The budget revised estimates for expenditure in 201718 are rs. Please note that due to the age of these documents they may not meet current web publishing requirements and may not be compatible with some software. 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. Up budget 201415 to focus on bijli, sadak, paani lucknow. We do hope to hence provide a comprehensive view of the budget which the reader should find useful. The budget documents presented to parliament comprise, besides the finance ministers budget speech, of the following. Union budget 201415 india, indian union budget 201415, pdf. Administrative and budgetary committee fifth committee list of documents relating to the proposed programme budget for the biennium 2014 2015. Budgets and fresh goals are discussed enthusiastically as we plan for the financial year ahead. For the years 201112 to 2014 15, expenditure on this critical scheme grew by 9.
The directorgenerals programme and budget for 201415 ilo. It also explains, in brief, the budget proposals for allocation of funds to be made in important areas. The declining expendituregdp ratio has had its consequences on overall social sector allocations which were reflected in the budgets placed in the previous two years. The budget has presented a broad road map of the economic policy of the new government and outlined its plan for reviving the growth spirit of the indian economy. 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. In the article 112 of the indian constitution union budget of india. Indian finance minister arun jaitley presented the union budget 201415 today. An overview the union budget 201819 was unveiled on 1st february by the finance minister in lok sabha. Historical budget documents are available for reference purposes. 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 of india 201516 highlights and analysis clear ias.
Budget tries to satisfy interest of narendra modi, moodys. Expenditure management commission has formed to oversee the management of expenses during the period. The budget documents presented to parliament comprise, besides the. The budgetary support for central plan in 201415 is rs. Aiming at 78 per cent gross domestic product gdp growth in 34 years. Sequence of presentation introduction terms and concepts used current economic situation analysis of union budget 2014 15 future vision conclusion 3. The budget as a whole overview is this a tough budget. The union budget 201415 was going to be a tough balancing act for. Macroeconomic framework for the relevant financial year. Chidambaram presented interim budget for the year 2014 15 on 1702 2014. The budget 201718 has been marked by historic economic policy developments.
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. Enter one or more tags separated by comma or enter. 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. Union budget 2014 15 the budget was particularly positive for infrastructure, housing and agriculture. Continuing governments path of fiscal reduction and consolidation, the finance minister projected a fiscal deficit of 3.
Analysis of union budget 2014 15 linkedin slideshare. It providessalient information on revenues and expenditures budgeted for financial year 2014 15alongwith budget estimates and revised estimates for the outgoing financial year 2014. Union budget 201516 india, indian union budget 201516, pdf. Budget estimates the current financial year will end with the fiscal deficit at 4. Nonplan expenditure estimates for the financial year are estimated at rs. This figure is much less than the budget estimates for 201415 rs. 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 20142015 the union budget 20142015 aims to cater all groups of the society with a motto, sab ka saath sab ka vikas. The summary of tax proposals is also reflected in the document. 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. 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 master planning of three new smart cities in the chennaibengaluru industrial corridor region, viz. Union budget 201415 summary published on tuesday, february 18, 2014. The union budget is presented each year on the last working day of february by the finance minister of india in parliament. Proposal for direct shareholding in banks by indian citizen. This will be a critical budget as it would be the first non congress budget after more than a decade. Medium term fiscal policy cum fiscal policy strategy statement.
This figure is much less than the budget estimates for 2014 15 rs. Dear professional colleague, the honble finance minister p. Challenging situation due to sub five per cent growth and double digit inflation. Union budget 201415 banking, financial services and insurance july 2014. Union budget of india 201415 highlights and analysis.
Chidambaram has presented the vote on account budget 201415 in parliament today 17th february 2014 monday. The tax rates for financial year 201415 assessment year 201516 in comparison to financial year 2014assessment year 201415 are as per annexure i. Agricultural budget, basic budget, important points, pension for senior citizens, changes made by the budget committee. This change will come into effect from 1st october, 2014 and same has been notified vide. Memorandum explaining the provisions in the finance bill, 2011. Preface the budget in briefpresentsa summary of the federal budget 201415. This budget is highly influenced by general elections.
Preface the budget in briefpresentsa summary of the federal budget 2014 15. While the power sector is to get a 30% boost in the 201415 budget, the infrastructure allocation, sources said, is likely to be doubled, with emphasis on boosting the road networks in the state. Budget is most economic event in the country which outlines all the economic planning of the government of india for the next year. The union budget 2014 15 was going to be a tough balancing act for finance minister mr. 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. Brief summary, financial, general, family, it latest update. President of ficci, sidharth birla stated that the fm has set the ground for repair of the economy. The following are the union budget 201415 highlights. With regard to expenditure, the total expenditure is estimated to rise by 5. Union budget 2014 15 banking, financial services and insurance july 2014. Administrative and budgetary committee fifth committee list of documents relating to the proposed programme budget for the biennium 20142015.
Budget it is a document containing a preliminary approved plan of public revenue and public. May 14, 2017 budget estimates the current financial year will end with the fiscal deficit at 4. Jul 10, 2014 the budget is first budget of narendra modi government. The government will retain the fiscal deficit target for 201415 at 4. 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%. While the power sector is to get a 30% boost in the 2014 15 budget, the infrastructure allocation, sources said, is likely to be doubled, with emphasis on boosting the road networks in the state. It will also set the tone for policy stance relating to fiscal issues as well as economic reforms. 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. Key to budget documents pdf file opens in a new window. 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. Detailed information is available in the relevant budgetdocuments. The budgetary support for central plan in 2014 15 is rs. The surcharge on a domestic company having income between rs.
The union budget of india also called the general india budget is presented each year on the last working day of february. Agriculture rural research and development cessation of animal welfare assistance in destination countries and australian animal welfare strategy drought package. Devolution of resources to states in terms of resources transferred to states, while the share of states in central taxes as percentage of. People have voted for a change and india desires to grow. The targets for the present year are a growth rate of 5. A look at the union interim budget 201415 its march already. The present paper analyzed union budgets of central government in india to.
Chidambaram was talking about achievements of upa governments. A detailed analysis of the union budget 201415 follows, with particular focus on. The union budget 201415 was going to be a tough balancing act for finance minister mr. Union budget 201415 india, indian union budget 201415. Expectations from the union budget 201415 the union budget for 201415 fy15 is to be presented in the parliament on 10th july 2014. Presenting the interim union budget for the year 201415, mr.
As per new budget tax exemption limit for individual is raised to 2. 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 financial year 2014 2015 finance budget of india you cant enter more than 5 tags. This effort of care has been part of our tradition to provide this analysis as soon as possible after. Comparison of union budget 201415, 1516, 1617, 1718. The budget is presented by the finance minister of india in parliament.
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. Union budget 201415 page 1 indirect taxes tariff a. The total plan allocation of ministry of science and tech for the financial years 2014, 201415, and 201516 was rs 5145 cr, rs 5495 cr and rs 7200. Union budget 201415 sbicap securities limited 3 personal incometax exemption limit raised by inr 50,000 to inr 2. 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.
Sequence of presentation introduction terms and concepts used current economic situation analysis of union budget 201415 future vision conclusion 3. Central excise tariff no change 4819 10 cartons, boxes and cases, of corrugated paper or. Read on to find out the astrological analysis of the interim union budget 2014 15, and its possible impact on various sectors. Union budget 201516 india, indian union budget 201516. Arun jaitley, given the precarious state that the economy was in. Chidambaram presented interim budget for the year 201415 on 17022014. Union finance minister arun jaitley arrives at parliament house to present the union budget, in new delhi on thursday. It providessalient information on revenues and expenditures budgeted for financial year 201415alongwith budget estimates and revised estimates for the outgoing financial year 2014. Education cess to continue at 3% exemption under section 80c is raised to inr 1. 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.
The total plan allocation of ministry of science and tech for the financial years 2014, 2014 15, and 201516 was rs 5145 cr, rs 5495 cr and rs 7200. The budget is first budget of narendra modi government. Major highlights of proposed tax slab for ay 201819. The union budget 2014 2015 aims to cater all groups of the society with a motto, sab ka saath sab ka vikas. Chidambaram said that the indias economy, the 11th largest in the world, had stabilized and was showing signs of turnaround. Largely the budget proposals of this year have sought to address key concerns in indirect taxes, without being reformative or populist. Union budget of india 201516 highlights and analysis. We have uploaded below the copy of union finance budget 201415 final for your reference. Live updates of union budget 201819, 201718, 201617.
It is not only important for corporates but for individuals from all. His speech was marred by protests over the proposed division of. Read on to find out the astrological analysis of the interim union budget 201415, and its possible impact on various sectors. The union budget of india for 20142015 was presented by finance minister, arun jaitley on. Union budget 201415 the budget was particularly positive for infrastructure, housing and agriculture. Times of india brings you indepth live coverage of union budget 2014, indian budget 2014 news and union budget 2014 highlights. Monetary union, to set up and strengthen tripartite social dialogue frameworks. This document explains the key features of the budget 2014 2015, inter alia, indicating the prominent achievements in various sectors of the economy. The union budget 20142015 aims to cater all groups of the society with a. We hope the government will be able to meet the set target in the fiscal year 201516. Compiled by cbga from budget at a glance, union budget documents, various years.
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. Companies the rates of incometax in the case of companies will continue to be 30% as specified for the assessment year 201415. Plan allocation of 5,75,000 crore in the main budget 201415 mark an increase of 26. Highlights of the union budget 2014 15 presented by finance minister arun jaitley in the parliament on july 10, 2014. 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. 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. Union budget of india 201819 highlights pdf cracku.
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