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Arun Jaitley slams Congress for delay in GST bill


New Delhi: Lashing out at the Congress party again for blocking a pan-India goods and service tax regime, Finance Minister Arun Jaitley on Saturday said some reform-oriented laws, nonetheless, were expected to be passed during the remaining three days of what has been a none-too-productive winter session of parliament thus far.

“The next three days are crucial with very important pieces of legislation coming up before our parliament,” Jaitley said here addressing the annual general meeting of the Federation of Indian Chambers of Commerce and Industry (Ficci).

Among the legislations listed by him, one was on the bankruptcy code and the other on arbitration.

Nonetheless, he said the steps taken by his government will prove to be beneficial. “We’re hoping that structural reforms undertaken will help us go to 8 percent growth in 2016-17,” he said, even as the mid-term economic survey released a day before had cut the prospect to 7-7.5 percent.

Jaitley’s speech had political content as well, notably on the effort in vain, thus far, to get the goods and services tax bill passed in the current parliament session. “I’ve no doubt in my mind that the attempt to delay the GST is entirely for collateral reasons,” he said.

“The only collateral reason I suspect is: ‘If I couldn’t do it, then why to let someone else do it’!” Jaitley exclaimed, but added: “A delayed GST is better than a flawed GST.”

As regards the legislations which the government wished the two houses to consider over the next three days, Jaitley said one of them sought to put India back on the global adjudication map for cases of arbitration as the costs of such litigation were enormous abroad.

“We’re bringing in a bill for fast-track arbitration, including single-member tribunals.”

He also referred to the proposed new bankruptcy code that aims to resolve cases of insolvency at the earliest so that amounts lent to such companies can also be recovered fast. The bill has proposed a timeline of 180 days, extendable by another 90 days, to resolve such cases.

Speaking at the event later, Jaitley’s deputy and Minister of State for Finance Jayant Sinha forewarned that low farm sector growth and the cost of implementing the pay commission recommendations together with a slow global expansion will prove to be taxing for his government next year.

“Next year is a challenging year. Headwinds of two major factors will be slowing us down,” Sinha said, adding the slowing farm output growth was the result of two successive years of bad monsoon and the global slowdown was hitting India’s merchandise exports.

He also said the government has its task cut out in meeting the fiscal deficit targets.(IANS)

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Court Asked Arvind Kejriwal if He Lied about Calling Arun Jaitley, a Crook

The court asked Kejriwal to abstain from "scandalous" and "indecent language"

The surge of 20 per cent price in water tariff will ,levied after the free quota of 20,000 litres
The surge of 20 per cent price in water tariff will ,levied after the free quota of 20,000 litres
  • Arvind Kejriwal was asked to clarify if he lied about calling Finance Minister, Arun Jaitley a crook
  • The Chief Minister is now supposed to offer his defense to the Delhi High Court
  • Jethmalani says that the Chief Minister owes him two crores for his appearances

New Delhi, Aug 23, 2017:  Aam Admi Party Chief Arvind Kejriwal was asked to clarify if he lied in court by pretending that he did not ask for abusive language to be used against Finance Minister Arun Jaitley, mentioned NDTV report.

Previously, Kejriwal stated in the court that he had not instructed his former counsel Ram Jethmalani to use  “crook” to describe the union minister in court. But Jethmalani claims that the Chief Minister used harshly insulting words to attack Jaitley.

Jethmalani declared that according to Jaitley, Kejriwal had misled the court by denying the allegations. In fact, he says Jethmalani has written to him to insist that was the case.
The Chief Minister is now supposed to offer his defense to the Delhi High Court.

In 2015, Jaitley sued Kejriwal and five top leaders of his Aam Aadmi Party for defamation after they accused him of corruption during his 13-year tenure as the top boss of the DDCA, the powerful cricket association that handles Delhi and its surrounding areas.  In two separate cases – criminal and civil – Jaitley has sought damages of 10 crores.

Also Read: Ram Jethmalani Exposes Arvind Kejriwal. Says, Kejriwal was Fixated on calling Jaitley Crooked 

During court the proceedings last month, Jaitley complained to Jethmalani’s language and said ‘Kejriwal’s team is delaying hearings in the Delhi High Court.’

The court asked Kejriwal to abstain from “scandalous” and “indecent language.”

After the Chief Minister said that he had not approved the abusive words, the lawyer riposted in a blog: “Ask your conscience how many times you used worse abuses than a mere ‘crook.’ You have hundred times asked me to teach this crook a lesson.”

Jethmalani says that the Chief Minister owes him two crores for his appearances. It seems that, in his new enmity with Kejriwal, he has become an indirect ally of Jaitley.

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