Govt accepts Shah Panel report, no retrospective tax on FIIs

Last Updated: Tuesday, September 1, 2015, 20:03

The government has accepted the Justice A P Shah panel report which recommends non-applicability of Minimum Alternate Tax (MAT) on FIIs, Finance Minister Arun Jaitley said on Tuesday.

Hope RBI takes note of low inflation, oil prices: FM Jaitley

Last Updated: Monday, August 31, 2015, 13:23

In a scenario where inflation is under control, the quantum of interest rate cut is "the prerogative of the RBI", he said.

Cost of money has to come down to achieve 8-10% growth: Arun Jaitley

Last Updated: Saturday, August 29, 2015, 20:32

Jaitley added that stalled projects have to be expedited and they will lead 'Make in India' programme.

Savings on oil will help in funding social security schemes: FM

Last Updated: Friday, August 28, 2015, 22:29

India, which imports close to 80 percent of its oil needs, spent about USD 124 billion in 2014-15 on shipping oil.

India can replace China as driver of global growth: FM Jaitley

Last Updated: Thursday, August 27, 2015, 16:44

Seeing an opportunity in the recent turmoil in global equity and currency markets, Finance Minister Arun Jaitley Thursday said India, with 8-9 percent growth rate, can replace China as the driver of world economy.

Textiles Ministry pushes for lowest GST slab for industry

Last Updated: Wednesday, August 26, 2015, 23:04

The textiles ministry is making out a case for keeping the industry in the lowest slab of the proposed Goods and Services Tax (GST) and has made a pitch for the same to the Finance Minister.

Global market turmoil an opportunity to grow: Arun Jaitley

Last Updated: Tuesday, August 25, 2015, 20:09

Asserting that the global market turmoil was not a cause of "worry" for India, Finance Minister Arun Jaitley Tuesday said the crisis should be converted into an "opportunity" to grow by speeding up the reforms.

Arun Jaitley stands firm, says GST Bill will soon see light of day

Last Updated: Monday, August 24, 2015, 21:57

Finance Minister Arun Jaitley Monday said the Constitution Amendment Bill to roll out Goods and Services Tax will soon see the light of day and the Revenue Department is getting ready with three Bills to ensure its implementation.

Market crash: India tries to calm jittery investors

Last Updated: Monday, August 24, 2015, 18:50

India`s policymakers tried to soothe jittery investors on Monday after domestic shares slid nearly 6 percent and the rupee sank to its lowest since late 2013 following a China-led sell-off across Asia.

Fiscal deficit, inflation under control; economy in revival mode: FM Jaitley

Last Updated: Monday, August 24, 2015, 16:48

Enthused by increase in indirect tax collections, Finance Minster Arun Jaitley Monday said that the economy is in a revival phase and expected that it will clock a growth rate in excess of 8 percent in 2015-16.

Fiscal deficit, inflation under control, eco in revival mode: FM Jaitley

Last Updated: Monday, August 24, 2015, 16:00

The Economic Survey presented by Jaitley in February had projected a growth rate of 8.1 to 8.5 per cent for the current financial year.

Global turbulence behind market crash, impact temporary: Arun Jaitley

Last Updated: Monday, August 24, 2015, 15:19

Attributing the stock market crash to global turbulence, Arun Jaitley aid the government and RBI were watching the situation and hoped that things will stabilise once the transient impact is over.