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. 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. Business today brings you the latest from the interim union budget 201415 announced by finance minister p chidambaram. It also in a way indicates the stance that may be taken by the rbi when. Get the latest news and views of the union budget 2014 15. 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. There was a clear expectation that gaar would be deferred if not diluted. 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. Union budget 201516 nonplan expenditure estimates for the financial year are estimated at rs. The budgetary support for central plan in 201415 is rs. 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. 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.
Full text railway budget 201415 speech of sadananda gowda download in pdf. Macroeconomic framework for the relevant financial year. Based on a projected buoyancy in nontax revenue and indirect taxes the nominal growth rate of gdp is expected to be 14% for 2012. 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. Many experts feel that there are no significant differences in the economic policies between upa and nda. Central excise tariff no change 4819 10 cartons, boxes and cases, of corrugated paper or. Both congress and bjp now favor a free market economy. Union budget of india 201516 highlights and analysis. There has been a mix of both shortterm and longterm measures geared towards. President of ficci, sidharth birla stated that the fm has set the ground for repair of the economy. With regard to expenditure, the total expenditure is estimated to rise by 5. Union budget 201415 india, indian union budget 201415.
Union budget 2014 personal finance tax impact business today. The union budget 2014 15 was going to be a tough balancing act for finance minister mr. 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 2014 15. 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. Sequence of presentation introduction terms and concepts used current economic situation analysis of union budget 2014 15 future vision conclusion 3. 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. Union budget 20142015 the union budget 20142015 aims to cater all groups of the society with a motto, sab ka saath sab ka vikas. Budget presentation as fm, jaitley had ample time to deliver a dream budget one that would have simplified taxation, guided on gst, reduced corporate tax by 1% as promised and cut on non. Will the first budget of the modi governmnet live up to the expectations of the aamaadmi. Total union government expenditure as a proportion of gdp % 14. Enter one or more tags separated by comma or enter. 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. This figure is much less than the budget estimates for 201415 rs.
Upas interim budget 201415 vs ndas union budget 201415. Th e next examinations are due in the month of may 2015. The government will retain the fiscal deficit target for 201415 at 4. 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. Nonplan expenditure estimates for the financial year are estimated at rs.
Union budget 2014 15 banking, financial services and insurance july 2014. Interim budget 2014 didnt had many policy announcements, as it was the budget of an outgoing government. Detailed information is available in the relevant budgetdocuments. While making his maiden budget speech in parliament on july 10, the union finance minister. The government presents it on the first day of february so that it could be materialised. India poised to enter double digit growth trajectory. Union budget 201516 india, indian union budget 201516, pdf.
Union budget 2014 15 impact on the private equity investments 3 overview two of the major asks of the pe fraternity have not been met. Read on to find out the astrological analysis of the interim union budget 2014 15, and its possible impact on various sectors. Salient features of interim union budget of india for 201415. Union budget 201516 india presented by mr arun jaitley, union minister for finance, government of india, in parliament on february 28, 2015. 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%. Union budget 201415 banking, financial services and insurance july 2014. Budget at a glance, budget 2014 2015 at a glance, highlights of central plan, explanatory notes, budget at a glance 2014 2015, india budget at a glance. Union budget 201415 india, indian union budget 201415, pdf. The budget 201718 has been marked by historic economic policy developments. Challenging situation due to sub five per cent growth and double digit inflation. The master planning of three new smart cities in the chennaibengaluru industrial corridor region, viz. An analysis of union budget 201718 centre for budget and governance accountability.
There may be ideological differences, but not in economic policies. Largely the budget proposals of this year have sought to address key concerns in indirect taxes, without being reformative or populist. 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. The union budget 2014 2015 aims to cater all groups of the society with a motto, sab ka saath sab ka vikas. His speech was marred by protests over the proposed division of a telangana state. As per new budget tax exemption limit for individual is raised to 2. However, the share of union excise duties has fallen from 43% to 15% and. Union budget 201415 a snapshot economic initiatives in budget financial sector banking rbi to create a framework for licensing small banks and other differentiated banks. Union budget 201415 sbicap securities limited 3 personal incometax exemption limit raised by inr 50,000 to inr 2. Union budget of india 201819 highlights pdf cracku. Business today latest news interim union budget 2014. Union 1 budget highlights fiscal deficit projected at 5. Highlights of the union budget 2014 15 presented by finance minister arun jaitley in the parliament on july 10, 2014. Union budget 2014 15 the budget was particularly positive for infrastructure, housing and agriculture.
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. Union budget 2014 15 blogs, comments and archive news on. 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. Gross domestic product gdp growth of india for 201516 projected between 88. Get the latest news and views of the union budget 201415. Union budget 201415 the budget was particularly positive for infrastructure, housing and agriculture. A detailed analysis of the union budget 201415 follows, with particular focus on.
Preface the budget in briefpresentsa summary of the federal budget 201415. Times of india brings you indepth live coverage of union budget 2014, indian budget 2014 news and union budget 2014 highlights. The total expenditure as per union budget 201415 is rs. Union budget analysis fy15 page 6 expenditure side the total expenditure is expected to increase by 12. Union budget of india 201415 highlights and analysis. Action programme for customs in the european union customs 2020. This change will come into effect from 1st october, 2014 and same has been notified vide. Ganesha analyses the horoscope chart of the independent india, and puts forward some interesting observations. Budget at a glance 201415 india union budget 20142015. The budget documents presented to parliament comprise, besides the finance ministers budget speech, of the following. 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. 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. The budget has presented a broad road map of the economic policy of the new. States and union territories by other ministriesdepartments are provided for in their respective demands.
Brief summary, financial, general, family, it latest update. The total size of the union budget in 201415 is pegged at rs. Union budget 201415 financial year 2014 2015 finance budget of india you cant enter more than 5 tags. Key to budget documents pdf file opens in a new window. Aiming at 78 per cent gross domestic product gdp growth in 34 years.
It providessalient information on revenues and expenditures budgeted for financial year 201415alongwith budget estimates and revised estimates for the outgoing financial year 2014. Chidambaram minister of finance february 17, 2014 madam speaker, introduction i rise to present the interim budget for 201415. Arun jaitley, given the precarious state that the economy was in. Education cess to continue at 3% exemption under section 80c is raised to inr 1. 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 union budget 20142015 aims to cater all groups of the society. The union budget 201415 was going to be a tough balancing act for finance minister mr. 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. Full exemption from excise duty is being provided on plastic. Chidambaram presented interim budget for the year 201415 on 17022014. Chidambaram presented interim budget for the year 2014 15 on 1702 2014.
The recent union budget for the year 201415 by finance minister arun jaitley strengthens the argument about the continuation of similar upa policies. Finance minister p chidambaram has rejected the charge of policy paralysis as he presented his interim union budget in parliament on monday. This document explains the key features of the budget 20142015, inter alia, indicating the prominent achievements in various sectors of the economy. Major highlights of proposed tax slab for ay 201819. Union budget 201415 10th july, 2014 industry the amritsar kolkata industrial master planning will be completed expeditiously for the establishment of industrial smart cities in seven states of india. School of mines, dhanbad to be upgradedin to a fullfledged iit. And that resources for developmental expenditure cannot be raised at the.
The union budget of india, also referred to as the annual financial statement in the article 112. People have voted for a change and india desires to grow. The much awaited budget from the new government is finally out and the sentiments of the budget remain more or less neutral. Expenditure management commission has formed to oversee the management of expenses during the period. Union budget 201516 gives a boost to major initiatives of government. This budget is highly influenced by general elections. Infusion of equity in banks amounting to rs 2,40,000 cr by 2018 in line with baseliii norms.
A detailed analysis of the union budget 201415 follows, with particular focus. Read on to find out the astrological analysis of the interim union budget 201415, and its possible impact on various sectors. We do hope to hence provide a comprehensive view of the budget which the reader should find useful. Interim budget vs union budget 201415 click to enlarge interim budget 2014 by p chidambaram and its shortcomings.
May 14, 2017 union budget 201516 nonplan expenditure estimates for the financial year are estimated at rs. Key to budget 2014 2015, key to union budget, budget documents, key to budget 2014, updated union budget of india 2014 15, indian new budget 2014, budget highlights, budget news, budget notifications, budget changes, budget documents, 2014 15 budget, budget speech, india budget 2014 2015. We hope the government will be able to meet the set target in the fiscal year 201516. Plan allocation of 5,75,000 crore in the main budget 201415 mark an increase of 26. Expectations from the union budget 201415 the union budget for 201415 fy15 is to be presented in the parliament on 10th july 2014. Union budget 2014 15 latest breaking news, pictures, videos, and special reports from the economic times. It also explains, in brief, the budget proposals for allocation. Strong macro economic fundamentals are depicted both in the economic survey and the budget.
An interim budget gives the complete financial statement, very similar to a full budget. Comparison of union budget 201415, 1516, 1617, 1718. A detailed analysis of the union budget 2014 15 follows, with particular focus on. Union budget 201516 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 highlights of union budget 201516 overview of the economy o gross domestic product gdp growth of india for 201516 projected between 88.
This will be a critical budget as it would be the first non congress budget after more than a decade. Union budget 2014 tax proposals dear reader, the country is facing high inflation particularly in the food segment and a significant fiscal deficit for the past few years, which are both a symptom and a cause of economy woes. Interest subvention scheme was introduced in 200607. Here are the highlights of the vote on account 2014. Union budget 2014 15 sbicap securities limited 2 the union budget 2014 15 was largely in line with the expectations, it was both dynamic and reform oriented with due focus accorded on reviving the low growth trajectory, seen over the last decade. National health mission nhm services to an ageing population. Capital of banks to be raised by increasing the shareholding of. The budget documents presented to parliament comprise, besides the. Live india budget 2016 news coverage online, highlights of union budget 201617, income tax slab, fdi, fiscal policy, gst bill by finance minister arun.
It will also set the tone for policy stance relating to fiscal issues as well as economic reforms. Union budget 201415 page 1 indirect taxes tariff a. 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. Agricultural budget, basic budget, important points, pension for senior citizens, changes made by the budget committee. This effort of care has been part of our tradition to provide this analysis as soon as possible after. Memorandum explaining the provisions in the finance bill, 2011. Proposal for direct shareholding in banks by indian citizen. Union budget 201516 india, indian union budget 201516. Chidambaram was talking about achievements of upa governments. Analysis of union budget 2014 15 linkedin slideshare. In the budget 201415 there is exemption of service tax for loading, unloading, packing and storage or warehousing of rice.