arun jaitley

Everything you need to know about the $1.8 billion PNB-Nirav Modi fraud

Everything you need to know about the $1.8 billion PNB-Nirav Modi fraud

India is currently dealing with what likely is its biggest bank fraud so far. Companies owned by diamond merchants Nirav Modi and Mehul Choksi are…
In Free Trade U-Turn, Modi Raises India's Import Duties

In Free Trade U-Turn, Modi Raises India's Import Duties

Less than a month after he declared to the World Economic Forum that India was open for business, Prime Minister Narendra Modi has raised import duties to their highest in three decades, setting the
India hopes to become an AI powerhouse by copying China’s model

India hopes to become an AI powerhouse by copying China’s model

Artificial intelligence (AI) has finally caught the Indian government’s attention. On Feb. 01, delivering his budget speech, finance minister Arun Jaitley told parliament that the…
Looking to Elections, Modi Lets India's Subsidy Bill Surge

Looking to Elections, Modi Lets India's Subsidy Bill Surge

Prime Minister Narendra Modi has allowed India’s subsidy bill to balloon in the lead up to crucial elections, at the risk of breaching his budget deficit goals.
Jaitley Says Revenues to Be Comfortable, No Fiscal Slippage Seen

Jaitley Says Revenues to Be Comfortable, No Fiscal Slippage Seen

India’s revenues will be “reasonably more comfortable” in the financial year starting April 1 and the government will be able to maintain its deficit target, Finance Minister Arun Jaitley said on
Inside the Indian government’s months-long struggle to curb cryptocurrencies

Inside the Indian government’s months-long struggle to curb cryptocurrencies

India may finally have a set of draft rules for cryptocurrencies by the end of the year, but not before the debate within government circles…
Indian markets have just lost over $75 billion—but it’s not all Jaitley’s fault

Indian markets have just lost over $75 billion—but it’s not all Jaitley’s fault

What started as a jeering for Indian finance minister Arun Jaitley’s budget announcement of long-term capital gains tax (LTCG) on Friday afternoon on Feb. 02…
PSA: No India hasn’t banned Bitcoin — but it’s still talking tough on crypto

PSA: No India hasn’t banned Bitcoin — but it’s still talking tough on crypto

Reports of the death of Bitcoin in India have been greatly exaggerated.
The Indian government has left everyone more confused about cryptocurrencies

The Indian government has left everyone more confused about cryptocurrencies

India’s cryptocurrency ecosystem is dazed and confused. Presenting the budget on Feb. 01, finance minister Arun Jaitley didn’t mince words on virtual currencies. “The government…
Need Faster Growth? Spend More on Educating India's Children

Need Faster Growth? Spend More on Educating India's Children

More than 100 million people are expected to enter India’s workforce by 2022, yet a lack of investment in education has put the South Asian nation in danger of wasting the demographic dividend that

India's Finance Minister Strikes Stern Tone on Cryptos in Budget Speech

During his annual budget speech, Indian finance minister Arun Jaitley confirmed his position that cryptocurrencies are not legal tender.
Arun Jaitley has just killed India’s cryptocurrency party

Arun Jaitley has just killed India’s cryptocurrency party

It appears to be the end of the road for cryptocurrencies in India. Finance minster Arun Jaitley, in his budget speech today (Feb. 01), stated…

In photos: 70 years of Indian finance ministers presenting the budget

Later today (Feb. 01), India’s finance minister Arun Jaitley will present the union budget to parliament. This will be the Narendra Modi government’s last budget…
Modi's Budget Dilemma: Win Voters or Stick to Deficit Plan

Modi's Budget Dilemma: Win Voters or Stick to Deficit Plan

Indian Prime Minister Narendra Modi has a tough balancing act in this week’s budget: maintaining fiscal prudence or handing out cash to placate rural voters ahead of next year’s election.
India's Budget Squeeze May Put Corporate Tax Cuts on Hold

India's Budget Squeeze May Put Corporate Tax Cuts on Hold

Businesses waiting for Indian Prime Minister Narendra Modi to follow through on a pledge to cut corporate taxes may need to wait a bit longer.
One Budget, Nine Elections, 1.3 Billion People: India's Big Year

One Budget, Nine Elections, 1.3 Billion People: India's Big Year

Normally a field of lush green wheat stalks would lift Kishan Singh’s spirits. Yet weak prices mean even a good crop this year may not stop debt collectors from kicking him off his land in northern
As Modi goes to Davos, oil is not well with India

As Modi goes to Davos, oil is not well with India

Prime minister Narendra Modi is in Davos to hard sell India as the world’s most attractive investment destination. But suppressed crude oil prices—the big joker…
What India can learn from Italy about selling its national carrier

What India can learn from Italy about selling its national carrier

India’s cleared the path for 49% foreign direct investment (FDI) in Air India, possibly the most decisive move yet to privatise the national carrier over…
Indian banks are choking bitcoin exchanges by blocking payments and withdrawals

Indian banks are choking bitcoin exchanges by blocking payments and withdrawals

The splash of 2017 may turn into a fight for survival for bitcoin this year in India. As the country’s cryptocurrency exchanges deal with the…
Bitcoin is neither legal nor illegal in India—and everyone’s confused

Bitcoin is neither legal nor illegal in India—and everyone’s confused

Confusion reigns in India’s cryptocurrency ecosystem. The Narendra Modi government and India’s central bank have made it amply clear they aren’t comfortable with virtual currencies.…