Union budget 201415 the budget was particularly positive for infrastructure, housing and agriculture. Largely the budget proposals of this year have sought to address key concerns in indirect taxes, without being reformative or populist. Get latest updates on budget highlights, railway budget, expert views and opinion. Education cess to continue at 3% exemption under section 80c is raised to inr 1. Chidambaram has presented the vote on account budget 201415 in parliament today 17th february 2014. Sequence of presentation introduction terms and concepts used current economic situation analysis of union budget 201415 future vision conclusion 3. Expenditure management commission has formed to oversee the management of expenses during the period. Chidambaram presented interim budget for the year 201415 on 17022014.
Business standard offers exclusive live coverage on budget 2016 presented by finance minister arun jaitley. Chidambaram was talking about achievements of upa governments. Macroeconomic framework for the relevant financial year. Devolution of resources to states in terms of resources transferred to states, while the share of states in central taxes as percentage of. Companies the rates of incometax in the case of companies will continue to be 30% as specified for the assessment year 201415. While making his maiden budget speech in parliament on july 10, the union finance minister shri arun jaitley said that india has a strong urge to grow and free itself from the curse of poverty. Press information bureau government of india summary of budget 201819 new delhi, 01th february, 2018 12 magha, 1939 government says that it is firmly on course to achieve high growth of 8% plus as manufacturing, services and exports are back on good growth path. Budget estimates the current financial year will end with the fiscal deficit at 4. Creating this spending plan allows you to determine in advance whether you will have enough money to do the things you need to do or would like to do. After the passing of the fiscal responsibility and budget. Union budget 201415 banking, financial services and insurance july 2014. This figure is much less than the budget estimates for 201415 rs. Here we are providing all pdf s related to union budget 2020.
Complete coverage on union budget 202014, budget 20 highlights, indian railway budget. A detailed analysis of the union budget 201415 follows, with particular focus on. Union budget 201516 india, indian union budget 201516. His speech was marred by protests over the proposed division of. Enter one or more tags separated by comma or enter. Everything about union budget 2017 download pdf day. In this context, the estimated 20% growth of personal income tax collections in the budget estimates be for 201415 relative to the provisional actual for 2014 seems rather high. Comparison of union budget 201415, 1516, 1617, 1718. India remains one of the fastest growing major economies in. Management act, 2003, the process of fiscal consolidation saw the fiscal deficit. The budget is first budget of narendra modi government. Union budget keeps the account of the governments finances for the fiscal year that runs from 1st april to 31st march.
Times of india brings you indepth live coverage of union budget 2014, indian budget 2014 news and union budget 2014 highlights. While the fm touched upon the need for capital infusion in psu banks, the figure of rs,400 crore allocated this year was much lesser than rs15,800 crore the previous year. Memorandum explaining the provisions in the finance bill, 2011. Majority of people have demanded to increase tax exemption limit from 2 lac to 5 lac but tax limit was enhance only by 50,000 rs. The budget 201718 has been marked by historic economic policy developments. This effort of care has been part of our tradition to provide this analysis as soon as possible after. Union budget of india 201415 highlights and analysis.
We have uploaded below the copy of union finance budget 201415 final for your reference. Latest budget news reports, views, budget videos, budget analysis, budget 20. A detailed analysis of the union budget 201415 follows, with particular focus on proposals related to taxes. We hope the government will be able to meet the set target in the fiscal year 201516. Based on a projected buoyancy in nontax revenue and indirect taxes the nominal growth rate of gdp is expected to be 14% for 2012. The beginning of the budget printing began on 19 february 2015 with the traditional halwa ceremony. The following are the union budget 201415 highlights. A change that has been brought by union budget, 201415 is amendment of rule 2a of service tax determination of value rules, 2006 wherein they have merged the categories 2 and 3 above into a single category with percentage of service portion as 70%. Subsequently, the road map for reform process has been laid out and a few significant schemes such as jan dhan yojana, digital india. Union budget of india 201819 highlights pdf cracku. Challenging situation due to sub five per cent growth and double digit inflation. Indian finance minister arun jaitley presented the union budget 201415 today. Proposal for direct shareholding in banks by indian citizen.
Union budget 2020 download pdf as you all know that today our finance minister nirmala sitharaman declared union budget 2020. Revenue receipts 1,101,472 1,141,575 1,206,084 1,377,022. Presenting the interim union budget for the year 201415, mr. It will also set the tone for policy stance relating to fiscal issues as well as economic reforms. The government will retain the fiscal deficit target for 201415 at 4. Chidambaram minister of finance february 17, 2014 madam speaker, introduction i rise to present the interim budget for 201415. Union budget 201415 india, indian union budget 201415. Astrological analysis in the horoscope of independent india, sun is in the moon sign cancer, and the transiting sun is passing through the 10th house in the moon sign aquarius and in the dhanistha nakshatra ruled by mars. Aiming at 78 per cent gross domestic product gdp growth in 34 years. The union budget of india for 20142015 was presented by finance minister, arun jaitley on. We do hope to hence provide a comprehensive view of the budget which the reader should find useful. Union budget 20142015 the union budget 20142015 aims to cater all groups of the society with a motto, sab ka saath sab ka vikas. Dear professional colleague, the honble finance minister p. Key to budget 20142015, key to union budget, budget documents, key to budget 2014, updated union budget of india 201415, indian new budget 2014, budget highlights, budget news, budget notifications, budget changes, budget documents, 201415 budget, budget speech, india budget 20142015.
The budget documents presented to parliament comprise, besides the finance ministers budget speech, of the following. Budget it is a document containing a preliminary approved plan of public revenue and public. Expectations from the union budget 201415 the union budget for 201415 fy15 is to be presented in the parliament on 10th july 2014. Budgeting is the process of creating a plan to spend your money. The budget documents presented to parliament comprise, besides the. Page 2 of 9 union budget 201617 budget at a glance rs crore 2014. Union budget analysis 7 it may be noted that the government was able to meet just 50% of the budgeted amount for disinvestment in the year 201415. No revision in tax slabs, tax credit of rs 2000 for income upto rs 5 lakh. The economic survey 201415 february 27, 2015 also endorsed the need of well designed gst.
Chidambaram said that the indias economy, the 11th largest in the world, had stabilized and was showing signs of turnaround. The union budget for 201415 has been announced by mr arun jaitley, union minister for finance, government of india, in parliament on july 10, 2014. The analysis which has been done by our team looks at both the macro implications of the proposals as well as the impact on various sectors. Compiled by cbga from budget at a glance, union budget documents, various years. The union budget 20142015 aims to cater all groups of the society with a. Budget at a glance 201415 india union budget 20142015. The tax rates for financial year 201415 assessment year 201516 in comparison to financial year 2014assessment year 201415 are as per annexure i. This change will come into effect from 1st october, 2014 and same has been notified vide.
Brief summary, financial, general, family, it latest update. Indian union budget 2014 date, indian general budget. The declining expendituregdp ratio has had its consequences on overall social sector allocations which were reflected in the budgets placed in the previous two years. So you can get more knowledge about the planning of government for this year. Presentation of the union budget 201718 budget 201718 not only subsumed the railway budget but was also advanced to 1 february to enable ministries to operationalise all activities from commencement of the fy on 1 april. You can check 100 key highlights of union budget 2020. Union budget 201415 summary published on tuesday, february 18, 2014. Dtc proposals to raise rs,300 crore, indirect tax to fetch rs 4700 crore. The surcharge on a domestic company having income between rs. Chidambaram has presented the vote on account budget 201415 in parliament today 17th february 2014 monday. Union budget of india 201516 highlights and analysis. This budget is highly influenced by general elections. The budgetary support for central plan in 201415 is rs. Agricultural budget, basic budget, important points, pension for senior citizens, changes made by the budget committee.
Chidambaram presented the interim budget for the fiscal year 201415 on monday, february 17, 2014 to cover expenditure until the governments term ends in may, 2014. Arun jaitley, given the precarious state that the economy was in. Accelerating the momentum march 2016 slide 15 economic performance. Dutt majumder, chairman, central board of excise and customs. Major highlights of proposed tax slab for ay 201819. Union budget 201516 fails to provide for the needs of the women in the country, with budgetary allocation for most womens development schemes facing a steep reduction. According to article 112 of the indian constitution, the union budget of a year, also referred to as the annual financial statement, is a statement of the estimated receipts and expenditure of the government for that particular year. Analysis of union budget 2014 15 linkedin slideshare. From 20 february until the presentation of budget about 100 government employees remained locked up in the north block of the secretariat building, new delhi, which houses the budget printing press, to maintain secrecy. Union budget 2017 download pdf link available at the bottom of the page. The union budget 201415 was going to be a tough balancing act for finance minister mr.
India budget 202014 highlights key features of budget 202014. Union budget 201415 10th july, 2014 economy at standstill industry national industrial corridor authority to coordinate the development of the industrial corridors psus capital investment of rs 2,47,941 crores in fy15 to create a virtuous investment cycle impact egovernance will usher in transparency and accountability in the government processes. Union budget 201415 sbicap securities limited 3 personal incometax exemption limit raised by inr 50,000 to inr 2. Having covered the economic survey 2014 in our last post, in this post let us see the highlights of the first budget of narendra modis government. With regard to expenditure, the total expenditure is estimated to rise by 5. People have voted for a change and india desires to grow. Read on to find out the astrological analysis of the interim union budget 201415, and its possible impact on various sectors. As per new budget tax exemption limit for individual is raised to 2. We shall compare in our next post, the union budget of india 2014 15 with the interim budget presented by former finance minister p. Pwc fiscal deficit the fiscal deficit in re 201516 and be 201617 have. This will be a critical budget as it would be the first non congress budget after more than a decade. President of ficci, sidharth birla stated that the fm has set the ground for repair of the economy. As i prepared to write this speech, i found that whether it is a regular budget for the full year or an interim budget, some things remain the same.
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