Union Minister Arun Jaitley exuded confidence that India will pip Great Britain to become the fifth largest economy in the world next year if economic expansion continues at the projected rate.
The government does not intend to go easy on its fiscal deficit targets by easing taxes on fuel or by spending more during an election year. Union minister Arun Jaitley said on Tuesday
The finance ministry held a crucial meeting with stakeholders of the power sector on Thursday to discuss ways to address issues faced by stressed power plants.
Finance minister Arun Jaitley is quite right to dismiss the chorus for a cut in central excise duties on petrol/diesel and to characterise this as a “trap” designed to “push India into an unmanageable debt.
To reduce dependence on oil as a revenue source, Union Minister Arun Jaitley today urged citizens to pay their due share of taxes “honestly”. He virtually ruled out any cut in excise duty on petrol and diesel saying it could prove to be counter-productive.
Finance Minister Piyush Goyal today vowed to quickly put on track the banking sector, which has been marred by scandals and bad debts that threaten to have repercussions for the broader economy.
After Amit Shah And Ajit Doval, Is ‘the Wire’ Planning To Target Arun Jaitley And His Daughter With A Shabby Hitjob?
ndia’s former Finance Minister, P Chidambaram and his son are fast sinking into their own quagmire. What can the ecosystem do to salvage the two? If not save them, can the ecosystem at least divert the attention of the country to save them from the ignominy of being the centre of attraction?
Finance Minister Arun Jaitley today exuded confidence that India would retain its position of fastest growing economy in the coming decades, like China did in the last three decades.
In the Budget 2018, Finance Minister Arun Jaitley cut excised duty on petrol and diesel by Rs 2 per litre and additional excise duty by Rs 6 per litre, but it still did not bring down the fuel prices in the country as it was balanced by the levy of a road and infrastructure cess of Rs 8 per litre.
But, the FM was confident that there would be no fiscal slippage next financial year, thanks to buoyancy in revenue.