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. Fiscal deficit in re 201516 and be 201617 retained at 3. It also in a way indicates the stance that may be taken by the rbi when. Union budget 201415 india, indian union budget 201415.
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 finance minister shri arun jaitley in his budget speech in lok sabha today proposed no change in the rate of personal incometax. With budget 201516, mr jaitley has reiterated the adage that rome wasnt built in a day. Union finance minister arun jaitley presented the union budget 2015 today. What are your expectations from the union budget of india. Th e next examinations are due in the month of may 2015. The government will present the union budget 2019 on february 1, a day after the budget session of parliament commences on january 31. However, contrary to public expectations, he has not started any new train as well.
It was a budget for corporates as corporate tax reduced from 30% to 25%. Indian union budget 201516, presented by mr arun jaitley. Indian union budget 2015 an overview for layman as well professionals. The complete pdf of union budget 2020 is attached below for your reference, which you can download by clicking at the download button.
Gross domestic product gdp growth of india for 2015 16 projected between 88. Union budget niti aayog and finance commission recommendations. Union budget 2020 budget 2020 mynotesadda union budget. Finance minister arun jaitley starts presenting the union budget 2015 in the parliament. The highlight in union budget 201516 is also not in how much money jaitley has allocated, but really in how the system will work to deliver. Following 14th finance commission recommendations, states will get higher resources.
Union budget 201516 page 1 indirect taxes non tariff service tax service tax changes registration procedure under service tax. Finance minsiter arun jaitley introduced union budget 2015 16. The plain and sad fact is that the indian armed forces are in dire need of funds infusion. 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. The beginning of the budget printing began on 19 february 2015 with the traditional halwa ceremony. Major features in a nutshell the railways minister has not increased the passenger fares. Service tax would be levied on processes, unless otherwise specified in the negative list, not. Union budget 201516 summary download pdf bankexamstoday. There are around 2025 questions in each government exams related to budget 2020 and you can solve 1820 questions out of them very easily by reading these notes of union budget 2020. Bill, 2015 is passed and receives assent of president of india. Designed, developed and hosted by national informatics centre, information is provided by ministry of finance. We do hope to hence provide a comprehensive view of the budget which the reader. He announced the tax proposals with no change in the rate of tax for companies in respect of the income earned in the financial year 201516, assessable in the assessment year 201617. Tax benefit on hiring on employees base also widened.
Union budget 201516 india, indian union budget 201516. Finance minsiter arun jaitley introduced union budget 201516. The union budget of india for 20142015 was presented by finance minister, arun jaitley on 10 july 2014,11 am. Arun jaitley presents governments first fullyear budget. 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. So this is the amount of borrowed funds require by the government to meet its expenditures completely. Feb 28, 2015 finance minister arun jaitley starts presenting the union budget 2015 in the parliament.
Applicability date of budget proposals are in red fonts. Bankers adda provide you the best study materials like free mock test pdf, live classes etc. Rrb ntpc group d 2019 application status link activated all regions check now. No show cause notice if service tax with interest paid before scn. Union budget 2015 16 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. These budgetary proposals would be applicable for financial year 1 april 2012 to 31 march 20. 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 union budget of india for 201220 was presented by pranab mukherjee, on 16 march 2012, which was the 7th budget of his career. Overview direct tax government not going ahead with direct tax code bringing down corporate tax rate from 30% to 25% over a period of four years measures to promote domestic manufacturing and improving the. Budget highlights key features union budget of india. Union budget 201516 summary download pdf published on sunday, march 01, 2015.
Gross domestic product gdp growth of india for 201516 projected between 8. The 2018 budget is considered to be a crucial one as it the first since the rollout of goods and service tax gst regime in india. 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. A deficit in the government budget of a country and represents the excess of expenditure over income. 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. The first reaction is based on the speech of the fm subject to changes on. Bankers adda gk capsule august 2015 pdf current affairs pdf for all bank. Live budget news et brings you 360 degree coverage of the budget 201617. The times of india news app for latest budget 2015 news. 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 union budget of india for the financial year 201819 was presented to the parliament on 1 february 2018 by finance minister arun jaitley. The government presents it on the first day of february so that it could be materialized before the commencement of new financial year in april. Union budget 202021 india date and time, timings, income tax slab rate expectations.
The finance minister announced the creation of a separate ministry for skill development of rural youth and allocated rs 1,543 crore for the year 201516. Changes proposed in service tax by union budget 2016 17. Union budget 201516 impact on the automotive sector sector overview automotive sector occupies a prominent place in the indian manufacturing industry. Union budget 201516 india, indian union budget 201516, pdf.
As a result of its forward and backward linkages with several key segments of the economy, the automotive industry has a strong multiplier effect and has the potential. Highlights union budget 2018 2019 with pdf download. Rrb ntpc study material books pdf free download now. 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 of india 201516 highlights and analysis clear ias. Highlights of budget, union budget 201617, railway budget 2016, economic survey 2016. 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. India budget 2020 with the latest news on income tax, economic survey, sector impact, and tax details for 202021. Dramatic increase in budgetary allocation to defence. Income tax rates are not changed but surcharge in almost all categories of tax payers is. 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.
Union budget 201516 page 1 service tax reverse charge. Hence, a realistic if gradual tilt is emerging towards investment. The budget 202021 will be presented by finance minister nirmala sitaraman. The budget clearly did not disappoint as it gave due importance to all sections of the economy and tried to enhance the. 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 budget ready reckoner fiscal consolidation pushed out fy15 fiscal deficit target of 4. Being termed as make or break, this is arun jaitley and the gove feb 28, 2015 21. Service tax would be levied on processes, unless otherwise specified in the negative list, not amounting to manufacture or production of goods carried out by a person for another for. Aiming at 78 per cent gross domestic product gdp growth in 34 years.
Union budget 2015 16union budget 2015 16 making one india accomplish durable growth template. Union budget is defined under article 112 of the indian constitution. We think direction matters more than pace right now. 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. Union budget 201415 india, indian union budget 201415, pdf. Bankers adda banking exam general awareness latest updates static gk tags.
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