Free Press Journal
  • 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


    The Nirav Modi scam has not only exposed the frailties of the banking system in the country but also sullied the sparkling image of the Modi government. It was but natural for a political slugfest to break out as a result of this scam, but in the confusion created by the allegations and counter allegations, truth has become a casualty.The ruling party says that the scam began in 2011 and it has

  • Important to build robust, comprehensive framework to regulate crypto space: Koinex CEO Rahul Raj

    New Delhi: Cryptocurrencies have gained a lot of traction and acceptability among market participants. India is becoming one of the biggest trading hubs of cryptos and things will only get bigger once lawmakers lay out a clear regulatory framework for this space. Like equities, investors in the crypto space must understand what they are buying into and what value/utility proposition the digital tokens hold in the long-term, says Rahul Raj, co-founder and

  • 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.

  • Bharat Budget: To improve lives of distressed farmers and rural areas

    The Union Budget for 2018-19 – presumed to be the last Budget by the present Government and its presentation getting preponed to February 1, 2018 in recent years, could be termed as a ‘Bharat Budget’ as it is overwhelmingly dominated by measures aimed at improving the economic lots of distressed farmers and rural areas.

  • Budget 2018: National Health Security Scheme is a game-changer, say Doctors

    Mumbai: Finance Minister, Arun Jaitley on Thursday budget announced the ‘National Health Security Scheme’, the world’s largest healthcare scheme. Under the programme, Jaitley announced a new Flagship National Health Protection Scheme, providing health insurance cover of Rupees 5 lakhs per family per year. Most of the doctors claim that health insurance would be a game changer in the future. This would help poor patients to procure treatment that would indirectly help in

  • Union Budget 2018: Can the Budget be both populist and pragmatic?

    New Delhi: The Narendra Modi government is going to present its last full Budget on February 1 in the run-up to the general elections in 2019. So, a degree of populism – stemming from electoral considerations – in inevitable. (The government will present a vote-on-account next year, instead of a full Budget.)

  • Five priorities for Budget 2018-19

    As we await the Finance Minister make his most-watched Budget speech this week, here is a preview of the economy, and what it might portend in terms of tax and spend proposals. India faces two worrying macroeconomic headwinds from foreign shores.

  • FM Arun Jaitley to chair 25th GST Council meeting today

    New Delhi: Finance Minister Arun Jaitley will be chairing the 25th meeting of the Goods and Services Tax (GST) Council here on Thursday. The council is expected to hold talks on bringing real estate, stamp duty on a property before registration, petrol and diesel products under the ambit of the taxation scheme.

  • Union Budget 2018: This Budget is the biggest challenge for the Government

    Unlike most countries, the Budget is usually an eventful affair in India and is a heated topic of national conversation around the time of its release. The underlying national interest behind it is mostly because the budget holds something for everyone — ranging from a small farmer to a big industrialist. However, from this year onwards, much of its sheen will be off by a bit. The tinkering of indirect taxes, which

  • Impact of measures will be seen in long-term, says FM

    New Delhi :  Finance Minister Arun Jaitley, on Thursday, assured that the positive impact of the economic measures being taken by the government will be seen in the medium to long-term. The Minister, in a debate, a ‘short-term discussion on the state of economy’ in the upper house of Parliament, the Rajya Sabha (RS), said the coming generations will remember this government for creating a ‘new economic history’ of the subcontinent.

  • Arun Jaitley calls for transparency in electoral funding through bonds

    New Delhi: Finance Minister Arun Jaitley on Tuesday ended the suspense on electoral bonds that can be used for making political donations. He had announced the bonds in the previous Union Budget. Unveiling the contours of the bonds in the Lok Sabha, he said the bearer instrument will not carry the name of the payee and can be bought for any value, in multiples of Rs 1,000, Rs 10,000, Rs 1 lakh, Rs