Tag Archives: arun jaitley

Why OROP Issue Was a Pre-poll Miscalculation by Modi?

The One Rank One Pension (OROP) scheme that was hanging on the Finance Ministry for over five years, both the Congress-led UPA government and the BJP-led NDA government under Narendra Modi should own the responsibility for perpetuating it despite full knowledge that it was beyond mere political calculations involving a huge dent on the exchequer. While the Congress relented just ...

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India Keen on Balanced Climate Change Pact: Prakash Javadekar

Prior to the 2015 United Nations Climate Change meeting, India has started to collaborate with several countries as it profoundly looks forward to guarantee a fair and equalized contract at the summit, scheduled to be held in December. Union Environment Minister, Prakash Javadekar declared this at the Lok Sabha yesterday. He informed that the government was already in the course ...

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‘One Rank One Pension’ Protests Hit Streets as Finance Ministry Finds ‘No Funds’

The One Rank, One Pension (OROP) implementation delay has led to protests by ex-servicemen on Sunday demanding implementation of the policy that was approved by the Congress government, assured by PM candidate Narendra Modi in 2013, but failed to figure in the Budget allocation this year. The sensitive implentation of OROP entails uniform pension benefits for those defence personnel who ...

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What’s Goods, Services Tax (GST) ?

Finance Minister Arun Jaitley on Friday moved a bill for debate and passage to amend the constitution and allow a single goods and services tax regime for the cuntry that will subsume all central and state levies and create a single Indian market. The Constitution (122nd Amendment) Bill, 2014, was placed before the Lok Sabha, the lower house of parliamment ...

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One Rank One Pension Scheme Accepted but Legalities Pending: Minister

The principle of One Rank One Pension for the Armed Forces has been accepted by the government, said defence minister Manohar Parrikar in a written reply to a question in the Lok Sabha on Friday. The modalities for implementation have been discussed with various stakeholders and are presently under consideration, the financial implication need to be calculated, once the modalities ...

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13% Increase in Allocation for Education in Budget?

Giving a boost to higher learning and with the promise of providing one major central institute in each state, India has earmarked Rs.26,855 crore for higher education, an increase of over 13 percent over last year, not revealing how much percentage in overall budget. For the year 2015-2016, the government allocated Rs.26,855 crore to the department of higher education under ...

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Budget 2015-16 Full Text

Here is the full text of Budget speech by Finance Minister Arun Jaitley: “Madam Speaker, I rise to present the Budget of the Union for the year 2015-16. 2. I present this Budget in an economic environment which is far more positive than in the recent past. When other economies are facing serious challenges, India is about to take-off on ...

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Budget Live: Finance Minister Presenting Budget in Lok Sabha

Union Finance Minister Arun Jaitley reached parliament with the iconic briefcase containing the budget papers at 10 am this morning and he will present his first full-year budget for the fiscal 2015-2016 at aound after 11.00 am, unless the opposition allows without too many interruptions. One of the notable absentees will be Congress leader Rahul Gandhi, who has taken leave ...

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Sensex Moves up Slightly Ahead of Budget Presentation by Finance Minister

Sensex, the 30-scrip Sensitive Index (Sensex), on Saturday surged 213.71 points or 0.73 percent in the early session ahead of the Union Budget presentation by Finance Minister Arun Jaitley in parliament at 11:00 am. The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 56.85 points or 0.64 percent up at 8,901.45 points. The Sensex of the ...

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