10 vital works of ex-Finance Minister that modified destiny of nation – India TV
Many senior BJP leaders together with Union House Minister Amit Shah on Saturday paid tribute to former Finance Minister Arun Jaitley on his delivery anniversary. A lawyer by occupation, Jaitley’s political journey began with Akhil Bharatiya Vidyarthi Parishad (ABVP) and he grew to become probably the most famend politicians and one of many most interesting finance ministers in India.
Throughout his profession, he contributed to the nation by taking part in a vital function in crafting and implementing a number of insurance policies. Listed here are 10 of his most outstanding works
1. Essential function in implementing GST (Items and Providers Tax)
Arun Jaitley performed an vital function in implementing GST within the nation. He made the idea of “one nation, one tax” profitable along with his knowledge.
2. Jan-Dhan Yojana
Beneath the Pradhan Mantri Jan-Dhan Yojana, tens of millions of individuals had been related to the banking system. This made monetary providers accessible to the poor part. Arun Jaitley performed an vital function in implementing this scheme.
3. Insolvency and Chapter Code (IBC)
Arun Jaitley did a number of work in implementing the Insolvency and Chapter Code to cope with the issue of unhealthy debt (NPA). Now this legislation is proving to be very useful in resolving financial disputes shortly.
4. Promotion of cashless economic system
Arun Jaitley’s contribution in selling the digital economic system by way of initiatives like Digital India and UPI will at all times be remembered.
5. Mudra Yojana
Arun Jaitley had introduced the Mudra Yojana to offer simple loans to small businessmen. Now beneath this, a mortgage of as much as Rs 20 lakh is well obtainable.
6. Ujjwala Yojana
Ujjwala Yojana was applied with the efforts of Arun Jaitley. Beneath the Ujjwala Yojana, free gasoline connections are given to ladies. This has benefited tens of millions of girls.
7. Maternity go away
Arun Jaitley, in view of the issues of girls, determined to extend the maternity go away to 26 weeks.
8. Demonetization
In 2016, Prime Minister Narendra Modi introduced on 8 November 2026 to curb faux foreign money, black cash, and corruption by banning previous notes of Rs 500 and Rs 1000. Arun Jaitley performed an vital function in implementing demonetization.
9. Restructuring of banking sector
Arun Jaitley labored to strengthen the banking sector by way of recapitalization and merger of presidency banks.
10. Discount in company tax
Arun Jaitley lowered the tax price for corporations to 25%, which boosted funding and job creation. Additionally, the FDI restrict was elevated in sectors like protection, retail and insurance coverage, which elevated international funding in India. These reforms of Arun Jaitley performed an vital function in making the Indian economic system trendy, inclusive and robust.
Entry into politics
Throughout his scholar life, Jaitley was a member of the ABVP. He was a scholar of the country-renowned Shri Ram Faculty of Commerce throughout his commencement days, he was additionally the coed union president of this faculty. After this, he pursued authorized schooling and was elected DU President within the 12 months 1974 as an ABVP candidate. When the Emergency was imposed within the nation through the rule of Indira Gandhi, many leaders and social staff throughout the nation had been put in jail. Arun Jaitley was additionally imprisoned in Delhi’s Tihar Jail for 19 months for opposing the federal government.
Arun Jaitley, who had labored as a employee of ABVP, Loktantrik Yuva Morcha, entered BJP within the 12 months 1980. In these days Arun Jaitley was additionally training legislation in Delhi. Arun Jaitley was changing into well-known everywhere in the nation as a lawyer and a frontrunner. He was positioned within the Nationwide Government of BJP in 1991. He was additionally been elected because the President of DDCA. In 2009, Arun Jaitley was additionally elected because the Vice President of BCCI.
