Arun Jaitley

Govt to deliver 11 Crore Ayushman Cards

The government will be printing and delivering 11 crore Ayushman Bharat ‘family cards’ by organizing public contact programme called ‘Ayushman Pakhwaras’. The CEO of Ayushman Bharat- National Health Protection Mission (AB-NHPM) is Indu Bhushan. The scheme was announced by Union Minister Arun Jaitley in his budget 2018 and is expected to be the world’s largest health coverage scheme.

Council Clears Primary Drafts of GST Law

The Goods and Services Tax (GST) Council approved the primary drafts of Central GST & State GST laws. Finance Minister Arun Jaitley said that the CGST & GST draft laws comprise 197 provisions and five schedules. The CGST is to be approved by Parliament while the SGST to be approved by States legislative Assemblies. The states will be fully compensated for any loss of revenue for five years.

Watal Panel on Digital Pymts Give Report

A committee, which was set up to suggest ways to make India a digital payment economy submitted its report to Finance Minister Arun Jaitley. The panel, headed by former finance secretary Ratan P Watal, was set up in August. The 11-member committee included H R Khan, CBDT & UIDAI Chairperson & heads of Indian Banks’ Association, Nasscom, Internet and Mobile Association of India.

Digital Push: Govt Announces New Measures

Govt announced several incentives on payments made through digital modes. Finance Minister Arun Jaitley said, petroleum companies will offer a discount of 0.75% on diesel and petrol to consumers who pay through digital means. 0.5% discount who will buy monthly seasonal tickets. Passengers will get 10 lakh rupees free accident insurance cover on booking of Railway ticket through online mode.

Lok Sabha Passes Taxation Amendment Bill

Lok Sabha has passed the second amendment to Taxation Laws Bill. Bill seeks to tax up to 85% on those caught with undisclosed income post demonetisation. The Bill is aimed to levy tax up to 85 per cent on those caught with undisclosed income after demonetization. Union Finance Minister Arun Jaitley said that the money from the PM Gareeb Jan Kalyan Yojna will be used for welfare of the poor.

Banks to Circulate New Currency Note

Union Finance Minister Arun Jaitley has said that the new series of 500 and 2,000 rupees notes will be available in banks and post-offices. He assured the people that the government will do its best to minimise the inconveniences they may face due to the scrapping of old notes. Mr Jaitley said, the initiative will help curb black money & parallel economy as they impact the actual economy.