Politics

Prime Minister Narendra Modi (PTI file)
Arun Jaitley passed away on Saturday at the age of 66 (PTI)
Arun Jaitley passed away on Saturday at the age of 66 (PTI)

India Inc mourns Arun Jaitley's demise, hails his reform measures

  • A gifted orator, dynamic parliamentarian, champion of public policy and a man with an invaluable ability to connect with people: Adani group chairman Gautam Adani
  • India has lost one of the finest political leaders and a legal luminary: Bharti Airtel chairman Sunil Bharti Mittal

Home minister Amit Shah with BJP working president JP Nadda and petroleum minister Dharmendra Pradhan addresses the media outside Arun Jaitley's residence, in New Delhi on Saturday (Ramesh Pathania/Mint)
Home minister Amit Shah with BJP working president JP Nadda and petroleum minister Dharmendra Pradhan addresses the media outside Arun Jaitley's residence, in New Delhi on Saturday (Ramesh Pathania/Mint)

Party leaders, lawyers pay last respects at Arun Jaitley's residence

  • At Arun Jaitley’s home, there was an arrangement of a makeshift podium, where people could speak and express their grief
  • The former finance minister's last rites will take place on Sunday at 4 pm at the Nigambodh Ghat

Congress leader Rahul Gandhi (PTI file)
Congress leader Rahul Gandhi (PTI file)

Delegation of Opposition leaders sent back from Srinagar

  • The delegation of Opposition leaders from eight parties included senior Congress leaders Rahul Gandhi and Ghulam Nabi Azad, CPI general secretary D Raja, Manoj Jha, among others
  • They criticised the government for hiding the truth and alleged that the Centre was lying about the security situation

Arun Jaitley was under treatment for over a fortnight (Mint file)
Arun Jaitley was under treatment for over a fortnight (Mint file)

Arun Jaitley's last rites on Sunday

  • The cremation will take place on Sunday at New Delhi's Nigambodh Ghat
  • The former union minister passed away at the All India Institute of Medical Sciences (AIIMS) after a prolonged illness

A file photo of Arun Jaitley. (Reuters)
Former finance minister Arun Jaitley. Photo: Pradeep Gaur/ Mint
A file photo of Arun Jaitley. (Reuters)
Former Finance Minister and BJP leader Arun Jaitley. (Photo: PTI)
Formaer Finance minister Arun Jaitley passes away at 66 (PTI)
SP president Akhilesh Yadav. (Photo: Sonu Mehta/HT)
A file photo of Sonia Gandhi
The FM said additional liquidity support of  ₹20,000 crore will be provided to housing finance companies by the National Housing Bank, taking the total amount to  ₹30,000 crore. (HT )
The FM said additional liquidity support of 20,000 crore will be provided to housing finance companies by the National Housing Bank, taking the total amount to 30,000 crore. (HT )

Finance ministry moves to boost spending, loosens purse strings

  • Nirmala Sitharaman said this was only the start and that she would announce more reform measures over the next week
  • Sitharaman said the ban on the purchase of new vehicles by government departments will be lifted

The finance minister also reiterated the government’s five-year commitment of investing  ₹100 trillion for infrastructure. (Indranil Bhoumik/Mint)
The finance minister also reiterated the government’s five-year commitment of investing 100 trillion for infrastructure. (Indranil Bhoumik/Mint)

Move to clear dues a boost for infrastructure

  • Separate financial institution for credit enhancement for infra, housing projects is also on the cards
  • The finance minister also reiterated the government’s five-year commitment of investing 100 trillion for infrastructure

With a demand slump due to the liquidity crisis, auto sales have been on a decline, leading to production cuts and job losses. (Mint )
With a demand slump due to the liquidity crisis, auto sales have been on a decline, leading to production cuts and job losses. (Mint )

Automakers get a dose of some good karma

  • To boost consumer demand, the depreciation on new vehicles for commercial fleet buyers was increased from the existing 15% to 30%
  • With a demand slump due to the liquidity crisis, automobile sales have been on a decline, leading to production cuts and job losses

Analysts say that once home and other bank loans get cheaper, the savings will probably move indirectly to appliances and fast-moving consumer goods. (Mint )
Analysts say that once home and other bank loans get cheaper, the savings will probably move indirectly to appliances and fast-moving consumer goods. (Mint )

Steps to increase liquidity and boost growth to revive consumption cycle

  • Sitharaman’s announcements come amid sluggish consumer demand across sectors, from biscuits to auto
  • Nirmala Sitharaman said public sector banks will get an immediate recapitalization of 70,000 crore to ease the liquidity crisis, which is hurting big and small traders

(Photo: Reuters)
Finance Minister Nirmala Sitharaman, MoS for Finance Anurag Thakur, and finance secretary Rajiv Kumar during a press conference in New Delhi.  (PTI)
Finance Minister Nirmala Sitharaman, MoS for Finance Anurag Thakur, and finance secretary Rajiv Kumar during a press conference in New Delhi. (PTI)

Government gets civil about CSR activities

  • CSR-related violations will be now considered a ‘civil liability’, instead of being treated as a ‘criminal offence’
  • Any changes in the provisions will require further amendments to the Companies (Amendment) Act

Alka Lamba (Photo: Sonu Mehta/HT)
Alka Lamba (Photo: Sonu Mehta/HT)

AAP's Alka Lamba marshalled out of Delhi Assembly

  • After requesting her several times to take her seat while she continued speaking, the Speaker ordered her to be marshalled out of the House untill the tea break.
  • Lamba raised the issue of families being forced to take loans for treatment in government hospitals

(Photo: Reuters)