No revision in tax slabs, tax credit of rs 2000 for income upto rs 5 lakh. When one year ago, i rose to present the budget, the challenges were many, but there was a sense that the world economy was on the mend. For the indian economy, this was a year of recovery interrupted. Budget 20112012 speech of pranab mukherjee minister of finance march 16, 2012. Liability to pay advance tax in case of nondeduction of tax w.
There is no restriction on clearance of goods from the factory on budget day. Indian union budget 201819 indian finance minister mr arun jaitley presents 1st feb 2018, the union budget for fiscal year 2018 19. He said that in 201112, indias gdp is estimated to grow at 6. 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. In this report, we look at the key highlights of the union budget mainly from fixed income market perspective. Relative to high growth in the period 200304 to 201011 with the exception of 200809, growth in 201112 is on the lower side. Income tax exemption limit has been raised from rs. Madam speaker, i rise to present the union budget for 2012. Union budget 2012 get expectations, reality checks, expert opinion on the indian finance budget. Budget 2012 highlights business news times of india. Imf, in its latest update, has forecast that india will grow at 7. Indian union budget,indian budget, economic survey, budget.
Central plan outlay by sectors download pdf central plan outlay by ministriesdepartments download pdf. Overview of the union budget 2014 grant thornton india. 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. Reactions to the union budget 2012 01 highlights lfiscal deficit projected at 5. The budget documents presented to parliament comprise, besides the finance ministers. Most of the people have demanded to increase tax exemption limit from1.
Highlights of union budget 20112012 times of india. The budget 201718 has been marked by historic economic policy developments. Union budget of india for the year 201220 was presented by the finance minister pranab mukherjee on march 16, 2012. National health mission nhm services to an ageing population. Presentation of the union budget 201718 budget 201718 not only subsumed the railway budget but was also advanced to 1 february to enable ministries to operationalise all activities from commencement of the fy on 1 april. Expectations from union budget 2012, union budget 2012. Memorandum, memorandum of budget 2012, budget memorandum, indian new budget 2012, budget features, budget news, budget notifications, major changes in budget 2012, 2012 budget, india budget 201220.
Dtc proposals to raise rs,300 crore, indirect tax to fetch rs 4700 crore. Total union government expenditure as a proportion of gdp % 14. The union budget 20142015 aims to cater all groups of the society with a motto, sab ka saath sab ka vikas. 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. Union finance minister pranab mukherjee arrives at parliament to present the budget 2012 in new delhi on friday. Expected launch date of union budget 2012 as stated by news sources, the union budget for 201220 will be presented in the second week of march this year. Slowdown in comparison to preceding two years is primarily due to deceleration in industrial growth. Key highlights of union budget 2012 india presented by finance minister pranab mukharjee prepared by, shiv.
Budget identifies five objectives relating to growth recovery, private investment, supply bottlenecks, malnutrition and governance matters. In the union budget 2012 presentation, the finance minister stated that the indian economy is estimated to grow by 6. Since then i have received a large number of suggestions both from within the house and outside. Amendment to the frbm act proposed as part of finance bill. Crore expenditure from the union budget on social services as % of total expenditure from the union budget as % of gdp 200405 39,123 7. The budget is being seen as an opportunity to push for big reforms to jumpstart indias creaking infrastructure and slowing economy.
Budget speech 2012, budget highlights 2012, budget 2012, india budget 2012, budget speech, new india budget, india new budget, budget 2012 india, union. 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 government presents it on the first day of february so that it could be materialised before the beginning of new financial year in april. Union budget 2012 highlights budget identifies five objectives relating to growth recovery, private investment, supply bottlenecks, malnutrition and governance matters gdp growth to be 7. Complete coverage of budget 2012union budget 2012, railway budget 2012, economic survey 2012. The union minister for finance and corporate affairs shri arun jaitley while presenting the general budget 201819 in parliament today said that indian society, polity and economy had shown remarkable resilience in adjusting with the structural reforms.
Union budget 201415 india, indian union budget 201415. 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. Mukherjee said that indias gdp growth in 2012 is expected to be 7. Following are some of the highlights of the indian union budget2012, presented by the indian union finance minister, mr pranab mukherjee. The union budget for 2012 has been announced by mr pranab mukherjee, the union finance minister, in parliament on march 16, 2012. Indian union budget 2014 date, indian general budget. Pranab mukherjee, the union finance minister, is going to table the union budget once the rail budget is tabled by the union railway minister. For 2012, 25,555 crore provided for rtessa representing an increase of 21. Priority for social services in the union budget year expenditure from the union budget on social services in rs. Comparison of union budget 201415, 1516, 1617, 1718. Union 1 budget highlights fiscal deficit projected at 5. Based on a projected buoyancy in nontax revenue and indirect taxes lthe nominal growth rate of gdp is expected to be 14% for 2012. A detailed analysis of the union budget 201415 follows, with particular focus on. Review the finance minister presented the union budget for 2012 on 16mar12 amidst much expectations and hope.
Presenting amendments to finance bill, pranab mukharjee said i presented the budget for the year 2012 on 16th of march, 2012. Union budget 2012 16 march 2012 finance minister pranab mukherjee friday began presenting his budget for 2012 amid noisy protests from opposition benches in. An analysis overview of the economy gdp growth estimated at 6. In this regard you may like to note the following points. Following are some of the key highlights of the union budget 2012, presented by finance minister pranab mukherjee in the parliament on friday. Presentation of union budget 2012 on 16th march 2012 guidelines as you are aware the union budget for 201220 is slated to be presented by the honble finance minister on 16th march, 2012. Comparison of union budget 201415, 1516, 1617, 1718 1. Finance minister pranab mukherjee presented the union budget for 201220 in. Now new lax exemption limit for individual is 2 lac. Some of the highlights the indian union budget 2012. The union budget 2012 presented by the finance minister shripranab mukherjee in loksabha today identifies five objectives to be. News and highlights for india union budget and railway budget for the year 2011 2012.
Budget highlights key features pdf file opens in a new window. Compiled by cbga from budget at a glance, union budget documents, various years. Aiming at 78 per cent gross domestic product gdp growth in 34 years. Budget at a glance download pdf receipts download pdf expenditure download pdf central plan outlay download pdf. 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. The economic times is liveblogging the union budget 2012. Highlights of union budget 2012 union budget 2012 at a glance.
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