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.
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Replying to a debate on Budget 2018-19, the minister said that a lot of things have changed since the NDA government took office in May 2014.
There was high drama in the Lok Sabha as soon as Finance Minister Arun Jaitley stood up to reply to the budget discussion.
Presenting his last full budget before the general elections due in early 2019, Jaitley proposed to tax LTCG on equities exceeding Rs 1 lakh at 10 per cent, which is expected to bring in revenue of Rs 20,000 crore.
Finance Minister Arun Jaitley also advised Congress chief Rahul Gandhi to "learn" from former defence minister Pranab Mukherjee "lessons on national security."
The Budget 2018-19 was presented in the Parliament on February 1. This was the last full budget of the ruling BJP-led NDA government before 2019 Lok Sabha polls.
Finance Minister Arun Jaitley said that lowering interest rates is a decision entirely in the domain of banks.
Jaitley said that the corporate tax rate can be brought down to the promised 25 per cent only after all the previous exemptions granted to industry had ended.
Replying to questions from Rajat Sharma in the show Aap Ki Adalat, to be telecast tonight on India TV, Jaitley said: "Sometimes goods economics can be good politics, and it is not necessary that they should be contradictory.
According to Jaitley, this phase of "consolidation" will be led by the Micro, Small & Medium Enterprises (MSME) sector.
The 'National Health Protection Scheme' will be funded with 60 per cent contribution coming from the Central government and the remaining from the states.
Arun Jaitley said that 10% tax levied on Long Term Capital Gains alone will fund both the hike in farmers' MSP and the ambitious National Health Protection Scheme.
The company plans to use the money to build farmer networks, expand deeper into existing cities, and to hire new hands, the company said in a statement today, adding it employs 16,000 currently.
Joint Registrar Rakesh Pandit said that he went through the records of the suit and found that the Union minister was called on eight different dates and over 250 questions were put to him during his cross examination by the chief minister.
Speaking at India TV's Samvaad conclave, organised to discuss this year’s Budget, BJP spokesperson Sambit Patra said that this is for the first time when people are discussing about healthcare and not tax.
Market mood suffered another setback after Fitch Ratings today said high debt burden of the government constrains India's rating upgrade.
"To have a stressed agriculture sector and ramshackle infrastructure does not serve the country's interests," Jaitley said.
Heaping praises on Narendra Modi, Javadekar also said, “Rajiv Gandhi said poor gets Rs 15 from the Rs 100 that I send. Now poor gets full Rs 100 that Modi ji sends”.
Yoga guru Baba Ramdev today said that the middle class is not happy with the Union Budget 2018-19, which was presented by the Modi government on Thursday.
India TV, country’s leading Hindi news channel, hosted “Budget Conclave 2018”— a day-long event where leaders of the ruling BJP government and the Opposition brainstormed over the Union Budget 2018-19.
The total expenditure on central sector schemes and projects carried out by the ministry has been estimated at Rs 71.36 crore. For the year 2017-18, it was Rs 68.86 crore, however it was increased to Rs 87.64 crore in the revised Budget.
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