Budget it is a document containing a preliminary approved plan of public revenue and public. Both congress and bjp now favor a free market economy. We hope the government will be able to meet the set target in the fiscal year 201516. This publication highlights a range of pertinent issues primarily focusing on. Smoking, eating out, air travel to be costlier manufacturing sector neglected. People have voted for a change and india desires to grow. 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. Expenditure management commission has formed to oversee the management of expenses during the period. Dividend and income distribution tax the government has observed that due to differences in the base of the income distributed or the dividend on which the distribution tax is calculated, the effective tax rate is lower than the rate. 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 finance minister arun jaitleys budget speech. The union budget 20142015 aims to cater all groups of the society. Strong macro economic fundamentals are depicted both in the economic survey and the budget.
The union budget of india for 20142015 was presented by finance minister, arun jaitley on. The tax rates for financial year 2014 15 assessment year 201516 in comparison to financial year 2014assessment year 2014 15 are as per annexure i. Union budget of india 201819 highlights pdf cracku. 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. Union budget 201415 highlights pdf download thursday, july 10, 2014 banking awareness. Memorandum explaining the provisions in the finance bill, 2011. Compiled by cbga from budget at a glance, union budget documents, various years. Exemption limit for investment in financial instruments under 80c raised to rs 1. The tax rates for financial year 201415 assessment year 201516 in comparison to financial year 2014assessment year 201415 are as per annexure i. 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. Times of india brings you indepth live coverage of union budget 2014, indian budget 2014 news and union budget 2014 highlights. Special focus on women and childrens facilities, the construction of worldclass cities, and welfare of senior citizens. Dear professional colleague, the honble finance minister p. This will be a critical budget as it would be the first non congress budget after more than a decade. The union budget is a very important policy document which sets the tone for all other policies that are to be implemented during the course of the year. There may be ideological differences, but not in economic policies.
Get the latest news and views of the union budget 201415. Budget pragmatic, will reignite growth, says modi union budget 201516. There has been a mix of both shortterm and longterm measures geared towards. Jul 10, 2014 for income tax facilitation, 60 new aykar seva kendras will be opened in 201415. And that resources for developmental expenditure cannot be raised at the. Will the first budget of the modi governmnet live up to the expectations of the aamaadmi.
A detailed analysis of the union budget 201415 follows, with particular focus on. Economic survey 201415 statistical appendix pdf 764 kb. Sequence of presentation introduction terms and concepts used current economic situation analysis of union budget 2014 15 future vision conclusion 3. Key features of budget 20142015 the current economic situation and the challengesthe state of world economy has been the most decisive factor affecting the. The following are the union budget 201415 highlights. Highlights of union budget 201415 pdf download highlights of union budget 201415 pdf download. The union budget 2014 15 was going to be a tough balancing act for finance minister mr. Union budget 201516 nonplan expenditure estimates for the financial year are estimated at rs. Proposal for direct shareholding in banks by indian citizen.
Expectations from the union budget 201415 the union budget for 201415 fy15 is to be presented in the parliament on 10th july 2014. Finance minister mr arun jaitley in the budget 2014 15 salaried class tax breaks and increased the range of savings. Times of india brings you indepth live coverage of union budget 2014, indian budget 2014 news and. Plan expenditure for the year 201415 will rs 5,55,322 crore. Here are the highlights of the budget presented by finance minister arun jaitley. The following are the union budget 2014 15 highlights. Finance minister p chidambaram has rejected the charge of policy paralysis as he presented his interim union budget in parliament on monday. 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. Central excise tariff no change 4819 10 cartons, boxes and cases, of corrugated paper or.
Highlights of the union budget 2014 15 presented by finance minister arun jaitley in the parliament on july 10, 2014. Comparison of union budget 201415, 1516, 1617, 1718. Below are the highlights of the union budget 201415. 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. Key highlights of the interim union budget 2014 15 union finance minister p chidambaram has presented the interim budget for fiscal year 2014 15. A detailed analysis of the union budget 2014 15 follows, with particular focus on. 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. Get the latest news and views of the union budget 2014 15. Continuing governments path of fiscal reduction and consolidation, the finance minister projected a fiscal deficit of 3. The budget documents presented to parliament comprise, besides the finance ministers budget speech, of the following. Sequence of presentation introduction terms and concepts used current economic situation analysis of union budget 201415 future vision conclusion 3.
Following are the highlights of the union budget 2014 15 presented by finance minister arun jaitley in parliament on july 10, 2014 union budget 2014 15 10th july, 2014 budget 2014 15 holistic plan of action the finance minister while presenting the budget takes cognizance of the fact that decisive action to fuel growth without populism is the need of the hour. Analysis of union budget 2014 15 linkedin slideshare. President of ficci, sidharth birla stated that the fm has set the ground for repair of the economy. Country inno mood to suffer unemployment, inadequate basic amenities, lack of infrastructureand apathetic governance. Further, assessees eligible to claim deduction under the existing threshold limit of rs. Union budget 201516 foreword the 9 months of new government has come with a budget which lays emphasis on a great vision for future india with many forward looking at well intended plans and programs. It also in a way indicates the stance that may be taken by the rbi when. Key highlights of the budget 201920 overview of the economy. Gross domestic product gdp growth of india for 201516 projected between 88. Jul 10, 2014 the following are the union budget 2014 15 highlights. The union budget 201415 was going to be a tough balancing act for finance. The budget 201718 has been marked by historic economic policy developments.
Union budget 20142015 the union budget 20142015 aims to cater all groups of the society with a motto, sab ka saath sab ka vikas. Finance minister arun jaitley on thursday presented the union budget for fiscal 201415 in the lok sabha. Jul 15, 2014 further, assessees eligible to claim deduction under the existing threshold limit of rs. This document explains the key features of the budget 20142015, inter alia, indicating the prominent achievements in various sectors of the economy. It will also set the tone for policy stance relating to fiscal issues as well as economic reforms. Many experts feel that there are no significant differences in the economic policies between upa and nda. Total union government expenditure as a proportion of gdp % 14. 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. His budget speech largely recapitulated various achievements and incentives extended by the united progressive alliance government, before he proceeded to present the interim budget.
Challenging situation due to sub five per cent growth and double digit inflation. It also explains, in brief, the budget proposals for allocation. Based on a projected buoyancy in nontax revenue and indirect taxes the nominal growth rate of gdp is expected to be 14% for 2012. Following are the highlights of the union budget 201415 presented by finance minister arun jaitley in parliament on july 10, 2014 2014 15 key highlights. 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. The much awaited budget from the new government is finally out and the sentiments of the budget remain more or less neutral.
Union budget of india 201415 highlights and analysis clear ias. Union 1 budget highlights fiscal deficit projected at 5. Largely the budget proposals of this year have sought to address key concerns in indirect taxes, without being reformative or populist. While making his maiden budget speech in parliament on july 10, the union finance minister. Union budget 2014 15 the budget was particularly positive for infrastructure, housing and agriculture. Chidambaram has presented the vote on account budget 201415 in parliament today 17th february 2014. States and union territories by other ministriesdepartments are provided for in their respective demands. 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 20142015 aims to cater all groups of the society with a motto, sab ka saath sab ka vikas. 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 recent union budget for the year 2014 15 by finance minister arun jaitley strengthens the argument about the continuation of similar upa policies by nda.
Agricultural budget, basic budget, important points, pension for senior citizens, changes made by the budget committee. Budget highlights key features pdf file opens in a new window. The union budget 2014 2015 aims to cater all groups of the society with a motto, sab ka saath sab ka vikas. Indirect tax facilitation measures include opening 24. With regard to expenditure, the total expenditure is estimated to rise by 5. The government presents it on the first day of february so that it could be materialised. Union budget 201415 india, indian union budget 201415. 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. The total expenditure as per union budget 201415 is rs. The budget revised estimates for expenditure in 201718 are rs. Deduction limit on interest on loan for selfoccupied house raised to rs 2 lakh from rs 1.
The government will retain the fiscal deficit target for 201415 at 4. Arun jaitley, given the precarious state that the economy was in. Union budget 201415 india, indian union budget 201415, pdf. Union budget 201415 page 1 indirect taxes tariff a. Feb 17, 2014 finance minister p chidambaram has rejected the charge of policy paralysis as he presented his interim union budget in parliament on monday. Here are the highlights of the vote on account 2014. Union budget of india 201415 highlights and analysis. May 14, 2017 union budget 201516 nonplan expenditure estimates for the financial year are estimated at rs.
Union budget 201415 highlights the hindu businessline. Highlights of budget 201415 budget highlights budget. Upas interim budget 201415 vs ndas union budget 201415. Growth in the third and fourth quarter of the current year is expected to be 5. Highlights union budget 2018 2019 with pdf download. As per new budget tax exemption limit for individual is raised to 2. 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.
The highlights are as follows fiscal deficit is indeed daunting. Macroeconomic framework for the relevant financial year. Institutional credit for agriculture sector increased from rs 8. Brief summary, financial, general, family, it latest update. Aiming at 78 per cent gross domestic product gdp growth in 34 years. Union budget 2014 15 banking, financial services and insurance july 2014. Union budget 201516 india, indian union budget 201516, pdf. This document explains the key features of the budget 2014 2015, inter alia, indicating the prominent achievements in various sectors of the economy. The budget documents presented to parliament comprise, besides the finance ministers.
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