Economic performance and outlook for fy 201415 ammaccrrooeeccoonnom miic ceppeerrffoorrmaannce aanndd oouuttllooookk real gdp growth 6. In last years budget speech, i focused on income security of farmers to double their income in 5 years. Union budget budget 2015 arun jaitley budget speech text of finance ministers speech finance minister economy madam speaker, i rise to present the budget of the union for the year 201516. A detailed analysis of the union budget 201415 follows, with particular focus on. Union budget 201415 sbicap securities limited 3 personal incometax exemption limit raised by inr 50,000 to inr 2. The 201415 accruals amounting to r751 million have been cleared. The 2017 budget proposes several difficult tradeoffs to safeguard citizens quality of life, improve the efficiency of spending and ensure that the public finances are sustainable.
Due to ensuing lok sabha elections, the government of india has presented interim budget for the financial year 2014 15 instead of a regular budget. Union budget 201415 india, indian union budget 201415. At each and every step we took to repair the budget, we were opposed by new south wales labor. We do hope to hence provide a comprehensive view of the budget which the reader should find useful. Union budget 201415 key highlights from the budget speech made by finance minister mr. An overall improved business and economic environment. Agricultural budget, basic budget, important points, pension for senior citizens, changes made by the budget committee. 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.
Chidambaram presented interim budget for the year 201415 on 17022014. June 2014 4 3rddecember 20, the rupee has appreciated by 11%. I do this informed by the vision of this country which is clearly pronounced in the national development plan. Chidambaram was talking about achievements of upa governments. Compiled by cbga from budget at a glance, union budget documents, various years. Macroeconomic framework for the relevant financial year. Union budget 201415 india, indian union budget 201415, pdf. Click here to download the complete set of the 201415 budget for offline reading. Majority of people have demanded to increase tax exemption limit from 2 lac to 5 lac but tax limit was enhance only by 50,000 rs. Honourable speaker i have the honour to present the first budget of our fifth democratic parliament. Special emphasis is given to improving competitiveness in industry, investment. Once again, as i have the honor of presenting the budget 201516, i bow my head before allah swt for untold and immeasurable blessings he has bestowed on this nation and the singular distinction he has conferred on. Source basis of income tax normal tax is levied on taxable income of companies, trusts and individuals from sources within or deemed to be within or from namibia.
Full text railway budget 201415 speech of sadananda gowda download in pdf. Presenting the interim union budget for the year 201415, mr. The declining expendituregdp ratio has had its consequences on overall social sector allocations which were reflected in the budgets of the previous two years. Highlights of the union budget 201415 presented by finance minister arun jaitley in the parliament on july 10, 2014. The union budget 20142015 aims to cater all groups of the society with a.
Budget speech 201415 budget speech 201415 9 president thabo mbeki was spot on because he knew that this government is committed to transforming the country for the better. While the fm touched upon the need for capital infusion in psu banks, the figure of rs,400 crore allocated this year was much lesser than rs15,800 crore the previous year. On these two foundations, we are able to offer bold and forthright leadership. Chidambaram said that the indias economy, the 11th largest in the world, had stabilized and was showing signs of turnaround. The liberals and nationals chose to act, and close this unacceptable deficit. The budget has presented a broad road map of the economic policy of the new government and outlined its plan for reviving the growth spirit of the indian economy. This budget speech is dedicated to the memory of that outstanding son of the soil, hero of our people, giant of giants, an extraordinary nation builder and the greatest south african that ever lived, president nelson mandela, who left us almost three months ago on 5 december 20. It will also set the tone for policy stance relating to fiscal issues as well as economic reforms. Check full text of arun jaitleys budget 2017 speech union finance minister arun jaitley on monday presented his third budget which took on both the f. This budget is highly influenced by general elections. Budget speech and nor reflected in the budgetary allocation. The budget speech of the union budget 201415 began with a mention of most of the. Analysis of union budget 2014 15 linkedin slideshare.
Gdp in 201415, and public debt will stabilise at about 38 per cent of gdp. Gross domestic product gdp growth of india for 201516 projected between 8. An expansion in infrastructure investment is one of the central priorities of the 2012 budget. Read the full budget speech, given by finance minister nhlanhla nene, below. The peoples alternative budget speech 2014 the mail. Union budget 2014 15 10th july, 2014 budget 2014 15 holistic plan of action the finance minister while presenting the budget takes cognizance of the fact that decisive action to fuel growth without populism is the need of the hour. Union budget 2014 15 banking, financial services and insurance july 2014. Union budget of india 201819 highlights pdf cracku. Madam speaker, the budget for the fy 201415 is quite special in a number of ways. Following precedent, it is proposed to establish a nonstatutory pdma that can begin work in 201415. People have voted for a change and india desires to grow. Budget speech 2014 3 housing is also on the rebound. His speech was marred by protests over the proposed division of. Union budget speech 201415 minister speech 20142015.
Plan allocation of 5,75,000 crore in the main budget 201415 mark an increase of 26. Union finance minister arun jaitley arrives at parliament house to present the union budget, in new delhi on thursday. Following precedent, it is proposed to establish a nonstatutory pdma that can begin work in 2014 15. Union budget 201516 india, indian union budget 201516, pdf. Union budget 201415 key highlights from the budget speech. Union budget 2014 15 the budget was particularly positive for infrastructure, housing and agriculture. Estimates for 201415 151 159 medium range forecast 160 161 concluding remarks 162 168 this speech, together with the supplement and appendices relating to the 201415 budget, is available at. Feb 18, 2014 union budget 201415 key highlights from the budget speech made by finance minister mr.
Major highlights of proposed tax slab for ay 201819. The challenge going forward is to ensure that we sustain this inclusive growth trajectory towards true socioeconomic transformation. The targets for the present year are a growth rate of 5. Memorandum explaining the provisions in the finance bill, 2011.
Expectations from the union budget 201415 the union budget for 201415 fy15 is to be presented in the parliament on 10th july 2014. Source basis of income tax normal tax is levied on taxable income of companies, trusts and individuals from. Plan performance in 2014 the state plan size for the year 2014 has been tentatively kept at rs. Chidambaram vel anru venri tharuvathu mannavan kol athuvoom kodaathu enin. Let me begin by extending my warm greetings to my fellow citizens. The fm, in his speech, strongly reaffirmed his commitment to the introduction of gst. 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.
Thank you very much honourable speaker for this opportunity to table the 201415 budget. Madam speaker, i now wish to look forward and outline a vision for the future. The budget and expenditure monitoring forum bemf and call for budget justice imagined, for budget 201415, what we would say to the nation if we were the minister of finance. This budget speech is dedicated to the memory of that outstanding son of the soil, hero of our people, giant. Devolution of resources to states in terms of resources transferred to states, while the share of states in central taxes as percentage of. Medium term fiscal policy cum fiscal policy strategy statement. Budget 20142015 budget speech legal deposit bibliotheque et archives nationales du quebec february 2014 isbn 9782551255016 print isbn 9782550699774 pdf. Financing for development taking our capital city forward madam speaker we present the 201415 mediumterm revenue and expenditure framework hot on the heels of our fifth national elections, an event that will no. However, no timeline for the rollout of gst was announced.
While making his maiden budget speech in parliament on july 10, the union. This years budget is a continuation of our long journey towards creating a. This will be a critical budget as it would be the first non congress budget after more than a decade. Early childhood development the provisioning of early childhood development remains a top priority for this administration as this is an area where we integrate care giving with stimulation programmes to prepare children for the teaching and learning environment. The budget documents presented to parliament comprise, besides the finance ministers budget speech, of the following. Key to budget documents pdf file opens in a new window budget highlights key. Sequence of presentation introduction terms and concepts used current economic situation analysis of union budget 2014 15 future vision conclusion 3. May 19, 2015 read the full budget speech, given by finance minister nhlanhla nene, below.
Brief summary, financial, general, family, it latest update. Today south africa is a better place to live in than it was before the dawn of democracy, and this is the vision that president thabo mbeki spoke about. Union budget 201415 banking, financial services and insurance july 2014. Jul 10, 2014 union finance minister arun jaitley on thursday presented his maiden budget.
Central excise tariff no change 4819 10 cartons, boxes and cases, of corrugated paper or. Union budget speech quotes fun remarks business today. Presidents of the eac monetary union protocol, in addition, to the. Feb 26, 2014 the budget and expenditure monitoring forum bemf and call for budget justice imagined, for budget 201415, what we would say to the nation if we were the minister of finance. Chidambaram has presented the vote on account budget 201415 in parliament today 17th february 2014 monday. Madam speaker, the budget for the fy 201415 is quite special in a. Honble speaker sir, with your permission, i rise to present before this august house budget estimation for the year 201415. 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. Honourable speaker of the provincial legislature, honourable premier of the peoples province of bokone bophirima, ntate sor mahumapelo. The budget in respect of compensation of employees coe has been contained. Budget speech by honble finance minister union budget.
Union budget 201415 the budget was particularly positive for infrastructure, housing and agriculture. Southern african customs union, and the increase in diamond exports. In line with the minister of finances 201617 national budget speech and also taking into account the current fiscal framework, the bokone bophirima province has also. 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 201415 page 1 indirect taxes tariff a. In preparing the 201415 budget, we have continued the tradition of. Union budget 201415 10th july, 2014 economy at standstill industry national industrial corridor authority to coordinate the development of the industrial corridors psus capital investment of rs 2,47,941 crores in fy15 to create a virtuous investment cycle impact egovernance will usher in transparency and accountability in the government processes. The union budget for 2014 15 has been announced by mr arun jaitley, union minister for finance, government of india, in parliament on july 10, 2014. Challenging situation due to sub five per cent growth and double digit inflation. Union budget 201516 india, indian union budget 201516. Financing for development taking our capital city forward madam speaker we present the 201415 mediumterm revenue and expenditure framework hot on the heels of our fifth national elections, an event that will no doubt go down as the most exciting, intense, competitive.
Union budget interim 201415 a snapshot union finance minister p chidambaram presented the interim budget for the fiscal year 201415 today to cover expenditure until the governments term ends in may. And that resources for developmental expenditure cannot be raised at the. Some of this information is unaudited or subject to revision. Pursuant to the announcement in the budget speech of 201112, government is ready with the public debt management agency bill. Aiming at 78 per cent gross domestic product gdp growth in 34 years. As per new budget tax exemption limit for individual is raised to 2. Education cess to continue at 3% exemption under section 80c is raised to inr 1. Sequence of presentation introduction terms and concepts used current economic situation analysis of union budget 201415 future vision conclusion 3. 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. The fm, in his speech, strongly reaffirmed his commitment. Union finance minister arun jaitley on thursday presented his maiden budget. Budget speech 201516 bismillahirrehmanirrahim parti mr. This effort of care has been part of our tradition to provide this analysis as soon as possible after.
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