:  In a move to boost local manufacturing of mobile phones and tablets, the government today increased duty benefits for domestic producers of these electronic items. Excise duty structure for mobiles handsets, including cellular phones, is being changed to 1 per cent without CENVAT credit or 12.5 per cent with CENVAT credit, Finance Minister Arun Jaitley said while presenting the Budget in Parliament.  Earlier the duty structure for mobiles was 6 per cent

  • Smoking, eating out, air travel to be costlier

    New Delhi : Smoking and consumption of other tobacco items will be more expensive, while an increase in service tax rate would make costlier a whole lot of other activities including air travel, eating out and paying bills, Continuing the trend set by his many predecessors, Finance Minister Arun Jaitley today came down heavily on smokers and tobacco consumers with a steep increase in excise rate in tax proposals in Budget 2015-16.

  • Jaitley proposes gold bonds, monetisation schemes

    New Delhi: Finance Minister Arun Jaitley Saturday proposed steps to monetise the yellow metal by introducing a gold bond and a monetisation scheme besides announcing his plans to make indigenous gold coins. He said it while sharing with the Lok Sabha during budget presentation that an estimated 20,000 tonne of gold stocks in India are neither traded or monetised.

  • Arun Jaitley

    Will Jaitley pursue ‘big bang’ reforms proposed by the Economic Survey?

    New Delhi: With the Economic Survey suggesting “big Bang” reforms, expectations run high on the national budget due on Saturday, in an exercise being regarded as a test-case for Prime Minister Narendra Modi government’s earnestness to provide policies for “double-digit growth”.

  • Arun Jaitley

    Arun Jaitley to present Economic Survey 2014-15 in Parliament today

    New Delhi : Union Finance Minister Arun Jaitley is likely to present the Economic Survey 2014-2015 in the Parliament this afternoon. The survey reviews the developments in the Indian economy over the past year. It highlights the performance on major development programmes and policy initiatives of the government, say reports. The survey also points out the prospects of the economy in the short to medium term and is presented to both Houses of Parliament.

  • Arun Jaitley

    Budget: Policy plans to combat blackmoney to be introduced soon

    New Delhi:Finance Minister Arun Jaitley is likely to announce policy initiatives on some of the key recommendations made by the Special Investigation Team (SIT) on black money to combat the menace of illicit funds, stashed within the country and overseas, when he presents the Budget on February 28. While the SIT has suggested over a dozen measures to the government to check “black economy” in the country, some special recommendations and requirements

  • Arun Jaitley

    Arun Jaitley on black money: 60 prosecutions have been launched

    New Delhi: Govt has put in vigorous efforts towards digging black money during the last 6-7 months. Most of the names revealed in the list today are known to the government. Some new names have been revealed whose veracity would be checked by authorities. Had met top Swiss authorities in Davos, agreed with them that admission by assesses would be considered additional evidence.

  • BJP hartal demanding resignation of Mani near total

    Thiruvananthapuram :  Normal life across Kerala was today disrupted due to a day-long state-wide hartal called by BJP today demanding resignation of Finance Minister K M Mani in the wake of graft charges against him in the bar bribery scam. Buses, taxis and autorickshaws kept off the roads and shops remained closed all over the state. No untoward incidents were reported from any part of the state, police said. Government offices, including

  • At Last, Some Relief

    The headline of a recent report on the morning after RBI cut benchmark rate by 25 basis points to 7.75 per cent said it all: ‘A little cut is big deal for markets.’ Indeed, why should markets behave in such an excited manner? It is said a good actor should be able to register exaggerated happiness or sorrow at a little loss or gain, depending on the demands of the script, in

  • Arun Jaitley

    Make in India: Jaitley signals urgent need for RBI rate cut 

    New Delhi: Sending a clear signal to the Reserve Bank of India (RBI) to cut interest rates in view of industrial output slipping further in October, Finance Minister Arun Jaitley Monday called for increasing the flow of funds in the market.

  • K M Mani

    Kerala Finance Minister K M Mani booked in bar bribe scam

    Thiruvanthapuram:  In a major embarrassment to the Congress-led UDF government in Kerala, state Finance Minister K M Mani was today booked by Vigilance and Anti-Corruption Bureau in the bar bribe scam.