Former finance minister Arun Jaitley breathed his last on August 24, 2019. He was 66. Jaitley had been undergoing treatment at the AIIMS for several weeks. In the Vajpayee government (1998–2004), he held the cabinet portfolios of Finance, Corporate Affairs, Commerce and Industry and Law and Justice. Since 1991, he has been a member of the national executive of BJP and became the spokesperson of the saffron party during the period preceding the 1999 Lok Sabha election. From 2009 to 2014 he served as the Leader of the Opposition in the Rajya Sabha. He is also a senior advocate in the Supreme Court. Since 1987, he has been practicing law before the Supreme Court of India and several High Courts in the country. Early life: In 1973, Arun Jaitley graduated with a honours degree in commerce, BCom from Shri Ram College of Commerce, New Delhi. In 1977, he passed his LLB degree from the Faculty of Law, University of Delhi. At the Delhi University, Jaitley was an Akhil Bharatiya Vidyarthi Parishad (ABVP) student leader and in 1974, rose to be the President of the Students Union of Delhi University. He was under preventive detention for a period of 19 months during the period of proclamation of Internal Emergency (1975–77). After getting out of jail, he joined the Jan Sangh.
Read MoreSpeaking at Agenda Aaj Tak, he said that the government does not need a single penny from RBI's capital reserves during the current fiscal.
"Rahul Gandhi who tweets all the time, doesn't even welcome the court's decision. No Congress leader spoke on verdict. It proves that they don't have any regret on the matter," he said.
The finance minister told the Bharatiya Janata Yuva Morcha workers that the youth wing of the BJP should ensure the party again forms the government at the Centre under the "dynamic and able leadership" of the prime minister.
Jaitley said it was a challenging year, with world's largest economy not playing a stabilising factor, policies of some countries resulting in a trade war with no resolution in sight and the direct adverse impact of high oil prices on currency and trade deficit.
Jaitley’s statement came after the apex court dismissed all the pleas challenging the deal between India and France for procurement of 36 Rafale jets.
However, he questioned how a mere discussion on RBI's functioning could be considered "destruction" of an institution.
"The results are not on the expected lines... The results are certainly an opportunity for BJP leadership and cadres to pause and analyse", he said.
"We are not going to recall our any order. You deposit Rs 50,000 then only we will hear your any old or new petition," the bench which also comprised Justices S K Kaul and K M Joseph said.
Presently, the government and employees contribute 10 per cent of basic salary each to NPS.
The move is aimed at boosting exports of agriculture commodities such as tea, coffee and rice and increase the country's share in global agri-trade, Commerce Minister Suresh Prabhu said.
Jaitley said the opposition went overboard on the issue of CBI versus CBI and it did have a lack of understanding of the issue.
Nations across the world are now realising that increased trade helps not just the global economy but also its own economy, he said.
Jaitley said the CSO, in 2015, changed the way of calculating Gross Domestic Product (GDP). GDP growth rate estimates were revised from the year 2012-13 onwards with 2011-12 being the base year.
“The debate whether India should be a dynastic democracy has been ignited by a self-goal of the Congress Party," said Jaitley.
Jaitley, however, added that the extra funds, which may accrue from the new capital framework of the Reserve Bank, can always be used for poverty alleviation programmes over the years by future governments.
In a Facebook post titled “The Legacy Of 1984”, Jaitley accused the Congress government of allowing the militancy in Punjab to go unchecked, anticipating elections towards the end of 1984.
The state, under the BJP rule, has shed its "Bimaru" (backward, laggard) tag and become "aspirational", Jaitley said.
Jaitley said he saw the reality of state parties in the country, but the nucleus of the coalition should be a party with a large political base and not a miniscule political base.
“It is believed that Andhra’s move is not motivated by any particular case, but by the fear of what is likely to happen. I am not saying anything more than that at the moment,” he added.
Speaking to reporters after releasing BJP's manifesto in Bhopal ahead of the Madhya Pradesh Assembly Elections, Jaitley said that demonetisation has increased the tax return filings and also increased the revenue of the states and the Centre immensely.
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