|Full Name||Arun Jailley|
|Position||Minister of Finance|
Arun Jaitley(born 28 Jan 1952) is an Indian politician and legal advocate, who is the current Finance Minister and Minister of Corporate Affairs under Prime Minister Narendra Modi. A member of the Bharatiya Janata Party, Jaitley previously held the cabinet portfolios of Commerce and Industry and Law and Justice in the Vajpayee government (1998–2004) and served as the Minister of Defence in the Narendra Modi government as additional charge. From 2009 to 2014 he served as the Leader of the Opposition in the Rajya Sabha. He is a Senior Advocate of the Supreme Court of India.
Arun Jaitley studied at St. Xavier's School Senior Secondary School, Raj Niwas,Delhi from 1957–69. He graduated with a honours degree in commerce, BCom from Shri Ram College of Commerce, New Delhi in 1973. He passed his LLB degree from the Faculty of Law, University of Delhi, in 1977.
Jaitley was an Akhil Bharatiya Vidyarthi Parishad (ABVP) student leader in the Delhi University Campus in the seventies and rose to be the President of the Students Union of Delhi University in 1974. During the period of proclamation of Internal Emergency (1975–77) when fundamental rights were suspended, he was under preventive detention for a period of 19 months.He was a prominent leader of a movement against corruption launched in the year 1973 by Raj Narain and Jayaprakash Narayan. He was the Convenor of the National Committee for Students and Youth organization appointed by Jai Prakash Narayan.He was also active in civil rights movement and helped found PUCL Bulletin along with Satish Jha and Smitu Kothari.After being released from jail he joined the Jan Sangh.
In 1977, being the convener of the Loktantric Yuva Morcha at a time when the Congress suffered defeat, Jaitley was appointed the president of the Delhi ABVP and All India Secretary of the ABVP. He was then made the president of the youth wing of the BJP and the secretary of the Delhi Unit in 1980, a short time after joining the party.
Jaitley has been a member of the national executive of Bharatiya Janata Party since 1991. He became the spokesperson of the BJP during the period preceding the 1999 general election. In 1999, After the Vajpayee Government of the BJP led National Democratic Alliance came to power, he was appointed Minister of State for Information and Broadcasting (Independent Charge) on 13 October 1999. He was also appointed Minister of State for Disinvestment (Independent Charge), a new ministry created for the first time to give effect to the policy of disinvestments under the World Trade Organisation regime. He took over the additional charge of the Ministry of Law, Justice and Company Affairs on 23 July 2000 following the resignation of Ram Jethmalani as the Union Cabinet Minister of Law, Justice and Company Affairs.
He was elevated to a Cabinet Minister in November 2000 and was made simultaneously the Minister of Law, Justice and Company Affairs and Shipping. He was the first Minister of Shipping following the bifurcation of the Ministry of Surface Transport. He demitted the office of the Minister for Shipping with effect from 1 September 2001 and as Union Minister of Law, Justice and Company Affairs on 1 July 2002 to join as a General Secretary of the BJP and its national spokesman. He worked in this capacity till January 2003. He rejoined the Union Cabinet as the Minister of Commerce & Industry and Law & Justice on 29 January 2003.With the defeat of the National Democratic Alliance in May 2004, Jaitley returned to serving the BJP as a general secretary, and back to his legal career.
He was chosen as the Leader of the Opposition in the Rajya Sabha on 3 June 2009 by L.K. Advani. On 16 June 2009 he resigned from the post of General Secretary of BJP as per his party's One Man One Post principle. He is also a member of the Central Election Committee of the party.In his capacity as the leader of opposition in Rajya Sabha, he played a vital role during the talks of the Women Reservation Bill in the Rajya Sabha and also supported Anna Hazare for the Jan Lokpal Bill.He successfully introduced the eighty-fourth amendment to the Constitution of India in 2002 freezing parliamentary seats until 2026and the ninety-first amendment to the Constitution of India in 2004 penalising defections.However, being in the party since 1980 he never contested any direct election until 2014. He was the BJP candidate for the Amritsar seat in the Lok Sabha (replacing Navjot Singh Sidhu) for the 2014 general election, but lost to the Indian National Congress candidate Amarinder Singh. He was a Rajya Sabha member from Gujarat. He was re-elected to Rajya Sabha from Uttar Pradesh in March 2018.
on August 26, 2012 he said (outside Parliament) "There are occasions when obstruction in Parliament brings greater benefits to the country." This statement is considered to have given legitimacy to obstruction of parliament in the contemporary politics in India. After forming government in 2014 BJP government has also faced disruptions and obstructions in parliament multiple number of times and opposition keeps on referring to his aforesaid statement. While his contribution to parliamentary discussion is exemplary but his support of obstruction as a legitimate floor strategy undoes his positive contribution to the Indian Parliamentary Democracy.
On 26 May 2014, Jaitley was selected by newly elected Prime Minister Narendra Modi to be the Minister of Finance (which includes the Ministry of Corporate Affairs and Minister of Defence in his cabinet.Analysts cited Jaitley's "part-time" focus on defence as a simple continuation of the policies of the previous government.According to a WikiLeaks cable by Robert Blake, the Charge at the US Embassy, to his government, when pressed on the question of Hindutva, Jaitley had argued that Hindu nationalism "will always be a talking point" for the BJP and characterised this as an opportunistic issue. Jaitely later clarified that "the use of the word opportunistic in reference to nationalism or Hindu nationalism is neither my view nor my language. It could be the diplomat's own usage."
During Bihar Legislative Assembly election, 2015, Arun Jaitley agreed with Prime Minister Narendra Modi's assertions that the idea of reservations on the basis of religion is fraught with danger and was against giving reservation to Muslim Dalits and Christian Dalits as it might impact demography. He also serves as a member to the Board of Governors of Asian Development Bank.
In November 2015, Jaitley said that Personal laws governing marriages and divorces should be subject to fundamental rights, as the Constitutionally-guaranteed rights are supreme.
He announced the Income declaration scheme, 2016 in September 2016.
During his tenure as the Finance Minister of India, the government demonetised the â‚¹500 and â‚¹1000 banknotes of the Mahatma Gandhi Series, with the stated intention of curbing corruption, black money, fake currency and terrorism from 9 November 2016.
June 20, 2017, he reaffirmed that the GST rollout is well and truly on track.Out Leadership recommended Arun Jaitley as one of the expert and openly advocating leaders on LGBT+ issues.