We are bringing you the highlights and key announcements of budget 201516. Suresh prabhu, presented the railways budget 201516 to parliament on february 26, 2015. Increase the allowance for maintaining a dependent parent or grandparent. A fundamental reason for this is the chronic underinvestment in railways, which has led to congestion and overutilization. Union budget highlights 201516 states to be equal partners in economic growth.
Brief summary, financial, general, family, it latest update. Budget 2015 16 will align the creative sector with nova scotia business inc. Major highlights of proposed tax slab for ay 201819. Railway facilities have not improved very substantially over the past few decades. Union budget 201516 is announced by finance minister arun jaitley today. Committing resources to the statutory reserve funds. Budget highlights key features pdf file opens in a new window. Union minister for finance, government of india, in parliament on february 28, 2015. Budget speech of fiscal year 201516 delivered to legislatureparliament of the constituent assembly by honorable finance minister dr.
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. Finance minsiter arun jaitley introduced union budget 201516. If you do not already have such a reader, there are. 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. Additional income tax compliance burden for charitablereligious trusts. 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. 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. Jul 10, 2014 the following are the union budget 201415 highlights. Broad principles of taxation proposals the proposals for the budget 201516 are mainly based on the following principles. Union budget 2015 16 impact on the real estate and infrastructure sector disclaimer. Presented by the honourable tom koutsantonis mp treasurer of south australia on the occasion of the budget for 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. 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. Union budget 201516 india, indian union budget 201516. Decongestion of heavy haul routes and speeding up of trains. The budget documents presented to parliament comprise, besides the finance ministers.
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. Union budget 201516 summary download pdf bankexamstoday. 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. As per advance estimate for 201415, per capita income registered a growth rate of 11. The budget has a revenue surplus of 531 crore rupees and a fiscal deficit of 16,969 crore rupees 3. Download union budget 201516 highlights file in pdf format. Finance minister arun jaitley presented the first fullyear budget of prime minister narendra modis government on saturday. Expectation from budget was very high, but budget seems to be highly disappointing. The budget has been formulated with the twofold objective of promoting inclusive growth and strengthening the federal structure. This funding excludes provincial expenditures that may be accessed by the general. This document has been updated with details of the announcements and other key features of the rail budget.
Eagle run campus shuttle and fast trax bike borrowing transitioning to campus recreation. Stay on the times of india to know the live update, latest news and headlines about indias union budget 2015 16. A more detailed will be given later this coming week. Budget highlights 201516 assam legislative assembly. Revenues received are collected by the mandatory transportation fee incurred by all undergraduate students. Union finance minister, arun jaitley on 28 february 2015 presented union budget 201516 in the lok sabha. Union budget of india is referred to as the annual financial statement in the article 112 of the constitution of india. Introduction to budget 20152016 this tax memorandum gives an overview of the countrys economy for the financial year 20152016. Being termed as make or break, this is arun jaitley and the nda governments first fullyear budget.
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. Budget documents archive government of nova scotia. Finance minister arun jaitley presented the union budget 201516. 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. Highlights direct tax proposals of union budget 201516. Gross domestic product gdp growth of india for 201516 projected between 88.
Expected questions based on the union budget 2015 16. The union budget of 2015 16 was the first full budget to be presented by the modi led government and was preceded by sky high expectations of reform. 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. Ramesh, senior jgsirtsa no increase in passenger fare no new trains announced. Key features of budget 20152016 274 kb pdf file that opens in a new. Here is a pdf containing all the key highlights in 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. The following provides highlights of what is contained in those bills and what was mentioned in budget. Summary charts deduction under chapter vi a 80c to 80u. In his address, he assessed the performance of railways in 201415 and laid out his budget proposals for 201516.
Indian railway budget 201516, rail budget highlights, pdf. To access a portable document format pdf file you must have a pdf reader installed. Telangana finance minister etela rajendar has presented a 1,15,689 crore rupees budget on march 11, 2015 for the fiscal year 201516. The enacted budget includes statutory changes authorizing higher annual deposits, and a higher maximum balance, in the rainy day reserve fund. Ram sharan mahat tuesday 14 july 2015 government of nepal ministry of finance 2015.
Budget 201516 highlights budget 201516, the final budget of the 17. Introductory note on mandate, goals, policy framework, salient. 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. We do hope to hence provide a comprehensive view of the budget which the reader should find useful. Ir to become prime mover of economy once again 2 resource mobilization for higher investments 3. The budget documents archives include governments budget documents from 1996 to 2015. Union budget 201516 national portal of india government of india. Smoking, eating out, air travel to be costlier manufacturing sector neglected.
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. 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. Union budget of india 201819 highlights pdf cracku. Highlights of union budget 201516 current affairs today. Detailed alberta government budget documents, quarterly updates and economic statements. Transparent coal block auctions to augment resources of the states. Click here to download the complete set of the 201516 budget for offline reading. Government budget is designed for optimal allocation of resources. 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. 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. 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. Budget 2015 live india budget news, union budget 201516. Union finance minister arun jaitley presented union budget 201516 in the parliament. Budget 20 budget highlights budget 20 bulletin back to balance budget 20 bulletin.
Targets set under the madhya pradesh fiscal responsibility and budget management act, 2005 are expected to be met. 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. Outcome budget 201516 consists of following chapters. The finance minister arun jaitley presented the union budget 201617 on monday. Union budget of india 201516 highlights and analysis clear ias. Till 2016, it was presented on the last working day of february. Highlights of budget 201516 the hindu businessline. Gross domestic product gdp growth of india for 2015 16 projected between 88. Highlights of union budget 201516 taxation no change in the tax slab on personal. Gross domestic product gdp growth of india for 201516 projected between 8. Indirect tax highlights february 28, 2015 key takeaways. Highlights of union budget 2015 internet desk february 28, 2015 12. This was the first full year budget of the nda government and the second budget. Union budget 201516 india, indian union budget 201516, pdf.
Union railway minister of modi government presented their railway budget today. This was the first full year budget of the nda government and the second budget of arun. Lets look at key highlights of union budget 201516. 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. Transportation account encompasses the following basc programs managed by parking and transportation services. Union budget of india 201819 highlights and economic survey 2018 highlights pdf quick facts about union budget. Here are the highlights of jaitleys budget for the fiscal year that begins on april 1. Finance minister mr arun jaitley in the budget 201415 salaried class tax breaks and increased the range of savings. Service tax change in service tax rate service tax rate increased from 12. Agricultural budget, basic budget, important points, pension for senior citizens, changes made by the budget committee. Get latest updates on live budget news, budget 2014 date, budget highlights, and indian railway budget, income tax. Overview direct tax government not going ahead with direct tax code. Report on the state fiscal year 201516 enacted budget.
Union budget 201516 summary download pdf published on sunday, march 01, 2015. It was a budget for corporates as corporate tax reduced from 30% to 25%. 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. 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. 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. Highlights of railway budget 2015 16 compiled by k. This page contains the budget document sets out the northern ireland executives spending plans for the period from april 2015 to. Special focus on women and childrens facilities, the construction of worldclass cities, and welfare of senior citizens. Union budget 2015 live update and budget highlights. Here are some of the highlights of the rail budget 2015.
Union minister for finance shri arun jaitley on 28th february presented in parliament the union budget 201516, with a focus on. Highlights of union budget 201516 affecting financial sector. Here are the highlights of the budget presented by finance minister arun jaitley. Here are the highlights of finance minister arun jaitleys budget for the fiscal year that begins on april 1. 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. Foreign exchange reserves touched highest ever level of about 350 billion us dollars. Highlights of union budget 201516 affecting financial sector lfinancial inclusion 12. Regards team exampundit books for 2015 bankinginsurance exams submit.
Highlights of telangana budget 201516 education today news. The union budget of india, also referred to as the annual financial statement in the article 112. This effort of care has been part of our tradition to provide this analysis as soon as possible after. The indian railway budget 201516 has announced that the indian railways envisages investment of rs 8. Budget pragmatic, will reignite growth, says modi union budget 2015 16. General enquiries regarding budget papers should be directed to. Budget highlights for fiscal year 201516 government of. His speech was marred by protests over the proposed division of a telangana state. Tax benefit on hiring on employees base also widened. 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. Jan 24, 2018 fiscal deficit fiscal deficit seen at 3. Regards team exampundit books for 2015 bankinginsurance exams submit rating average rating 0 5. The highlights of the union budget are as following. Union budget 201516 is being presented by finance minister mr.
39 893 1351 162 452 1122 1126 34 220 184 1469 157 1454 1035 1011 713 399 226 1336 551 1263 605 963 1505 1054 1160 782 1036 249 612 488 653 667 238 286 381 92 1491 444 587 1221 465 239 636 168 714 1425 150