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<ul><li>The former Finance Minister of India succumbed to sustained illness today (August 24).</li><li>For a politician who never won an election, Jaitley remained largely relevant and influential throughout his career spanning decades.</li><li>Jaitley famously backed Narendra Modi in his early days and even when the party's leadership denounced the latter, he stoody by Modi.</li><li>In a world where friendships are forged with secrets and power, Jaitley was everyone’s confidante, philosopher, and guide. </li></ul>India’s former Finance Minister Arun Jaitley passed away after sustained illness at the age of 66 after an impressive political career spanning decades when he never won an election but was always relevant and maintained his deep influence in Indian politics. Jaitley, along with the former Foreign Minister, the late Sushma Swaraj -- <a href="https://www.businessinsider.in/sushma-swaraj-indias-former-foreign-minister-passes-away-at-the-age-of-67/articleshow/70561044.cms" data-type="tilCustomLink" target="_blank">who passed away earlier this month</a>-- were instrumental in keeping the Bharatiya Janata Party relevant, as an opposition party, in the ten years preceding 2014 when Narendra Modi swept to power as India's Prime Minister. Modi himself owes a lot to Jaitley for his rise to political prominence in India. Not just Modi, even the BJP's harshest critics found it way easier to deal or negotiate with Jaitley. A very apt example of Jaitley's realpolitik, his ability in the <a href="https://www.livemint.com/Politics/1JEYCQDdw88BvxjCIHATxK/Reforms-are-the-art-of-the-possible-Arun-Jaitley.html" data-type="tilCustomLink" target="_blank">'art of the possible'</a>, is the rollout of the complicated Goods and Services Tax (GST) in 2017, through the GST Council-- which Jaitley led until May 2019-- where Jaitley had to convince state governments with conflicting interests to find a common ground. It is not possible to be a successful politician or a lawyer without making a few enemies. But the smooth-talking Arun Jaitley, who studied at St Xavier's and Shri Ram College of Commerce, wore both these hats causing little or no animosity around him. Paradoxically, Jaitley was also sharp-tongued and temperamental by nature but he dictated his mood and not the other way around. When the Supreme Court struck down an Act which intended to break the age-old collegium system of appointing higher judiciary, Jaitley was quick to call it the “tyranny of the unelected”, something he knew it will be thrown back at him for his electoral failures. Jaitley remained an nominated member of the Rajya Sabha, the upper house of Indian Parliament, from 2000 to 2018 as he never won an election. The Former Chief Justice of India, RM Lodha, did taunt him in <a href="https://www.youtube.com/watch?v=tD2GNu556aA" data-type="tilCustomLink">a televised national debate in 2015</a>. But Jaitley was prepared and he knew how to direct the debate in the direction he wanted. That was his skill, the ability to know the strengths and weaknesses, not just of himself but of his rivals too, like few else can. Watch the riveting debate between Arun Jaitley and Former Chief Justice of India RM Lodha over the National Judicial Appointments Commission in 2015. 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 <div type="Youtube" id="tD2GNu556aA" title="NJAC Debate with Arnab Goswami | Legislature Vs Judiciary | Arun Jaitley Vs Justice R M Lodha - Full" thumbUrl="https://i.ytimg.com/vi/tD2GNu556aA/mqdefault.jpg"></div>













































 Jaitley could see the future and he placed his bets, and made friends, accordingly right from the days as a student politician, to when he became a lawyer and later, the member of the Bharatiya Janata Party (BJP). Jaitley was Vajpayee’s man who stood by Modi Years before Narendra Modi became the Prime Minister and was barely a politician of any significance, Jaitley became his friend. Modi was living out his exile from Gujarat politics in 1995 at the BJP party headquarters in Delhi, when he met Jaitley--who was then called ‘Vajpayee’s man’. Jaitley had lobbied for <a href="https://www.outlookindia.com/magazine/story/ties-that-bind/291379">Modi and turned </a>instrumental in making him the chief minister and later the country's Prime Minister. And his ability to network was so slick that even when he chose sides, he made no foes. For one, he chose Modi over LK Advani as the Prime Ministerial candidate in 2013, and yet remained close to the latter. Years later, everyone came to know Jaitley as Modi’s man. The current Prime Minister had so much confidence in Jaitley that during the first five years of the Modi government, Arun Jaitley held the portfolios of Finance, Corporate Affairs, Defence, and Information and Broadcasting-- and at times he was in multiple important portfolios simultaneously. A <a href="https://caravanmagazine.in/sports/rajat-sharma-the-ddca-and-the-perks-of-a-close-friendship-with-arun-jaitley" data-type="tilCustomLink" target="_blank">similar friendship forged with Rajat Sharma</a>, the founding editor of India TV, one of India's most influential television channels, lasted Jaitley's lifetime. Sharma reportedly used to drive Jaitley around the Delhi University on his scooter while the latter was campaigning as a student politician in the 1970s. Jaitley represented both Coke and Pepsi as a lawyer against each other at different times He could have even written the famous book ‘How to make friends and influence enemies?’ if Dale Carnegie wouldn’t have beaten him to it. Jaitley had represented two of the world’s most bitter rivals—<a href="https://www.sify.com/news/how-everybody-loves-arun-jaitley-news-columns-pmwpk3ebbdfjd.html" data-type="tilCustomLink" target="_blank">Coca Cola and Pepsi as a lawyer</a>. He was Coca Cola’s lawyer for a case against Pepsi and vice versa. Though many would have rolled their eyes at this feat, for him it was a small game. Jaitley's frienship with rivals Sonia Gandhi and P Chidambaram In the <a href="https://www.outlookindia.com/magazine/story/ties-that-bind/291379" data-type="tilCustomLink" target="_blank">long list of unlikely friends</a> is Sonia Gandhi, the head of the rival Congress party, and former Finance Minister, and a lawyer turned politician just like him, P Chidambaram. Jaitley seemed to have gotten through his life keeping all his friends along with a successful career. But many of his friendships were tested, in court as well as Parliament. In 2012, Jaitley was a part of the Opposition party, and he was chosen to question and grill P Chidambaram, the home minister of the ruling Congress party about <a href="https://www.business-standard.com/about/what-is-aircel-maxis-case" data-type="tilCustomLink" target="_blank">the Aircel-Maxis deal</a>. Chidambaram started answering the question by saying that <a href="https://www.business-standard.com/article/opinion/aircel-maxis-deal-probe-will-test-friendship-between-chidambaram-and-jaitley-116030300275_1.html">he was happy that </a>“a friend of 22 years has questioned him.” Though later through the session, Chidambaram turned emotional and “felt as if someone plunged a dagger into him.” Their friendship withstood the barbs, the scams, as the Congress politician continued to attend Jaitley’s annual lunch parties which also doubled as his <a href="https://www.outlookindia.com/magazine/story/ties-that-bind/291379">birthday </a>celebration. Jaitley's rivalry with Subramanian Swamy and Ram Jethmalani Two of Jaitley’s most vicious critics are country’s top lawyers Ram Jethmalani and BJP leader Subramanian Swamy. Both have <a href="https://www.pgurus.com/mr-arun-jaitley-hope-you-have-learnt-your-lesson-for-treating-sonia-family-with-kid-gloves-you-owe-answers-in-mallya-exit/" data-type="tilCustomLink" target="_blank">passed vitriolic comments</a> against Jaitley and they both had old beefs to settle. Jaitley was once the legal assistant to Jethmalani. Yet, the camaraderie did not last long. Jaitley is known to <a href="http://www.indialegallive.com/commercial-news/controversy-news/battle-legal-eagles-21529">have influenced Vajpayee </a>to push Jethmalani from his position as the law minister unceremoniously. The fire-breathing lawyer had never forgiven Jaitley nor forgotten the slight, and had used every excuse to criticise him. He also went back to court as Delhi chief minister Arun Kejriwal’s lawyer in a libel case, just for the pleasure of cross-examining his old adversary. But Jaitley was not a man to be easily undone either and kept his cool, passing the bitter examination with flying colours. Jaitley was also not undone even as Swamy questioned his every move. This rivalry too started when he found a legal loophole to deny the payment of his dues over a case he argued. Ever since, <a href="https://theprint.in/politics/subramanian-swamys-rivalry-with-arun-jaitley-goes-back-to-1993-iit-delhi-salary-row/219800/">he accused Jaitley </a>of being a Congress insider, instigator or a coup and much more. When Jaitley did try to clamp him over discipline, Swamy retorted, “People giving me unasked for advice of discipline and restraint don’t realise that if I disregard discipline there would be a bloodbath.” Jaitley wisely never rose to the bait, like a seasoned solider who picks his battles. Jaitley may be no more but the way he deftly maneuvered India's labyrinth political space will provide lessons in the art of the possible. In a world where friendships are forged with secrets and power, Jaitley was everyone’s confidante, philosopher, and guide. SEE ALSO: <a href="https://www.businessinsider.in/sushma-swaraj-indias-former-foreign-minister-passes-away-at-the-age-of-67/articleshow/70561044.cms" data-type="tilCustomLink" target="_blank">India's 'supermom' Sushma Swaraj, the lady who redefined the country's Foreign Ministry, is no more</a>

Arun Jaitley, every big man's friend, passes away at the age of 66-- leaving behind lessons in the 'art of the possible'

<keyword id="42575" type="PERSON" weightage="80" keywordseo="Arun-Jaitley">Arun Jaitley</keyword>, the newly sworn-in <keyword id="2258794" type="UNKNOWN" weightage="80" keywordseo="Finance-and-Corporate-Affairs-Minister">Finance and Corporate Affairs Minister</keyword> of India, said he would focus on restoring confidence of investors in Asia's third largest economy. 

	Soon after taking charge of the Finance Ministry, Jaitley stated that the country’s economy was passing through difficult times.
 The biggest challenge before the new finance minister will be to revive an economy that is mired in its worst slowdown since the 1980s due to myriad issues, such as strained public finances, persistently <keyword id="101998" type="UNKNOWN" weightage="40" keywordseo="high-inflation">high inflation</keyword>, high interest rates and rising bad loans at banks. Referring to his priorities as finance minister, Jaitley said that he had taken over the new responsibility at a very challenging time, particularly when there is a need to rebuild the confidence of the <keyword id="6356076" type="UNKNOWN" weightage="80" keywordseo="indian-economy">Indian economy</keyword>. 

	Jaitley also added that the political change itself would send a strong signal to the global community, as also to the domestic investors.
 

	The minister further said that the entire policy of the new government would be clarified in the next few days.
 

	India had registered over 9% growth for a few years before the global financial meltdown of 2008 pulled it down. The economic growth rate slipped to as low as 4.5% in 2012-13. However, it inched up to 4.9% in 2013-14.
 

	In the current fiscal, the growth rate is expected to rise further to 5.5%.
 

	He also said that he would be looking after the Defence portfolio as an additional charge till there’s an expansion in the Cabinet. 
	Image: Thinkstock

New Finance Minister Arun Jaitley Pledges To Restore Economy

The mortal remains of former Finance Minister Arun Jaitley on Sunday reached the Bharatiya Janata Party (BJP) headquarters from his residence in Kailash Colony here for people to pay their tributes. The BJP stalwart's mortal remains reached the party headquarters in a military vehicle decked with flowers at around 10.58 a.m. Several BJP leaders and family members accompanied the convoy carrying Jaitley's mortal remains. Senior party leaders, including Home Minister Amit Shah and Defence Minister Rajnath Singh, paid tribute to Jaitley by offering flowers to his body packed in a red colour casket. Jaitley's mortal remains were kept at the Central Hall of the BJP headquarters where it will be kept till around 2 p.m., and then it will be moved to Nigam Bodh Ghat for the last rites, party sources told IANS. Jaitley passed away at All India Institute of Medical Sciences (AIIMS) on Saturday due to a prolonged illness. He was 66. India’s former Finance Minister Arun Jaitley passed away after sustained illness at the age of 66 after an impressive political career spanning decades when he never won an election but was always relevant and maintained his deep influence in Indian politics. Jaitley, along with the former Foreign Minister, the late Sushma Swaraj -- <a href="https://www.businessinsider.in/sushma-swaraj-indias-former-foreign-minister-passes-away-at-the-age-of-67/articleshow/70561044.cms" data-type="tilCustomLink" target="_blank">who passed away earlier this month</a>-- were instrumental in keeping the Bharatiya Janata Party relevant, as an opposition party, in the ten years preceding 2014 when Narendra Modi swept to power as India's Prime Minister. With inputs from IANS SEE ALSO: <a href="https://www.businessinsider.in/news/arun-jaitley-a-detailed-profile-and-history-of-indias-former-finance-minister-who-had-many-friends-and-few-enemies/articleshow/70815608.cms" data-type="tilCustomLink" target="_blank">Arun Jaitley, every big man's friend, passes away at the age of 66-- leaving behind lessons in the 'art of the possible'</a>

The last rites of India's former Finance Minister Arun Jaitley will be performed today

<ul><li>Former Finance Minister and senior BJP leader Arun Jaitely passed away at AIIMS on Saturday after prolonged illness. Jaitley had undergone dialysis on Thursday.</li><li>He was one of the few BJP members that supported PM Narendra Modi's back when he was under fire for 2004 Godhra riots. </li></ul> <keyword id="42575" type="PERSON" weightage="20" keywordseo="Arun-Jaitley">Arun Jaitley</keyword>, India's former Finance Minister, and prominent BJP leader passed away today at AIIMS. "It is with profound grief that we inform about the sad demise of Former <keyword id="6391015" type="UNKNOWN" weightage="20" keywordseo="finance-minister-arun-jaitley">Finance Minister Arun Jaitley</keyword>, Member of Parliament (MP) at 12:07 p.m. on Saturday. Jaitley was admitted in AIIMS, New Delhi on August 9 and was treated by a multi-disciplinary team of senior doctors," said Aarti Vij, Chairperson, Media and Protocol, AIIMS. <div type="Article" hostid="261" msid="70815608" title="Arun Jaitley, every big man's friend, passes away at the age of 66-- leaves behind lessons in the art of the possible" mstype="2" mssubtype="0"></div> Here are some lesser-known facts about Arun Jaitley <div type="embedgroup" originid="carousel_1566633571133"><title>Untitled Carousel</title> <div type="Slideshow" msid="70815904" hostid="261" title="Arun Jaitley, the man who had Narendra Modi&amp;#39;s back during Gujarat riots" rank="1.0" mstype="8" mssubtype="0" firstImageMsid="70816100" slideCount="9"></div></div>

Lesser known facts about the late Arun Jaitley

<ul><li><keyword id="42575" type="PERSON" weightage="20" keywordseo="Arun-Jaitley">Arun Jaitley</keyword> will reportedly attend security meeting on <keyword id="43212" type="LOCATION" weightage="20" keywordseo="Pulwama">Pulwama</keyword> attack. </li><li>Jaitley had handed over charge to interim finance minister <keyword id="6355222" type="PERSON" weightage="20" keywordseo="piyush-goyal">Piyush Goyal</keyword>.</li></ul>Arun Jaitley has resumed office as India’s finance minister three weeks after he temporarily handed over charge to Railway Minister Piyush Goyal, according to media reports. Jaitley had been away on medical treatment to the US. Goyal had served as interim finance minister and presented the recent government budget. Jaitley will attend a cabinet security meeting today to discuss Thursday’s militant attack in Pulwama, Kashmir, NDTV <a href="https://www.ndtv.com/india-news/arun-jaitley-back-as-finance-minister-will-attend-security-meeting-on-pulwama-attack-today-1993876?pfrom=home-livetv">reported.</a> The suicide-bomber attack killed at least 45 security personnel and injured many others, in what is the deadliest in the valley in two decades. In the aftermath of the attack on Thursday, Jaitley tweeted a stern warning to the militant outfit saying "terrorists will be given unforgettable lesson for their heinous act." On Thursday, an explosive-laden van rammed into a bus carrying security personnel from India’s Central Reserve Police Force, which is responsible for day-to-day security and helping the Indian army in the Kashmir valley. Jaish-e-Mohammad (JeM), a Pakistan-based militant outfit has claimed it is behind Thursday’s attack. Pakistan has meanwhile denied it had any links to the attack. Jaitley is also expected to chair a meeting on the Goods and Services Tax (GST) on Wednesday, Financial Express <a href="https://www.financialexpress.com/india-news/back-at-helm-arun-jaitley-likely-to-resume-charge-as-finance-minister-on-monday/1488187/">reported.</a> With IANS SEE ALSO: <a href="https://www.businessinsider.in/pulwama-attack-on-crpf-in-kashmir-condemned-by-pm-modi/articleshow/67997003.cms">India vows an ‘unforgettable lesson’ for the terrorists who killed 42 troopers</a> <a href="https://www.businessinsider.in/pulwama-terror-attack-toll-rises-to-45/articleshow/68002589.cms">Pulwama terror attack toll rises to 45</a>

Arun Jaitley to resume office as India’s finance minister

The internal conflict in the ruling party at Centre is at its peak and the <keyword id="6355261" type="POSITION" weightage="20" keywordseo="Finance-minister">finance minister</keyword> of India has tried his best to defend his party. A major controversy broke out recently after BJP patriarch LK Advani expressed concerns that "forces that can crush democracy are stronger" now and that Emergency-like situation could emerge again. The comments were seen by the Congress as being aimed at <keyword id="71" type="POSITION" weightage="20" keywordseo="Prime-Minister">Prime Minister</keyword> <keyword id="6354477" type="PERSON" weightage="20" keywordseo="Narendra-Modi">Narendra Modi</keyword>, while <keyword id="6354944" type="ORGANIZATION" weightage="20" keywordseo="Aam-Aadmi-Party">Aam Aadmi Party</keyword> felt it was the "first indictment" of Modi's politics. 
 <keyword id="25455" type="ORGANIZATION" weightage="20" keywordseo="finance">Finance</keyword> Minister <keyword id="42575" type="PERSON" weightage="20" keywordseo="Arun-Jaitley">Arun Jaitley</keyword> has told the news agency PTI, it is not possible today for the world's largest democracy to become 'dictatorial'. 
 
Jaitley said Emergency was a phase which showed that a democracy can be converted into a dictatorship by using some provisions of the Constitution and all the major institutions like bureaucracy, police, media and judiciary can collapse. 
 
"I think, today the global awareness is in favour of the democracy and the kind of sanctions which can be imposed on a dictatorship itself can be a deterrent. 
 
"I think, the media is also strong, the polity is strong and the global institutions are also strong. The world would not accept the world's largest democracy becoming dictatorial today," Jaitley told the agency. 
 
Without referring to Advani's comments, Jaitley said the media censorship is not possible today "because of the technology itself". 
 
"You have news travelling through the internand the internet can't be censored," Jaitley said. 
 
Jaitley also added that the polity was strong even during the Emergency, but "the media had by and large caved in". 
 
Recalling his own experiences from the Emergency days, Jaitley said he hopes that "the judiciary today is far more independent and does not cave in to any dictatorial tendencies as it caved in during emergency". 
 
"But the fact that detentions are no longer possible without a basis, media censorship is no longer possible and hopefully judiciary would be far more independent, it would not be possible for anybody to convert a democracy into a dictatorship without these three limbs," he said. 
 
Jaitley said the tradition of dynasty and dynastic political parties started with Emergency. Recalling his experience during the emergency days of <keyword id="6354478" type="PERSON" weightage="20" keywordseo="Indira-Gandhi">Indira Gandhi</keyword>, Jaitley told the media, "So we burnt an effigy of Indira Gandhi and thereafter I was arrested as part of the protest. I was first kept in Tihar Jail, then taken to Ambala and brought back to Delhi. The police detained me under MISA."

Here’s how Jaitley didn’t subscribe to Advani’s belief

It is not necessary that all cabinet ministers have to gel with PM Narendra Modi. There are few ministers who had to work towards getting their equation right with the PM. 
 Economic Times reported how <keyword id="6391015" type="UNKNOWN" weightage="80" keywordseo="Finance-Minister-Arun-Jaitley">Finance Minister Arun Jaitley</keyword>, Home Minister Rajanth Singh and Foreign Affairs Minister Sushma Swaraj adjusted to work out their private equation with Modi. 
 
The most important minister in Modi’s cabinet is Jaitley. Arguably, Jaitley is Modi's go-to man. People close to Jaitley told ET that he was one of the trongest backers of Modi as BJP’s PM candidate at a time when several heavyweights were against the idea. 
 
The Finance Minister had also handled legal issues of both Modi and BJP President Amit Shah. A party leader told the financial daily that when Shah was banned from entering Gujarat by the Supreme Court, he went to Jaitley's house. 
 
The leader added that Shah relies heavily on Jaitley. "Those working closely with Shah now in the party are all Arun Jaitley's people. Shah's assessment of people is based on Arun's assessment and Modi too goes along," a party leader told ET. 
 
The leader also said that people close to Jaitley were given key ministries and the names were endorsed by Shah as well. 
 
A BJP leader told the financial daily that the close relationship between Modi, Jaitley and Shah was a source of much jealousy. 
 
"Of the trio, Jaitley is the easiest to attack since Modi can't be attacked and attacks on Shah will only start post Bihar if the party does badly," said the leader. 
 
The leader added that Jaitley was Modi's chief troubleshooter. 
 
One of the leaders also told ET that if performance of Modi Sarkar was to be judged largely on economy, Modi's most important minister was also the one who will be judged most ultimately. 
 Meanwhile, <keyword id="2286211" type="UNKNOWN" weightage="80" keywordseo="Home-Minister-Rajnath-Singh">Home Minister Rajnath Singh</keyword> learnt to like Modi. 
 Singh is officially the number two in the <keyword id="581221" type="ORGANIZATION" weightage="80" keywordseo="Modi-Cabinet">Modi Cabinet</keyword> and as per an official notification, he gets to chair Cabinet meetings when the PM is away. 
 
Singh is a political heavyweight and Modi and Shah are quite careful not to mess with him. When the Home Minister publically expressed displeasure at rumours being spread about his son, allegedly by a Cabinet colleague, Modi and Shah rushed to assuage him. 
 
After Singh’s response, those rumours stopped. 
 
"The message was clear - Rajnath was not going to stay quiet," a BJP functionary told ET. In his first stint as BJP president, Singh shared an uneasy relationship with Modi and Jaitley. 
 
Singh had dropped Modi from the party's central parliamentary board and Jaitley from the post of chief spokesman. However, during his second stint, Singh’s relationship with Modi improved. 
 
Singh batted for Modi against party veterans LK Advani, Murli Manohar Joshi and Sushma Swaraj. 
 
Economic Times reported that a senior Congress leader had also gone to Singh's house when he was the president to dissuade him from declaring Modi as the party's PM candidate. But to no avail. 
 
"He also got dissidents to stop critiquing Modi in public during the run-up to the election," a BJP leader told ET, adding “At one point Singh got Yashwant Sinha to speak to Shatrughan Sinha to tone down the latter's remarks against Modi.” 
 
Party leaders told ET that as smooth as Singh-Modi relations may be now, the uneasy relationship between the finance and home ministers could still become a problem for the prime minister. 
 
"The downfall of UPA-2 started with the shadow war between Pranab Mukherjee and P Chidambaram. Round-2 of Singh vs Jaitley, if it happens, can get troublesome for the PM," a party veteran told the financial daily. 
 
Coming to Foreign Affairs Minister Sushma Swaraj, she was a Modi critic was adjusted. 
 
“Sushma-ji's is a case of a remarkable transformation,” a BJP leader told ET. Before Modi climbed to top of the party, Swaraj was a Modi critic. 
 
A BJP veteran said Swaraj is good with her job even if no one talks about it. Officials say Modi is even more personally involved than most recent PMs. This could have been a source of angst for Swaraj, but she has simply got on with it. 
 
"She's shown great dignity," a BJP leader told ET. As per officials, Modi has asked the foreign minister to keep special focus on the Middle East and SAARC. 
 
"Sushma Swaraj really knows the dos and don'ts of ministerial functioning," a senior official told ET. 
 
(Image: Indiatimes)

Know how Sushma, Rajnath and Arun Jaitley manage their equations with the PM

Presenting his third budget, <keyword id="42575" type="PERSON" weightage="100" keywordseo="Arun-Jaitley">Arun Jaitley</keyword> today announced some key new schemes while presenting the <keyword id="3206186" type="UNKNOWN" weightage="100" keywordseo="Union-Budget-2016">Union Budget 2016</keyword>. Here are the highlights- 
 
AGRICULTURE

	 
	Stating that agriculture and the security of farmers are a chief area of focus for the government, he went ahead to state that under Fasal Bima Yojana, farmers would have to pay a nominal amount of insurance premium and a highest ever compensation in case of crop loss. 
	To ensure this is done, he has allocated Rs 5,500 crores in the Budget. 
	 
	The allocation to Pradhan Mantri’s Gram Sadak Yojna to be increased to Rs 19,000 crore. 
	 Additionally, to give further income security to the very people who ensure our food security, <keyword id="6355261" type="POSITION" weightage="20" keywordseo="Finance-minister">Finance Minister</keyword> Arun Jaitley promised to double the income of farmers by 2022. Thus, an amount of Rs 35,894 crore has been set aside for the welfare of farmers this year. 
	The Pradhanmantri Krishi Sinchaai Yojana is thus strengthened and implemented in mission mode. 
	 
	 
	LPG GAS CONNECTION FOR BPL FAMILIES 
	 
	Jaitley also announced launching another initiative to provide cooking subsidy to BPL families so as to rid them from the adverse effects of chura cooking. 
	 
	He explained that the government would provide a LPG connection to families in the name of the woman members. A sum of Rs 2,000 crore has been allocated to meet the initial cost of providing the LPG connection. According to the Finance Minister, approximately 1,50,00,000 BPL houses. 
	 
	The scheme is expected to continue for more than two years and will cover atleast 5 crore houses. 
	 
	This will not only ensure universal coverage of cooking gas in the country but will also improve women’s health and provide employment in supply chain of the cooking gases for the youth in rural areas. 
	 
	 
	DIGITAL LITERARY SCHEMES 
	 
	As part of the government's increased rural push, Jaitley also launched two new digital literary schemes for rural India. 
	 
	 
	SWACCHH BHARAT ABHIGYAN 
	 
	Additionally, Rs 9000 crore has been allocated for Swacchh Bharat Abhigyan in a bit to put an end to open defecation. 
	 
	 
	HEALTH INSURANCE 
	 
	There’s also the health protection scheme which guarantees a health cover of Rs 1,30,000 for senior citizens. There will be an additional topup of Rs 30,000 per family and 300 generic drug stores to be opened under Pradhan Mantri Jan Aushadi Yojana. 
	 
	 
	STANDUP INDIA 
	 As far as Standup India is concerned, Jaitley has allocated Rs 500 crore to ensure <keyword id="107737" type="ORGANIZATION" weightage="100" keywordseo="Entrepreneurship">entrepreneurship</keyword> to ST/SCs and women. He wants them to be job-givers and not seekers. Under this, two projects will be promoted ber bank per branch per category. 
	 
	“On the occasion of B.R Ambedkar’s 125th anniversary, we must ensure that this must be the year of <keyword id="352701" type="ORGANIZATION" weightage="100" keywordseo="Economic-Development">economic development</keyword> for ST/SCs,” he said. 
	 
	 
	NATIONAL SKILL DEVELOPMENT MISSION 
	 
	Also, under the National Skill Development Mission which has imparted training to 76 lakh youth, 1500 multi skill-training institutes would be set up, Jaitley announced. 
	 
	Under the Pradhan Mantri Kaushal Vikas Yojana, the aim would be to skill 1 crore youth in the next 3 years. 
	 
	BI VIEW: In times of distress, the Modi government turned to rural India. The cooking subsidy, digital literary scheme is bound to make a statement, so is the push for farmers' welfare in light of the drought and farmer suicides. Additionally, after Rohith Vermula's tragic death that captured the appetite of Indian citizens, encouraging entrepreneurship for SC/STs is undoubtedly a welcome change. 
	 
	Image credit: PIB India

Budget 2016: Finance Minister Arun Jaitley's big scheme announcements focus on rural India, agriculture and SC/STs

<keyword id="161813" type="POSITION" weightage="20" keywordseo="Union-finance-minister">Union Finance Minister</keyword> <keyword id="42575" type="PERSON" weightage="20" keywordseo="Arun-Jaitley">Arun Jaitley</keyword> will today meet state finance ministers to discuss the next year’s <keyword id="6360189" type="COMPANY" weightage="20" keywordseo="Union-Budget">Union budget</keyword>. Thereafter, the finance minister will commence pre-budget consultations with industrialists, trade unions and other stakeholders. 
 Jaitley will meet industry and trade groups on January 6, 2015. The following day, he will hold discussion on the agriculture sector. This would be the first full-fledged budget of the Narendra <keyword id="6360789" type="ORGANIZATION" weightage="20" keywordseo="Modi-Government">Modi government</keyword>. Modi government had assumed power in May this year and Jaitley had presented the budget in July. 
 In his meeting state finance ministers, Jaitley is likely to discuss issues pertaining to the proposed Goods and <keyword id="6355686" type="COMPANY" weightage="20" keywordseo="Service-tax">Service Tax</keyword> (<keyword id="6354679" type="ORGANIZATION" weightage="20" keywordseo="GST">GST</keyword>). A broad consensus on the constitutional amendment Bill for the new indirect tax system was recently reached. The government is keen to implement GST in the next financial year in a bid to accelerate economic growth.

Jaitley To Meet State Finance Ministers To Discuss Union Budget

Union Finance Minister <keyword id="42575" type="PERSON" weightage="20" keywordseo="Arun-Jaitley">Arun Jaitley</keyword> has said that radical steps are required in order to give a boost to the country’s <keyword id="6362048" type="ORGANIZATION" weightage="20" keywordseo="Manufacturing">manufacturing</keyword> sector. “Manufacturing is where the jobs are,” Jaitley said. 
 Talking about Reserve Bank of India (<keyword id="30067" type="ORGANIZATION" weightage="20" keywordseo="RBI">RBI</keyword>) Governor <keyword id="6358908" type="PERSON" weightage="20" keywordseo="Raghuram-Rajan">Raghuram Rajan</keyword>’s statement that the ‘Make in India’ campaign should focus more on domestic demand as compared to the export market, Jaitley said, “Whether ‘Make in India’ is made for consumers within India or consumers outside, is not so relevant. The principle today is that consumers across the world like to buy products that are cheaper and of good quality.” 
 
Jaitley said that he would take into account the suggestions given by the finance ministers of various states while preparing the Union Budget. "Some state FMs even requested that the FRBM limit (Fiscal Responsibility and Budget Management) be raised this year in order to infuse liquidity in the market," he said. 
 
"Most states also wanted centralisation of the CSS (centrally sponsored schemes) so that they could be more attuned to the state requirements. Several states made suggestions with regards to state specific issues. We will consider all these suggestions while formulating our policies in relation to the Budget," Jaitley said. 
 
The finance minister also expressed hope that the growth in FY2015-16 would surpass that in this financial year.

“Radical Steps” Required To Boost
Manufacturing, Says Jaitley

<ul><li>Former Finance Minister <keyword id="42575" type="PERSON" weightage="20" keywordseo="Arun-Jaitley">Arun Jaitley</keyword> has slated the two years of Good &amp; Services Tax(<keyword id="6354679" type="DEFINITION" weightage="20" keywordseo="gst">GST</keyword>) saying that GST has proved to be both “consumer &amp; assessee friendly.” </li><li>The revenue hit a ₹900 billion annual loss due to heavy tax reductions under the Goods &amp; Services Tax (GST) scheme. </li><li>Jaitley rolled out the GST scheme in July 2017, which has widened the consumer base for tax collection by 84%.</li></ul>Just a few days ahead of the Union Budget, former Finance Minister Arun Jaitley said that the government has taken an annual revenue hit of ₹900 billion due to tax reductions under the Goods &amp; Services Tax (GST) scheme. In a blog written to commemorate two years of introduction GST, Jaitley said that the new tax regime is both “assessee and consumer-friendly.” Most of the consumer products now come under lower GST slabs and daily-use items are under the lowest tax bracket of 5%. While only luxury goods have been in the “white goods.” Luxury items such as small cars, consumer durables like AC and Refrigerators and cigarettes have been kept in 28% tax range. 
 
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 He also said that arriving to a consensus in the Parliament over the implementation of the scheme had been difficult for the government. “The critical point which enabled the Government to persuade the States was to cushion them with a 14% annual increase from the tax base of 2015-16 for a period of five years,” Jaitley reminisced. Wider Tax Net The consumer base for tax collection has widened over the last two years by 84%, enabling higher tax collections, thereby. The present consumer base has hit 12 million, which was 6.5 million. “The high taxation of pre GST era pinched the consumers’ pocket and acted as a disincentive against tax compliance,” said Jaitley who has stepped down from the cabinet due to health reasons. According to him, the transition to GST in India has been smooth, as this tax had brought down governments in many countries. There were protests in Surat following GST. However, two years on, the Narendra Modi-led BJP government was able to secure seats in Gujarat with high margin. See also: <a href="https://www.businessinsider.in/niti-aayog-wants-education-budget-to-increase-further/articleshow/69941463.cms">India’s education budget has improved over the years — but it’s still too low</a> <a href="https://www.businessinsider.in/health-budget-2019-india-might-increase-spending-on-healthcare-but-that-may-not-be-enough/articleshow/69956156.cms">Health Budget 2019: India might increase spending on healthcare but that may not be enough</a>

India lost ₹900 billion due to tax rate cuts under GST, says former Finance Minister Arun Jaitley

India’s <keyword id="6391015" type="UNKNOWN" weightage="80" keywordseo="Finance-Minister-Arun-Jaitley">Finance Minister Arun Jaitley</keyword> on Friday presented a report card of his ministry to mark the first year of the <keyword id="2863972" type="UNKNOWN" weightage="80" keywordseo="Narendra-Modi-led-Indian-government">Narendra Modi-led Indian government</keyword>. 
 
Addressing a news conference in the national capital, Jaitley said that Modi government was transparent and decisive, despite obstructions. 
 
India is one of the emerging economies of the world and Jaitley said that the country had the potential to achieve double digit growth. 
 
Slamming the previous government, Jaitley said crony capitalism led to its fall. 
 
He hailed many firsts of his government and also laid out a roadmap for future. 
 
“This government has reduced oil prices 11-12 times and hiked 3-4 times - that is market linked. We have increased excise thrice and once the Oil Marketing Companies (OMCs) benefitted from that,” he said. 
 
Talking about the Goods and Services Tax bill, Jaitley said that the Bharatiya Janata Party-led Indian Government had created history by tabling the bill and expected it to be implemented from April 2016. 
 
The minister did not give a miss to black money issue also, one of the poll planks by the party last year. 
He said that the laws were being introduced to squeeze the black money. 
 
Furthermore, the minister said the disinvestment proceeds in the last year were the largest ever in a single year. 
 
Jaitley said measures to bring direct taxation rates to global competitive levels. He added that the fiscal and account deficits had stabilised, including growth rate and revenue figures. 
 
Meanwhile, he also laid out a roadmap for future saying the government has to increase the spending capacity and in coming years it would raise spending in irrigation and rural infrastructure. 
 
He added that the proposals received by the ministry were of over Rs 50,000 crore and the target was more than Rs 69,000 crore. 
He said the banking sector was under a lot of pressure due to the global slowdown, adding the ministry had professionalised appointments to bank boards. 
 
(Image: Reuters)

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