A question was also asked in reference to a CAG report which had stated that the defence forces have ammunition that can last for 20 days in an event of a war, instead of the minimum requirement of 40 days.

Jaitley, who also holds the Finance and Defence portfolios, told the Lok Sabha that there is no definition for shell companies under the Companies Act but such entities are used for round tripping of money.

The Defence Minister exuded confidence that Indian soldiers have capabilty to keep the country secure, may it be challenges on the eastern border or the western border

With pressure building up from states, the Goods and Services Tax (GST) Council will soon start publishing rates of various products to prod companies to pass on gains, including those from input tax credit

Union minister Arun Jaitley today alleged that incidents of violence always increased Kerala whenever the LDF came to power.

The family members of the victims, who belonged to the CPI-M and killed in different parts of the state, staged the dharna demanding that the Union minister visit their homes too and listen to their woes

Under GST, goods and services providers will get the benefit of input tax credit for the goods used, effectively making the real incidence of taxation lower than the headline taxation rate.

Arun Jaitley said more than 71 lakh central and state taxpayers have migrated to the Goods and Services Tax (GST) system and have completed registration.

India needs to pump in huge amount of funds in sectors like health, education, rural infrastructure and irrigation, Jaitley said at the launch of a book, 'India Transformed - 25 Years of Economic Reform' here.

Replying to a debate on the bill, Jaitley said the RBI has already identified top 12 loan defaulters and more cases will be taken up by them for resolution

High interest rate on savings and fix deposits was during a time when inflation was 10-11 per cent. So when the lending rate came down, so did savings account, Jaitley said.

Finance Minister Arun Jaitley, who spoke on the issue in both the Houses, said that no search operation was conducted at the resort in Karnataka where Gujarat Congress MLAs are staying.

Congress members today disrupted the proceedings in Parliament today protesting the IT raids against a Karnataka Minister, as Finance Minister Arun Jaitley told them not to link the searches with Rajya Sabha polls in Gujarat

"The money in foreign countries was reported from four sources, including HSBC, International Consortium of Journalists and Panama Papers. These details need documents. Otherwise there is no proof,” Arun Jaitley said.

GST Council will finalise a mechanism to operationalise anti-profiteering clause in meeting next week, Finance Minister Arun Jaitley said today.

Finance Minister Arun Jaitley on Sunday said the government would not blink first against the opposition if there are larger national interests involved.

Just a month into the new tax regime, the number of registrations under the Goods and Services Tax (GST) crossed the 10 lakh mark on Saturday

The six-member MPC of the RBI headed by Urjit Patel will meet on August 1-2 in Mumbai for the third bi-monthly policy review of the fiscal.

Asserting that any shortage in terms of arms and ammunition would be expeditiously made up, the minister said the observations by the Comptroller and Auditor General (CAG) about ammunition supplies was for a particular period.

The cost was imposed after Kejriwal failed to file his response on a fresh Rs 10 crore defamation suit filed by Union minister Arun Jaitley over use of an objectionable word allegedly by the CM's lawyer