Arun Jaitely News

Job creation through growth: New ASSOCHAM President

ANI Feeds February 22, 2017 2:39 PM IST

Welcoming various steps taken by the Government to curb black money and corruption, new ASSOCHAM President Sandeep Jajodia today said, as economy is still in the stage of remonetization, the people should be encouraged and not discouraged to start spending again. Enough cash in both rural area and cities, along with some bold and pragmatic decisions on issues like bank NPAs would be key drivers for reverting to eight percent growth, he said.

Banks to issue Electoral Bonds to enable donations to political parties

ANI February 1, 2017 3:15 PM IST

In a significant step to cleanse the system of funding of political parties, the Union Minister for Finance and Corporate Affairs Arun Jaitely announced on Wednesday that donations to political parties can soon be made by purchasing electoral bonds from authorized banks. The Finance Minister said that the Government will soon frame a Scheme in this regard and an amendment is being proposed to the Reserve Bank of India Act to enable the issuance of electoral bonds. He said that a donor could purchase bonds from authorised banks against cheque and digital payments only.

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