Union Minister Arun Jaitley who currently heads the Finance, as well as the Defense Ministry, hinted at a major Cabinet reshuffle on Thursday morning. While talking to media, Jaitley said that he hoped not to remain the Defense Minister for long.
Union Minister Arun Jaitley who currently heads the Finance, as well as the Defense Ministry, hinted at a major Cabinet reshuffle on Thursday morning. While talking to media, Jaitley said that he hoped not to remain the Defense Minister for long. “At least I hope not very long,” Jaitley was quoted saying by ANI after he was asked for how long will he continue as the Defense Minister of India. This statement came hours before Jaitley met the Bharatiya Janata Party chief Amit Shah at his Delhi residence to reportedly discuss the strategy for the upcoming Gujarat elections. Interestingly, he got the Defense Ministry after Manohar Parrikar left to become the Goa chief minister earlier this year.
Yesterday, the Cabinet had cleared 65 recommendations of the Shekatkar committee, which was asked to make recommendations for enhancing combat capability and balancing defense expenditure. The news was confirmed by Jaitley who while speaking to media said that out of 92 recommendations by the committee, 65 were approved. “This will lead to a redeployment of 57,000 officers/JCOs/ORs for various other functions in #IndianArmy,” he was quoted saying by ANI.
The most important decision taken in this meeting was to allow raising the maximum rate at which the Compensation Cess can be levied, from 15 percent to 25 percent. Jaitley said that it will be up to the GST Council to decide on whether it wants to increase the quantum of the cap from 15 percent to 25 percent, with regard to two categories of vehicles. “There are 12 different categories of automobiles, of which two are affected by today’s Cabinet decision on cess”, he added as per ANI.
The Cabinet also cleared the MoU between India and Brazil for cooperation in Zebu Cattle Genomics as well as the MoU between India and Myanmar for the conservation of earthquake-damaged pagodas at Bagan in the neighbouring country, ANI added.