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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Without naming the noteban and GST rollout, Jaitley said the process of making a cleaner economy is set in motion to achieve the aspirations.
Arun Jaitley said the economic growth will only bring in the resources which are needed for the aim of poverty alleviation.
Referring to Rs 2.11 lakh crore recapitalisation of ailing PSU banks, Chidambaram asked “why was the process of bank recapitalisation needed if the govt believes the economy is strong”.
Jaitley's remarks came in the wake of some recent judgements like that on the national anthem and the social media, where the judiciary adopted a different approach than in the past.
The mandatory use of PFMS will go a long way in ensuring that benefits of government schemes reach the last mile, Finance minister Arun Jaitley said.
"Dear Jaitley, due to demonetisation and GST, economy is in ICU (Intensive Care Unit). You say that are no less from anyone but even your remedies are not effective," Gandhi said in a tweet.
Rahul Gandhi once again used his movie analogy on Wednesday to take a jibe at Arun Jaitley, who unveiled a Rs 9-crore plan to boost the Indian economy on Tuesday.
"This is for the first time structural reforms is being undertaken. It has nothing to do with politics. It is a long-term plan and it has nothing to do with Gujarat elections," Jaitley said.
The government, on Tuesday, announced a capital infusion of Rs 2.11 lakh crore in state-run banks over a period of two years.
Tuesday's big package announced by Arun Jaitley was meant to give a concrete reply to the naysayers.
Finance Minister Arun Jaitley is addressing the media on demonetisation, economy, Kashmir and other issues in New Delhi.
The infusion into PSBs will be based on twin parameters of 'performance and potential', the Finance Ministry said.
Interest burden of Rs 1.35 lakh crore recapitalisation bonds on the government would be about Rs 9,000 crore, Chief Economic Adviser Arvind Subramanian said on Tuesday.
Arun Jaitley on Tuesday announced a massive Rs 6.92 lakh crore infrastructure spending and another Rs 2.11 lakh crore for bank recapitalisation to revive investments as well as growth.
The Narendra Modi government on Tuesday approved an ambitious road construction and expansion programme of over 83,000 km over the next five years with an investment of about Rs 7 lakh crore.
Ashok Lavasa said 1.2 crore units under the Pradhan Mantri Awas Yojana or PMAY (Urban) would entail an expenditure of Rs 1,85,069 crore in three years.
Rahul Gandhi had, yesterday, termed GST as ‘Gabbar Singh Tax’ while addressing a rally atv the 'Navsarjan Janadesh Mahasammelan' in Gujarat's Gandhinagar.
Arun Jaitley said India has been the fastest growing major economy for the last three years and the attempt is to maintain high growth rate in coming years.
The Union Cabinet on Tuesday announced an aggressive Rs 2.11 lakh crore capital infusion for the NPA-hit public sector banks (PSBs) over a period of two years.
Finance Minister Arun Jaitley on Tuesday addressed a press conference in National Media Centre, New Delhi.
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