The union budget of 201516 was the first full budget to be presented by the modi led government and was preceded by sky high expectations of reform. Titles published before july 2015 under the economic papers series can be accessed and downloaded free of. It was a budget for corporates as corporate tax reduced from 30% to 25%. Considering the hue and cry created in the industry, the union budget, 2015 has enhanced the stated time limit effective from march 1, 2015 for availing cenvat credit on inputs and input services to 1 year as against 6 months earlier from the date of issue of any of the documents specified in. Avail our expert help by enrolling with us to keep your knowledge updated and stay ahead of your competition. Iasbaba imparts 360degree ias preparation solutions with their exhaustive prelims and mains preparation courses, supported by the latest upsc preparation material. The semielasticities underlying the cyclicallyadjusted budget. Archived information is provided for reference, research or recordkeeping purposes. The union budget of india for 20142015 was presented by finance minister, arun jaitley on 10 july 2014,11 am. Union budget 2015 16 summary download pdf commodity futures and the government bond market merged with sebi build giftgujarat international finance teccity as an international financial services centre ifsc. Budget 2015 live india budget news, 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.
Kpmg union budget 2015 inspiring confidence, empowering. Here are highlights finance minister arun jaitley announced in his. Insight railway budget 2017 pdf download recruitment. From 20 february until the presentation of budget about 100 government employees remained locked up in the north block of the secretariat building, new delhi, which houses the budget printing press, to maintain secrecy. Union budget 2015 16 summary download pdf published on sunday, march 01, 2015. Union budget 201516 summary download pdf published on sunday, march 01, 2015. Download budget notes, which contains the important budget questions, and has been explained in detail about education budget, railway budget, health budget, tax budget, etc.
However, the most basic features involve the structure of. F inance minister arun jaitley today 28th february 2015 presented the union budget for the year 2015 16 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. 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. Monetary policy framework agreement with rbi, to keep inflation below 6%. This is popular among head family members who make sure expenses are on budget. Agricultural budget, basic budget, important points, pension for senior citizens, changes made by the budget committee. Summary of 2015 budget measures policy changes contents page no taxation measures a. We do hope to hence provide a comprehensive view of the budget which the reader should find useful. Explanatory note for various notifications thanks attached files.
Tax benefit on hiring on employees base also widened. Income tax summary of budget for the financial year 202021. Use this worksheet to create a budget and assess how youre doing each month compared with your. Finance minister arun jaitley presented the first fullyear budget of prime minister narendra modis government on saturday.
Kindly keep this document safely and please share this with your friends. Gross domestic product gdp growth of india for 201516 projected between 8. Note on union budget for fy 20152016 as on 28 th february, 2015. Tax free infrastructure bonds for projects in the rail, road and irrigation sectors. Union budget niti aayog and finance commission recommendations. Major highlights of proposed tax slab for ay 201819. The update of the four presidents report issued in june 2015 actually now the five presidents report, following the inclusion of the president of. Links to pdf versions of the 2016 budget and related information, including several fact sheets. The budget lays a path for the future, however, the execution of the various policies pronounced will determine the true merits of this budget. Improved economic growth during fy1415 has been contributed by better performance in the manufacturing and services sector. Like every other budget template, the monthly budget template is a straightforward document just for the purpose of tracking income and expenses to avoid losing control of your spending.
Finance minsiter arun jaitley introduced union budget 201516. Download union budget 201516 highlights file in pdf format. These forms can found in excel budget templates that are used as budget proposals and requests subjected for either approval, rejection, or modification. Union budget 201516 summary download pdf bankexamstoday. 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 declining expendituregdp ratio has had its consequences on overall social sector allocations which were reflected in the budgets placed in the previous two years. Highlights of budget, union budget 201617, railway budget 2016, economic survey 2016. Limit on tax free investment in lic annuity plan or any. Railway budget 201718 highlights and pdf file railway budget 2017 pdf download union finance minister arun jaitley announced the following highlights in the rail budget. Medium term fiscal policy cum fiscal policy strategy statement. Indian union budget 201516, presented by mr arun jaitley. The budget documents presented to parliament comprise, besides the finance ministers budget speech, of the following. Find here complete summary of union budget 2019 2020 and easily download highlights of india budget 2019 pdf for upcoming exams like rbi, nabard and other government exams. Union budget 2015 in other words, after such amendment, all services provided by the government or local authority to a business entity would be exigible to service tax, except for the services that are specifically exempted, or covered by any another entry in the negative list.
Union budget of india 201516 highlights and analysis. The first funding programme, which was launched in mid2015 with a budget of. It contains the government of indias revenue and expenditure for the end of a particular fiscal year, which runs from april 1 to march 31, but this time it is presented earlier on 1 feb 2017 the union budget comprises the revenue budget and the capital budget, but now railway budget is. Gdp growth in 2015 16, projected to be between 8 to 8. 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. It is presented each year on the last working day of february by the finance minister of india in parliament.
Key features of union budget 201718 complete details. List of documents relating to the proposed programme budget for the biennium 20142015. 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. Indian union budget 201516, presented by mr arun jaitley on 28th feb 2015 no change in the rate of personal incometax and the rate of tax for companies, however some benefits to middle class tax payers the union finance minister shri arun jaitley in his budget speech in lok sabha today proposed no change in the rate of personal incometax. Brief summary, financial, general, family, it latest update. The beginning of the budget printing began on 19 february 2015 with the traditional halwa ceremony. Rail safety fund with the corpus of rs 100,000 crore will be created over a period of five years. 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.
We can expect questions from this document for the next one year. Get latest budget news, budget highlights, arun jaitleys budget speech, headlines on railway and union budget 20162017, budget impact, exclusive coverage of budget 2016 news, india union budget 20162017, budget. This was the first budget of narendra modi led nda government. Aiming at 78 per cent gross domestic product gdp growth in 34 years. Clearly, india is moving towards a more global tax structure, both in terms of gst, and, in terms of direct taxes. 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. Administrative and budgetary committee fifth committee. Gross domestic product gdp growth of india for 2015 16 projected between 88.
The union budget 20142015 aims to cater all groups of the society with a motto, sab ka saath sab ka vikas. 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. German draft budgetary plan 2019 european commission. Compiled by cbga from budget at a glance, union budget documents, various years. Union budget 201516 india, indian union budget 201516, pdf. Key features of budget 20152016 274 kb pdf file that opens in a. Finance minsiter arun jaitley introduced union budget 2015 16.
Union budget 201516 india presented by mr arun jaitley, union minister. 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 budget clearly did not disappoint as it gave due importance to all sections of the economy and tried to enhance the. Concerns over indias economic performance grew when, for the first time in 25 years, india witnessed a sub5 per cent growth for the second. Live budget news et brings you 360 degree coverage of the budget 201617. Union finance minister arun jaitleys union budget 2017 has evoked diverse reactions from politicians, industry leaders, experts and the twitterati. Domestic transfer pricing threshold limit increased from rs 5 crore. Union budget 201516 india, indian union budget 201516. Union budget of india 201819 highlights pdf cracku.
Most trending and trusted programmes by upsc toppers. Tax free infrastructure bonds for the projects in the rail, road and irrigation sectors. Departing lawmakersmostly from the militarybacked union solidarity and development partypassed a spending bill on january 19th without. Jan dhan, aadhar and mobile jam for direct benefit transfer. Union budget 201415 india, indian union budget 201415. The budget provision of rs 5,500 crores for this yojana in be 201617 was increased to rs,240 crores in re 201617 to settle the arrear claims. 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. Being termed as make or break, this is arun jaitley and the nda governments first fullyear budget. The union budget is presented to the parliament in two parts. There are actually many formats that can be used for a monthly budget. Download union finance budget 2018 as presented by finance minister arun jaitley today in lok sabha.
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