Union budget 201415 india, indian union budget 201415, pdf. Finance minister arun jaitley presented the union budget 201516 at the lok. After a long journey of economic reforms, amid subdued economic growth, challenging fiscal situation and farm distress, the budget endeavours to continue its focus on poverty, rural economy, healthcare, education. Over the last two years, global growth has contracted to 3. An offence related to false declaration false documents, etc.
We do hope to hence provide a comprehensive view of the budget which the reader should find useful. The union finance minister shri arun jaitley has announced that with respect to employees provident fund epf, the employee needs to be provided two options. The union budget for 201516 has been announced by mr arun jaitley, union minister for finance, government of india, in parliament on february 28, 2015. The budget documents presented to parliament comprise, besides the finance ministers budget speech, of the following. It includes the effect of railway budget union minister for finance shri arun jaitley on 28 th february presented in parliament the union budget 201516, with a focus on growth, promoting entrepreneurship and manufacturing, rationalizing tax regime. Live updates of union budget 201819, 201718, 201617.
Union budget 2015 16 india presented by mr arun jaitley, union minister for finance, government of india, in parliament on february 28, 2015. 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. Comparison of union budget 201415, 1516, 1617, 1718. Union finance minister arun jaitley presented union budget 2015 16 in the parliament. If you are tense for some reason, know that you are caught in the rut of unconsciousness. Union budget 201516 page 4 indirect taxes non tariff service tax transitory penalty provisions in respect of adjudications pending the new provisions of penalty shall apply if adjudication order was not passed before the financed bill, 2015 is passed and assented by president of india. Statement showing statewise distribution of net proceeds of union taxes and duties for be 20152016. It includes the effect of railway budget union minister for finance shri arun jaitley on 28 th february presented in parliament the union budget 2015 16, with a focus on growth, promoting entrepreneurship and manufacturing, rationalizing tax regime and announcing some relief to common man. An analysis of union budget 201718 centre for budget and governance accountability. Union budget 201516 nonplan expenditure estimates for the financial year are estimated at rs. We hope the government will be able to meet the set target in the fiscal year 201516. Key features of union budget 201718 complete details. 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.
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. The much awaited, and the first fullfledged, union budget by the narendra modi government for the financial year 201516 was tabled in the parliament today by the finance minister mr. Here are the highlights of the budget presented by finance minister arun jaitley. Union finance minister arun jaitleys union budget 2017 has evoked diverse reactions from politicians, industry leaders, experts and the twitterati. We hope the government will be able to meet the set target in the fiscal year 2015 16. Personal indisposition or the weight of expectations of over a billion indians one. Personal indisposition or the weight of expectations of over a billion indians one read more. Union budget niti aayog and finance commission recommendations. The union budget 2014 2015 aims to cater all groups of the society with a motto, sab ka saath sab ka vikas. Union budget of india 201516 highlights and analysis. The indian economys high growth trajectory is likely to taper down in the fy 201617. India, malappuram views 1806 replies 1 validations 2. Ie photo following are the highlights of the union budget 2015 16 presented by finance minister arun jaitley in parliament today.
The government has shifted its strategic focus to the jam trinity jan dhan, aadhar and mobile along with jan suraksha as it plans to introduce universal social security system for all indians. Union budget 201617 allocations materially raised to various schemes focused on farm, rural and social sectors positive for nbfcs having higher exposure to rural lending such as mahindra finance, magma, scuf, etc a number of measures will be undertaken to facilitate. The 2015 16 union budget of india was tabled in the lok sabha lower house of the parliament by arun jaitley, the union minister. Budget 2015 live budget coverage online, union budget 201516, key points and highlights of india budget 2015, income tax slab, fdi by finance minister arun jaitely. The budget 201718 has been marked by historic economic policy developments.
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. The printing of budget documents starts roughly a week ahead of presenting in the. Printing of budget documents of union budget 2015 16 commenced with halwa ceremony. Scroll down and download finance bill 2017, direct tax changes in budget 2017. Th e next examinations are due in the month of may 2015. Union budget 201516 india, indian union budget 201516, pdf. Indias union budget 201617 was presented by finance minister arun jaitley when we are evidencing the global economy in a serious crisis. Major highlights of proposed tax slab for ay 201819. Fm arunjaitley leaves from his office to present union budget 2015. India union budget 2018 highlights pdf upsc materials. Special focus on women and childrens facilities, the construction of worldclass cities, and welfare of senior citizens. The union budget of india for 20152016 was presented by arun jaitley on 28. An analysis vision for 2022 the year 2022 will be the amrut mahotsav, the 75th year, of indias independence. Economic indicators budget proposals budget highlights glossary direct tax, indirect tax policy proposal, direct tax, indirect tax and tax rates 01 10 34.
The union budget is presented to the parliament in two parts. Global competitiveness report of 201516 and 201617 of the world economic forum. Macroeconomic framework for the relevant financial year. Union budget 2015 16union budget 2015 16 making one india accomplish durable growth template. The union budget of 201516 was the first full budget to be presented by the modi led government and was preceded by sky high expectations of reform. Union finance minister arun jaitley presented union budget 201516 in the parliament. The government presents it on the first day of february so that it could be materialised. Aiming at 78 per cent gross domestic product gdp growth in 34 years.
Union budget 201516 is special as this is the first budget after the creation of national institution of transforming india niti and acceptance of 14th finance commissions ffc recommendation of substantially higher devolution of union taxes to states. The budget is presented by the finance minister of india in parliament. Ie photo following are the highlights of the union budget 201516 presented by finance minister arun jaitley in parliament today. These budgetary proposals would be applicable for financial year 1 april 2012 to 31 march 20. May 14, 2017 union budget 201516 nonplan expenditure estimates for the financial year are estimated at rs. Budget is most economic event in the country which outlines all the economic planning of the government of india for the next year.
It was the first full year budget of the nda government under leadership of prime minister of narendra modi and the second budget of arun jaitley as finance minister. Union budget of india 201516 highlights and analysis clear ias. Government budget is designed for optimal allocation of resources. The budget clearly did not disappoint as it gave due importance to all sections of the economy and tried to enhance the ease of doing business while keeping its focus on infrastructure development. Printing of budget documents of union budget 201516 commenced with halwa ceremony. 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. India union budget 2018 highlights pdf, now a days coaching institutes are drinking blood of students in name of coaching, we raised to fight the cause, you can help us in different ways, all pdf which are provided here are for education purposes only. Gross domestic product gdp growth of india for 201516 projected between 88. Memorandum explaining the provisions in the finance bill, 2015.
We do hope to hence provide a comprehensive view of the budget which the reader. The union budget of india, also referred to as the annual financial statement in the article 112. Printing of budget documents of union budget 201516. Union budget 201516 impact on the automotive sector sector overview automotive sector occupies a prominent place in the indian manufacturing industry. With regard to expenditure, the total expenditure is estimated to rise by 5. General budget which gives an overall picture of financial position of the government of india. Brief summary, financial, general, family, it latest update.
This document presents our analysis of the priorities and trends in the union budget with regard to the sectors and issues that are directly relevant for. The times of india news app for latest budget 2015 news. The 201516 union budget of india was tabled in the lok sabha lower house of the parliament by arun jaitley, the union minister. Prime minister narendra modi lauded and applauded the budget, calling it a progressive, positive, practical, pragmatic and prudent one. The union budget of 2015 16 was the first full budget to be presented by the modi led government and was preceded by sky high expectations of reform. I present this budget in an economic environment which is far more positive. Union budget 201415 india, indian union budget 201415. Budget 2015 live india budget news, union budget 201516. As a result of its forward and backward linkages with several key segments of the economy, the automotive industry has a strong multiplier effect and has the potential. Agricultural budget, basic budget, important points, pension for senior citizens, changes made by the budget committee. Smoking, eating out, air travel to be costlier manufacturing sector neglected. Since fy 201516, the share of central taxes to be shared.
Analysis of union budget is a publication which centre for budget and governance accountability cbga brings out every year following the presentation of the union budget in parliament. The vision of what the prime minister has called team india, led by the states and guided by the central government, to include. Union budget of india 201819 highlights pdf cracku. Summary charts deduction under chapter vi a 80c to 80u. Union budget 201516 national portal of india government of india. The budget clearly did not disappoint as it gave due importance to all sections of the economy and tried to enhance the. The union budget of india for 201220 was presented by pranab mukherjee, on 16 march 2012, which was the 7th budget of his career. Satement 245 kb can be accessed here as pdf documents. About the union budget 2015 the budget, or officially, the union budget, is the prime written representation attributing the financial planning and strategy of the government of india for the next financial year. The union budget 20142015 aims to cater all groups of the society with a motto, sab ka saath sab ka vikas. Union minister for finance shri arun jaitley on 28th february presented in parliament the union budget 201516, with a focus on growth. It is a wellbalanced budget and the fact that the implications of this budget will boost the morale of indian economy to an inclusive growth. Finance minister mr arun jaitley in the budget 201415 salaried class tax breaks and increased the range of savings.
Union budget 201516 india presented by mr arun jaitley, union minister for finance, government of india, in parliament on february 28, 2015. Like most of the previous budgets, indian budget for 201516 too runs on deficit financing. Key features of union budget 201718 complete details cakart. The budget clearly did not disappoint as it gave due importance to all sections of the economy and tried to enhance the easeofdoing business while keeping its focus on infrastructure development. This effort of care has been part of our tradition to provide this analysis as soon as possible after. The union budget of india, also referred to as the annual financial statement in the article 112 of the constitution of india, is the annual budget of the republic of india. Highlights of union budget 2015 internet desk february 28, 2015 12.
Union budget 201516 india, indian union budget 201516. The union budget 201819 holds special significance being the first budget post the implementation of gst in july 2017. The first reaction is based on the speech of the fm subject to changes on. Please utilize them for building your knowledge and dont make them. The union budget of india also called the general india budget is presented each year on the last working day of february. This is however sought to be compensated by the additional 2% surcharge on income of more than 1.