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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Arun Jaitley said the reforms undertaken by the government have resulted in raising the Foreign Direct Investment and made it easier to do business in the country.
Finance minister Arun Jaitley today announced a hike in customs duty on mobile phones to 20 per cent from 15 per cent in a bid to boost local value addition in domestic electronics manufacturing.
The Finance Minister said that to cater to the growth of Bengaluru metropolis, the government has planned a suburban rail network of 160 km at an estimated cost of Rs 17,000 crore.
A slower broadening of the tax base after the note-ban and GST implementation as well as weather- related impacts on crops could contribute to revenue slippage, it warned.
Finance Minister Arun Jaitley on Thursday announced the launch of the Gobar Dhan scheme to manage and convert cattle dung and solid water into compost and bio-fuel.
In the Budget 2017-18, Jaitley had reduced the income tax rate to 5 per cent from 10 per cent under the income slab from Rs 2.5 lakh per annum to Rs 5 lakh per annum.
The Delhi Govt was given Rs 449.99 crore as central assistance in the Budget presented by Finance Minister Arun Jaitley in Lok Sabha.
According to Jaitley, the government has approved the listing of 14 CPSEs (Central Public Sector Enterprises), including two insurance companies, on the stock exchanges.
After the House was adjourned, former prime minister Manmohan Singh walked up to the Finance Minister and greeted him for his budget presentation.
The government has hiked customs duty on numerous consumer goods.
Presenting the Budget, FM Jaitley said that the fiscal deficit will overshoot to 3.5 per cent from the earlier estimate of 3.2 per cent in the current fiscal, ending March 31.
Finance Minister Arun Jaitley announced a capital expenditure of Rs 1.48 lakh crore for the Indian Railways in his Budget 2018 speech, the largest ever.
56 unserved airports and 31 unserved helipads will be connected under UDAN scheme, Jaitley said.
Congratulating Finance Minister Arun Jaitley and his team, Modi said farmers, Dalits and tribal communities will gain from the budget.
Unveiling the Union Budget 2018-19, the Modi government today kept the personal income tax slabs unchanged, while allowing a standard deduction of Rs 40,000.
The Finance Minister also announced automatic revision of salaries of Member of Parliament every five years, indexed to inflation.
The announcement regarding this was made by Union Finance Minister Arun Jaitley during his Union Budget presentation in Lower House of Parliament.
"We are now a $ 2.5 trillion economy, and we are firmly on path to achieve 8 per cent plus growth soon," Jaitley said.
In a boost to the healthcare sector, the government today announced that two crore more toilets will be constructed under the ‘Swachh Bharat Mission’, a flagship programme of the Modi government aimed at cleanliness.
Highlights of the Union Budget for 2018-19 presented in the Lok Sabha by Finance Minister Arun Jaitley on Thursday:
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