Arun Jaitley is a Minister of Finance and Corporate Affairs under Prime Minister Narendra Modi. A member of the Bharatiya Janata Party (BJP), Jaitley also served as the Minister of Defence as an additional charge. In the Vajpayee government (1998–2004), he held the cabinet portfolios of Finance, Corporate Affairs, Commerce and Industry and Law and Justice. Since 1991, he has been a member of the national executive of BJP and became the spokesperson of the saffron party during the period preceding the 1999 Lok Sabha election. From 2009 to 2014 he served as the Leader of the Opposition in the Rajya Sabha. He is also a senior advocate in the Supreme Court. Since 1987, he has been practicing law before the Supreme Court of India and several High Courts in the country. Early life: In 1973, Arun Jaitley graduated with a honours degree in commerce, BCom from Shri Ram College of Commerce, New Delhi. In 1977, he passed his LLB degree from the Faculty of Law, University of Delhi. At the Delhi University, Jaitley was an Akhil Bharatiya Vidyarthi Parishad (ABVP) student leader and in 1974, rose to be the President of the Students Union of Delhi University. He was under preventive detention for a period of 19 months during the period of proclamation of Internal Emergency (1975–77). After getting out of jail, he joined the Jan Sangh.read more
The state, under the BJP rule, has shed its "Bimaru" (backward, laggard) tag and become "aspirational", Jaitley said.
Jaitley said he saw the reality of state parties in the country, but the nucleus of the coalition should be a party with a large political base and not a miniscule political base.
“It is believed that Andhra’s move is not motivated by any particular case, but by the fear of what is likely to happen. I am not saying anything more than that at the moment,” he added.
Speaking to reporters after releasing BJP's manifesto in Bhopal ahead of the Madhya Pradesh Assembly Elections, Jaitley said that demonetisation has increased the tax return filings and also increased the revenue of the states and the Centre immensely.
Jaitley said that every political viewpoint these days was able to find "some space in some section or the other", and pointed out that the social media permitted individual citizens to express their opinions freely.
"Modi has admitted to his theft in the Supreme Court. In the affidavit, he admitted to changes in the contract without asking the Air Force and putting Rs 30,000 crore in Ambani's pocket," Gandhi tweeted in Hindi.
But the minister was silent on Rajan's criticism of the note-ban, which has disrupted everyone's life in general and that of small traders and small businesses in particular.
Terming the criticism, that almost the entire cash money got deposited in the banks post demonetisation, as 'ill-informed', Jaitley said confiscation of currency was not an objective of demonetisation.
In a sudden move that took everyone by surprise, PM Modi had on this day in 2016, announced a ban on the currency notes of Rs 500 and Rs 1,000.
Jaitley pointed out that confiscation of currency was not an objective of Demonetisation, adding getting it into the formal economy and making the holders pay tax was the broader objective.
In 2017, India became the sixth largest economy with a Gross Domestic Product (GDP) of USD 2.59 trillion, relegating France to the seventh position.
The finance minister attributed the rise in the tax mop-up to lower tax rates and higher compliance.
Jaitley's comments reflect a growing tension between the RBI and the government, days after the central bank Deputy Governor Viral Acharya made a bold pitch for autonomy and independence in the banking regulator's functioning.
Delivering the first Atal Bihari Vajpayee Memorial Lecture at the India Ideas Conclave in New Delhi he asked whether Indira Gandhi or Rajiv Gandhi have ever gone to a congregation where 'Bharat ke tukde honge' slogan was raised.
Exhorting the Kashmiris to unitedly fight against terrorism, he said it is absolutely essential for all of us that in this battle, we need the Kashmiri people on our side.
The finance minister asserted that the govt was only interested in maintaining professionalism, the image and the institutional integrity of the CBI.
According to an eyewitness, the scenes were reminiscent of ones witnessed during the Partition of the country when millions of people lost their lives in violence.
Continuing to call Congress leader a 'clown prince', Jaitley in a Facebook blog wondered if Rahul Gandhi has a personality issue.
Addressing the 98th annual session of Assocham, Jaitley said swift decision-making of the Modi government has helped in handling the IL&FS crisis.
Jaitley said the Supreme Court has permitted Aadhaar linkage in several areas like income tax, based on "the principle of proportionality".