Indian union budget 2014 date, indian general budget 20. Latest budget news reports, views, budget videos, budget analysis, budget 20. The increase in surcharge rates on both income tax as well as dividend distribution. Union budget 20 14 final authorstream presentation. Samiha garg hemant behl prateek bajaj nisha kalra puneet pal singh 2.
Finance minister, p chidambaram has announced the union budget 2014 which has received mixed reactions from industry and academia. With this as mool mantra, the finance minister shri p chidambaram has sought to increase allocation to key areas and provide incentives for investments and savings while containing the fiscal deficit to 4. Aiming at 78 per cent gross domestic product gdp growth in 34 years. The nonplan expenditure is estimated at rs 11,09,975 crore. The new session of union budget 20 14 is ready to take place. A special mention has been made of the views of the confederation of indian industry cii. Compiled by cbga from budget at a glance, union budget documents, various years. Day for which many individual was waiting has finally came, finance minister p chidambaram has presented union budget 20 14 on 28 th feb, 20. It is designed to provide, in a very concise way, essential information on revenues and expenditures budgeted for financial year 20 14 in juxtaposition with budget estimates and revised estimates for the outgoing financial year 2012. Comparison of union budget 201415, 1516, 1617, 1718.
Highlights and impact of the union budget 2014 on the. The university has adopted a new activitybased budget model commencing 20 14. May 14, 2017 union budget 201718 union budget 2017 proposed to offer many benefits on small and medium enterprises sme in the country income tax on companies with annual turnover of less than rs 50 crore per year has been reduced to 25% from the earlier 30% the lending target for pradhan mantri mudra yojana mudra has been doubled to rs 2. Return of income file without payment of self assessment tax to be considered as. The budget in brief presents a summary of the federal budget 20 14. Out of 76 lakh individual assesses declaring income more than rs 5 lakh, 56 lakh are salaried.
Oasd budget summary budget summary 46 this report presents a summary of 2014 financial results, as well as a budget summary for the upcoming 201415 school year. The budget in brief presents a summary of the federal budget 2014. Government of india ministry of finance press information. Historical budget documents are available for reference purposes. Detailed information on budget expectations by different sectors of business and economic groups. Hemang jani explains how the union budget 20 should look like and how its should not look like. This article starts with highlighting some the basics of the union budget 20 14. The union budget for 20 14 has been presented amidst a particularly challenging macroeconomic scenario.
Feb 28, 20 the union budget for 2014 aims at higher growth rate leading to inclusive and sustainable development as mool mantra. The new budget model is intended to be transparent and strongly linked to academic goals and priorities. Some of the major highlights of the said budget are summed up below. In the context of the union budget 201718, it needs to be noted that due to the merging of the plan and nonplan expenditures, figures for certain components of resources transferred to states are not available for the previous years.
Union budget 20 2014 the challenges facing the minister of finance minister of finance sri chidambaram is facing a tough task in preparing the union budget 20. Rs 1 lakh crore allotted for enhancing skills of youth. Budget at a glance, budget 202014 at a glance, highlights of central plan, explanatory notes, budget at a glance 202014, india. Mar 06, 20 finance minister, p chidambaram has announced the union budget 2014 which has received mixed reactions from industry and academia. Complete coverage on union budget 20 2014, budget 20 highlights, indian railway budget. We not only see a clear direction in which the economy is going to be steered but also the key milestones that we need to cross on the way. The interim union budget for 201920 was announced by mr piyush goyal, union. The following are the major highlights of the union budget 2014 presented by the honble finance minister mr. Overview of the union budget 2014 2 without growth, there will be neither development nor inclusiveness, the finance minister rightly acknowledged it in his budget speech by stating that foreign direct investment is not a matter of choice, it. Complete coverage on union budget 202014, budget 20 highlights, indian railway budget. Low nontax estimates when compared to the revised estimates of budget 2014.
Shockwaves on the richter scale, crorepatis clubbed with 10% surcharge blow p chidambaram decided to take a leaf out of the warren buffett rule book by whacking the wealthy. The new session of union budget 2014 is ready to take place. 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. Budget 20, live budget, budget 2014 india, union budget 2014, budget 20 expectations, p chidambaram, post budget budget 20 highlights. Planning and development of this budget was undertaken in consultation with the academic and shared service units across campus. Overview of the union budget 2014 grant thornton india.
Union budget 202014 the challenges facing the minister of finance minister of finance sri chidambaram is facing a tough task in preparing the union budget 20. On the one hand is the lok sabha elections of 2014 that calls for popular measures and increased spending from the government. Very low allocation for capital expenditure interim budget 201415 figures are less than the 2014 budget estimates. Union budget 201415 india, indian union budget 201415, pdf. Budget for 2014 to have one overarching goal of creating opportunities for our youth. The theme of the national government budget for fy 2014 was transformation for shared prosperity. Amidst a state of economic slowdown, all eyes are on finance minister p chidambarams union budget 2014 to rescue the economy from the jaws of a possible sovereign downgrade. Indian union budget 2014 date, indian general budget. No revision in tax slabs, tax credit of rs 2000 for income upto. Surcharge of 10 per cent for taxable incomes above rs.
It is designed to provide, in a very concise way, essential information on revenues and expenditures budgeted for financial year 2014 in juxtaposition with budget estimates and revised estimates for the outgoing financial year 2012. Government expenditure was aimed at enabling and securing a sustained high and inclusive economic growth and development. The new government has unveiled the union budget 201415 with a. Dtc proposals to raise rs,300 crore, indirect tax to fetch rs 4700 crore. Based on a projected buoyancy in nontax revenue and indirect taxes the nominal growth rate of gdp is expected to be 14% for 2012. Honble members will find from the budget documents that the gender budget has rs 97,4 crore and the child budget has rs 77,236 crore in. The union budget for 2014 has been presented amidst a particularly challenging macroeconomic scenario. How does india government plan to raise income as per union budget 20 14. Union finance minister, mr p chidambaram presented the budget for the fy 2014 on 28th february, 20. Kotak securities brings you various videos on the analysis and highlights of budget 2014 by our panel of financial experts. Jan 25, 2015 budget 20, live budget, budget 20 14 india, union budget 20 14, budget 20 expectations, p chidambaram, post budget budget 20 highlights.
Budget 2014, live update on indian union budget 20. The union budget of india for 202014 was presented by finance minister, p. Roadmap to take growth to double digit level this budget has laid down the roadmap for taking india to double digit growth. The union budget for 2014 aims at higher growth leading to inclusive and sustainable development. Indias finance minister p chidambarampresented the union budget 2014 in parliament on february 28, 20 4. Day for which many individual was waiting has finally came, finance minister p chidambaram has presented union budget 2014 on 28 th feb,20. Government of india ministry of finance 28february20. How does india government plan to raise income as per union budget 2014. Upas interim budget 201415 vs ndas union budget 201415. The article then concludes by saying that overall it is a lukewarm budget. The following are the major highlights of the union budget 20 14 presented by the honble finance minister mr. As per the re of 201617, we will end the year with a high growth rate of 17% for the.
Implications of the union budget of india economics essay. Out of nearly 17 lakh registered assesses under service tax only 7 lakhs file returns. Prior to budget many expectation were set that tax relaxation will be given, inflation will be reduced but for common man this. Major highlights of budget 20, railway budget 20, budget expectations and much more. The budget summary contained herein is consistent with the may budget proposal approved by the board and as such, does not reflect. For senior citizens, more specialised care the hindu.
No revision in tax slabs, tax credit of rs 2000 for income upto rs 5 lakh. Here are some highlights of what education received from the budget 2014. Based on a projected buoyancy in nontax revenue and indirect taxes the nominal growth rate of gdp is expected to be 14 % for 2012. The budget that will be presented by jaitley will be the first after the goods and services tax gst regime was implemented. Central excise tariff no change 4819 10 cartons, boxes and cases, of corrugated paper or paperboard. Budget 2014, live update on indian union budget 20 the. India budget 202014 highlights key features of budget 202014. The total expenditure in the union budget 2014 is pegged at rs. It may be noted that the above deduction is over and above the existing entitlement of housing loan. Pharmaceuticals no major changes in the budget 2014. National health mission nhm services to an ageing population. Financial year 2014, then the balance can be claimed in financial year 201415. Union budget 201415 india, indian union budget 201415. Union budget 201819 live updates highlights pdf download.
Implications of the union budget of india 2014 abstract. The union budget for 2014 has forecast a fiscal deficit refer chart 1 of 4. February 28, 20 the proposals made in the finance bill 20 bill are as follows. Prior to budget many expectation were set that tax relaxation will be given, inflation will be reduced but for common man this budget seems to be disappointing. The economic times brings you the latest live update on union budget 20 14 presented by finance minister p chidambaram on 28th february 20. In a boost to geriatric care across the country, the national programme for the healthcare of the elderly has been allotted rs.
The union budget for 2014 aims at higher growth rate leading to inclusive and sustainable development as mool mantra. Implications of the union budget of india 20 14 abstract. A detailed analysis of the union budget 201415 follows, with particular focus on. Union 1 budget highlights fiscal deficit projected at 5. The union finance minister today presented the budget for the year. India budget 20 2014 highlights key features of budget 20 2014. Revenue expenditure in the form of subsidies, pensions and interest payments which are unproductive form more than 80 percent of tax revenue. While the government of india goi has taken concerted efforts to arrest fiscal slippages and also announced some bold policy measures in the recent past, growth continues to slow alarmingly. Out of nearly 17 lakh registered assesses under service tax only 7 lakhs file.
Mar, 20 amidst a state of economic slowdown, all eyes are on finance minister p chidambarams union budget 2014 to rescue the economy from the jaws of a possible sovereign downgrade. Feb 01, 2017 the net tax revenue of 20 14 was rs 11. This change is expected to have a positive impact on space utilization and accountability. The budget of 201819 will be presented on thursday february 1 by union finance minister arun jaitley. Despite the moderation, wpi remains above the comfort zone.
Direct tax income limit under rajiv gandhi equity savings scheme rgess will be raised from rs. Investment allowance of 15% on new plant and machinery is a welcome step and is expected to increase investment in new projects while simultaneously providing tax benefit to industry. The 2014 budget includes funding for performance related pay of. Union budget 201819 live updates highlights pdf free download.