With barely a week left for the 2019-20 Budget, the government Wednesday gave additional charge of Finance and Corporate Affairs portfolios to Railways and Coal Minister Piyush Goyal.
Nations are built by those with positive mindsets and a national vigour, not by the 'Compulsive Contrarians', he wrote in a Facebook post without naming Congress or other opposition parties.
The Goods and Services Tax was implemented w.e.f. 1st July, 2017. It hasn’t completed eighteen months of implementation as yet. The GST has been at the receiving end of a lot of ill-informed and motivated criticism. What has been its real performance?
Finance Minister Arun Jaitley Sunday said minimising bad loans alone can ensure adequate credit flow to small businesses and the troubled NBFCs and also help take care of the liquidity concerns in the market,signalling a thaw in its fraught ties with the Reserve Bank.
The GST implementation was a "monumental reform" which had disruptions impact on growth only for two quarters, Finance Minister Arun Jaitley said, hitting out at "critics and cynics" who blame it for hurting the GDP expansion.
The disinvestment department will soon come out with guidelines for sale of 'enemy shares' after consulting enforcement agencies of the revenue department, which have experience in auctioning confiscated properties.
Finance Minister Arun Jaitley said demonetisation resulted in formalisation of economy and increased tax base, prompting the government to earmark more resources for the poor and infrastructure development.
The Union Cabinet approved the mechanism and procedure for sale of over 6.5 crore "Enemy Shares" lying unutilised since 1968.
The finance ministry said that GST refund of Rs 82,775 crore to exporters has been cleared as on October 31, which is 93.8 per cent of the total such claims with the tax authorities.
Hitting back at the Opposition for criticising demonetisation, Finance Minister Arun Jaitley said the "prophets of doom" have been "conclusively proved wrong" with India retaining its position as the fastest growing economy for the fifth year in a row.