He said there is an opportunity to uplift sections of society which are economically backward and illiterate
He also recalled that how trade unions opposed the Seventh Pay Commission proposal to have a contributory social cover
With reference to A K Bhattacharya's piece, "Arun Jaitley's Budget firsts" (August 31), I agree with the author that this year onwards, the annual Budget-making exercise will not only be unusual but different, too. Finance Minister Arun Jaitley is learnt to be working towards incorporating far-reaching changes in its composition as well as timing of presentation from next year.As pointed out by the writer, the rolling out of the new indirect tax regime encompassed in the goods and services tax (GST) in lieu of a plethora of taxes such as excise, service tax, value-added tax, central/state sales taxes will result in a big shift in the budgetary exercise. The focus will shift to expenditure allocations from all these subsumed taxes.It's a different matter that the Federation of Indian Chambers of Commerce and Industry is of the view that at least six months will be needed from the date of adoption of the GST law by the GST Council. Also, there is still no unanimity between industry and s
Jaitley said it is important to quickly address the issues related to the construction sector, which contributes 8% to the country's GDP
Foreign investment is important for India in order to have larger investment in infrastructure sector, said Jaitley
The advancing of the general Budget will help improve public spending and implement tax proposals from the very start of financial year, claimed Jaitley
Bonus Amendment Act will be implemented strictly, said Jaitely
Jaitley pointed out that many Indian states were growing at 10-11 per cent and offered opportunity for US investment
The conference will debate and deliberate dispute settlement and enforcement of treaty awards among other things
Implementation in a time-bound manner is very crucial in order achieve the desired goals of IBC 2016, emphasised Jaitely
To curb speculation and check price rise of the sweetener during festival season
Centre scrapped the Rail budget and merged with the general Budget
He will review the first quarter performance of public sector banks and will also discuss credit growth and bad loan situation
He also slammed Pakistan for the current unrest in Kashmir
Karnataka Home Minister had yesterday said Amnesty India has never involved itself in any kind of anti-national activities
Says industry and business must pay taxes which is due, repay loans taken from banks for economy to function
Finance Minister Arun Jaitley will address the Indian Banks' Association on September 1
The possibility arises after Rajnath Singh was given a cold shoulder by Pakistan authorities to attend the Saarc Home Ministers' conference
Jaitley also said introduction of GST is a major step towards reforms in taxation
The meetings are taking place ahead of the SAARC Summit to be held in November in Islamabad