Finance Minister announced cut petrol,diesel prices 
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Finance Minister announced cut petrol,diesel prices 

Finance Minister announced cut petrol,diesel prices  Finance Minister Arun Jaitley today announced marginal relief for citizens from runaway fuel prices with a oil duty cut of Rs. 1.50 and another Rs. 1 drop in what the government charges from oil marketing firms. He blamed rising crude oil prices in the …

Arun Jaitley said PMJDY scheme doubles limit
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Arun Jaitley said PMJDY scheme doubles limit

Arun Jaitley said PMJDY scheme doubles limit The government on Wednesday decided to make the Pradhan Mantri Jan Dhan Yojana (PMJDY) an open-ended scheme and added more incentives to encourage people to open bank accounts. Briefing reporters about the cabinet decision, Finance Minister Arun Jaitley said as the …

Budget session of Parliament likely to begin on January 31
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Budget session of Parliament likely to begin on January 31

The Cabinet Committee on Parliamentary Affairs today recommended holding of the Budget Session from January 31 when the government is likely to table the Economy Survey followed by the Union Budget on February 1. Budget session’s first phase is now expected to begin on January 31 and end on February 9. The …

India needs lower level of taxation to be globally competitive: Jaitley
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India needs lower level of taxation to be globally competitive: Jaitley

Finance Minister Arun Jaitley said on Monday, highlighting the need to have lower level of taxation, that lower tax levels will make it competitive globally. “What you need is lower level of taxation, to provide services more competitive in nature. Competition is not domestic, it is global. This is one …

Govt has no intention to impose long-term capital gains tax: Arun Jaitely
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Govt has no intention to impose long-term capital gains tax: Arun Jaitely

Finance Minister Arun Jaitley on Sunday clarified calm the frayed nerves by explaining that the government had no intention to impose tax on long-term capital gains from share transactions. In his speech at the National Institute of Securities Market on Saturday, prime minister Narendra Modi had hinted at …

EC urges govt to ban anonymous contributions of Rs 2,000 and above
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EC urges govt to ban anonymous contributions of Rs 2,000 and above

Seeking to check the use of black money and money laundering in polls, the Election Commission has urged the government to amend laws to ban anonymous contributions of Rs 2,000 and above made to political parties. While there is no constitutional or statutory provision on the receipt of anonymous donations to …

Constitutional compulsion to roll out GST by Sep 16 next year: Arun Jaitley
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Constitutional compulsion to roll out GST by Sep 16 next year: Arun Jaitley

Union Finance Minister Arun Jaitley said on Friday it was a “constitutional compulsion” to roll out the Goods and Services Tax before September 16, 2017, reported PTI. He added that since the existing indirect tax system will cease to exist by September next year, it will be impossible to run the country without …