New Delhi, March 7, 2017

Union Finance Minister Arun Jaitley today said that the Finance Bill of 2017 would be passed in Parliament before March 31. A Finance Bill is a secret bill that is introduced every year in Lok Sabha after the presentation of the Union Budget by the Finance Minister. The introduction of the finance bill is done so that all financial proposals made by the Government of India in the Union Budget are carried out by ease.

On March 6, FM Arun Jaitley has appeared before the Delhi High Court in connection with the Delhi and District Cricket Association (DDCA) defamation case today. He is being cross-examined by counsel for Chief Minister Arvind Kejriwal and other Aam Aadmi Party (AAP) leaders, senior advocate Ram Jethmalani. FM Jaitley has said, “All facts are plain and clear. My reputation has been damaged.” In the previous hearing, Jaitley tendered evidence in support of his civil defamation suit against Kejriwal and the AAP leaders. Jaitley had filed the suit seeking Rs. 10 crore in damages after Kejriwal and five Aam Aadmi Party (AAP) leaders accused him of alleged irregularities and financial bungling in Delhi and District Cricket Association (DDCA), that was headed by FM Arun Jaitley for 13 years until 2013.

Ram Jethmalani who was representing Arvind Kejriwal asked over 50 questions for proving that the defamation case was unfounded, according to an NDTV report. Jethmalani said, “There is no objective rational reason, besides the value that you put on yourself?” to which FM said, “The value I placed, towards loss of my reputation was only a small part of the enormous damage done.” Ram Jethmalani further said that there was no monetary damage, because of which the case is ‘unquantifiable’ and FM Jaitley responded, “The loss of my reputation has been partly quantified in terms of money. Loss of areputation causes mental distress to the person defamed, which it did in my case.”

[The Financial Express]