While the political squabble over purchase of 36 Rafale jets from Paris-based Dassault Aviation is far from over, the government is reportedly ready to give its nod to the long-drawn acquisition project for 114 new fighter jets.

Even as government pats itself on the back for 71 per cent surge in the number of income tax returns (ITRs) filed upto August 31 this year, the direct tax collection data released by CAG paints an uninspiring picture.

Vanaja Sarna successfully oversaw the biggest tax overhaul in the country.

Gandhi did not hold back any punches and said, \"Slap as many defamation suits as you want, but the truth remains that just as demonetisation was done to help the prime minister's crony capitalist friends, the Rafale deal was done to benefit Anil Ambani's group\".

Other than convincing the RBI and bankers to back the road projects, Jaitley will also have to work with the central bank to develop financial institutions.

Nirav Modi set up over 20 shadow companies, mostly in UAE and Hong Kong, to hide his loan money trail. Interestingly, the owners of all these shadow companies were the employees of his main company, Firestar Diamond.

The Congress chief alleged that money was taken from common people and handed over to crony capitalists under the guise of demonetisation.

Finance Minister Arun Jaitley on Wednesday called a couple of his former NDA colleagues 'career nationalists' who would be speaking a different language if they were in the government.

\"What was negotiated from 2015 to 2016 and finally executed in 2016, with the escalations and the currency variations, the basic aircraft price turns out to be 9 per cent cheaper. Is the Congress party aware of this?\" the Finance Minister further asked. 

Spicejet operates the first biojet fuel flight for the countrySpicejet's flight yesterday between Dehradun and Delhi was special. The flight was powered by a blend of 75% air turbine fuel and 25% biojet fuel. This was a first for the country which is looking for ways to cut down fuel costs.A blend of 25% of bio jet fuel and 75% of aviation turbine fuel (ATF) was carried in one of the two engines of the plane, while the other engine carried only ATF. International standards permit ...

If we have growth which is engineered on the strength of a 31 or 28 per cent credit offtake in a given year, then history will certainly record it as some indiscriminate lending, which is bound to show its impact on the future, says Jaitley.

Set up by Piyush Goyal when he was the interim finance minister, the panel today submitted a report on the review of penal provisions of Company Act 2013 to Arun Jaitley.

The compensation that independent directors receive from companies has been cited by many as a big reason, which undermines the independence of independent directors.

The government has introduced a single application form for foreign investors to enter into the domestic capital market as part of the exercise to improve ease of doing business.

Chanda Kochhar to be considered for director's post on ICICI Securities board; Haier's new unit in Greater Noida to generate 12,550 jobs; Anil Ambani files defamation suit against Congress leaders, asks to stop spreading 'misinformation'; Arun Jaitley to resume charge as finance minister. Watch more in this episode of Business Wrap.

Chanda Kochhar to be considered for director's post on ICICI Securities boardICICI Bank CEO and Managing Director Chanda Kochhar has suggested her name for a seat on the Board of Directors of ICICI Securities, the private lender's broking arm. The proposal will be up for consideration during the annual general meeting of ICICI Securities scheduled for August 30.Kochhar is facing scrutiny from several regulatory bodies as well as an internal probe initiated by the ICICI Bank over c...

Arun Jaitley, 65, stopped attending office at the beginning of April, and will be back in North Block - the seat of Finance Ministry - later today.

Look at the corporate governance theme to pick winning stocks.

Arun Jaitley was referring to the RBI's foreign exchange reserves which stood at $402.70 billion in the week ended August 3 which provides a comfortable cushion.

However, even before the scheme is launched on September 25, the birthday of Bharatiya Jana Sangh founder Deen Dayal Upadhyay, a number of fake websites have come up with the aim of cheating prospective beneficiaries.