In the union budget 2012 presentation, the finance minister stated that the indian economy is estimated to grow by 6. The finance minister had to tread a very fine line in finalising the tax proposals for this years. Important for competitive exams banking, insurance, ssc, upsc, clat, and other exams. Fema rbi the institute of chartered accountants of india organized a workshop on indirect proposals of the union budget 2011 12 at its headquarter in new delhi on march 17, 2011. Tax calculator and budget highlights added herein the work you are currently enjoying are efforts of many. Budget 201112 to serve as a transition towards a more transparent and result oriented economic management system in india. The union budget for 2011 12 has been announced by the union finance minister, mr pranab mukherjee, in parliament on february 28, 2011. This budgetary proposals would be applicable from 1 april 2011 to 31 march 2012.
In this article we will discuss in detail the economic survey, highlights of economic survey 2020 and important questions for upsc and other government exams. Union budget is classified into revenue budget and capital budget. The finance minister had to tread a very fine line in finalising the tax proposals for this years budget. No revision in tax slabs, tax credit of rs 2000 for income upto rs 5 lakh. Bonanza has come out with a report on analysis on union budget 201112 key highlights. Union budget 201112 highlights budget highlights 201112. Dec 15, 2016 highlights of the union budget 201011 presented by finance minister pranab mukherjee on friday.
According to article 112 of the indian constitution, the union budget of a year, also referred to as the annual financial statement, is a statement of the estimated receipts and expenditure of the government for that particular year. Challenges to lead economy to high gdp growth rate of 9 per cent per annum at the earliest to deepen and broaden the agenda for inclusive development to improve delivery mechanisms of the government. Union budget of india is referred to as the annual financial statement in the article 112 of the constitution of india. Union budget of india 201415 highlights and analysis. The budget is presented by the finance minister of india in parliament. Macroeconomic framework for the relevant financial 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. Highlights of budget, union budget 201617, railway budget 2016, economic survey 2016. Get latest updates on live budget news, budget 2014 date, budget highlights, and indian railway budget, income tax. Memorandum explaining the provisions in the finance bill, 2011.
Highlights of the union budget 201112 as presented in the parliament. Dtc proposals to raise rs,300 crore, indirect tax to fetch rs 4700 crore. Affirming that the economy is right on track, finance minister arun jaitley presented the union budget for 201617. Net revenue gain from tax proposals at rs 20,500 crore certain accredited news agencies. Union finance minister of india, pranab mukherjee, presented the budget in the parliament on 28 february 2011. Highlights of the budget can be viewed here 321 kb pdf file that opens in a new window. Similarly, budget provision earmarked for education of girl children should be enhanced from the present level of rs. The union budget 201819 holds special significance being the first budget post the implementation of gst in july 2017. Highlights of budget the key features of the budget indicates prominent achievements in various sectors of the economy, new initiatives announced in the budget. Union budget of india 201819 highlights and economic survey 2018 highlights pdf quick facts about union budget. Live budget news et brings you 360 degree coverage of the budget 201617. Union budget 201819 live updates highlights pdf download.
Home indiabudget 201112unionbudget highlight of union budget 20112012. The following are the major highlights of the union budget 201112 presented by the honble finance minister mr. Union budget 201516 india, indian union budget 201516, pdf. Growth had started decelerating when the interim and full budget for 200910 were presented. Union budget 201112, presented by finance minister pranab mukherjee in parliament on monday, announced a divestment target of. Gross domestic product gdp growth of india for 201516 projected between 8. This document is presented to both houses of parliament during. Union budget 201617 in this note we present some trends regarding the central governments sources of financing including tax revenue, disinvestments, and its revenue and capital expenditure, including subsidies. It is reassuring to know that the government has planned to allocate 2. Highlights of union budget 20112012 times of india. Finance minister pranab mukherjee presented the 200910 union budget in the parliament on monday.
Finance minister pranab mukherjee on monday presented to parliament indias budget for the coming financial year beginning in april. Some of the budgetary announcements relating to specific. The union budget of india for 20112012 was present by pranab mukherjee, the finance minister of india on 28 february 2011. Washington teachers union tentative agreement highlights local 6 of the american federation of teachers aflcio improving teaching and learning on behalf. The economic times is liveblogging the union budget 2012. This was specially requested in the context of ongoing slowdown of economic growth which could be lower than 6. Highlights of the union budget 201112 central government. The union budget 201112 was drafted with an objective to promote sustained economic growth, strengthen infrastructure, moderate the price.
There are two kinds of revenue receipts tax and nontax revenue. Union budget 201516 india, indian union budget 201516. It is not only important for corporates but for individuals from all. The union budget 201112, presented by the honble union finance minister. How is the union budget of the republic of india made. Regards octavious the three key macroeconomic concerns before the union budget 2011 12 were high inflation, high current account deficit cad, and fiscal consolidation. Budget proposals budget highlights glossary direct tax, indirect tax policy proposal, direct tax, indirect tax and tax rates 01 10 34. We also look at estimates presented in the 201617 union budget. Go through this detailed article of economic survey 201920 so that you cant miss the questions from this section in your exams.
Union budget 201112 all that you need to know about the latest budget including the highlights, complete budget speech of the finance minister and every possible detail that you wish to see about. Finance minister pranab mukherjee today presented to parliament the union budget 2011 12. Employees and pensioners to get 10% da of july 2010 alongwith salarypension for april, 2011. News and highlights for india union budget and railway budget for the year 2011 2012. Finance minister of india proposed few initiatives to assist the economic expansion while presenting the india union budget 2010 2011 in the parliament on february 26, 2010. Again like we mentioned in our pre budget note, tax exemption limit is to be raised from rs 160000 to rs 180000. Finance minister of india proposed few initiatives to assist the economic expansion while presenting the india union budget 20102011 in the parliament on february 26, 2010.
Highlights union budget 201011sectorwise analysis if you have any questionpoint on the above information, please askdiscuss it in the current affairs group. Kb pdf file that opens in a new window budget highlights key features. Highlights aam aadmi focus of all programmes, says fm. Union budget 2011 12 highlights budget highlights 2011 12 swift and broad based growth in 201011 has put the economy back to its precrisis growth trajectory. Union 2 budget macroview ficci had expected and recommended that the budget would include measures for promoting investment led growth. 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 largest tax expenditures in the 2012 tes are for superannuation and. Rates of union excise duties and service tax rationalized for eventual shift to the goods and service tax on 1st april, 2010. Income tax major highlights of union budget 201112. Regards octavious the three key macroeconomic concerns before the union budget 201112 were high inflation, high current account deficit cad, and fiscal consolidation. Following are some of the key highlights of the union budget 2012, presented by finance minister pranab mukherjee in the parliament on friday. The budget documents presented to parliament comprise, besides the finance ministers budget speech, of the following.
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. Subscribers of 2020 pdfs can now download march 2020 pdf from their account. Feb 28, 2011 union budget 201112 highlights posted by admin feb 28, 2011 0 comments critical institutional reforms set pace for doubledigit growth scaled up flow of resources. In the rashtriya madhyamik shiksha abhiyan rmsa, which is emerging as the union governments. We have already shared union budget 2020 important questions pdf for all exams. The indian economys high growth trajectory is likely to taper down in the fy 201617 ending march 2017, affected. Budget highlights key features pdf file opens in a new window. Union budget 201516 india presented by mr arun jaitley, union minister for finance, government of india, in parliament on february 28, 2015. Budget highlights feb 28, 2011 page 3 of 22 highlight of the union budget 201112 few of the important amendments, proposed to be effected by the finance bill, 2010 introduced on the floor of the parliament on february 26, 2010 effective from assessment year 20112012 or financial year.
The union budget 2011 12, presented by the honble union finance minister shri pranab mukherjee in the parliament on february 28, 2011, aims to sustain economic growth, strengthen infrastructure, moderate price rise, particularly of agricultural produce and reduce social imbalances through inclusive development. The budget documents presented to parliament comprise, besides the finance ministers. Income tax limit raised from rs 1,60,000 to 1,80,000 for senior citizens, tax exemption limit increased to rs 2,50,000. Apr 28, 2020 union budget 201819 infrastructure highlights. The gross domestic product gdp of india is estimated to have grown at 8.
The union budget for 201112 has been announced by the union finance minister, mr pranab mukherjee, in parliament on february 28, 2011. The total expenditure proposed for 201112 is rs 1257729 crore. However, there is no increase in basic exemption limit in the case of resident women who is below 60 years at. Stay with us as we bring you the latest updates, analyses from market experts and politicians, reactions from indias top business leaders and live analysis throughout the day. Union budget keeps the account of the governments finances for the fiscal year that runs from 1st april to 31st march. Union budget 201112 highlights budget highlights 201112 swift and broad based growth in 201011 has put the economy back to its precrisis growth trajectory. The union budget of india also called the general india budget is presented each year on the last working day of february. Medium term fiscal policy cum fiscal policy strategy statement. Dutt majumder, chairman, central board of excise and customs. Budget word budget derived from bougette means a leather bag. Following are the highlights of economic survey 201112. If you like this, then please share it with your friends. Live updates of union budget 201819, 201718, 201617.
The total expenditure as per union budget 201415 is rs. Gross domestic product gdp estimated to have grown at 8. Hope you like this union budget 20182019 live updates, live streaming, highlights, pdf file free download, 2018 railway budget and pdf file. Budget highlights feb 28, 2011 page 3 of 22 highlight of the union budget 2011 12 few of the important amendments, proposed to be effected by the finance bill, 2010 introduced on the floor of the parliament on february 26, 2010 effective from assessment year 2011 2012 or financial year. According to the article 112 of the indian constitution, the government launches the annual financial statement, known as the union budget for that particular year. Union budget 201718 was published in the reserve bank of india bulletin, may 2017. Revenue budget includes the governments revenue receipts and expenditure. The nominal growth rate of gdp is expected to be 14% for 2012. Key features of union budget 20092010 indian express. India budget 202014 highlights key features of budget 202014.
The union budget of 201819 presented by finance minister arun jaitley is the 5th final budget of the bjp government before the lok sabha elections 2019. The union budget 20142015 aims to cater all groups of the society with a motto, sab ka saath sab ka vikas. Indian union budget 2014 date, indian general budget 20. The budget process in india, like in most other countries, comprises four distinct phases. The union budget 201112 was drafted with an objective to promote sustained economic growth, strengthen infrastructure, moderate the price rise. After a long journey of economic reforms, amid subdued economic growth, challenging fiscal situation and farm distress, the budget endeavours to continue its focus on poverty, rural economy, healthcare, education. Union budget 2011 12 summary allocation for social sector increased by 17% to rs.
Check out the latest updates by clicking the below links and update yourself. The union budget 201112, presented by the honble union finance minister shri pranab mukherjee in the parliament on february 28, 2011, aims to sustain economic growth, strengthen infrastructure, moderate price rise, particularly of agricultural produce and reduce social imbalances through inclusive development. When the finance minister mr pranab mukherjee rose to present the union budget 201011 in parliament on 26th feb 2010, it was the sixth time over a span of 28 years that he was doing so. For senior citizens above 80, the tax exemption limit has been raised to rs 500,000. Highlights union budget 2018 2019 with pdf download. Jul 10, 2014 the following are the union budget 201415 highlights. Naturally, the anticipation among the citizens as well as the economists were on the rise. 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. Jan 31, 2020 in this article we will discuss in detail the economic survey, highlights of economic survey 2020 and important questions for upsc and other government exams. Budget prepared by dept of economic affairs of min of finance. On the one hand, there was an expectation that the demonetisation exercise warranted. Relative to high growth in the period 200304 to 201011 with the exception of 200809, growth in 2011 12 is on the lower side.
1363 143 168 22 920 116 1082 153 87 39 1132 1167 228 930 676 1272 1147 1211 1455 61 946 739 839 1113 468 79 709 712 350 49 1101