According to a report by Bloomberg, the Central government is considering a plan to transfer cash to farmers instead of offering subsidies on various agricultural inputs. Finance Minister Arun Jaitley had budgeted 701 billion rupees for farm subsidies in the year ending March 31.
Prime Minister Narendra Modi government is planning to club all farm subsidies including fertilizer costs and instead pay farmers cash, the people said asking not to be identified as the discussions aren’t public. read more
The medium-term fiscal policy statement in the 2018 budget projected 7.2% GDP growth in 2018-19, and with higher exports and services growth, India is on its way to achieving sustained growth of 8%, finance minister Arun Jaitley said then. read more
While addressing a seminar on Rafale aircraft in the national capital, Union Defence Minister Nirmala Sitharaman said, “Between 2014 and today, in the purchases (in defence), including the ones done by Goa Chief Minister Manohar Parrikar and Union Finance Minister Arun Jaitley, we deliberately not had any middleman coming into the corridors of South Block. She also spoke about how the opposition called the Indian Air Force Chief a ‘liar’ for calling Rafale a ‘good aircraft’. (Hindustan Times)read more
On the opposition’s grand alliance (mahagathbandan), finance minister Arun Jaitley said the ‘Nawabs of Negativity’ may come together, but they wouldn’t hold together or carry much credibility among the people. read more
Listing achievements of the Modi government, Jaitley said, India has improved its position in the “ease of doing” business ranking from 142 to 77 and now nurtures an ambition to be seen among the first 50 countries. read more
Finance minister Arun Jaitley may double the income tax exemption threshold for salaried class from the current Rs 2.5 lakh to Rs 5 lakh and reinstate tax-free status for medical expenses and transport allowance in the interim budget. read more
Arun Jaitley asked BJP workers to the take the party’s ideology and performance of Narendra Modi government to every house and foil, using facts, Opposition’s attempt to create a false narrative. read more