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Union Budget 2018 Full text of Arun Jaitley s speech Budget 2018-2019 Speech of Arun Jaitley Minister of Finance February 1, 2018 Section I Governance, Economy and Development Madam Speaker, 1.
FM Arun Jaitley pledge to maintain FY16 fiscal deficit target at 3.5 per cent of the GDP.
Finance Minister Arun Jaitley reportedly said that the government is looking only at State Bank of India merging 5 subsidiaries as well as Bharatiya Mahila Bank with itself.
After much back and forth between the Finance Minister Arun Jaitley and his state counterparts, and stalling as states demanded compensation for lost revenue, the government finally delivered on GST, with the roll out now set for July 1.
Jaitley, the Finance Minister of India, made a very relevant statement, “Today, you have a tax on tax, you have cascading eﬀect.
Logistics stocks on Tuesday’s trading session jumped as the Finance Minister Arun Jaitley during a press conference said that the GST switch-over will happen from June 30 midnight and roll-out on July-1.
The process of resolution of bad loans will start shortly, Finance Minister Arun Jaitley said in the Lok Sabha as it passed a bill which gives RBI the power to direct banking companies to resolve the problem of stressed assets.
Sentiments were bullish with Finance Minister Arun Jaitley ruling out any surprise in the tax rate in the Goods and Services Tax that is proposed to be rolled out on July 1 and also Asserting that there will be no cascading in Goods and Commodities, Which can even see tax rates coming down a little.
The Alternative Mechanism will be decided by Prime Minister Narendra Modi, Finance Minister Arun Jaitley said.