Free Press Journal
  • Jaitley: Revenue needs to restrict any cut in oil taxes

    New Delhi : Finance Minister Arun Jaitley provided no indication Wednesday of any cut in excise duty on petrol and diesel to cushion the spike in rates, saying that the government needs revenue to support public spending without which growth will suffer.

  • Finance Ministry officials trying to derail probe against Chidambarams’: Swamy to PM Modi

    New Delhi: Bharatiya Janata Party (BJP) leader Subramanian Swamy has written a letter to Prime Minister Narendra Modi stating that the Central Bureau of Direct Taxes (CBDT) is not taking action against Karti Chidambaram and P. Chidambaram, further alleging that some officials in the Ministry of Finance as well are trying to derail the probe against them.

  • IT raids at Karnataka minister’s house has no link with Rajya Sabha polls: Arun Jaitley

    New Delhi: Union Finance Minister Arun Jaitley on Wednesday asserted that the income tax raid at residence of Karnataka power minister DK Shivakumar have no links with Rajya Sabha polls in Gujarat. Jaitley, while addressing the Lok Sabha, said that the raids are being conducted purely on economic front. “This raid should not be linked with any Gujarat poll, this is on a purely economic offence,” said Jaitley.

  • Congress vs BJP in Himachal Pradesh Assembly elections

    BJP warns Congress against ‘communalising’ lynching cases

    Bengaluru/Mumbai:  The Bharatiya Janata Party (BJP) on Friday hailed Finance Minister Arun Jaitley’s statement against self-styled cow vigilantes and asked the Congress party to not communalize the issue. BJP leader Sanju Singh said that the Congress should not give the menace of lynching a religious colour to siphon brownie points, instead should fight the political battle at the hustings.

  • Andhra Pradesh pattern in Maharashtra loan waiver scheme

    Mumbai: State Finance Minister Sudhir Mungantiwar has said Maharashtra will adopt the Andhra Pradesh pattern for implementing the loan waiver scheme to avoid corruption and misuse of tax payers’ money. He challenged the Congress to implement this decision of loan waiver in the states where they are in power.

  • Why Maharaja – drain on public money – must go

    WITH such huge debt on its books, any private airline would have been forced to close shop long ago. Kingfisher is a well known example; it had an unpaid debt of 9,000 crore. But Air India has survived on write-offs and fresh infusion of funds through equity

  • Finance Minister Sudhir Mungantiwar says funds available for farm loan waiver

    Mumbai: Finance Minister Sudhir Mungantiwar has said that the loan waiver amount may not amount to Rs 30,000 crore. He added that the government has many options available to raise money for a loan-waiver package. In an immediate relief to small and marginalised farmers the government will issue a notification enabling them to avail immediate farm credit.

  • GST will help in evolving India as tax-compliant society: Jaitley

    Bengaluru :  The Goods and Services Tax, to be rolled out in just over a month, will not only check evasions but also help India evolve as a more tax-compliant society, Finance Minister Arun Jaitley said on Monday.

  • Scrapping of FIPB holds promise of more FDI

    True to the intent expressed in the last annual budget, Finance Minister Arun Jaitley has abolished the Foreign Investment Promotion Board (FIPB) that has been vetting foreign investment proposals that exceeded Rs 3,000 crore. Introduced in the wake of liberalization, the FIPB had lost its value with nearly 95 per cent of FDI coming through the automatic route in recent years. Only in 11 sectors, there was need for prior government approval

  • Mumbai, Jayant Patil, NCP President, NCP, Nationalist Congress Party, Sharad Pawar, Maharashtra

    FM will lose right to impose new taxes post-GST: Opposition

    Mumbai: Claiming the finance minister will lose rights to impose new taxes and as he has no work remained about financial planning after Goods and Services Tax (GST) will be implimented, Jayant Patil, senior member of opposition Nationalist Congress Party (NCP) has said the FM must be renamed as expenditure minister.

  • Foodgrains to be cheaper under the new GST regime from July 1

    “Cereals will be in exempt list. But what is to be done with packaged and branded food that has to be separately decided. We are yet to make a decision on that,” Arun Jaitley/ Finance Minister.

  • CBI raids: FM Arun Jaitley says ‘day of reckoning’ has come

    Finance Minister Arun Jaitley said unless there is a valid reason, the CBI and other bodies do not carry out such raids. Every step taken is done so expecting some result in return. The people in high positions acquiring assets through shell companies is not a small thing. Those responsible will be accountable.

  • Chidambaram: CBI raids won’t stop me from speaking, writing

    New Delhi: Former Union Minister P Chidambaram on Tuesday said he and his son Karti Chidambaram were being targeted to muzzle his voice.  This was after searches were conducted at several places in connection with an alleged criminal misconduct in approving foreign direct investment (FDI) for a private firm during the previous Congress-led UPA government.

  • No plan to tax agri income, rich farmer very rare, says Jaitley

    “The rich farmer is a very rare institution. It is not the norm. It is only a rare exception and therefore, at a time when you need to support agriculture because of the distress, this is hardly the time to deflect the issue and start taxing agriculture. This is not the time. They are under distress,”
    -Arun Jaitley/ Finance Minister
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  • Bhopal: Assembly clears GST Bill unanimously

    BHOPAL: Madhya Pradesh Vidhan Sabha, on Wednesday, cleared the MP Goods and Services Tax Bill 2017 unanimously after a brief debate, during which the ruling and opposition parties gave credit to themselves for implementation of the new uniform tax regime all over the country. A special day-long sitting of the House was convened to pass the Bill.