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Finance minister to present budget for FY16 on Feb 28

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Finance Minister Arun Jaitley along with his Budget team leaves for Rashtrapati Bhavan in this file photo. Pradeep Gaur/Mint

Finance Minister Arun Jaitley along with his Budget team leaves for Rashtrapati Bhavan in this file photo. Pradeep Gaur/Mint

New Delhi: Finance Minister Arun Jaitley will present his first full-year budget on February 28 for the 2015/16 fiscal year, a government official said on Wednesday.

The budget session of Parliament will begin on February 23, the railway budget will be presented on February 26 and the Economic Survey the next day.

The first part of the budget session will end on March 20. The second part will commence after a month-long recess on April 20 and the session will conclude on May 8, officials said.

Parliamentary committees will examine demands for grants of various ministries during the recess. The motion of thanks to the President’s address will be debated on February 24 and 25.

BJP wants to rule Kashmir – with Hindu chief minister

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Prime Minister Narendra Modi, BJP President Amit Shah and Union Finance Minister Arun Jaitley during the party's Central Election Committee meeting for the upcoming Assembly elections, in New Delhi on Sunday. Photo: PTI

File photo of Prime Minister Narendra Modi, BJP President Amit Shah and Union Finance Minister Arun Jaitley during the party’s Central Election Committee meeting during the J&K Assembly elections, in New Delhi. Photo: PTI

Srinagar/Jammu: The BJP declared Thursday that it was determined to govern Jammu and Kashmir amid speculation that the National Conference would ally with it if the BJP didn’t insist on a Hindu chief minister for the country’s only Muslim-majority state.

BJP leaders Arun Jaitley and Ram Madhav made known the party’s intentions separately in Jammu and Srinagar, with the latter saying he was in the state to explore various options on government formation after elections led to a hung 87-member assembly.

The BJP and the National Conference, the second and third largest groups in the house with 25 and 15 members, denied they were in secret talks. The Peoples Democratic Party (PDP), which won 28 seats, was reportedly looking at both the Bharatiya Janata Party and the Congress as possible allies.

Jammu and Kashmir must have a BJP-led government, party general secretary Ram Madhav said, adding he was in Srinagar to explore the various options.

Ram Madhav told reporters: “The BJP has the mandate to lead the government in Jammu and Kashmir. I am here to explore the options.”

He added that he was meeting representatives from different parties but did not provide details.
“We are open to discussions, and meetings can be had with the prime minister also in this regard,” he added, two days after the BJP emerged as the second largest group in the Kashmir assembly for the first time.

BJP sources told IANS that talks between the National Conference and the BJP had hit a roadblock because of the BJP’s insistence on having a Hindu chief minister.

In Jammu, Finance Minister Jaitley said the BJP would play a prominent role in government formation and the decision on its exact nature had been left to party president Amit Shah.

Briefing reporters after meeting newly-elected BJP legislators, Jaitley underlined that his party got the largest popular vote in the state though it contested from only 76 of the 87 constituencies.

He said the BJP was in touch with “independent and unattached” legislators.

“Whatever government is formed, the BJP should have a prominent role in the political process as the popular mandate in terms of highest vote is with us,” he said.

The National Conference, the sources said, was ready to support and even join a BJP-led coalition on the condition that the BJP gives up its demand for a Hindu chief minister.

At the same time, the PDP, while keeping its options open vis-a-vis the BJP, had sent feelers to Sajad Lone that he could be a deputy chief minister if he backed a PDP-Congress coalition, the sources said.

Sajad Lone’s People’s Conference has won two seats. Congress candidates were elected from 15 constituencies.

Another independent, Hakim Yaseen, has denied media reports that he had announced support for a BJP-led government.

Seven independents have also been elected to the assembly. A group of parties will need the support of 44 members to form a government.

Earlier, Ram Madhav denied a meeting had taken place between the National Conference and the BJP leadership.

Outgoing Chief Minister Omar Abdullah, who has been in New Delhi since Wednesday, retweeted Ram Madhav’s statement.

Some reports say the BJP would get the chief minister’s post for a full six years while Abdullah would join the union cabinet led by Prime Minister Narendra Modi.

A PDP spokesperson said the reports were meant to mount pressure on it to reach an early post-election agreement with the BJP. “As of now, we have decided to wait and watch,” the spokesperson told IANS.

All the BJP legislators were elected from the Hindu-majority Jammu region while almost all PDP and National Conference legislators won from the largely Muslim Kashmir Valley.

(IANS)

‘Burdwan blast part of BJP's devious gameplan drafted by RSS’

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derek-o-brien

New Delhi: The Trinamool Congress has called national security adviser Ajit Doval a known RSS sympathizer and revealed that the Burdwan blast was a part of a “devious” master gameplan of the BJP that was “conceived, drafted and approved by RSS”.

“The NSA is a known RSS sympathizer, these plans are hatched at RSS headquarters,” TMC leader Derek O’Brien said on Sunday reacting to Arun Jaitley’s comment on Mamata Banerjee.

Calling it a part of a larger BJP gameplan, the TMC leader said they will come out with more facts in the next 48 hours.

Making a pointed reply to finance minister’s comment stating that Mamata’s action in Burdwan blasts probe was “neither responsible nor nationalistic”, the TMC leader said, “Jaitley ji do what you want but TMC doesn’t need lessons on nationalistic ideas.”

Questioning BJP’s funding, Derek O’Brien asked, “Where did BJP raise their money for LS polls, where is the party getting their big money?”

“Why don’t they (BJP) provide transparent accounts?” he said adding, “If nation knows how much black money is spent by BJP, they will become a blacklisted party.”

Trinamool Congress leadership has said it will raise the issue of black money on the floor of Parliament and seek support of like-minded parties on this issue.

Earlier, Arun Jaitley expressed disappointment over Mamata’s reaction to Saradha scam and Burdwan blasts. “Some individuals connected with the TMC have been involved in making easy money from the Ponzi schemes. The schemes have looted small investors. As a new political Party, it was incumbent on any responsible leader to purge the Party of such leaders. It is regrettable that Mamta Didi instead of doing that has chosen identify herself with the cause of these leaders,” Jaitley said in a Facebook post.

Referring to the Burdwan blasts probe, Jaitley wrote, “The National Intelligence Agency (NIA) has arrested several people who have engineered the blast. They are enemies of the State. The West Bengal Police or the other intelligence agencies have no substantive material to establish that the blast was stagemanaged? If there is no such material, why has Didi chosen to allege that the blast was stagemanaged? Such allegations clearly help the actual culprits. This is neither responsible nor nationalistic.”

Centre names 3 black money account holders in affidavit to SC

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The court also said that information about the alleged accused or his whereabouts by the informant will be recorded in writing or in electronic form.

New Delhi: The Union government has named three persons who are black money account holders in an affidavit to the Supreme Court, TV reports said.

According to television reports on Monday, the three persons named are Pradip Burman, director of the Burman Group, Pankaj Chimanlal Lodya, a Rajkot-based bullion trader and Radha S Timblo, a Goa-based miner and owner of Timblo Pvt Ltd.

The television reports also indicated that four members of the Congress party, including a former minister of the previous UPA regime, are under investigation, and added that their names may be revealed after the probe is completed. Among the four Congress party members are two belonging to powerful political families in the state of Maharashtra, the television reports further stated.

Last week, it was revealed that the Centre was likely to tell the apex court the names of the people against whom strong evidence exists of stashing away black money in Swiss banks in a major step in its crackdown on India’s parallel economy.

On Monday, Attorney General Mukul Rohatgi is reported to have submitted a supplementary affidavit in the apex court detailing plans to submit the list of names in a sealed envelope.

The court is due to continue hearings on a petition on black money the following day.

Prime Minister Narendra Modi’s government is moving fast to repatriate hundreds of billions of dollars in slush funds or black money stashed abroad, as part of a wider clampdown on corruption that he promised during his election campaign.

The government is building pressure particularly on Switzerland, seeking details of Indians who have parked unaccounted for money in Switzerland’s highly secretive banks. It has quickly implemented a Supreme Court directive to set up a high-powered special investigation team, headed by retired judge M B Shah, to look into the issue.

While there are no official estimates, Global Financial Integrity (GFI), a Washington-based think-tank, has estimated that Indians had parked USD 462 billion in overseas tax havens between 1948 and 2008.

Black money arises mainly from incomes not disclosed to the government usually to avoid taxation, and, sometimes, because of its criminal links. About a third of India’s black money transactions are believed to be in real estate, followed by manufacturing and shopping for gold and consumer goods.

Earlier, the BJP government had told the apex court that it could not disclose the names of those who have deposited money in banks abroad as it this would jeopardize tax agreements with nations providing those names to India.

There were murmurs of protest within the ruling BJP that not disclosing names would hurt the party’s image after it had made bringing back black money, a key issue in a general election that it won by a landslide. The Centre’s stand also drew a strong response from the Congress, which accused it of hypocrisy.

Turning the tables on the Congress, finance minister Arun Jaitley had recently said the disclosing of names of people holding black money accounts will embarrass the opposition party.

The Congress had hit back, daring the government to come out with complete information without indulging in “selective leaks” and pointing out that “the Congress is not going to be blackmailed under any such threat”.

(Agencies)

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