BJP govt should use majority to undertake pending reforms
"He lies a dozen times and then in self-delusion believes it to be true or is it a case of a Clown Prince' out-clowning himself?", says Arun Jaitley for Rahul Gandhi
Jaitley said global oil prices have risen on account of 'artificial shortages' and it has adversely impacted India
A study by the Organisation for Economic Co-operation and Development concluded that jurisdictions, including India, which provide exemptions to PSEs under competition law adversely impact competition
"This is little excessive," he says adding that free speech could, under the Constitution be restrained only under certain circumstances such as public order
The crisis has triggered concerns of liquidity squeeze in the NBFCs and mutual funds
He said public sector banks have recovered Rs 365.51 billion of bad loans or NPAs during April-June quarter
Jaitley said some global trends do adversely affect India, but going ahead they will open up avenues for the country to grow faster
Somesh JhaNew Delhi, 24 JulyFinance minister Arun Jaitley will hold the annual review meetingwith chief executives and the top management of public sector banks (PSBs) onTuesday.This is the first meeting that the government is holdingwith public sector bankers, following its announcement to merge Bank of Baroda,Dena Bank and Vijaya Bank to create the country's third largest bank afterState Bank of India and HDFC Bank.The day-long meeting is set to review the measures taken byPSBs to recover bad loans, financial performance in the present financial year,reform measures and financial inclusion. The Finance Minister is expected todeliver his opening remarks, which will be followed up by review of PSBs.The bankers will hold discussions with Ministry ofElectronics and Information Technology, Ministry of Rural Development, Ministryof Ministry of Micro, Small and Medium Enterprises (MSME) and Ministry ofHousing and Urban Affairs officials. The bankers will particularly discusssteps to boost .
He said the government has maintained complete transparency in the matter
The Finance Minister asserted that no rules were bypassed and the Cabinet Committee on Security's approval was taken for the deal
Jaitley added that bankers cannot be punished for honest decisions taken with commercial prudence that turned out to be erroneous or commercially unsuccessful with the passage of time
Urging people to read the reports, he said the system has been substantially cleaned up and made more transparent
Arun Jaitley is set to take back charge of Finance and Corporate Affairs Ministry at 11 am today
"India's foreign exchange reserves are comfortable by global standards, and sufficient to mitigate any undue volatility in the foreign exchange market", says Jaitely
Members of Parliament cutting across party lines welcomed him back in the House by thumping their desks
Jaitley has been active on social media for the last few weeks, from taking on Opposition parties to writing on issues, including cuts to the goods and services tax rates
Stating that Rahul Gandhi missed a great opportunity, Jaitley said "if this was his best argument for 2019, God help his party".
Arun Jaitley says that the recent developments in Karnataka were a consequence of a non-ideological opportunistic alliance with no positive agenda
A latest World Bank report has said that the Indian economy has become world's sixth-biggest economy