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<ul><li>Former Finance Minister and senior BJP leader Arun Jaitely passed away at AIIMS on Saturday after prolonged illness. Jaitley had undergone dialysis on Thursday.</li><li>He was one of the few BJP members that supported PM Narendra Modi's back when he was under fire for 2004 Godhra riots. </li></ul> <keyword id="42575" type="PERSON" weightage="20" keywordseo="Arun-Jaitley">Arun Jaitley</keyword>, India's former Finance Minister, and prominent BJP leader passed away today at AIIMS. "It is with profound grief that we inform about the sad demise of Former <keyword id="6391015" type="UNKNOWN" weightage="20" keywordseo="finance-minister-arun-jaitley">Finance Minister Arun Jaitley</keyword>, Member of Parliament (MP) at 12:07 p.m. on Saturday. Jaitley was admitted in AIIMS, New Delhi on August 9 and was treated by a multi-disciplinary team of senior doctors," said Aarti Vij, Chairperson, Media and Protocol, AIIMS. <div type="Article" hostid="261" msid="70815608" title="Arun Jaitley, every big man's friend, passes away at the age of 66-- leaves behind lessons in the art of the possible" mstype="2" mssubtype="0"></div> Here are some lesser-known facts about Arun Jaitley <div type="embedgroup" originid="carousel_1566633571133"><title>Untitled Carousel</title> <div type="Slideshow" msid="70815904" hostid="261" title="Arun Jaitley, the man who had Narendra Modi&amp;#39;s back during Gujarat riots" rank="1.0" mstype="8" mssubtype="0" firstImageMsid="70816100" slideCount="9"></div></div>

Lesser known facts about the late Arun Jaitley

<ul><li>Indian has revoked the “most favoured nation” (MFN) status to <keyword id="3001" type="LOCATION" weightage="20" keywordseo="Pakistan">Pakistan</keyword> in the wake of a <keyword id="41453" type="PERSON" weightage="20" keywordseo="Suicide-attack">suicide attack</keyword> by Jaish-e-Mohammad (JeM) in Kashmir. </li><li>The MFN status grants a foreign country favourable access to domestic markets and beneficial trade terms. </li><li>India contends that JeM has been given a safe haven and a launchpad by the Pakistani establishment. </li></ul>Indian government has <a href="https://twitter.com/PIB_India/status/1096282961161244672">revoked </a>the “most favoured nation” (MFN) status to Pakistan in the wake of a suicide attack by Jaish-e-Mohammad (JeM) in Kashmir. The MFN status grants a foreign country favourable access to domestic markets and beneficial trade terms. India contends that JeM has been given a safe haven and a launchpad by the Pakistani establishment. Speaking to reporters, <keyword id="42575" type="PERSON" weightage="20" keywordseo="Arun-Jaitley">Arun Jaitley</keyword>, who <a href="https://www.businessinsider.in/arun-jaitley-resumes-office-attend-security-meeting-on-pulwama-attack/articleshow/68003378.cms">resumed his role as finance minister today</a> to attend security meetings, said that those responsible for the attack would pay “a heavy price”. The <keyword id="4650805" type="PERSON" weightage="20" keywordseo="pulwama-Attack">Pulwama attack</keyword> on Thursday was the worst - by the number of deaths - since militancy erupted in Kashmir in 1989. The announcement comes the morning after Pakistan <a href="https://www.businessinsider.in/jaish-e-mohammad-from-pakistan-kills-45-indian-soldiers-but-government-denies-link/articleshow/68003080.cms">denied any involvement</a> in the suicide attack in Kashmir’s <keyword id="1294304" type="LOCATION" weightage="20" keywordseo="Pulwama-district">Pulwama district</keyword> which killed 45 members of the Indian army. An additional 38 people were wounded. Most militant attacks in Kashmir attacks in recent years have been coordinated by either the JeM or Lashkar-e-Taiba, another Pakistani outfit. While India, along with the rest of the world, has repeatedly pressed Pakistan to clamp down harder on homegrown terrorist networks, it seems the requests have fallen on deaf ears. SEE ALSO: <a href="https://www.businessinsider.in/pulwama-attack-on-crpf-in-kashmir-condemned-by-pm-modi/articleshow/67997003.cms">India vows an ‘unforgettable lesson’ for the terrorists who killed 42 troopers</a> <a href="https://www.businessinsider.in/militant-attack-in-kashmir-on-crpf-convoy/articleshow/67994946.cms">42 security personnel killed in Kashmir in major militant attack: Reports</a>

India revokes Most Favoured Nation status to Pakistan after Pulwama attack

<ul><li>After 15 months the amount of money in circulations is 99.17% of what it was on 04 November 2016.</li><li> In January 2018, currency in circulation rose by approximately 89,000 crores and there was a sharp decline in digital transactions. </li><li>The Finance Minister, <keyword id="42575" type="PERSON" weightage="20" keywordseo="Arun-Jaitley">Arun Jaitley</keyword>, had set an ambitious goal of 25 billion digital transactions in his Union Budget for 2017-18. </li><li>Around 14.8 billion transactions have been recorded from 1 April 2017 to 28 January 2018. </li></ul>It's taken over a year but finally, the amount of currency in circulation is almost at pre-demonetisation level. Few will forget the day when Prime Minister <keyword id="6354477" type="PERSON" weightage="20" keywordseo="Narendra-Modi">Narendra Modi</keyword> made the announcement to pull the plug on Rs 500 and Rs 1000 notes in order to combat fake currency, black money and corruption amongst others. The chaos that ensued due to this move included snaking queues in front of banks, a total breakdown of the supply chain leading to the shortage of essential goods, loss in wages for daily labourers and even death. Whether or not the assault managed to actually curb these menaces is a matter of great debate but finally, after 15 months the amount of money in circulation is 99.17% of what it was on 04 November 2016 (the last weekend before the <keyword id="3315394" type="PERSON" weightage="20" keywordseo="demonetisation">demonetisation</keyword> announcement). According to the latest <keyword id="6354335" type="CITY" weightage="20" keywordseo="reserve-bank-of-india">Reserve Bank of India</keyword> (RBI) data, total currency in circulation as on 23 February 2018 was at Rs 17.82 lakh crore and the pre demonetisation amount was Rs 17.97 lakh crore. Though one of the intended purposes of the note ban was to nudge people into embracing digital payment mechanisms, a move that was achieved to some degree, it looks like the economy is pivoting back to relying on cash transactions. In January 2018, currency in circulation rose by approximately 89,000 crores and there was a sharp decline in digital transactions. The Finance Minister, Arun Jaitley, had set an ambitious goal of 25 billion digital transactions in his Union Budget for 2017-18 but only around 14.8 billion transactions--including bank-to-bank electronic money transfers, digital wallet payments, Aadhaar-based and electronic toll payments--have been recorded from 1 April 2017 to 28 January 2018 according to data compiled by the ministry of electronics and IT (MeitY).

A year past, currency circulation in India is back to pre-demonetisation levels

While speculations are rife about the <keyword id="6354642" type="PERSON" weightage="100" keywordseo="Modi">Modi</keyword> cabinet going in for a possible reshuffle soon after the presidential poll, PM Modi has reportedly asked his ministers to prepare a presentation in the form of a report card highlighting their achievements. The ministers have been given a month’s time to prepare the presentations, which involves comparison of their achievements department during the three years of <keyword id="41281" type="ORGANIZATION" weightage="100" keywordseo="NDA">NDA</keyword> rule with the last three years of <keyword id="6355364" type="ORGANIZATION" weightage="100" keywordseo="UPA">UPA</keyword>. The timing of this performance appraisal has led to observers linking it to a possible ministerial reshuffle. Now that the Modi-led government has spent three years in power, their focus for the remaining two years before the 2019 <keyword id="6355187" type="ORGANIZATION" weightage="100" keywordseo="Lok-Sabha">Lok Sabha</keyword> polls would be on highlighting their success stories. With <keyword id="6363133" type="PERSON" weightage="100" keywordseo="Manohar-Parrikar">Manohar Parrikar</keyword> returning to Goa as the CM leaving defence ministry in the hands of finance minister <keyword id="42575" type="PERSON" weightage="100" keywordseo="Arun-Jaitley">Arun Jaitley</keyword> and the sudden death of environment minister <keyword id="339802" type="PERSON" weightage="100" keywordseo="Anil-Madhav-Dave">Anil Madhav Dave</keyword> leading to Harsh Vardhan been made the incumbent minister, there’re also some vacancies in the cabinet.

Cabinet to have its performance appraisal soon

Presenting his third budget, <keyword id="42575" type="PERSON" weightage="100" keywordseo="Arun-Jaitley">Arun Jaitley</keyword> today announced some key new schemes while presenting the <keyword id="3206186" type="UNKNOWN" weightage="100" keywordseo="Union-Budget-2016">Union Budget 2016</keyword>. Here are the highlights- 
 
AGRICULTURE

	 
	Stating that agriculture and the security of farmers are a chief area of focus for the government, he went ahead to state that under Fasal Bima Yojana, farmers would have to pay a nominal amount of insurance premium and a highest ever compensation in case of crop loss. 
	To ensure this is done, he has allocated Rs 5,500 crores in the Budget. 
	 
	The allocation to Pradhan Mantri’s Gram Sadak Yojna to be increased to Rs 19,000 crore. 
	 Additionally, to give further income security to the very people who ensure our food security, <keyword id="6355261" type="POSITION" weightage="20" keywordseo="Finance-minister">Finance Minister</keyword> Arun Jaitley promised to double the income of farmers by 2022. Thus, an amount of Rs 35,894 crore has been set aside for the welfare of farmers this year. 
	The Pradhanmantri Krishi Sinchaai Yojana is thus strengthened and implemented in mission mode. 
	 
	 
	LPG GAS CONNECTION FOR BPL FAMILIES 
	 
	Jaitley also announced launching another initiative to provide cooking subsidy to BPL families so as to rid them from the adverse effects of chura cooking. 
	 
	He explained that the government would provide a LPG connection to families in the name of the woman members. A sum of Rs 2,000 crore has been allocated to meet the initial cost of providing the LPG connection. According to the Finance Minister, approximately 1,50,00,000 BPL houses. 
	 
	The scheme is expected to continue for more than two years and will cover atleast 5 crore houses. 
	 
	This will not only ensure universal coverage of cooking gas in the country but will also improve women’s health and provide employment in supply chain of the cooking gases for the youth in rural areas. 
	 
	 
	DIGITAL LITERARY SCHEMES 
	 
	As part of the government's increased rural push, Jaitley also launched two new digital literary schemes for rural India. 
	 
	 
	SWACCHH BHARAT ABHIGYAN 
	 
	Additionally, Rs 9000 crore has been allocated for Swacchh Bharat Abhigyan in a bit to put an end to open defecation. 
	 
	 
	HEALTH INSURANCE 
	 
	There’s also the health protection scheme which guarantees a health cover of Rs 1,30,000 for senior citizens. There will be an additional topup of Rs 30,000 per family and 300 generic drug stores to be opened under Pradhan Mantri Jan Aushadi Yojana. 
	 
	 
	STANDUP INDIA 
	 As far as Standup India is concerned, Jaitley has allocated Rs 500 crore to ensure <keyword id="107737" type="ORGANIZATION" weightage="100" keywordseo="Entrepreneurship">entrepreneurship</keyword> to ST/SCs and women. He wants them to be job-givers and not seekers. Under this, two projects will be promoted ber bank per branch per category. 
	 
	“On the occasion of B.R Ambedkar’s 125th anniversary, we must ensure that this must be the year of <keyword id="352701" type="ORGANIZATION" weightage="100" keywordseo="Economic-Development">economic development</keyword> for ST/SCs,” he said. 
	 
	 
	NATIONAL SKILL DEVELOPMENT MISSION 
	 
	Also, under the National Skill Development Mission which has imparted training to 76 lakh youth, 1500 multi skill-training institutes would be set up, Jaitley announced. 
	 
	Under the Pradhan Mantri Kaushal Vikas Yojana, the aim would be to skill 1 crore youth in the next 3 years. 
	 
	BI VIEW: In times of distress, the Modi government turned to rural India. The cooking subsidy, digital literary scheme is bound to make a statement, so is the push for farmers' welfare in light of the drought and farmer suicides. Additionally, after Rohith Vermula's tragic death that captured the appetite of Indian citizens, encouraging entrepreneurship for SC/STs is undoubtedly a welcome change. 
	 
	Image credit: PIB India

Budget 2016: Finance Minister Arun Jaitley's big scheme announcements focus on rural India, agriculture and SC/STs

With noted economist <keyword id="6366253" type="PERSON" weightage="20" keywordseo="Arvind-Panagariya">Arvind Panagariya</keyword> taking charge as Vice-Chairman of the National Institution for Transforming India (NITI) Aayog, which was announced by Prime Minister <keyword id="6354477" type="PERSON" weightage="20" keywordseo="Narendra-Modi">Narendra Modi</keyword> in his first Independence Day speech on August 15, 2014, the <keyword id="46913" type="ORGANIZATION" weightage="20" keywordseo="Planning-commission">Planning Commission</keyword>, a vestige of the Nehruvian socialist era, has literally become a memory. 
 
The Planning Commission was established on 15 March 1950, with the then Prime Minister Jawaharlal Nehru as the Chairman mainly to formulate a plan for utilisation of country's resources and definingthe stages, on the basis of priority, in which the plan should be carried out. 
 The first Five-Year Plan, launched in 1951, focused mainly on development of the agricultural sector and the emphasis of the eight subsequent Plans was on a growing public sector with massive investments in basic and heavy industries. However, since the launch of the Ninth Plan in 1997, the emphasis on the public sector has become less pronounced and it has been suggested that the Planning Commission should henceforth play a strategic and indicative role, assisting the Centre and State in carrying out broader economic planning. Subsequently, it was scrapped last year and <keyword id="2665691" type="UNKNOWN" weightage="20" keywordseo="Niti-Aayog">NITI Aayog</keyword> was constituted following a Cabinet resolution. 
 Sixty-two-year-old Arvind Panagariya, who is named as the first Vice-Chairman of NITI Aayog (in contrast, Planning Commission had a Deputy Chairperson at the helm), is an Indian-American economist and Professor of Economics at Columbia University. A close associate of well-known trade economist Jagdish Bhagwati, Panagariya is known for his market-friendly views. He has earlier Chief Economist of Asian Development Bank and a Professor of Economics and Co-director, Centre for International Economics, University of Maryland at College Park. Holding a Ph D in Economics from Princeton University, Panagariya has also worked for <keyword id="6354424" type="ORGANIZATION" weightage="20" keywordseo="World-Bank">World Bank</keyword>, International Monetary Fund, World Trade Organisation, and the United Nations Conference on Trade and Development (UNCTAD) in various capacities. 
 The <keyword id="6360789" type="ORGANIZATION" weightage="20" keywordseo="Modi-Government">Modi government</keyword> also named Sindhushree Khullar (who was appointed as the Secretary of Planning Commision in April 2012 and continued to hold the post even after the Modi Government scrapped the Cabinet resolution in August 2014 through which the Planning Commission set up) as the first CEO of NITI Aayog. 
 
Earlier this month, Prime Minister Narendra Modi, who is NITI Aayog’s Chairman, <a href="http://pib.nic.in/newsite/mbErel.aspx?relid=114338">appointed</a> economist Bibek Debroy and former Defence Research &amp; Development Organisation (DRDO) chief V K Saraswat as full-time members. 
 Also, Union Home Minister <keyword id="6355121" type="PERSON" weightage="20" keywordseo="Rajnath-Singh">Rajnath Singh</keyword>, Union Finance Minister <keyword id="42575" type="PERSON" weightage="20" keywordseo="Arun-Jaitley">Arun Jaitley</keyword>, Railways Minister Suresh Prabhu and Union Agriculture Minister Radha Mohan Singh are Ex-Officio members. In addition, Union Roads and National Highways Minister Nitin Gadkari, Union Human Resource Development Minister Smriti Zubin Irani and Union Social Justice and Empowerment Minister Thawar Chand Gehlot are special invitees to the NITI Aayog. 
 
As NITI Aayog is expected to meet soon to review the 12th plan that runs up to 2017, there are concerns whether the government is going scrap Five Year Plans altogether. A section of economists has been arguing that the Five Year Plans should go along with the Plan Panel. Modi, too, has repeatedly said states should be given a free hand in determining their policies and plans, indicating that Five Year Plans are redundant. 
 
Another topic of debate is the classification of public expenditure in terms of revenue and capital, and plan and non-plan expenditures. Plan expenditure is spent on government programmes and schemes, while non-plan expenditure includes spending on defence, subsidies and devolution to states. The government has been trying to remove the distinction as it has become dysfunctional and an obstacle in outcome-based budgeting. As NITI Aayog assumes responsibility as the government’s economic think tank, one is curious as to how it would approach plan and non-plan expenditures. 
 
Given the multiplicity of NITI Aayog’s objectives—as a centre-state council, think tank and advisory body—its proposed structure seems to be cumbersome. Also, considering the untimely death of Planning Commission, which was not a Constitutional body and was not set up through legislation, one is forced to wonder about the fate of NITI Aayog, which too was not set up though legislation, in the long run. 
 
Image: Indiatimes

Will NITI Aayog Effectively Substitute Nehruvian Planning Paradigm?

Everyone at court was waiting in bated breath for <keyword id="38062" type="PERSON" weightage="20" keywordseo="Ram-Jethmalani">Ram Jethmalani</keyword> to speak, as he appeared as the counsel of one of the country’s most controversial cases between RIL and RNRL at Bombay High Court in 2009. Jethmalani was ominously quiet as he heard his opponent and famous advocate Harish Salve speak for hours at a stretch. When the court was adjourned, Jethmalani stood up and requested the bench to stall for a few minutes as he had something to say. Every reported had a pen tight on the notepad and ears peeled, but Jethmalani said, “Once in a village there was a man who spoke so much that everyone was too tired of listening to him.” Salve was amused, and the bench cracked up. Today, one of India’s most famous voices fell silent as he passed away at the age of 96 following a prolonged illness. His funeral will be held in Delhi on Sunday. A clan of warriors It was not just his candour that Jethmalani was known for, but also his courage. He was one of the few who represented clients who went against the government. Probably, it was something he inherited from his ancestors. They had fought for his homeland Sindh alongside British general Charles Napier, who eventually won the war but also admitted ‘to a noble form of rascality’. Jethmalani became those industrious few refugees who thrived in a new India. He was all of 17 when he earned his law degree, thanks to the many ‘triple promotions’ he received at school. Famous clients and infamous cases In the first few years Jethmalani earned the dubious reputation of being a ‘smuggler’s advocate’ after he represented mafia leader Haji Mastan in a case. He was only the first of the many underdogs that Jethmalani both successfully and unsuccessfully, represented. He picked cases that no one else would and select clients that no one would dare to — including stock market scamster Harshad Mehta, the man who killed former prime minister Rajiv Gandhi, V Sriharan, and Afzal Guru who was convicted for an attack on the parliament. But, Jethmalani wasn’t always on the right side of things in the governments and public opinion. He defended religious guru Asaram Bapu in a rape case against a minor. He was also the lawyer of Manu Sharma who was accused of shooting Jesssica Lal — a case which turned into a public outrage. Yet, Jethmalani was unfazed through it all — even when public criticized him and the Bharatiya Janata Party (BJP) expelled him in 2013. By the time he retired in 2017, he probably had as many detractors as fans and clients combined in an illustrious career. And he did not go out quietly. Jethmalani who<a href="https://www.indiatoday.in/india/story/ram-jethmalani-arvind-kejriwal-arun-jaitley-defamation-case-1026286-2017-07-26"> represented Delhi chief</a> minister Arvind Kejriwal a ₹2 crore bill, chose to fight his own arch nemesis Arun Jaitley right before his departure from law.

Maverick untamed Ram Jethmalani passes away at 96

<ul><li>An improvised explosive device kills 34 security personnel in Pulwama, Kashmir</li><li>Prime Minister Narendra Modi calls the attack ‘dastardly’</li><li>It is the deadliest terrorist attacks seen in the troubled valley in recent years</li><li>Government tells TV channels to not show that can incite violence or anti-national attitudes</li></ul> The Indian government has issued a caution advisory to the country's television channels reporting on the terrorist attack that killed nearly 42 Indian security personnel in Pulwama, Kashmir. A late evening advisory from the government advised caution particularly with content, which "can incite violence or contains anything against the maintenance of law and order or which promotes anti-national attitudes, and/or anything that contains anything affecting the integrity of the nation; and ensure that no such content is telecast which is violative of these codes." Prime Minister Narendra Modi condemned the attack in a tweet along with other leading ministers of his cabinet. Union Minister Arun Jaitley called the attack an act of “cowardice: while warning that “terrorists will be given an unforgettable lesson for their heinous act.” The Pakistan-based Jaish-e-Moahammad (JeM) has claimed responsibility for the bloodbath and released a video clip of the suicide bomber which it claimed was shot before the young man carried out the audacious attack in Lethpora, about 30 km from here. -- With inputs from IANS

Indian TV channels get an advisory to report Pulwama attack with 'caution'

<ul><li>An improvised explosive device kills 34 security personnel in Pulwama, Kashmir </li><li>Prime Minister Narendra Modi calls the attack ‘dastardly’ </li><li>It is the deadliest terrorist attacks seen in the troubled valley in recent years</li></ul>The Indian government has issued a stern warning in response to the militant attack that has killed at least 42 Indian security personnel in Kashmir’s Pulwama district. Prime Minister Narendra Modi condemned the attack in a tweet along with other leading ministers of his cabinet. 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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 "The attack ... is despicable. I strongly condemn this dastardly attack. The sacrifices of our brave security personnel shall not go in vain. The entire nation stands shoulder to shoulder with the families of the brave martyrs," Modi tweeted. Home Secretary Rajiv Gauba is said to be rushing to Srinagar for a high-level security meeting on Friday, reported IANS. "Today's dastardly attack ... is extremely painful and disturbing. I bow to each and every CRPF jawan who has sacrificed his life in service to the nation," India’s Home Minister Rajnath Singh said. Union Minister Arun Jaitley called the attack an act of “cowardice: while warning that “terrorists will be given an unforgettable lesson for their heinous act.” 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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 The Pulwana attack is the worst since militancy erupted in 1989. On Thursday afternoon, a suicide bomber reportedly rammed an SUV packed with explosives into a bus carrying CRPF security personnel, killing at least 42 and injuring many others. The bus was part of a 78-vehicle convoy that was travelling on the the Srinagar-Jammu highway in Pulwama district. The Pakistan-based Jaish-e-Moahammad (JeM) has claimed responsibility for the bloodbath and released a video clip of the suicide bomber which it claimed was shot before the young man carried out the audacious attack in Lethpora, about 30 km from here. The group said one of its commanders, Adil Ahmad Dar, was the suicide bomber. Police sources and other officials told IANS the suicide bomber-driven SUV came along the Central Reserve Police Force (CRPF) bus when the 78-vehicle convoy carrying 2,547 security personnel was going from the transit camp in Jammu to Srinagar and rammed it into the bus around 3.15 p.m., triggering a deafening explosion. The first report spoke of eight deaths. But the death toll quickly mounted. The bus was said to be transporting 39 troopers. CRPF officials told IANS the bus was the main target of the militants and was destroyed fully while another CRPF vehicle was partly damaged. "It is difficult to believe how anyone in the bus could have survived," said a police officer. WIih IANS See also: <a href="https://www.businessinsider.in/militant-attack-in-kashmir-on-crpf-convoy/articleshow/67994946.cms">34 security personnel killed in Kashmir in major militant attack: Reports</a>

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Lesser known facts about the late Arun Jaitley

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India revokes Most Favoured Nation status to Pakistan after Pulwama attack

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A year past, currency circulation in India is back to pre-demonetisation levels

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Cabinet to have its performance appraisal soon

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Budget 2016: Finance Minister Arun Jaitley's big scheme announcements focus on rural India, agriculture and SC/STs

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Will NITI Aayog Effectively Substitute Nehruvian Planning Paradigm?

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Maverick untamed Ram Jethmalani passes away at 96

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Indian TV channels get an advisory to report Pulwama attack with 'caution'

BI India Bureau

India vows an ‘unforgettable lesson’ for the terrorists who killed 42 troopers

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