Gulf Times - Arun-Jaitley
Former Indian finance minister Arun Jaitley dies aged 66

Former Indian finance minister Arun Jaitley dies aged 66

Arun Jaitley, the former Indian finance minister and one of Prime Minister Narendra Modi’s closest associates, died in hospital on Saturday, nearly two weeks after he was admitted following breathing difficulties ...

India unveils budget for recovery, and the poor, after cash crackdown

India unveils budget for recovery, and the poor, after cash crackdown

India unveiled a budget on Wednesday to help the poor with hikes in government spending and cuts in taxes as Prime Minister Narendra Modi seeks to win back the sympathy of voters hit hard by his recent crackdown on "black money".

India braces for growth chill after Modi's cash crackdown

India braces for growth chill after Modi's cash crackdown

India on Friday predicted robust economic growth in the fiscal year that ends in March, but without fully accounting for the disruption caused by Prime Minister Narendra Modi's decision to abolish high-value old currency bills.

Indian villages to be given card-swiping machines

Indian villages to be given card-swiping machines

Tens of thousands of Indian villages will soon be equipped with card-swiping machines to boost cashless payments, the finance minister said on Thursday, a month after the government banned high-value banknotes.

India cash crunch to ease by year end, says Jaitley

India cash crunch to ease by year end, says Jaitley

Indian Finance Minister Arun Jaitley said on Friday that a cash crunch following the scrapping of high-value banknotes would ease by December 30 with the release of new 500 and 2,000 rupee notes.

Indians disclose $10bn in hidden wealth

Indians disclose $10bn in hidden wealth

Indians have declared almost $10bn in hidden wealth under a government amnesty on tax evasion, as part of Prime Minister Narendra Modi's moves to crack down on huge piles of black money.

India's landmark tax reform clears parliamentary hurdle

India's landmark tax reform clears parliamentary hurdle

India's upper house of parliament backed a major tax reform that seeks to transform the country into a common market, though opposition benches urged Finance Minister Arun Jaitley not to overtax businesses and consumers.

India to study mergers of state-run banks in efficiency push

India to study mergers of state-run banks in efficiency push

India will consider merging some of its more than two dozen state-run banks, the finance minister said on Saturday, as the government seeks to improve efficiency ...