GST will replace 16 current levies -- seven central taxes like excise duty and service tax and nine state taxes like VAT and entertainment tax -- thereby creating India as one market with one tax rate.

Defence Minister Arun Jaitley on Wednesday asked the security forces to go “all out” against militants and terrorists in Jammu and Kashmir and target them wherever they are.

Defence Minister Arun Jaitley today asked the Army to remain prepared to give a befitting reply to any misadventure from across the border.

The Income Tax department has identified at least one lakh “high-risk individuals” with more than Rs 1.72 lakh crore deposits in their bank accounts

Finance Minister Arun Jaitley said the day of reckoning has come for many and they will be held accountable for their misdeeds.

The government on Tuesday launched a website which will provide details of raids besides rating defaulters in various categories.

Defence Minister Arun Jaitley today said that the sacrifice of young Kashmiri Army officer reiterates the nation's commitment to eliminate terrorism.

Jaitley said that India and Japan will pursue strategic partnership for regional peace and stability.

In an interview to PTI, he said the farm sector is in distress and there was no question of taxing agricultural income.

Jaitley, who is in Japan, said that the government was already re-assessing recapitalisation requirement of the banks.

Pointing out that a rich farmer is “a very rare institution” and not the norm, Finance Minister Arun Jaitley today said that the government has no plans to tax agricultural income.

Finance minister Arun Jaitley's remarks expressing reservations over China's One Belt, One Road (OBOR) initiative ahead of a major meeting on the project in Beijing brings out the unease in India-China relations over a range of political issues.

A firm push from the Prime Minister’s Office and Defence Minister Arun Jaitley has opened the gates for the private sector to play a key role in the production of weapon systems for the armed forces.

Jaitley hoped that the GST would roll-out as scheduled by July 1. "July looks likely because state after state is approving State GST. By the end of May all state laws approval looks likely."

This was the first instance of leaders of the two nations sharing dais in the midst of what is being dubbed as the worst crisis brewing in South Asia since the Mumbai terrorist attacks of 2008.

The Finance Minister, who is India's Governor on the ADB Board, is here to attend the annual meeting of the Board of Governors on the occasion of its 50th anniversary.

The government has also issued a separate order authorising the RBI to exercise jurisdiction under Section 35AA under the ordinance that aims at tackling the mounting bad loans estimated at over Rs 6 lakh crore in the case of public sector banks.

Jaitley had yesterday rubbished Pakistan's claim that its military was not involved in mutilating the bodies of two Indian soldiers at the LoC, asserting that the denial of the ‘barbaric act’ carried no credibility.

India today rubbished Pakistan's claim that its military was not involved in mutilating the bodies of Indian soldiers.

Defence Minister Arun Jaitley strongly reacted to the mutilation of the bodies of two Indian soldiers by Pakistan Army and said that armed forces will react appropriately to such acts of barbarism.