[New Delhi]11 Lakh Unlisted Cos Are Active :Jaitely
There are around 10.68 lakh active unlisted private limited companies and 66,063 unlisted public limited companies operating in the country, the Lok Sabha was informed today.
Of the 10,68,829 active unlisted private limited companies,
2,10,367 are registered in Maharashtra,
1,97,333 in Delhi and
1,24,148 registered in West Bengal, Finance Minister Arun Jaitley said during Question Hour.
Among the 66,063 active unlisted public limited companies,
13,030 were registered in Maharashtra,
11,607 in Delhi and
9,311 in West Bengal.
Jaitley said the Companies Act, 2013 [Section 29] provides power to the government to mandate that, as in the case of listed public companies, other classes of public companies should also issue securities in dematerialised form.
Accordingly, the ministry carried out consultations with SEBI, depositories and other stakeholders to mandate, in a phased manner, for public unlisted companies to issue securities in dematerialised form with a view to bring in greater transparency in shareholding and share transactions, better acceptance of such shares as collateral and mitigation of disputes and risks associated with securities issued in paper form.
Jaitley said the SEBI had in their response stated that its depository regulatory framework enables such prescription.
No final decision on the prescription of classes of public companies has yet been taken,
Tag: Union Finance Minister Arun Jaitely
[New Delhi]11 Lakh Unlisted Cos Are Active :Jaitely
[New Delhi]Centre Has No Estimates Of Black Money Even After Demonetization
There is no official estimation of black money either before or after November 8 — the day government announced scrapping of old Rs 500 and Rs 1,000 notes, Finance Minister Arun Jaitley said today.
“There is no official estimation of the amount of black money either before or after the government’s decision of November 8, 2016 declaring that bank notes of denominations of the existing series of the value of Rs 500 and Rs 1000 shall cease to be legal tender with effect from November 9,” he said in a written reply in Lok Sabha.
The searches conducted by Income Tax Department between April 2014 and November 2016 on 1,356 groups of assessees led to admission of
undisclosed income of Rs 31,277 crore
apart from seizure of undisclosed assets worth
Rs 2,164 crore, he added.
Besides, 14,044 surveys conducted during the period, resulted in detection of undisclosed income of Rs 30,492 crore.
Replying to another question on whether the government has received any proposal from the employees of LIC to provide another opportunity to those who have not chosen pension option earlier, Jaitley replied in affirmative.
“The proposal was examined and a view has been taken that no more options for pension may be extended to employees of public sector insurance companies,” he said.
[New Delhi]FM,Arun Jaitely Coming Out From Bihar Mode,Ensures Continuance Of Structural Reforms
Jaitely Says NDA defeat in Bihar no setback to economy
Attributing the NDA’s defeat in Bihar assembly elections to ‘huge index of opposition unity’, Finance Minister Arun Jaitley today said it will not impact the economic reforms process.
While the ruling NDA managed to get 58 seats (BJP 53) in the 243-member Bihar assembly, Mahagathbandhan got 178 seats.
The alliance comprises JD(U)+RJD +Congress.
On whether Bihar election was a referendum on the policies of the Centre, Jaitley, in an interview to ET Now, said, “The word referendum is loosely used… every election is not a referendum. A state election is not a referendum. You are not contesting on one issue.”
He further said that the vote share of BJP has not come down and the victory of the Mahaghatbandhan was on account of different opposition forces coming together.
[New DelhiFM Jaitely,Promising Growth, Announced Restoration Of Cultural World Heritage Sites Also
]Finance Minister Arun Jaitley,Promising Growth to 8-8.5 % Announced Restoration Of Cultural World Heritage Sites Also
The Union Finance Minister Shri Arun Jaitley has said that the facilities at India’s 25 Cultural World Heritage Sites are still deficient and require restoration.
While presenting the General Budget 2015-16 in the Parliament today, the Finance Minister Shri Jaitley has stated that the facilities like landscaping restoration, signage and interpretation centres, parking, access for differently abled, amenities for visitors including securities and toilets, illumination and plans for benefiting communities around them would be restored. The Union Finance Minister Shri Jaitley has proposed to provide resources to start work along these lines for the following Heritage Sites:
1] Churches & Convents of Old Goa
3]Kumbalgarh and other Hill Forts of Rajasthan
4] Rani ki Vav, Patan, Gujarat
5] Leh Palace, Ladakh, J&K
6]Varanasi Temple town, UP
7]Jalianwala bagh, Amritsar, Punjab
8]Qutub Shahi Tombs, Hyderabad, Telangana
Shri Jaitley proposed to extend the Visas on arrival facility to 150 countries, in stages, after the success of the same issued to travelers of 43 countries.
Central Schemes Among Others Schemes Under Tourist Infrastructure Is delinked from Central support.
The Union Minister for Finance, Corporate Affairs and Information & Broadcasting, Shri Arun Jaitley arrives Parliament House to present the General Budget 2015-16, in New Delhi on February 28, 2015.
Favourite Game Of Matching And Saving In Indian Finance Ministry
Indian Finance Minister Arun Jaitley today said that he does not favour burdening the salaried and middle-class with more taxes
He Desired To encourage more money being put in the pockets of tax payers
Central Govt Has Not Yet Differentiated Rich & CapableTax Payers & Tax Evaders
But On The Other Hand Present FM Is Also Willing To Cut Down The LPG Subsidy To Forced Tax payers Also
Addiction And Emancipation At The Same Time ?
What An Idea Sir Ji ? Old Couplet[Sher] Says
शब[शाम] में मयकशी की तो सुबह तौबा कर ली
रिन्द[शराबी] के रिन्द रहे जन्नत भी हाथ से
[New Delhi]Loss Making National Carrier Air India Gets Boon Of Financial Breather, Bailout, Package for Revival
Central Government has approved financial bailout package for revival of Air India.
In view of the huge losses suffered by Air India (a Government of India enterprise) for the Continuous years 2007-08 to 2010-11, and its mounting debt burden, the Government decided to formulate a Turn Around Plan and a Financial Restructuring Plan to improve the operational and financial performance of Air India.
The Government approved Air India’s Turn Around plan (TPA) and Financial Restructuring Plan (FRP) on 12.4.2012 that provided for infusion of additional equity by the Government cost reduction and improved operational performance. Union Minister of Finance,Arun Jaitley Informed to a question in Lok Sabha today that The Details Of Above financial support is as under:
[A]Induction of upfront equity of Rs. 6,750 crore;
[B]Equity for cash deficit support of Rs. 4,552 crore from Financial Year 2012-13 till Financial Year 2017-18;
[C]Equity for already guaranteed aircraft loan of Rs. 18,929 crore till Financial year 2012;
[D]Government of India guarantee for repayment of principal amount and payment of interest on the Non Convertible Debenture (NCDs) of Rs. 7,400 crore proposed to be issued by Air India to Financial Institutions, Banks, LIC and EPFO.