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Tough days for those involved in illegal transfer of money across the border: Arun Jaitley

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By NewsGram Staff Writer

Speaking at a Enforcement Day function in Delhi, Finance Minister Arun Jaitley said that it will be harder days for those who indulge in illegal and illicit transfer of money across the border.

“World is moving towards transparent regime making it difficult to hide an illicit transfer of money through internet or other modes,” Jaitley said.

The Finance Minister also said that the world economy has moved quite closer in recent years and the countries across the world have decided through G-20 and other international forums to cooperate and coordinate with each other in such cases.

Talking about the issue of black money, Jaitley said that the present government has taken various steps to squeeze the black money including undisclosed assets within and outside the country.

“Our focus is on reasonable tax rates and ease of doing business for incentivizing people to abide by laws and avoid evasion of taxes etc,” Jaitley said.

The government in March had introduced “Undisclosed Foreign Income and Assets (Imposition of Tax) Bill, 2015” which provides for heavy penalty and stiff punishment of up to 10 years for stashing unaccounted funds abroad.

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GST Council Actively Discusses Relief Measures for Traders and Quarterly Return Filing

The state Finance Minister said that the Council was discussing the issues being faced by small traders.

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Goods and Services Tax (GST) Council is actively discussing relief measures for traders, (ians)

New Delhi, October 6, 2017 : The Goods and Services Tax (GST) Council is actively discussing relief measures for traders, including quarterly return filing and increasing threshold limit for Composition Scheme, sources said on Friday.

“Council members requested quarterly return filings for businesses with turnover less than Rs 1.5 crore,” a Council member said on the sidelines of its ongoing meeting.

The state Finance Minister said that the Council was discussing the issues being faced by small traders.

Raising the threshold limit for Composition Scheme from the current Rs 75 lakh to Rs 1 crore is also under discussion.

“Rs 1 crore threshold in the Composition Scheme is also supported by the GST Council members,” he said. (IANS)

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Delhi CM Arvind Kejriwal Rapped by Delhi High Court for Questioning Judge’s Decision

Arun Jaitley, represented by advocates Rajiv Nayar and Sandeep Sethi, filed a defamation suit against Kejriwal

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Arun Jaitley filed a defamation suit against Kejriwal and other AAP leaders. Wikimedia

August 26, 2017: Arvind Kejriwal, the Delhi Chief Minister, was rapped by the Delhi High Court today for questioning a judge’s decision to expedite defamation case filed by Finance Minister Arun Jaitley.

Also Read: Kapil Mishra Questions Arvind Kejriwal’s Absence in the Assembly Meet as Delhi CM skips Fourth Day in a row

Arun Jaitley accuses the AAP leaders of going against DDCA irregularities and disparaging Jaitley and his family on social media. Jaitley alleges that the AAP leaders have harmed his reputation and made defamatory statements.

The accused are Arvind Kejriwal, Kumar Vishwas, Sanjay Singh, Ashutosh, Raghav Chadha and Deepak Bajpai. The five AAP leaders had accused Jaitley of corruption charges as President of Delhi and District Cricket Association (DDCA).

Arun Jaitley, represented by advocates Rajiv Nayar and Sandeep Sethi, filed a defamation suit against Kejriwal.

On 26th July, the joint registrar was directed by the court to expedite the civil defamation suit.

Arvind Kejriwal’s advocate Anoop George Chaudhary was asked by the Judges why Arvind Kejriwal would file such a plea.

The bench comprising of Justice C Hari Shankar and Justice Gita Mittal explained that the high court was answerable to the Supreme Court about the delay of the case.


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UP Chief Yogi Adityanath Hails Centre’s Action for Raising Creamy Layer Bar for the Other Backward Classes (OBCs)

The government is going to set up a commission to implement sub-categorization within the central government reservation bracket for Other Backward Classes

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Yogi Adityanath, Wikimedia
  • Uttar Pradesh CM Yogi Adityanath hailed the actions of the government for raising the creamy layer bar for the Other Backward Classes
  • The central government raised the creamy layer bar from Rs 6 lakh to Rs 8 lakh p.a for OBCs
  • The decision is based on the recommendation of the National Commission for Backward Classes

Lucknow, Aug 24, 2017: Uttar Pradesh CM Yogi Adityanath hailed the actions of the government for raising the creamy layer bar for the Other Backward Classes (OBCs) for an equal distribution of reservation benefits.

“We are thankful to the Prime Minister and the Central Government for further categorizing the OBC and other castes as some of them weren’t able to avail the policies of reservations earlier,” he told ANI.

The central government on Wednesday raised the creamy layer bar from Rs 6 lakh to Rs 8 lakh p.a for OBCs for central government jobs and also declared setting up of a commission to work out sub-categorization.

ALSO READ: Decoding Reservation in India: Is it a Constitutional Flaw or Unnecessary Favor? 

The Commission will work on the following:  identifying the castes, sub-castes, and communities in the central list of the OBCs and dividing them into their corresponding sub-categories. The Commission will present the report within 12 weeks from the date of authorization of the chairman.

According to ANI, Finance Minister Arun Jaitley said the decision is based on the recommendation of the National Commission for Backward Classes (NCBC).

The ‘creamy layer’ is a ceiling which prohibits members of the OBC from availing reservations in employment. Currently, 27 per cent reservation in government jobs and seats in educational institutes if the income of the OBC family is up to Rs. 6 lakh.


NewsGram is a Chicago-based non-profit media organization. We depend upon support from our readers to maintain our objective reporting. Show your support by Donating to NewsGram. Donations to NewsGram are tax-exempt.