Increase the allowance for maintaining a dependent parent or grandparent. Till 2016, it was presented on the last working day of february. Aiming at 78 per cent gross domestic product gdp growth in 34 years. Union budget of india 201819 highlights and economic survey 2018 highlights pdf quick facts about union budget. As per advance estimate for 201415, per capita income registered a growth rate of 11. Highlights of union budget 201516 affecting financial sector lfinancial inclusion 12. 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. We are bringing you the highlights and key announcements of budget 201516. Below are the highlights of union budget for the financial year 201415 you can download the pdf version of union budget 201415 highlights from here. Union finance minister arun jaitley presented union budget 201516 in the parliament. Highlights of the union budget 2015 16 announced by finance minister arun jaitley on 28th february related with funds to be spent on projects, personal, corporate and indirect taxes. Union budget 201516 is announced by finance minister arun jaitley today. 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.
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 state fiscal year sfy 201516 budget was enacted timely, with final legislative action occurring a few hours into april 1, the first day of the. Roadmap to achieve fiscal deficit of 3% of gdp in three years. Budget 2015 live india budget news, union budget 201516. F inance minister arun jaitley today 28th february 2015 presented the union budget for the year 201516 aimed at high growth, saying the pace of cutting the fiscal deficit would slow as he seeks to boost investment and ensure that ordinary people benefit. Ir to become prime mover of economy once again 2 resource mobilization for higher investments 3. Its important to keep the money flowing during a crisis. Union budget 201516 india, indian union budget 201516, pdf. Highlights of the union budget 201516 announced by finance minister arun jaitley on 28th february related with funds to be spent on projects, personal, corporate and indirect taxes. Budget framework the budget deficit will fall from 3. Union budget 201516 india, indian union budget 201516.
Debt stock as percentage of gdp will stabilise at 46. Union budget 201516 is being presented by finance minister mr. Budget pragmatic, will reignite growth, says modi union budget 2015 16. Agricultural budget, basic budget, important points, pension for senior citizens, changes made by the budget committee. Income tax rate cut to 5 pc for individuals having income between rs 2. Gross domestic product gdp growth of india for 201516 projected between 8.
Ram sharan mahat tuesday 14 july 2015 government of nepal ministry of finance 2015. Here are the highlights of the budget presented by finance minister arun jaitley. Data from the 2019 dashboard highlights that while achievement. Here is a pdf containing all the key highlights in union budget 201516. Finance minsiter arun jaitley introduced union budget 201516. Department of justice served 326 victims in 201819, compared to 26 in 201516.
Gross domestic product gdp growth of india for 2015 16 projected between 88. Budget highlights budget statement 201819 1 3 new south wales is facing a slowdown in transfer duty revenue in the near term. 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. Increases in personal income tax rates and the general fuel levy are set to add r16. Finance minister arun jaitley presented the first fullyear budget of prime minister narendra modis government on saturday. We hope the government will be able to meet the set target in the fiscal year 2015 16. Dec 28, 2018 finance minister arun jaitley presented the union budget 2017, his fourth annual budget. New york state division of the budget website archived 201516 budget publications.
Highlights direct tax proposals of union budget 201516. 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. Introduction to budget 20152016 this tax memorandum gives an overview of the countrys economy for the financial year 20152016. A summary publication capturing all highlights from the 201516 budget. Smoking, eating out, air travel to be costlier manufacturing sector neglected. Union budget 201617 budget arun jaitley live updates budget highlights key budget highlights. Summary charts deduction under chapter vi a 80c to 80u.
Union budget highlights 201516 states to be equal partners in economic growth. Budget 201516 highlights budget 201516, the final budget of the 17. Download union budget 201516 highlights file in pdf format. Agriculture major steps take to address the two major factors critical to agricultural production, that of soil and water. Indirect tax highlights february 28, 2015 key takeaways. Affirming that the economy is right on track, finance minister arun jaitley presented the union budget for 201617. Union budget 201415 india, indian union budget 201415. This was the first full year budget of the nda government and the second budget. The fiscal deficit targets have been retained at 3. 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. Finance minister arun jaitley presented the union budget 201516. It was a budget for corporates as corporate tax reduced from 30% to 25%.
Dpiit suggests home ministry to permit limited activity in select sectors. Objectives of tax policy objective of stable taxation policy and a nonadvers arial tax administration. We hope you find this resource useful and invite you to call the legislative fiscal office if you have any questions. Finance minister arun jaitley, who is presenting the union budget for fiscal 2015 16 in the lok sabha, said the government is establishing a mechanism self employment to support all aspects of start up business. Any additions to personnel headcount for 201516 and 201617 will be paid for from existing allocations. Get latest updates on live budget news, budget 2014 date, budget highlights, and indian railway budget, income tax. Construction of working women hostels in all district headquarters. Broad principles of taxation proposals the proposals for the budget 201516 are mainly based on the following principles. Paramparagat krishi vikas yojana to be fully supported. Fight against the scourge of black money to be taken forward. Goods and service tax gst, jan dhan, aadhar and mobile jam for direct benefit transfer. Government will lower the expenditure ceiling by r10 billion in.
This was the first full year budget of the new bjp government, and they were expected to show a strategy for the coming 4 years. Being termed as make or break, this is arun jaitley and the nda governments first fullyear budget. Union minister for finance, government of india, in parliament on february 28, 2015. Union budget 201516 national portal of india government of india. Budget pragmatic, will reignite growth, says modi union budget 201516. Union budget niti aayog and finance commission recommendations. 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 minister for finance shri arun jaitley on 28th february presented in parliament the union budget 201516, with a focus on. Regards team exampundit books for 2015 bankinginsurance exams submit. Jan 24, 2018 fiscal deficit fiscal deficit seen at 3.
Making indias budgets open, usable and easy to comprehend. Expectation from budget was very high, but budget seems to be highly disappointing. The following are the sector wise highlights of union budget 201516 presented by arun jaitley in parliament today. 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. The proposed changes are effective from 1st july unless an earlier date is. Highlights of budget 201516 the hindu businessline.
Click here to download the complete set of the 201516 budget for offline reading. Union budget 201617 highlights download finance minister arun jaitley unveiled a budget for the poor on monday29 february 2016, announcing new rural aid schemes and skimping on a bank bailout, in a strategy shift that seeks to boost his ruling party in coming state elections. Tax benefit on hiring on employees base also widened. Finance minister arun jaitley, who is presenting the union budget for fiscal 2015 16 in the parliament, on saturday said, with the fiscal space reduced, the government has decided to continue supporting important national priorities. The challenges faced in this 201516 budget this was an unusual budget making exercise for three reasons. The union budget for 2015 16 has been announced by mr arun jaitley, union minister for finance, government of india, in parliament on february 28, 2015. Find union budgets, state budgets, rbi data and municipal budgets across years. Budget highlights key features pdf file opens in a new window. Union budget of india 201516 highlights and analysis clear ias. Special focus on women and childrens facilities, the construction of worldclass cities, and welfare of senior citizens.
Union budget of india 201819 highlights pdf cracku. 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 201516 summary download pdf bankexamstoday. California is stronger than ever today, and the budget found in the pages. 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. Here are the highlights of jaitleys budget for the fiscal year that begins 1 april. This is the first majority in the lok sabha in 30 years. Finance minister arun jaitley, who is presenting the union budget for fiscal 201516 in the parliament, on saturday said, with the fiscal space reduced, the government has decided to continue supporting important national priorities. The following are the major tax related changes introduced in union budget for 201516 presented by arun jaitley in parliament today. Sindh budget highlights 201516 junaidy shoaib asad chartered accountants 3 preface the sindh budget for 16 was announced by sindh finance minister on 2015th june 2015. India union budget 2018 highlights pdf upsc materials. Union budget of india 201516 highlights and analysis.
His speech was marred by protests over the proposed division of a telangana state. Highlights of union budget 2015 16 affecting financial sector lfinancial inclusion 12. Report on the state fiscal year 201516 enacted budget, april 2015. Following are the highlights of the union budget 201516 presented by finance minister arun jaitley in parliament today. Union budget 201516 summary download pdf published on sunday, march 01, 2015. The main budget noninterest expenditure ceiling has been reduced by r25 billion over the next two years. Highlights of the 201516 kenya integrated household. A more detailed will be given later this coming week. Budget speech of fiscal year 201516 delivered to legislatureparliament of the constituent assembly by honorable finance minister dr. Brief summary, financial, general, family, it latest update. Gross domestic product gdp growth of india for 201516 projected between 88. Lets look at key highlights of union budget 201516. 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. We do hope to hence provide a comprehensive view of the budget which the reader should find useful.
This was the first full year budget of the nda government and the second budget of arun. Regards team exampundit books for 2015 bankinginsurance exams submit rating average rating 0 5. Key features of budget 20152016 274 kb pdf file that opens in a new. The budget documents presented to parliament comprise, besides the finance ministers. Stay on the times of india to know the live update, latest news and headlines about indias union budget 2015 16. The highlights of the union budget are as following. Some of the challenges mentioned by the finance minister arun jaitley are. Decongestion of heavy haul routes and speeding up of trains. Highlights of union budget 20152016 accommodation times. Following are the highlights of the union budget 2015 16 presented by finance minister arun jaitley in parliament today. Highlights of union budget 201516 affecting financial sector.
Budget highlights 201516 assam legislative assembly. Government budget is designed for optimal allocation of resources. The 2015 16 union budget of india was tabled in the lok sabha lower house of the parliament by arun jaitley, the union minister of finance, on 28 february. Service tax change in service tax rate service tax rate increased from 12. Following is the 201517 budget highlights update, which incorporates legislative changes made to the budget during the 201 6 session plus any other approved administrative changes since the adoption of the 201517 budget. Governors budget summary 202021 california budget ca. We are a comprehensive and userfriendly open data portal facilitating free, easy and timely access to relevant data on government budgets in india. Detailed alberta government budget documents, quarterly updates and economic statements. Monetary policy committee will look to keep cpi below 6%. Major highlights of proposed tax slab for ay 201819. A separate development authority for women and children shall be set up to facilitate expeditious implementation of schemes for their welfare. Governor cuomo announces highlights from the passage of 201516 state budget. This effort of care has been part of our tradition to provide this analysis as soon as possible after.
Union budget 2015 live update and budget highlights. Highlights of union budget 201516 taxation no change in the tax slab on personal. Registration of charitable trust us 12aa which have not undertaken any activity prior to application for registration. With regard to expenditure, the total expenditure is estimated to rise by 5. Pmo weighs food for all, may do away with need for ration card, ids. 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 and announcing some relief to common man. Amrut mahotsav the year 2022, 75th year of independence vision for team india led by pm. Finance minister arun jaitley, who is presenting the union budget for fiscal 201516 in the lok sabha, said the government is establishing a mechanism self employment to support all aspects of start up business. No change in income tax slabs corporate tax will be reduced from 30% to 25% along with removal of various types of exemptions from f. Finance minister mr arun jaitley in the budget 201415 salaried class tax breaks and increased the range of savings. Union budget of india is referred to as the annual financial statement in the article 112 of the constitution of india. Union finance minister, arun jaitley on 28 february 2015 presented union budget 201516 in the lok sabha.
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