In a written reply to the Rajya Sabha on Tuesday, Arun Jaitley informed that at the time of demonetisation, high denomination notes of Rs 500 and Rs 1,000 amounting to Rs 15.44 lakh crore were in circulation.
Jaitley said the modalities of giving the special package were agreed way back in September 2016 but the state government only in January this year suggested a change in route of receiving funds, to which the Centre agreed but has not heard from it.
Companies linked to Nirav Modi obtained Letters of Undertaking (LoUs), which were used to get loans from overseas branches of Indian banks, up to five guarantees on a single day.
Today was the last day for filing of nominations for the biennial elections. Voting will be held on March 23 and the last date for withdrawal of candidature is March 15.
Apart from Jaitley, the other Rajya Sabha candidates announced by the BJP from Uttar Pradesh are Ashok Bajpai, Vijay Pal Singh Tomar, Sakal Deep Rajbhar, Kanta Kardam, Anil Jain, Harnath Singh Yadav and GVL Narasimha Rao.
He said mere statements should be avoided as those who fail to prove their charges against others often lose credibility.
Under the GST regime, an e-way bill needs to be generated and carried for movement of all goods valued at over Rs 50,000.
TDP on Thursday pulled out of the Modi government but kept a window open for rapprochement by deciding to remain part of the NDA.
The two ministers drove to Prime Minister Narendra Modi's residence and handed over their resignations in accordance with the party's decision to resign over the TDP's charge that the Centre was not granting special status to Andhra Pradesh.
As per the numbers in the Gujarat Assembly, only two members from the BJP can be sent to the Rajya Sabha. So, the party opted to nominate Jaitley from Uttar Pradesh.
"At that time, special category state concept did exist. But, according to 14th Finance Commission there is no special category status now to be given," the finance minister added.
Noting that the effective use of technology is helping the accounting system by making tasks easier, Jaitley exhorted Indian Civil Accounts Service personnel to maintain the highest standards of efficiency and accuracy.
A single rate of GST in India “can’t work at the moment” due to vast disparities in the country’s society, Jaitley said while replying to queries from the audience at the India-Korea Summit here.
The official said Jammu and Kashmir Governor N N Vohra, the chancellor of the university, and Chief Minister Mehbooba Mufti will also attend the convocation.
In light of the PNB scam, the industry chambers Ficci, Assocham and CII have urged the government to surrender its majority control of banks and allow them to function like private sector lenders.
Speaking on the scam for the second time this week, he said employees conniving with fraudsters is worrisome. Also worrisome is that no red flag was raised. Regulators should have a "third eye" open to detect and check such frauds.
Breaking his silence over the fraud at country’s second-biggest bank, Jaitley on Tuesday said that the state was duty-bound to ensure those cheating the system are brought to justice.
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