Showing posts with label Arun Jaitley. Show all posts
Showing posts with label Arun Jaitley. Show all posts
Friday, 18 November 2016
Wednesday, 9 September 2015
09-Sep-2015|InPoMo Team|| Finance Minister Arun Jaitley today said the government in the next few days will bring out a list of tax exemptions to be phased out as part of the exercise to reduce corporate tax rate to 25 per cent in four years.
The minister also said measures to protect domestic steel sector from dumping by overseas manufacturers are being examined.
Stating that every tax demand cannot be termed as tax terrorism, he said, the government will not relent on pursuing black money in India or abroad.
As regards his Budget announcement of reducing corporate tax rate to 25 per cent, Jaitley said, "over the next few days we will come out with list of exemptions, which we intend to phase out in the first place. Over the next four years corporate tax will come down by 5 per cent and lot of exemptions will get phased out.
"Therefore slowly we will bring taxation levels to global standards and make taxation assessment and return simpler by just eliminating a lot of exemptions."
Jaitley was speaking at 'India Summit 2015' organised by UK-based Economist magazine.
The finance minister in his 2015 Budget had announced that the government would reduce the rate of corporate tax from 30 per cent to 25 per cent over the next four years to align the rates with competing countries.
In view of surge in import of various categories of steel, the Directorate General of Safeguards (DGS) has already initiated an inquiry into the imports of steel from China, Korea, Japan and Russia
The minister also said measures to protect domestic steel sector from dumping by overseas manufacturers are being examined.
Stating that every tax demand cannot be termed as tax terrorism, he said, the government will not relent on pursuing black money in India or abroad.
As regards his Budget announcement of reducing corporate tax rate to 25 per cent, Jaitley said, "over the next few days we will come out with list of exemptions, which we intend to phase out in the first place. Over the next four years corporate tax will come down by 5 per cent and lot of exemptions will get phased out.
"Therefore slowly we will bring taxation levels to global standards and make taxation assessment and return simpler by just eliminating a lot of exemptions."
Jaitley was speaking at 'India Summit 2015' organised by UK-based Economist magazine.
The finance minister in his 2015 Budget had announced that the government would reduce the rate of corporate tax from 30 per cent to 25 per cent over the next four years to align the rates with competing countries.
In view of surge in import of various categories of steel, the Directorate General of Safeguards (DGS) has already initiated an inquiry into the imports of steel from China, Korea, Japan and Russia
Thursday, 7 August 2014
The house proceedings are being disturbed on a regular basis by the Congress Party for the past few days, the overall scenario seems to be of attention grabbing tactics rather than fruitful debate. Finally in a bid to showcase his presence and authority Rahul Gandhi disrupted the working of the house by charging towards the speaker by assembling in the well of the house a few days back.
Later Rahul Gandhi told reports outside the parliament that, "We are not being allowed to speak in the parliament, we are asking for discussion. The mentality is that discussion is not acceptable; everybody feels it, their party feels it, we feel it everybody feels it"
In continuation to the above point Mr. Jaitley on wednesday said, "It is a time for the Congress party to introspect itself........ If you want to show yourself as doing something, it will be better if you lead your own party, rather than develop a contrived aggression against the functioning of the house itself, which otherwise has been functioning well" he went on to say that Congress seems to be facing a coup within their own party, as day after day established leaders of the party are speaking out.
Is Rahul Gandhi feeling left out in the dearth of genuine topics of discussion, or is it the mounting pressure of bringing Priyanka Gandhi to the forefront of congress starting to threaten him. Their seems to be an identity crisis within the party, every leader including Mr. Gandhi seems to be involved in the fight of grabbing attention and come the forefront, some are trying to be the face of the party themselves, while others seem to back behind the Gandhi Wagon by putting forward name of Mrs. Priyanka Gandhi Vadhera, as the future leader of the party.
As a part of the above agenda it seems Mr. Gandhi has realised that he needs to be more active in the house, and was observed to be more involved in the proceedings of the house just a day after creating a ruckus by storming the well of the house with a group of other members from congress. He was seen involved in discussion with Mr. Scindia during the proceedings of the house today.
Wednesday, 9 July 2014
01:20 PM : Mr. Jaitley end his budget speech....
01:10 PM
"These are healthy measures" Jaitley
- Increase on excise on cigarettes, Panmasala and tobacco related products
- 5% additional duty on sugar containing aerated drinks (Read Pepsi and cocacola drinks)
- Increase on excise on cigarettes, Panmasala and tobacco related products
- 5% additional duty on sugar containing aerated drinks (Read Pepsi and cocacola drinks)
01:00 PM
Basic custom duty on LED panel below 19 inch made nil: Jaitley
Soaps and oils to become cheaper with decrease in duty on Palm oils
Soaps and oils to become cheaper with decrease in duty on Palm oils
12:59 PM
Export duty on Bauxite increased from 10% to 20%
Food Processing excise duty reduced from 10% to 6% in order to facilitate a better environment for food processing
Food Processing excise duty reduced from 10% to 6% in order to facilitate a better environment for food processing
12:50 PM
60 more 'Ayakar Sewa Kendras' to be set up.
12:49 PM
Housing loan rebate to raised from 1.5 lakh to 2 lakh: Jaitley
12:48 PM
Govt to provide investment allowance at 15% for 3 years to manufacturing company which invest more than Rs 25 crore in plant and machinery.
12:46 PM
Young Leaders Programme to be set up with Rs 100 crore.
12:46 pm: Tax exemption limit for senior citizens changed from Rs.2.5 lakh to Rs.3 lakh: FM.
12:45 pm: Tax exemption limit for small and marginal, and senior tax payers changed from Rs.2 to Rs.2.5 lakh: FM.
12:44 pm: Do not propose to make any changes in tax rate: FM.
12:43 pm: Impact of tax changes have been factored: Arun Jaitley.
12:42 pm: I propose to give some relief to taxpayers and some sectors of the economy: Arun Jaitley.
12:41 pm: Had to encounter challenge of extremely limited fiscal space in deciding tax policy: FM.
12:40 pm: I propose Rs.200 crore for power reforms, and Rs.500 crore for water reforms in Delhi: Arun Jaitley.
12:35 PM
Rs 100 crore for training of sportspersons for upcoming Asian Games.
12:34 PM
Sports university to be set up in Manipur, Rs 100 to be provided for this.
12:32 PM
Biotech clusters to be set up in Bangalore and Faridabad.
12:32 PM
Meanwhile, Sensex has declined over 300 points in late morning trade.
12:31 PM
An NRI fund for conservation of river Ganga to be set up.
12:31 PM
World class convention facilities to be developed through PPP mode.
12:31 PM
FM announces 'Namami Ganga', an integrated Ganga Development Project; Rs 2037 crore set aside for this.
12:30 PM
Annual PPF ceiling to be raised to Rs 1.5 lakh, from Rs 1 lakh.
12:30 PM
Hope to implement Goods and Service Tax this year: Jaitley
12:28 PM
Rs 2.29 lakh crore allocated for defence sector.
12:27 PM
Rs 1,000 crore for 'one rank, one pension' scheme.
12:27 PM
War memorial to be set up along with a war museum; Rs 100 crore set aside for this.
12:26 PM
A War Memorial to be constucted in Princess Park: FM
12:23 PM
RBI will create framework for licences of small banks: FM
12:22 PM
There should be at least 2 bank accounts in each household: FM
12:22 PM
Govt to provide all households with banking facilities to empower the weaker sections.
12:20 PM
Bank to be encouraged to give long term funds and loans to infrastructure sector.
12:19 PM
Uniform KYC across the finance sector.
12:18 PM
Rs 3600cr set aside for National Rural Drinking Water: FM
12:16 PM
Retrospective tax amendment to be undertaken with extreme caution, Jaitley says
12:16 PM
Financial sector is at the heart of the growth engine, Jaitley says.
12:15 PM
Revision of rate of royalty on minerals to be taken up on request from the states.
12:15 PM
Ultra modern solar power plants to be set up.
12:13 PM
In order to complete gas grid, 15000km of additional pipeline to be developed through PPP mode.
12:12 PM
New and renewable energy deserves high priority; ultra modern power projects to be taken up in Rajasthan, Tamil Nadu, Ladakh with Rs 500 crore.
12:12 PM
Impasse in coal sector will be resolved: FM
12:11 PM
'Jal Marg Vikas' project on river Ganga
Rs 4200 crore set aside for 'Jal Marg Vikas' project on river Ganga connecting Allahabad to Haldia, over a distance of 1620km.
12:09 PM
New airports to be developed through PPP mode in tier-II and tier-III cities.
12:09 PM
16 new ports to be set up. Rs 11,000 crore to be allocated for this.
12:08 PM
Rs 200 crore allocated for 6 more textile clusters in Rae Bareily, Lucknow, Surat and Bhagalpur.
12:07 PM
Slum development to be included in Corporate Social Responsibility activities.
12:06 PM
Trade facilitation centre to promote handloom work in Varanasi.
12:06 PM
India has emerged as the largest PPP market in the world.
12:05 PM
BJP MPs taunt to Cong MPs: Learn to listen now.
12:04 PM
6 more textile clusters to be set up: FM
12:03 PM
Govt to take effective steps to revive SEZs: FM
12:03 PM
Rs 100 crore set aside for Kisan Television to provide real time information on various farming and agriculture issues.
12:01 PM
Gvot to set up Industrial Smart Cities in 7 cities.
11:59 AM
Jaitley is reading his Budget speech sitting down.
11:59 AM
Jaitley asked to sit and speak by the Speaker, after he complains of shortness of breath.
11:56 AM
Govt will initiate scheme to provide a soil health card; Rs 100 cr set aside for this. Rs 56 crore for soil testing labs across the country.
11:54 AM
Govt to provide finance to 5 lakh landless farmers through NABARD: FM
11:46 AM
House adjourned for 5 minutes by the speaker. A first of a kind move as asked by Jaitley
11:44 AM
Rs 100 crore for modernisation of madrasas: FM
11:43 AM
Development of Metro rails in PPP mode; Rs 100 crore set aside for Metro scheme in Ahmedabad and Lucknow.
11:43 AM
FTII Pune, SRFTI Kolkata will be accorded the status of institute of national importance, says Jaitley.
11:42 AM
Lok Nayak National Centre for higher education.
Rs. 4000 cr. to be set aside for low cost housing projects
Rs. 4000 cr. to be set aside for low cost housing projects
11:41 AM
Madam Mohan Malviya scheme for teacher training.
11:41 AM
Rs 500 crore for digital India programme to ensure broadband connectivity at village level, transparency in governance.
11:36 AM
5 more IITs to be established
5 new IIMs to be established
New AIIMS in Andhra, Maharashtra, Madhya Pradesh and Purvanchal: FM
5 new IIMs to be established
New AIIMS in Andhra, Maharashtra, Madhya Pradesh and Purvanchal: FM
11:35 AM
FM: Rs 3600 crore set aside for National Rural Drinking Water.
11:34 AM
Govt to set up 4 more AIIMS: Jaitley This will be followed by 12 new Govt. Medical colleges after discussion with states.
Going Forward further more AIIMS would be added to all the states
11:33 AM
Meanwhile, the Sensex is down more than 150 points. (Reuters)
11:32 AM
Crisis Management Centre for women at Delhi, money to be provided from Nirbhaya fund: FM
11:31 AM
Jaitley announces 'Beti padhao, beti badhao yojana', sets aside Rs 100 crore for this.
11:29 AM
Jaitley announces schemes for disabled persons in the country.
11:29 AM
EPFO will launch a unified account scheme for portability of Provident Fund accounts: FM
11:28 AM
A large number of money lying unused in postal schemes etc. Propose to set up a committee to examine how this can be utilised: Jaitley
11:28 AM
15 new Brail presses to be established and revival of 10 existing announced.
11:28 AM
The govt is notifying Rs 1000 pension per subscriber of EP scheme. Rs 50 crores being set aside for this: FM
11:28 AM
The govt is notifying Rs 1000 pension per subscriber of EP scheme. Rs 50 crores being set aside for this: FM
11:28 am: Rs.50,548 crore proposed for SC development: Jaitley.
11:27 am: Rs.200 crore set aside to support Gujarat govt in the Sardar Patel statue installtion: Jaitley.
11:26 am: Govt committed to providing 24/7 power supply to all homes: Jaitley.
11:25 am: Total sanitation goals to be achieved by 2019: Jaitley.
11:27 AM
Rs 200 crore set aside to support Gujarat govt in the Sardar Patel statue installtion: Jaitley
11:25 AM
Arun Jaitley: Rs 500 crore for Deen Dayal Upadhyay rural electrification programme
'Pradhanantri Krishi Sichayin Yojana' to be started for irrigation: Jaitley
A national multiscale programme called Skill India to be introduced to provide training and support for employment
Visa rationalisation : In order to give major boost to tourism, E-visas would be introduced at 9 airports. This will facilitate visas on arrival
11:25 AM
Government intends to cover every household in the country by 2019: Jaitley on sanitation
11:25 AM
Total sanitation goals to be achieved by 2019: FM
11:24 AM
Govt committed to providing 24/7 power supply to all homes: Jaitley
11:24 AM
Meanwhile, Nifty is unchanged, trading 0.2% higher. (Reuters)
11:23 AM
Pradhan Mantri Krishi Sichayin Yojana to be started for irrigation: FM
11:22 AM
We look forward to lower inflation, FM says
11:24 AM
Meanwhile, Nifty is unchanged, trading 0.2% higher. (Reuters)
As large number of people migrate to cities, unless new cities are developed the present would become unliveable: Jaitley.
We will examine proposal to give additional autonomy to banks and make them more responsible: Jaitley.
Financial stability is the foundation of our recovery: Jaitley.
FM proposes measures to encourage development of smart cities: Jaitley.
India is the largest buyer of defence equipment: Jaitley.
India needs boost in manufacturing sector: Jaitley.
FDI is several sectors provides additional resources: Jaitley.
Transfer pricing is major area for litigation; proposes changes in transfer pricing regulation.
11:23 AM
Pradhan Mantri Krishi Sichayin Yojana to be started for irrigation: FM
11:22 AM
We look forward to lower inflation, FM says
11:22 AM
Skill India programme to provide training and support for employment to be introduced: FM
Rs. 7060 Cr. allocated for City development of 100 cities
Rs. 7060 Cr. allocated for City development of 100 cities
We will examine proposal to give additional autonomy to banks and make them more responsible: Jaitley.
Financial stability is the foundation of our recovery: Jaitley.
FM proposes measures to encourage development of smart cities: Jaitley.
India is the largest buyer of defence equipment: Jaitley.
India needs boost in manufacturing sector: Jaitley.
FDI is several sectors provides additional resources: Jaitley.
Transfer pricing is major area for litigation; proposes changes in transfer pricing regulation.
11:20 AM
I propose Rs 7060 crores for the development of 100 smart cities: Jaitley
11:19 AM
eE-Visas to be introduced at 9 airports: FM
11:19 AM
We will examine proposal to give additional autonomy to banks and make them more responsible: FM
11:18 AM
PSUs to play their role constructively: FM
11:17 AM
Jaitley proposes measures to encourage development of smart cities
I propose to strengthen authority for advance ruling in tax: Jaitley
11:16 AM
FM announces FDI in defence up from 26 to 49 % with Indian management and control
11:15 AM
This govt will not ordinarily change policies retrospectively which creates a fresh liability: Jaitley.
GST will streamline tax administration and result in higher tax collection for center and states: Jaitley.
A new urea policy would be formulated: Jaitley.
We have no option but to take some bold steps to spurt economy; these are only the first steps and are directional: Jaitley.
GST will streamline tax administration and result in higher tax collection for center and states: Jaitley.
A new urea policy would be formulated: Jaitley.
We have no option but to take some bold steps to spurt economy; these are only the first steps and are directional: Jaitley.
India is an extensive buyer of defence equipment: FM
11:15 AM
India needs a boost for job creation: FM
11:14 AM
I propose to strengthen authority for advance ruling in tax: FM
11:14 AM
Goods and Services tax wait should come to end: FM
11:13 AM
We wish to provide an investment friendly taxation system: Arun Jaitley
11:13 AM
Aim to achieve 7-8% economic growth rate in next 3-4 years: FM
11:12 AM
No changes in taxes retrospectively, Jaitley says
11:12 AM
Assures that Union govt will be fair in dealing with states: FM
11:11 AM
We have no option but to take some bold steps to spurt economy; these are only the first steps and are directional, FM says
11:10 AM
Govt to form an xpenditure management commission: FM
11:09 AM
Target of 4.1% fiscal burden is daunting: FM
11:07 AM
The task before me today is very challenging; need to revive growth in manufacturing sector: FM
11:06 AM
We need to introduce fiscal prudence: Arun Jaitley
11:06 AM
Should we be victims of populism? Arun Jaitley asks
11:05 AM
We have to ensure that anti-poverty measures are well-targeted: FM
11:05 AM
There are green shoots of recovery in the global economy: FM
11:04 AM
We look forward to lower inflation, FM says
11:03 AM
People have voted for a change. India desires to grow: FM
11:01 AM
Madam speaker, I rise to present the Union Budget for 2104-15: FM
11:01 AM
Finance minister Arun Jaitley begins Union Budget presentation.
10:56 AM
"I think the same approach will be taken in Union Budget as the Rail Budget"
-Jay Panda, BJD MP
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