Finance Minister | The Asian Age

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The government expects Rs 28,000 crore from the RBI as interim dividend for 2018-19 based on the financial position of the central bank. (Photo: Twitter | @ANI)

Jaitley to address RBI board on Monday

The meeting, according to sources, will take a call on the interim dividend to be paid to the government during the current fiscal.

17 Feb 2019 1:30 PM

The estimated job creation data will go up by 379,544 to reach 36,15,770 on March 1, 2019, showed an analysis of documents of the Interim Budget, presented by Finance Minister Piyush Goyal on February 1. (Representational Image)

Amid unemployment chorus, Budget claims over 379k new jobs in govt depts

The government said it has generated 251,279 jobs in central government establishments between 2017 and 2018.

10 Feb 2019 4:06 PM

Moody's Investors Service Managing Director, Sovereign Risk Group, Gene Fang said the fiscal deficit could be brought down only if the Centre sticks to the fiscal consolidation path. (photo: file)

Difficult for govt to maintain 3.4 pc fiscal deficit in FY'20: Moody's

The govt has pegged the fiscal deficit for the next financial year at 3.4 per cent of GDP, as against the original target of 3.1 per cent.

03 Feb 2019 6:04 PM

New national sample survey on employment would be conducted by the government. (Phtoto: File)

Govt to held new survey to show enough job creation: Bibek Oberoy

Unemployment rate in India stood at 6.1 per cent in the period of 2017-18.

02 Feb 2019 4:37 PM

We see many positive elements that will support consumer spending and economic growth, US India Business Council (USIBC) president Nisha Desai Biswal said. (Photo: Facebook)

Top US advocacy group praises Piyush Goyal for the positive elements

The interim Budget comes after the disappointing moves made by the Union government to control a quick execution in its eCommerce policy.

02 Feb 2019 11:35 AM

The next GST council meeting is scheduled in January where a new composition scheme will be framed for small services providers.

GST rates may get political tinge in election year

The GST council’s fitment committee would take a final decision with all states on board.

31 Dec 2018 11:03 AM

A new look team would soon be in place at North Block to prepare Modi government’s Interim Budget ahead of the general elections next year.

New look team to steer Interim Budget 2019

Govt is in the process of appointing the chief economic advisor (CEA) who could soon take charge.

22 Nov 2018 10:28 AM

The RBI will not relax the October 15 deadline for global financial technology (fintech) companies to comply with its data localisation norms in the public interest, according to sources.

RBI sticks to October 15 deadline for data localisation in public interest

The central bank in April gave six months time to global payment companies to store transaction data of Indian customers within India.

14 Oct 2018 1:05 PM

Fuel prices across the country continued to rise unabated and touched new record levels on Friday despite the central government announcing a Rs 2.50 per litre cut in excise duty recently.

No respite for consumers as fuel prices witness fresh hike

Arun Jaitley had earlier announced a cut of Rs 2.50 per litre on both petrol and diesel prices.

12 Oct 2018 3:16 PM

The current Goods and Services Tax model implemented by the NDA government was the 'most complex' in the world and has to be further simplified, Punjab Finance Minister Manpreet Singh Badal has said.

GST 'most complex', needs massive fixing: Punjab Finance Minister

The way India designed its GST, I would actually give it 2 out of 10, says Manpreet Singh Badal.

11 Oct 2018 5:42 PM

Finance Minister Arun Jaitley on Monday met RBI Deputy Governor B P Kanungo to discuss RBI's data localisation norm for global financial technology companies. (Photo: ANI)

Arun Jaitley meets RBI DG, IT Secretary for data localisation

The meeting was also attended by Subhash Chandra Garg, Rajiv Kumar and Ajay Prakash Sawhney.

08 Oct 2018 4:17 PM

Petrol and diesel prices on Sunday has witnessed a fresh hike.

Fuel prices regain upward trend after a relief of Rs 2.50 from Centre

Petrol rate is the highest in Mumbai and diesel rate is the highest in Chennai.

07 Oct 2018 12:49 PM

Finance Minister Arun Jaitley on Thursday said the government is determined to contain the crisis at the IL&FS at the earliest so that it does not leave any adverse impact. (Photo: PTI)

Govt determined to contain IL&FS crisis to avoid any adverse impact: Jaitley

The government earlier this week superseded the board of IL&FS.

04 Oct 2018 7:10 PM

The move would increase problems of both the government and traders as they would have to make necessary changes in their software system.

Imposition of calamity tax with GST not advisable: CAIT

CAIT in a statement said that any move to impose calamity tax with the GST will set a wrong precedent in the country.

03 Oct 2018 11:18 AM

Five states and the union territory of Chandigarh have agreed to move towards uniform fuel rates.

Northern states agree on uniform fuel rates

On the advice of Delhi, similar Excise Policy will be implemented for all the North Eastern states.

26 Sep 2018 2:47 PM

Finance Minister Arun Jaitley on Tuesday said bad debts or NPAs in the banking system are on the decline as recoveries of unpaid loans have picked up. (Photo: PTI)

Bad debts on a decline, loan recovery picking up of PSU banks: Jaitley

After the IBC came into force, which calls for an auction of assets of loan defaulting entities, recoveries have picked up.

25 Sep 2018 7:28 PM

Finance Minister Arun Jaitley on Tuesday asked public sector banks to take "effective action" in cases of fraud and wilful loan defaults. (Photo: PTI)

Jaitley asks PSU banks to take effective action against frauds, defaults

Formalisation of the economy would help India achieve sustainable growth of 8 per cent.

25 Sep 2018 4:27 PM

On the global front, crude oil prices hitting the crucial $80 level mark and escalation of tariff war further weighed on investor sentiments.

Centre’s might fails to stop fall in Sensex

Posts biggest fall in 6 months; NBFCs could to see pressure.

25 Sep 2018 12:45 AM

Finance Minister Arun Jaitley will meet the heads of public sectors banks (PSBs) tomorrow as part of the annual financial performance review exercise. (Photo: ANI)

Jaitley to meet PSU banks chiefs tomorrow; to review financial performance

The finance minister will also discuss credit growth and bad loan situation.

24 Sep 2018 4:33 PM

Seeking to calm the nerves of worried investors, Finance Minister Arun Jaitley said on Monday that the government would take all measures to ensure adequate liquidity for non-banking financial companies (NBFCs) and mutual funds. (Photo: PTI)

Govt to take all measures to ensure liquidity in NBFCs: Jaitley

The minister's remarks come in the wake of stock markets witnessing sudden and stiff fall in intra-day trade on Friday.

24 Sep 2018 11:00 AM

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Aakar Patel