Revenue side domestic and global factors combined have had a bearing on the tax revenues during. In the union budget 2012 presentation, the finance minister stated that the indian economy is estimated to grow by 6. Union budget 201415 india, indian union budget 201415. Union budget 2012 highlights ias exam portal india. Mukherjee said that indias gdp growth in 2012 is expected to be 7. Every item of expenditure has to be well thought out and total outlay worked out.
Finance minister arun jaitly has announced a host of schemes and initiatives in union budget 201718. Macroeconomic framework for the relevant financial year. 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. Union budget 201516 india presented by mr arun jaitley, union minister for finance, government of india, in parliament on february 28, 2015. The 2012 budget consultation on revenue pdf format 21. In this regard you may like to note the following points. Crore expenditure from the union budget on social services as % of total expenditure from the union budget as % of gdp 200405 39,123 7. 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. In this report, we look at the key highlights of the union budget mainly from fixed income market perspective. Temporary transfer or permitting the use or enjoyment of any intellectual property right 4.
Union 1 budget highlights fiscal deficit projected at 5. Briefing for the legislative council pdf format 02. Owner state bank of india economic research department corporate centre, state bank bhavan madame cama road, post box no. He said that in 201112, indias gdp is estimated to grow at 6. Reactions to the union budget 2012 01 highlights lfiscal deficit projected at 5. In 195152, c d deshmukh was the first indian governor of rbi who presented the interim budget.
Please note that due to the age of these documents they may not meet current web publishing requirements and may not be compatible with some software. 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. Ministry of rural development fy 200506 and fy 2012 note. Every year, states provide details of anticipated demand for unskilled manual. Most of the people have demanded to increase tax exemption limit from1. Historical budget documents are available for reference purposes. Budget speech 2012, budget highlights 2012, budget 2012, india budget. 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. There is no restriction on clearance of goods from the factory on budget day. The total expenditure for 2012 is budgeted at rs14,90,925 cr at. In 195859, pandit jawaharlal nehru was the first pm who presented the union budget. Compiled by cbga from budget at a glance, union budget documents, various years. Highlights of union budget 20112012 times of india.
Medium term fiscal policy cum fiscal policy strategy statement. Review the finance minister presented the union budget for 2012 on 16mar12 amidst much expectations and hope. Rs 193,407 crore provision made for defence services in 2012 mar 16, 2012 12. Budget 2012 highlights business news times of india. Exclusive cnbctv18 and cnbc awaaz news, views, videos, budget analysis, expectations.
Below is the complete list of schemes and initiatives announced by narendra modi government in its third union budget for the financial year 201718. Total union government expenditure as a proportion of gdp % 14. Finance minister arun jaitley presented the union budget 201516 at the lok sabha on february 28, 2015. National health mission nhm services to an ageing population.
There were noisy protests in the house as he began reading the budget, prompting speaker meira kumar to admonish the members and say that the minister was doing his constitutional duty. The key features of the budget 274 kb, finance minister arun jaitleys budget speech 124 kb, budget at a glance 6 kb, finance bill 2015 364 kb and the macroeconomic framework satement 245 kb can be accessed here as pdf documents. Now new lax exemption limit for individual is 2 lac. Analysis of union budget 2012 free download as powerpoint presentation. Memorandum explaining the provisions in the finance bill, 2011. The ministry of minority affairs has got an outlay of rs. Comparison of union budget 201415, 1516, 1617, 1718. The government proposes to complete 1 crore houses for those without homes will allocate rs.
Program and budget for the 2012 biennium approved by the assemblies of the member states of. The union budget 2012 presented by the finance minister shripranab. Following are some of the key highlights of the union budget 2012, presented by finance minister pranab mukherjee in the parliament on friday. Taking a birds eye view of the entire economy and keeping in mind the difficult global environment, i expect indias gdp growth in 2012 to. Complete coverage of budget 2012union budget 2012, railway budget 2012, economic survey 2012. 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. Union budget 2012 highlights india indoasian news service updated. Consequently, the budget sessions for the year have been planned to start from the 2nd week of march this year. The union budget 2012 has no bigbang reforms unlike the much anticipated.
The union budget 2012 presented by the finance minister. Amendment to the frbm act proposed as part of finance bill. The budget is being seen as an opportunity to push for big reforms to jumpstart indias creaking infrastructure and slowing economy. Relative to high growth in the period 200304 to 201011 with the exception of 200809, growth in 201112 is on the lower side. Budget identifies five objectives relating to growth recovery, private investment, supply bottlenecks, malnutrition and governance matters. Finance minister pranab mukherjee presented the union budget for the year 2012, his. The economic times is liveblogging the union budget 2012.
Based on a projected buoyancy in nontax revenue and indirect taxes the nominal growth rate of gdp is expected to be 14% for 2012. 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 of india for the year 201220 was presented by the finance minister pranab mukherjee on march 16, 2012. 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. Union budget 201516 india, indian union budget 201516. For 2012, 25,555 crore provided for rtessa representing an increase of 21. Finance minister pranab mukherjee presented the union budget for 201220 in parliament on friday, with a reference to the state of the global economy and its impact on india.
Complete list of schemes announced in union budget 201718. As per the budget proposals the total receipts net of public debt forecast for the year 2012 is 44708. Union budget 2012 prepared by economic research department state bank of india, corporate centre mumbai 40. The government presents it on the first day of february so that it could be materialised. Union budget 2012 25 legal decisions on banking 40. The budget 201718 has been marked by historic economic policy developments. The budget documents presented to parliament comprise, besides the finance ministers budget speech, of the following. Finance minister pranab mukherjee presented the union budget for 201220 in parliament on friday, with a reference to the state of the.
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. Submit your feedback on union budget 2012 external website that opens in a. Budget speech 2012, budget highlights 2012, budget 2012, india budget 2012, budget speech, new india budget, india new budget, budget 2012 india, union. Expectations from union budget 2012, union budget 2012. A detailed analysis of the union budget 201415 follows, with particular focus on. The minister tabled the budget in the state legislative assembly. Priority for social services in the union budget year expenditure from the union budget on social services in rs. Highlights of union budget 2012 union budget 2012 at a glance. Based on a projected buoyancy in nontax revenue and indirect taxes lthe nominal growth rate of gdp is expected to be 14% for 2012. The budget was presented in the first glimmer of hope. The budget 2012 department of treasury and finance. Key to budget documents 32 kb pdf file that opens in a new window.
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