Arun Jaitley

RBI Governor Urjit Patel's Surprise Exit Likely To Spook The Market: Experts

Business | Thomson Reuters | Monday December 10, 2018

The government and the RBI have been fighting for weeks over how much autonomy the bank should have as the administration of Prime Minister Narendra Modi seeks to reduce curbs on lending and to gain access to the RBI's surplus reserves.

"Will Miss Him": PM Modi Tweets His Farewell To RBI Governor Urjit Patel

India News | Edited by Jimmy Jacob | Monday December 10, 2018

Prime Minister Narendra Modi described Reserve Bank of India (RBI) Governor Urjit Patel as a "thorough professional with impeccable integrity" in a tweet today, minutes after the top central bank official resigned with immediate effect. His government was embroiled in a bitter clash with the RBI over autonomy issues until recently, a factor that ma...

Government Not Informed In Advance Of Urjit Patel's Decision: Report

Business | Vrishti Beniwal, Anirban Nag, Archana Chaudhary and Iain Marlow, Bloomberg | Monday December 10, 2018

Mr Patel, who succeeded Raghuram Rajan in September 2016 for a three-year term, has been at loggerheads with the finance ministry on matters including the banking crisis and interest rates.

Vijay Mallya To Be Extradited Rules London Court: 10 Points

India News | Reported by Radhika Iyer, Edited by Deepshikha Ghosh | Monday December 10, 2018

Fugitive tycoon Vijay Mallya can be extradited to India to face fraud investigations, a court in the UK ruled today. Vijay Mallya is wanted in India for defaulting on Rs 9,000 crore in loans to his failed Kingfisher Airlines. There was no sign of a false case being mounted against him, UK judge Emma Arbuthnot said. Calling it a great day for India,...

Urjit Patel Quits As RBI Governor Amid Feud With Government: 10 Points

Business | NDTV Profit Team | Monday December 10, 2018

Urjit Patel resigned as Reserve Bank of India Governor on Monday amid growing differences with the government over a range of subjects including the central bank's autonomy. "On account of personal reasons, I have decided to step down from my current position effective immediately," said the 55-year-old in the letter announcing his shock resignatio...

Vijay Mallya In UK Court For Decision On Return To India: 10 Points

India News | Reported by Radhika Iyer, Edited by Deepshikha Ghosh | Monday December 10, 2018

Whether fugitive tycoon Vijay Mallya will be extradited to India to face fraud investigations is likely to be decided by a court in the UK today. He is wanted in India for defaulting on Rs 9,000 crore in loans to his failed Kingfisher Airlines. He repeated to reporters that he was ready to repay 100 per cent the principle that he owes -- an offer h...

Notes Ban Zapped 86% Cash But Impact Was "Much Less": Arvind Subramanian

Business | NDTV Profit Team | Sunday December 9, 2018

Former Chief Economic Advisor Arvind Subramanian said the autonomy of the Reserve Bank of India must be protected because the country will benefit by having strong institutions.

Attractive Stressed Assets Up For Sale In India: Arun Jaitley

Business | Indo-Asian News Service | Friday December 7, 2018

Arun Jaitley said the government not only enacted the Code expeditiously but is also implementing it at an unprecedented pace.

Top Court Rejects Petition Against Arun Jaitley, Fines Lawyer Rs 50,000

India News | Reported by A Vaidyanathan, Edited by Shylaja Varma | Friday December 7, 2018

The Supreme Court has rejected a petition against Arun Jaitley over RBI reserves and has fined the lawyer who approached the court.

Arun Jaitley's "Cardinal Principles" For Probe Agencies Amid CBI vs CBI

India News | Press Trust of India | Tuesday December 4, 2018

Weeks after public bickering between two top CBI officials, Finance Minister Arun Jaitley Tuesday laid out cardinal principles for investigative agencies ranging from maintaining the utmost level of professionalism to remaining faceless and resisting the temptation of rushing to media when a probe starts.

Centre Had Evidence Before Nirav Modi, Mehul Choksi Fled: Rahul Gandhi

India News | Press Trust of India | Monday December 3, 2018

Congress president Rahul Gandhi alleged that the government had evidence to arrest Nirav Modi and his uncle Mehul Choksi months before they fled the country but did not do so as Finance Minister Arun Jaitley's daughter was hired as Choksi's lawyer.

On Forming J&K Government, Omar Abdullah's "Proxies" Jab At Arun Jaitley

India News | Press Trust of India | Friday November 30, 2018

National Conference or NC leader Omar Abdullah Friday said Union Finance Minister Arun Jaitley should explain BJP's attempt to form a government in Jammu and Kashmir through "proxies and defectors" rather than commenting on the NC's seriousness to support the PDP in government formation.

"Tail" Of Alliance Can Never Be "Nucleus": Arun Jaitley On Rahul Gandhi

India News | Indo-Asian News Service | Friday November 30, 2018

Terming the opposition's efforts to forge a grand alliance ahead of the 2019 Lok Sabha polls as a failure, Union Minister Arun Jaitley on Friday slammed the Congress, saying it can only be the "tail" of any alliance, but never the "nucleus".

10 Point Guide On The GDP Data Fight Between Government And Congress

India News | Reported by Sunil Prabhu, Edited by Deepshikha Ghosh | Thursday November 29, 2018

The government's revised GDP data, which downgrades figures of growth during the previous Congress-led UPA's rule, has provoked a new political bust-up ahead of the 2019 national election. As the Congress accused Prime Minister Narendra Modi and Finance Minister Arun Jaitley of "malicious and fraudulent jugglery to mask the true state of economy", ...

New GDP Data More Realistic, Says Arun Jaitley: Updates

India News | Thursday November 29, 2018

The government on Wednesday released the much-awaited back-series estimates for India's GDP which showed a lower rate of growth during the UPA years between 2005-06 and 2011-12 than what was estimated using the earlier methodology.