Indian economy is now fairly large to display a certain degree of resilience: Jaitley

Finance Minister Arun Jaitley today said Indian economy is now fairly large to display a certain degree of resilience. He added that ability to grow in 7 to 8 percent range is fairly certain. The Finance Minister was speaking at the inauguration of FICCI's 91st Annual General Meeting in New Delhi this evening.  He said there is a need to focus on several unreformed sectors in the economy. He also cited the need to improve credit flow and tackle liquidity.  On RBI, Mr Jaitley said govern...

Finance Minister calls for dismantling trade barriers for faster economic growth

Finance Minister Arun Jaitley today said the global economy needs to cut down trade barriers. He was addressing the 80th Session of the Policy Commission of World Customs Organisation, WCO, in Mumbai through video conferencing. Mr Jaitley also called for open borders, saying trading across national boundaries is an economic imperative of the times and that barriers to free trade should be dismantled.  He said it is in the larger interest of every country to make sure that trade barriers are brou...

Govt is committed to narrow the current account deficit: Arun Jaitley

FM remains non committal on cutting excise duty as petrol diesel prices

Finance Minister Arun Jaitley has remained non-committal on cutting excise duty to cushion spiralling petrol and diesel prices saying international oil prices are volatile and have not shown any linear movement.  Talking to reporters in New Delhi on Wednesday, Mr. Jaitley said, India is a net buyer of oil and is adversely impacted when rates go up temporarily.  He defended criticism that he and External Affairs Minister Sushma Swaraj as opposition leaders had mounted attacks against the previous...

FM Arun Jaitley says Indian economy has transformed since the NDA came to power

Finance Minister Arun Jaitley has said that the Indian economy has undergone a transformation ever since the NDA came to power in 2014, as borne out by the IMF report. He said, in the last 4 years, decisiveness has led to easier decision making and made the economy stand out amongst several other countries.  In a Facebook post, Mr Jaitley said, the last four years have seen a series of reforms, both legislative and otherwise, which have been carried out by the government. Mr Jaitley said the sys...