> Under the Insolvency and Bankruptcy Code,
Jaitley created a framework for a time-bound
solution for bankrupt companies.
>
Set up Monetary Policy Committee
> Arun Jaitley rose GDP growth from 6.4
percent in FY14 to 6.8 percent in FY19, he also
brought down consumer price inflation from 9.5
percent in FY14 to 2.92 percent in April 2019.
> Arun Jaitley merged five associated banks
of State Bank of India (SBI) and Bharatiya
Mahila Bank with SBI, and also merged Vijaya
Bank and Dena Bank with Bank of Baroda.
> Abolished artificial boundary of plan and
non-plan expenditure and a separate railway
budget.
The reason behing BJP’s landslide victory
in 2014 election is owed to Arun Jaitley’s
strategies.
Personal Life
Arun Jaitley married Sangeeta, daughter of
former Jammu and Kashmir finance minister
Girdhari Lal Dogra, on 24 May 1982. They
have two children.
What Arun Jaitley Achieved as Finance
Minister?
>
Implemented indirect tax reform.
> Clean-up of the banking sector’s non-
performing assets.
SEPTEMBER 2019 | WWW.WISHESH.NET