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India is becoming less-cash economy - Arun Jaitley

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London - Finance Minister Arun Jaitley said I don't see India becoming a cashless system immediately but I see India becoming less-cash economy. Union minister said the GST regime would also make generation of cash more difficult, besides making the taxation system much more efficient. He hoped that the GST would be implemented by July 1.Mr Jaitley in the UK to represent the Indian govt at a special reception hosted by Queen Elizabeth II at Buckingham Palace to launch the UK-India Year of Culture.

No longer willing to let defaulters escape the law - Jaitley
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London-India is no longer willing to let defaulters escape the law said Indian Finance Minister Arun Jaitley .He was speaking at a session on Transforming India,Vision for the Next Decade, organised by the London School of Economics South Asia Centre. The remarks were an apparent reference to liquor baron Vijay Mallya, who is wanted in India for loan default and other cases.Earlier this month, India had formally requested Britain to extradite Mallya for standing trial.

Innovation real way to achieve prosperity of India : Javadekar

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Pune- Innovation was the real way of achieving the nation's prosperity said Union HRD Minister Prakash Javadekar. it can be achieved by letting young minds think out of box said minister. He was addressing students at KPIT Sparkle 2017 event in Pune.In order to bring the best of the best talent back to India, government has come up with Global Research Innovation Network, the minister added.

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