Union Finance Minister Arun Jaitley on Thursday said the situation in the country is "almost normal" after the November 8 demonetisation move.
"The situation in the country is almost normal after demonetisation," Jaitley said at a press conference here. He was in Ranchi to take part in the Global Investors Summit(GIS) 'Momentum Jharkhand'.
Finance Minister Arun Jaitley said the currency is in surplus and the ministry is monitoring status of ATMs on a daily basis to sort out operational issues, reported PTI. "The Department of Financial Services is collecting details about money in ATMs. There might be a few operational issues in some locations... I get report on a daily basis... we are monitoring it so that these kinds of si
Union Finance Minister Arun Jaitley on Wednesday said that there is no shortage of cash and some ATMs could be dry due to operational reasons.
Jaitley, who was briefing the media after a meeting of the Union Cabinet, was asked on reports of shortage of cash at several ATMs in different parts of the country.
"We are monitoring the situation, so that such complaints don
NEW DELHI - India has approved the award of operating licences for 31 small oil and gas fields, Finance Minister Arun Jaitley told reporters on Wednesday.
The world's third biggest oil consumer had received bids for 34 of 46 oil and gas fields that were auctioned in May in India's push to tap its energy resources.
(Reporting by Nidhi Verma; Edit
The Indian Government has said that it has not waived even a single paisa of any industrialist and Rahul Gandhi is levelling false allegations in this regard. Commenting on the issue, Union Finance Minister Arun Jaitley told the media, "Rahul Gandhi, in his rallies, has been alleging that the Central government has waived over Rs one lakh crore loan of 50 top industrial houses in the count
Citing sound macroeconomic parameters, finance ministry officials on Tuesday pitched for a rating upgrade in their meeting with global rating agency Fitch, reported PTI. The officials also sought to understand how it rates sovereigns as rating agencies have been denying an upgrade citing stress on balance sheets of both banks and corporates.
The ministry also explained the representat
Union Finance Minister Arun Jaitley on Tuesday defended the November 8 demonetisation, saying the Centre took the decision with a larger objective of cleansing the system of excessive cash.
The scrapping of the high-value currency notes was taken with the larger objective of ridding the system of excessive cash, which is at the root of every illegality and crime, be it organised crime
Settling the rumors spread in social media, the Central Government on Monday clarified that it does not intend to levy any additional service tax on healthcare services.
“The Central Government has clarified that there is no proposal in the Union Budget 2017-18 to levy 5 per cent service tax on healthcare services, as reported in certain social media circles,” according to
India remained unaffected by global slowdown and the rhetoric of protectionism in developed economies, said Union Finance Minister Arun Jaitely on Monday.
"Unpredictable global slowdown and the rhetoric of protectionism in developed economies have not affected India," he said at the 'Make in India - Karnataka' conference here.
Asserting that the government
The Modi government's emphasis is on bold decision making and a clean economy with business friendly environment, the returns of which can be spent on the poor, Finance Minister Arun Jaitley said as per the PTI report. He also said the fundamental problem during the UPA rule was that its Prime Minister (Manmohan Singh) was not a natural leader of the ruling party or the government that comm
Finance Minister Arun Jaitley hoped that the Universal Basic Income (UBI) scheme mooted by the Economic Survey will be implemented over the next one year in some parts of the country at least on experimental basis, reported PTI. The Economic Survey, authored by Chief Economic Advisor Arvind Subramanian, had suggested that the Centre may come out with UBI scheme under which the government should
Finance Minister Arun Jaitley has said that he expected the RBI to cut interest rate but respect its decision to hold status quo. Commenting on the issue, Finance Minister Arun Jaitley told the media, "All finance ministers have a perpetual desire (of lower rate) but at the end of the day we all respect the decision that the RBI takes."
"One of the board members did ask
The government's road and highway building programme has enough cash to build the crucial infrastructure, Road Transport and Shipping Minister Nitin Gadkari has said.
"We have signed contracts worth Rs 5 lakh crore for infrastructure, roads, ports. It is a remarkable contribution from our investors. We do not have any problem, we are receiving public, private investment