Congress and BJP sparred over Ram Nath Kovind's maiden speech where the new President skipped mention of India’s first Prime Minister Jawaharlal Nehru.

Justice Manmohan asked Kejriwal's counsel to ensure that during cross-examination "no indecent or scandalous" questions were raised and Jaitley was not abused.

Heated arguments followed soon after Deputy Chairman P J Kurien permitted Anand Sharma (Congress) to raise his point under rule 267

“Salute to the valour of our soldiers on #KargilVijayDiwas,” Jaitley tweeted on the occasion.

The development comes in the backdrop of reports that Kejriwal had on Monday told the Delhi High Court that he never asked his counsel to use objectionable words against the Union minister during the hearing of the case in May.

A total of 133 companies with outstanding dues of Rs 500 crore or more under direct and indirect taxes owed over Rs 3,39,704 crore approximately to the exchequer as on March 31, 2017, the FM informed Parliament

The government has recently delegated power to the Vice Chief of Army to directly procure 46 types of ammunition to fight short and “intense wars” without going to the Defence Ministry.

Jaitley said the country had reconciled to a Indian normal - a very large number of tax non-compliance and very large amount of transaction which took place outside the system.

Jaitley said for the past 70 years, Indian democracy has been funded by "invisible money".

Responding to supplementary queries, Jaitley said the task force on shell companies has submitted its recommendations and actions are being taken.

Finance Minister Arun Jaitley today informed Parliament that the government is considering changing financial year to January-December from the April- March.

Jaitley said that information on 628 Indian persons holding bank accounts in HSBC bank in Switzerland was received from the government of France.

Arun Jaitley pointed out that that the central government could not be blamed for violence by “some people” as it was the responsibility of the state governments to deal with such issues.

Finance Minister Arun Jaitley today described the Goods and Services Tax (GST) as a "win-win" deal for all as it will expand the tax net, end "inspector raj" and bring down prices of goods.

Data available from the NCRB indicates that 1.58 lakh notes of fake currency, having a face value of Rs 11.23 crore, have been detected in 29 states post demonetisation until July 14.

The textile industry has been demanding exemption under the GST, saying that the sector has never been taxed.

Jaitley today said that the Goods and Services Tax (GST) is a very simple tax and several misunderstandings are being spread about this new taxation system.

A range of issues, including expanding cooperation between armed forces of the two countries, were discussed in the meeting between Jaitley and Gen Hlaing, who is commander-in-chief of the Myanmar Defence Services.

Rajnath Singh and BJP President Amit Shah were also present in the meeting.

Union Defence Minister Arun Jaitley on Monday condemned the Amarnath terror attack, terming it the "most reprehensible act", and calling for ‘elimination of terrorism’