The information contained in this document has been compiled or arrived at from other sources believed to be reliable, but no representation or warranty is made to its accuracy, completeness or correctness. 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. Railway facilities have not improved very substantially over the past few decades. Highlights of union budget 201516 current affairs today. Union budget of india 201516 highlights and analysis clear ias. Union budget 201516 national portal of india government of india.
Union finance minister arun jaitley presented union budget 201516 in the parliament. Gross domestic product gdp growth of india for 201516 projected between 88. 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 indian railway budget 201516 has announced that the indian railways envisages investment of rs 8. Detailed alberta government budget documents, quarterly updates and economic statements.
Budget 2015 16 will align the creative sector with nova scotia business inc. The budget documents archives include governments budget documents from 1996 to 2015. Decongestion of heavy haul routes and speeding up of trains. Union budget 201516 is being presented by finance minister mr. Transportation account encompasses the following basc programs managed by parking and transportation services. Some of the challenges mentioned by the finance minister arun jaitley are. Finance minister arun jaitley presented the union budget 201516.
Finance minsiter arun jaitley introduced union budget 201516. Foreign exchange reserves touched highest ever level of about 350 billion us dollars. As per advance estimate for 201415, per capita income registered a growth rate of 11. Union budget of india 201819 highlights and economic survey 2018 highlights pdf quick facts about union budget. Ir to become prime mover of economy once again 2 resource mobilization for higher investments 3.
Ramesh, senior jgsirtsa no increase in passenger fare no new trains announced. Union budget 2015 16 impact on the real estate and infrastructure sector disclaimer. Special focus on women and childrens facilities, the construction of worldclass cities, and welfare of senior citizens. A more detailed will be given later this coming week. Highlights of budget 201516 the hindu businessline.
Page 1 government of gujarat highlights of budget 201516 shri saurabhbhai patel, honble finance minister presented the budget, 201516 in the legislative assembly on 24th feb, 2015, guided by the widely accepted philosophy of sabka saath sabka vikas. This funding excludes provincial expenditures that may be accessed by the general. Regards team exampundit books for 2015 bankinginsurance exams submit. No change in income tax slabs corporate tax will be reduced from 30% to 25% along with removal of various types of exemptions from f. Click here to download the complete set of the 201516 budget for offline reading. Finance minister mr arun jaitley in the budget 201415 salaried class tax breaks and increased the range of savings.
Budget highlights 201516 assam legislative assembly. This document has been updated with details of the announcements and other key features of the rail budget. His speech was marred by protests over the proposed division of a telangana state. Union budget of india 201819 highlights pdf cracku. This page contains the budget document sets out the northern ireland executives spending plans for the period from april 2015 to. Gross domestic product gdp growth of india for 2015 16 projected between 88. Suresh prabhu, presented the railways budget 201516 to parliament on february 26, 2015.
A fundamental reason for this is the chronic underinvestment in railways, which has led to congestion and overutilization. In his address, he assessed the performance of railways in 201415 and laid out his budget proposals for 201516. Regards team exampundit books for 2015 bankinginsurance exams submit rating average rating 0 5. Union budget 201516 india, indian union budget 201516. It includes the effect of railway budget union minister for finance shri arun jaitley on 28 th february presented in parliament the union budget 2015 16, with a focus on growth, promoting entrepreneurship and manufacturing, rationalizing tax regime and announcing some relief to common man. Introduction to budget 20152016 this tax memorandum gives an overview of the countrys economy for the financial year 20152016. Union budget 201516 summary download pdf bankexamstoday. Highlights direct tax proposals of union budget 201516. Revenues received are collected by the mandatory transportation fee incurred by all undergraduate students.
We do hope to hence provide a comprehensive view of the budget which the reader should find useful. Gross domestic product gdp growth of india for 201516 projected between 8. Union minister for finance, government of india, in parliament on february 28, 2015. If you do not already have such a reader, there are. Highlights of union budget 201516 affecting financial sector lfinancial inclusion 12. Jul 10, 2014 the following are the union budget 201415 highlights.
The enacted budget includes statutory changes authorizing higher annual deposits, and a higher maximum balance, in the rainy day reserve fund. Presented by the honourable tom koutsantonis mp treasurer of south australia on the occasion of the budget for 201516. The following provides highlights of what is contained in those bills and what was mentioned in budget. Increase the allowance for maintaining a dependent parent or grandparent. Budget highlights for fiscal year 201516 government of.
Finance minister arun jaitley announced a budget 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. Agricultural budget, basic budget, important points, pension for senior citizens, changes made by the budget committee. Smoking, eating out, air travel to be costlier manufacturing sector neglected. Highlights of union budget 201516 affecting financial sector. Here are the highlights of jaitleys budget for the fiscal year that begins on april 1. Union budget 201516 india, indian union budget 201516, pdf. Targets set under the madhya pradesh fiscal responsibility and budget management act, 2005 are expected to be met. The budget has a revenue surplus of 531 crore rupees and a fiscal deficit of 16,969 crore rupees 3. Ram sharan mahat tuesday 14 july 2015 government of nepal ministry of finance 2015. Republic of south africa national treasury 1 personal income tax 34% other 7% vat 27% fuel levies 5% excise duties 3% corporate income tax 19% customs duties 5% final 20 budget highlights. Lets look at key highlights of union budget 201516.
Goods and service tax gst, jan dhan, aadhar and mobile jam for direct benefit transfer. Indirect tax highlights february 28, 2015 key takeaways. This effort of care has been part of our tradition to provide this analysis as soon as possible after. It was a budget for corporates as corporate tax reduced from 30% to 25%. Expectation from budget was very high, but budget seems to be highly disappointing. Budget 20 budget highlights budget 20 bulletin back to balance budget 20 bulletin. Brief summary, financial, general, family, it latest update. 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. The budget documents presented to parliament comprise, besides the finance ministers. Expected questions based on the union budget 2015 16. Highlights of union budget 2015 internet desk february 28, 2015 12.
Highlights of railway budget 2015 16 compiled by k. Here are some of the highlights of the rail budget 2015. Here are the highlights of the budget presented by finance minister arun jaitley. Report on the state fiscal year 201516 enacted budget. Government budget is designed for optimal allocation of resources.
Committing resources to the statutory reserve funds. Finance minister arun jaitley, who is presenting the union budget for fiscal 2015 16 in the lok sabha, said the government is establishing a mechanism self employment to support all aspects of start up business. Union budget 2015 live update and budget highlights. This was the first full year budget of the nda government and the second budget of arun. Union budget of india is referred to as the annual financial statement in the article 112 of the constitution of india. Overview direct tax government not going ahead with direct tax code. Eagle run campus shuttle and fast trax bike borrowing transitioning to campus recreation. 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.
Union finance minister, arun jaitley on 28 february 2015 presented union budget 201516 in the lok sabha. Jan 24, 2018 fiscal deficit fiscal deficit seen at 3. Service tax change in service tax rate service tax rate increased from 12. Union budget 201516 summary download pdf published on sunday, march 01, 2015. 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 taxation no change in the tax slab on personal. We are bringing you the highlights and key announcements of budget 201516. Additional income tax compliance burden for charitablereligious trusts. Budget pragmatic, will reignite growth, says modi union budget 2015 16. Indian railway budget 201516, rail budget highlights, pdf.
Download union budget 201516 highlights file in pdf format. 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. Outcome budget 201516 consists of following chapters. Dear readers, as you all are awared, recently finance minister arun jaitely presented the first fullfledged union budget 2015 of the nda government in the parliament on 28th february 2015. The highlights of the union budget are as following. This article, based on the union budget 201516 presented to the parliament on february 28, 2015 analyses the key features of the budget and makes an assessment of the likely fiscal situation in 201516. 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. Union budget 201516 is announced by finance minister arun jaitley today. Here are the highlights of finance minister arun jaitleys budget for the fiscal year that begins on april 1. Budget 201516 highlights budget 201516, the final budget of the 17. Finance minister arun jaitley, who is presenting the union budget for fiscal 2015 16 in the parliament, on saturday said, with the fiscal space reduced, the government has decided to continue supporting important national priorities. The finance minister arun jaitley presented the union budget 201617 on monday.
Transparent coal block auctions to augment resources of the states. Highlights of telangana budget 201516 education today news. Tax benefit on hiring on employees base also widened. This was the first full year budget of the nda government and the second budget. Budget 2015 live india budget news, union budget 201516. Summary charts deduction under chapter vi a 80c to 80u. Budget documents archive government of nova scotia. Union budget highlights 201516 states to be equal partners in economic growth. The budget for the next fiscal year is aimed at vastly improving the rural sector with emphasis on agriculture, education, job and skills training and various reforms supporting the stand up india campaign, among others. 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 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. Here is a pdf containing all the key highlights in union budget 201516. Finance minister arun jaitley, who is presenting the union budget for fiscal 201516 in the lok sabha, said the government is establishing a mechanism self employment to support all aspects of start up business. F inance minister arun jaitley today 28th february 2015 presented the union budget for the year 201516 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.
General enquiries regarding budget papers should be directed to. Get latest updates on live budget news, budget 2014 date, budget highlights, and indian railway budget, income tax. Telangana finance minister etela rajendar has presented a 1,15,689 crore rupees budget on march 11, 2015 for the fiscal year 201516. Introductory note on mandate, goals, policy framework, salient. The budget has been formulated with the twofold objective of promoting inclusive growth and strengthening the federal structure. Budget speech of fiscal year 201516 delivered to legislatureparliament of the constituent assembly by honorable finance minister dr. Highlights of the union budget 2015 16 announced by finance minister arun jaitley on 28th february related with funds to be spent on projects, personal, corporate and indirect taxes.
Budget highlights key features pdf file opens in a new window. It was the first full year budget of the nda government under leadership of prime minister of narendra modi and the second budget of arun jaitley as finance minister. Broad principles of taxation proposals the proposals for the budget 201516 are mainly based on the following principles. To access a portable document format pdf file you must have a pdf reader installed. Being termed as make or break, this is arun jaitley and the nda governments first fullyear budget. Major highlights of proposed tax slab for ay 201819. Stay on the times of india to know the live update, latest news and headlines about indias union budget 2015 16. Key features of budget 20152016 274 kb pdf file that opens in a new. Till 2016, it was presented on the last working day of february. Union railway minister of modi government presented their railway budget today. Finance minister arun jaitley, who is presenting the union budget for fiscal 201516 in the parliament, on saturday said, with the fiscal space reduced, the government has decided to continue supporting important national priorities. Finance minister arun jaitley presented the first fullyear budget of prime minister narendra modis government on saturday. Union minister for finance shri arun jaitley on 28th february presented in parliament the union budget 201516, with a focus on. The union budget of india, also referred to as the annual financial statement in the article 112.
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