Back to basics for economic prosperity and citizen satisfaction in the 201516 budget. Net tax revenue grew by 17 percent in 201516 committed to making taxation rate reasonable, our tax administration more fair and expand the tax base of the country pradhan mantri mudra yojana lending target has been doubled at rs 2. Actual 201112 actual 2012 actual 2014 actual 201415 revised 2015 16 budget 201617 source. They have taken a number of key strategic decisions to enable them to secure financial sustainability in the medium and longer term including. It was the second full year budget of the nda government under leadership of prime minister of narendra modi and the third budget of arun jaitley as finance minister. At least 25 train stations are expected to be awarded during 201718 7. Finance minister arun jaitley presented the union budget 2017, his fourth annual budget. 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. Honorable minister of finance nhlanhla nenes 201516 budget speech highlighted that the budget is constrained by the need to consolidate public finances in the context of slower growth and rising debt. The australian government budget sets out the economic and fiscal outlook for australia and includes expenditure and revenue estimates for the current financial year, the budget year and three forward financial years. Shared prosperity, fairness, balance a return to surplus in 201516. India hailed as a bright spot amidst a slowing global economy by imf.
Considering all the sectors, education has got the highest allocation 16. Real growth in noninterest spending will average 2. Budget 2015 live india budget news, union budget 201516. Gujarat budget highlights, 201617 linkedin slideshare. This will be achieved through a series of measures, including an attrition management plan, necessary expenditure reductions and revenue generation through increased taxes and. Budget highlights 1 4 budget statement 201819 negative net debt at 30 june 2018 is expected for the third year in a row.
Actual 201112 actual 2012 actual 2014 actual 201415 revised 201516 budget 201617 source. Dec 28, 2018 finance minister arun jaitley presented the union budget 2017, his fourth annual budget. Union budget of india 201516 highlights and analysis clear ias. 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. Jan 24, 2018 fiscal deficit fiscal deficit seen at 3. Today on 16th february, 2015, hon ble minister, finance sri pradip. A plan for new schools, better hospitals and the road and rail our growing state needs. Budget highlights some of the key points of the budget are. Income tax rate cut to 5 pc for individuals having income between rs 2.
It shows the governments social and political priorities and how the government intends to achieve these. Highlights of union budget 201819 overview of the economy the gdp grew at 6. Union minister for finance, government of india, in parliament on february 28, 2015. Highlights of budget 201516 the hindu businessline. 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.
The governments infrastructure program will support the delivery of new and upgraded local. Highlights of fm arun jaitleys speech imf has hailed india as a bright spot. Let us look at our achievements compared to the last three years of the last government. We inherited an economy with low growth and high inflation, jaitley said. Proclaiming that britain is walking tall again, the chancellor announced that the national debt target has been met and predicted the end of austerity a year early. It provides aggregated information on revenues and expenditures, budgeted for fiscal year 201819 alongwith budget estimates and revised estimates for the outgoing fiscal year 201718. Here is a pdf containing all the key highlights in union budget 201516. Highlights of union budget 201617 current affairs today. Meeting of the local government assistance corporation 06202019. From april 2016, she may have the option of selling her annuity for a lump sum without having to pay a tax penalty. Gross domestic product gdp growth of india for 201516 projected between 8.
Detailed information is available in the relevant budget documents. Mar 02, 2015 section 80g is amended so as to provide 100% deduction in respect of donations made to the swachh bharat kosh, the clean ganga fund applicable w. The victorian budget 201920 delivers on that positive plan, while maintaining our strong and steady economic approach. 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. Union budget 201516 india, indian union budget 201516, pdf. Increases in personal income tax rates and the general fuel levy are set to add r16.
Any additions to personnel headcount for 201516 and 201617 will be paid for from existing allocations. Budget book 201516 strategic context over the past 3 years, babergh and mid suffolk district councils have recognised the financial challenges facing them and the opportunities that exist. Robust growth achieved despite very unfavourable global conditions and. Budget highlights 201516 march 10, 2015 dispur, guwahati. Section 80g is amended so as to provide 100% deduction in respect of donations made to the swachh bharat kosh, the clean ganga fund applicable w. P a g e 1 gujarat budget, 201617 value added tax item that becomes taxfree bamboo and bamboo. Mar 18, 2015 during 201516, shell have no tax to pay on the savings interest she receives either. Finance minister arun jaitley presented the first fullyear budget of prime minister narendra modis government on saturday. Being termed as make or break, this is arun jaitley and the nda governments first fullyear budget. Budget analysis and major economic challenges for fy17. Last year, we took a positive plan to the people of victoria. Journey for fiscal deficit target of 3% will be achieved in 3 years rather than 2 years.
Relief under section 87a is available to a resident individual if his total income does not exceed 3,50,000. Budget highlights 2015 16 march 10, 2015 dispur, guwahati. Union budget 201516 india, indian union budget 201516. This publication of know your budget fy 201516 highlights the strategic objectives of the. Here are the highlights of the rail budget 2015 you can download pdf version of the same from here there is no increase in passsenger rail fares. By 2019, all coaches of the indian railways will be fitted with bio. Feb 01, 2017 this is expected to open up new jobs for the youth 6. Budget 2014 five things to know about budget 2014 1. Budget 2015 introduction and highlights pkf littlejohn. Click here to download the complete set of the 201516 budget for offline reading. 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. During 201516, shell have no tax to pay on the savings interest she receives either. Financial year 201516 budget, provides an understanding of the. The office for budget responsibility has revised economic growth slightly upwards from 2.
Fiscal deficit in re 201516 and be 201617 retained at 3. Governments initiatives, programs and expenditures in the 201920 budget detailed by region. Double the number of wifi hotspots with completely or timelimited free public access to 20 000. This is expected to open up new jobs for the youth 6.
Reductions to the small business tax rate, ensuring a fair and competitive tax environment. Budget 2015 outlines a fiveyear fiscal recovery plan to return the province to surplus in 202021. Budget in brief presents an abridgement of the federal budget 201819. Budget, india, budget highlights 201617, income tax. Gross domestic product gdp growth of india for 201516 projected between 88. Get latest updates on live budget news, budget 2014 date, budget highlights, and indian railway budget, income tax. Chancellor george osborne delivered his 2015 preelection budget in bullish mood. Highlights of budget estimates for 201516 finance department. Here are the highlights of jaitleys budget for the fiscal year that begins on april 1.
Apr 21, 2015 highlights of the 2015 16 federal budget. Regards team exampundit books for 2015 bankinginsurance exams submit rating average rating 0 5. Gross domestic product gdp growth of india for 2015 16 projected between 88. This will be achieved through a series of measures, including an attrition management plan, necessary expenditure reductions and revenue generation through increased taxes and fees.
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