This document explains the key features of the budget, inter alia, indicating the prominent achievements in various sectors of the economy. Union budget 201516 india presented by mr arun jaitley, union minister for finance, government of india, in parliament on february 28, 2015. 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. The union budget for 2014 15 has been announced by mr arun jaitley, union minister for finance, government of india, in parliament on july 10, 2014. Jul 10, 2014 union budget 201415 highlights pdf download thursday, july 10, 2014 banking awareness, current affairs, current affairs important updates 11 comments sponsored links. Key highlights of union budget 201415 and direct tax proposals.
It also explains, in brief, the budget proposals for allocation of funds to be made in important areas. Major highlights of proposed tax slab for ay 201819. Union budget 201415 sbicap securities limited 3 personal incometax exemption limit raised by inr 50,000 to inr 2. Mar, 2018 following are the highlights of the union budget 2014 15 presented by finance minister arun jaitley in parliament on july 10, 2014 incometax exemption limit raised by rs 50,000 to rs 2.
Times of india brings you indepth live coverage of union budget 2014, indian budget 2014 news and union budget 2014 highlights. Highlights of the union budget 201415 presented by finance minister arun jaitley in the parliament on july 10, 2014. Manmohan singh the budget aimed at near full employment in a span of ten years. However, the budget also proposes free medicines for all and long term. The government aimed at increasing tax and nontax revenues. Total expenditure has accordingly been estimated at rs 17,77,477 crore.
Key highlights of the interim union budget 201415 union finance minister p chidambaram has presented the interim budget for fiscal year 201415. Union budget of india is referred to as the annual financial statement in the article 112 of the constitution of india. Finance minsiter arun jaitley introduced union budget 201516. Here are the highlights of jaitleys budget for the fiscal year that begins on april 1. Get latest updates on live budget news, budget 2014 date, budget highlights, and indian railway budget, income tax. The people are in no mood to suffer unemployment, inadequate basic amenities, lack of infrastructure and apathetic governance. The finance minister also hiked the defence budget from rs 16,350 crores to rs 17,500 a steep rise of 7%. The key features of the budget 274 kb, finance minister arun jaitleys budget speech 124 kb, budget at a glance 6 kb, finance bill 2015 364 kb and the macroeconomic framework satement 245 kb can be accessed here as pdf documents. Key highlights of union budget 201415 and direct tax. Dec 28, 2018 finance minister arun jaitley presented the union budget 2017, his fourth annual budget. Here are the highlights of the budget presented by finance minister arun jaitley.
Country inno mood to suffer unemployment, inadequate basic amenities, lack of infrastructureand apathetic governance. Jul 10, 2014 the short term cooperative rural credit stcrc refinance fund was announced in union budget 200809 with initial corpus of rs 5,000 crore. Jul 10, 2014 the following are the union budget 2014 15 highlights. Highlights of finance minister arun jaitleys budget speech. Challenging situation due to sub five per cent growth and double digit inflation. A detailed analysis of the union budget 201415 follows, with particular focus on. The total expenditure as per union budget 201415 is rs. Dear professional colleague, the honble finance minister p. Union budget 201516 summary download pdf published on sunday, march 01, 2015. Highlights of union budget 201415 pdf download highlights of union budget 201415 pdf download. Gross domestic product gdp growth of india for 201516 projected between 8.
Union budget highlights budget 2015 arun jaitley speech budget 2015 highlights key budget. Dec 28, 2018 budget estimates nonplan expenditure estimates for the financial year are estimated at rs,12,200 crore. Macroeconomic performance as indicated above, the fundamentals have shown a significant improvement. Aiming at 78 per cent gross domestic product gdp growth in 34 years. Jul 15, 2014 further, assessees eligible to claim deduction under the existing threshold limit of rs. The short term cooperative rural credit stcrc refinance fund was announced in union budget 200809 with initial corpus of rs 5,000 crore. Union budget 201415 highlights pdf download gr8ambitionz. As per new budget tax exemption limit for individual is raised to 2.
Finance minister arun jaitley on thursday presented the union budget for fiscal 2014 15 in the lok sabha. It was a budget for corporates as corporate tax reduced from 30% to 25%. Download the pdf file of union budget 2014 15 highlights from here. Macroeconomic framework for the relevant financial year. The union budget 201415 was going to be a tough balancing act for finance minister mr. For any further enquiries or guidance, please feel free to contact bvss expert committee at following link. In order to ensure increased and uninterrupted credit flow to farmers and to avoid high cost market borrowings by nabard, i propose to allocate an amount of rs 50,000 crore for stcrc fund during 201415. Key highlights of union budget 2019 in the defence sector here are the significant budget allocations of the recently released union budget 2019 for the defence section. 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.
The following are the union budget 201415 highlights. Till 2016, it was presented on the last working day of february. Union budget 201415 the budget was particularly positive for infrastructure, housing and agriculture. Mock test series ias books ebooks pdf free submenu. Those living below the poverty line are anxious to free themselves from the. The record of maximum presentations of budget 8 budgets and 2 interims was held by mr. There has been a mix of both shortterm and longterm measures geared towards. The union budget 201415 was going to be a tough balancing act for finance. Finance minister mr arun jaitley in the budget 201415 salaried class tax breaks and increased the range of savings. 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. F ollowing are the highlights of the union budget 201415 presented by finance minister arun jaitley in parliament on thursday highlights of the budget. Plan expenditure is estimated to be rs 4,65,277 crore, which is very near to the r. Key features of budget 20142015 the current economic situation and the challengesthe state of world economy has been the most decisive factor affecting the fortunes of every developing country.
Finance minister arun jaitley presents the union budget 201415 at the parliament. Memorandum explaining the provisions in the finance bill, 2011. Highlights of union budget 201415 welfare of senior citizens committee to be setup to make recommendations to use unutilised balances in pf and post office ac, arun jaitley says. Jul 10, 2014 highlights of union budget 2014 15 welfare of senior citizens committee to be setup to make recommendations to use unutilised balances in pf and post office ac, arun jaitley says. The summary of tax proposals is also reflected in the document. Brief summary, financial, general, family, it latest update. Union finance minister p chidambaram presents the interim budget for 201415 in parliament today ahead of the lok sabha election. The union budget of india for 20142015 was presented by finance minister, arun jaitley on. Following are the highlights of the union budget 201415 presented by finance minister arun jaitley in parliament on july 10, 2014 incometax exemption limit raised by rs 50,000 to rs 2. Union budget 201415 india, indian union budget 201415, pdf.
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. 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. Decisive vote for change represents the desire of the people to grow, free themselvesfrom the curse of poverty and use the opportunity provided by the society. Affirming that the economy is right on track, finance minister arun jaitley presented the union budget for 201617. The budget documents presented to parliament comprise, besides the finance ministers budget speech, of the following. According to the article 112 of the indian constitution, the government launches the annual financial statement, known as the union budget for that particular year. Tax benefit on hiring on employees base also widened. Among these sites, 24 are new ones 201415 land sale programme will include seven sites for commercialbusiness use and one for hotel only, providing a total floor area of about 230 000 square metres and about 1 100 hotel rooms. For income tax facilitation, 60 new aykar seva kendras will be opened in 201415. Union budget 201516 india, indian union budget 201516, pdf. Finance minister arun jaitley presented the union budget 201516 at the lok sabha on february 28, 2015. Union budget 201415 india, indian union budget 201415. Below are the highlights of the union budget 201415. Jul 10, 2014 while making his maiden budget speech in parliament today, the union finance minister shri arun jaitley said that india has a strong urge to grow and free itself from the curse of poverty.
Highlights of the union budget 2014 15 presented by finance minister arun jaitley in the parliament on july 10, 2014. President of ficci, sidharth birla stated that the fm has set the ground for repair of the economy. Union budget of india 201415 highlights and analysis clear ias. His budget speech largely recapitulated various achievements and incentives extended by the united progressive alliance government, before he proceeded to present the interim budget. If you continue browsing the site, you agree to the use of cookies on this website. Limit on tax free investment in lic annuity plan or any. Interim budget 2014 2015 live from parliament youtube. Union budget 201516 summary download pdf bankexamstoday.
Medium term fiscal policy cum fiscal policy strategy statement. 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. Education cess to continue at 3% exemption under section 80c is raised to inr 1. People have voted for a change and india desires to grow. However, the good news is that the finance minister projects the economy to break free from the phase of sub5% growth rate in 201415. Union budget 201415 highlights the hindu businessline. Union budget 201415 highlights pdf download thursday, july 10, 2014 banking awareness, current affairs. Highlights of union budget 2014 parti yahoo news india.
Agricultural budget, basic budget, important points, pension for senior citizens, changes made by the budget committee. The economic survey for the year 201415 the survey based on developments of fy15, indicate an improvement in the macroeconomic fundamentals which is reflected both in temporal and crosscountry comparison. Finance minister arun jaitley presents the union budget 2014 15 at the parliament. Finance minister arun jaitley presented the union budget 2017, his fourth annual budget. Union budget of india 201415 highlights and analysis. Union budget 201516 india, indian union budget 201516. The government presents it on the first day of february so that it could be materialised before the beginning of new financial year in april. Finance minister arun jaitley on thursday presented the union budget for fiscal 201415 in the lok sabha. 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. Indian finance minister arun jaitley presented the union budget 201415 today. The union budget 2014 15 was going to be a tough balancing act for finance minister mr. Free drug service and free diagnosis service to achieve health for all. 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. The economic survey for the year 2014 15 the survey based on developments of fy15, indicate an improvement in the macroeconomic fundamentals which is reflected both in temporal and crosscountry comparison.
Income tax rate cut to 5 pc for individuals having income between rs 2. The 92 budget called for reduction in fiscal deficits. Union budget of india 201819 highlights pdf cracku. We shall compare in our next post, the union budget of india 2014 15 with the interim budget presented by former finance minister p. Union budget of india 201819 highlights and economic survey 2018 highlights pdf quick facts about union budget. As per the service tax rules, the half yearly return was to be normally filed by october 25, 2012. Along with the budget, he will present a voteonaccount to seek. The union budget 20142015 aims to cater all groups of the society with a motto, sab ka saath sab ka vikas. Finance minister mr arun jaitley in the budget 2014 15 salaried class tax breaks and increased the range of savings. However, in view of the implementation of the negative list concept in service tax from july 1, 2012, the return filing cycle of six months aprilseptember, 2012 has been split by cbec. Download the pdf file of union budget 201415 highlights from here. Arun jaitley, given the precarious state that the economy was in. This publication highlights a range of pertinent issues primarily focusing on social.