Union budget 201516 india, indian union budget 201516, pdf. Budget pragmatic, will reignite growth, says modi union budget 201516. Jan 24, 2018 fiscal deficit fiscal deficit seen at 3. Finance minister arun jaitley on saturday proposed no changes in personal incometax rates for 201516 but extended benefits to. Union finance minister, arun jaitley on 28 february 2015 presented union budget 201516 in the lok sabha. The 2015 16 union budget of india was tabled in the lok sabha lower house of the parliament by arun jaitley, the union minister of finance, on 28 february. Union budget 2015 live update and budget highlights. Union budget 201516 india, indian union budget 201516. So in this post, we are sharing with you the highlights of the union budget 2015 16. Paramparagat krishi vikas yojana to be fully supported. 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. While higher education, skill development and jobs have received more importance, we feel, basic issues in the educational sector have been neglected or have seen very less importance.
Feb 28, 2015 union finance minister, arun jaitley on 28 february 2015 presented union budget 2015 16 in the lok sabha. Gross domestic product gdp growth of india for 2015 16 projected between 88. Feb 28, 2015 finance minister arun jaitley on saturday proposed no changes in personal incometax rates for 2015 16 but extended benefits to middleclass by increasing the limit of deduction on health. Expectation from budget was very high, but budget seems to be highly disappointing. No change in the basic exemption limit and the tax rates of individuals. Budget 2020 news budget 2020 highlights, union budget. Highlights of union budget 201516 current affairs today gktoday. We are bringing you the highlights and key announcements of budget 201516. Highlights of budget, union budget 2015 16, railway budget 2015, economic survey 2015. Finance minister arun jaitley, who is presenting the union budget for fiscal 201516 in the lok sabha. Highlights of budget 201516 here are the highlights of finance minister arun jaitleys budget for the fiscal year that begins on april 1. Union budget 201516 is special as this is the first budget after the creation of national institution of transforming india niti and acceptance of 14th finance commissions ffc recommendation of substantially higher devolution of union taxes to states.
Union budget of india 201516 highlights and analysis. Following are the highlights of the union budget 2015 16 presented by finance minister arun jaitley in parliament today. Finance minister arun jaitley presented the first fullyear budget of prime minister narendra modis government on saturday. Import tariffs for most food and agricultural products remain unchanged. Highlights direct tax proposals of union budget 201516. Additional 2% surcharge for the superrich with income of over rs. Here are the highlights of finance minister arun jaitleys budget for the fiscal year that begins on april 1.
This was the first full year budget of the nda government and the second budget of arun. Union budget highlights 2015 16 states to be equal partners in economic growth. Budget 2015 live india budget news, union budget 201516. Budget pragmatic, will reignite growth, says modi union budget 2015 16. Here are the highlights of jaitleys budget for the fiscal year that begins 1 april. Here are the highlights of jaitleys budget for the fiscal year that begins on april 1. 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. Corporate tax was reduced to 25 percent over next four years from existing 30 percent. Union budget 2015 16 is being presented by finance minister mr.
Agriculture remains a significant component of the budget, with funds allocated for agriculture credit, irrigation, and soil health. Corporate tax rates proposed to be reduced from 30% to 25% over the next four years, starting from next financial year. Union budget of india 201516 highlights and analysis clear ias. Live budget news et brings you 360 degree coverage of the budget 2015 16. We are bringing you the highlights and key announcements of budget 2015 16. The budget clearly did not disappoint as it gave due importance to all sections of the economy and tried to enhance the easeofdoing business while keeping its focus on infrastructure development. Arun jaitley announced his first full union budget 201516 on 28th february. Get budget 2020 updates live with thehindu businessline, budget 2020 india tax slabs, budget 2020 live updates, budget expectations 2020, delhi budget 2020, union budget 2020 income tax, finance. Income tax rate cut to 5 pc for individuals having income between rs 2. Highlights of economic survey presented by finance minister arun jaitley the bjpled nda government came to power in may last year wining a clear mandate. 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. Dec 28, 2018 finance minister arun jaitley presented the union budget 2017, his fourth annual budget. Affirming that the economy is right on track, finance minister arun jaitley presented the union budget for 201617.
The much awaited, and the first fullfledged, union budget by the narendra modi government for the financial year 201516 was tabled in the parliament today by the finance minister mr. F inance minister arun jaitley today 28th february 2015 presented the union budget for the year 2015 16 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. Finance minister arun jaitley has presented his first full time union budget 2015 16 in the parliament on february 28, 2015. Amrut mahotsav the year 2022, 75th year of independence vision for team india. Objectives of tax policy objective of stable taxation policy and a nonadvers arial tax administration. Know about the highlights, major features and more about railway budget 2015. The following are the sector wise highlights of union budget 201516 presented by arun jaitley in parliament today. Defence allocation for fiscal 201516 is 246727 crore rupees. Rate of corporate tax to be reduced to 25% over next four years.
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. Jaitley presents general budget 201516 in ls part1. Live budget 2020 union budget 2020 income tax railway. Gross domestic product gdp growth of india for 201516 projected between. Union finance minister arun jaitley presented union budget 201516 in the parliament. Highlights of budget 201516 the hindu businessline. Fight against the scourge of black money to be taken forward. Union budget 2015 live update and budget highlights times. This was the first full year budget of the nda government and the second budget of. Business standard offers exclusive live coverage on budget 2016 presented by finance minister arun jaitley. The following are the major tax related changes introduced in union budget for 201516 presented by arun jaitley in parliament today. 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.
Some of the challenges mentioned by the finance minister arun jaitley are. Union budget 201516 sector wise highlights ultra news. Lets look at key highlights of union budget 201516. Get latest budget news, budget highlights, arun jaitleys budget speech, headlines on railway and union budget 2015 2016, budget impact, exclusive coverage of budget 2015. Budget 201516 major highlights in industry wise by subair na 2. Questions related to this budget will surely be asked in upcoming competitive exams and mainly in bank exams.
Key to budget documents budget highlights key features budget speech budget at a glance annual financial statement finance bill memorandum. Smoking, eating out, air travel to be costlier manufacturing sector neglected. Feb 28, 2015 union finance minister arun jaitley today 28 february 2015 presented the union budget 2015 16 in parliament. Stay on the times of india to know the live update, latest news and headlines about indias union budget 2015 16. Finance minister arun jaitley on saturday proposed no changes in personal incometax rates for 201516 but extended benefits to middleclass by increasing the limit of deduction on health. It includes the effect of railway budget union minister for finance shri arun jaitley on 28 th february presented in parliament the union budget 2015 16, with a focus on growth, promoting entrepreneurship and manufacturing, rationalizing tax regime and announcing some relief to common man. It was the first full year budget of the nda government under leadership of prime minister of narendra modi and the second budget of arun jaitley as finance minister. Get complete coverage of union budget 202021 and find all the latest news headlines, budget 2020 highlights along with live videos on india budget.
The union budget of 2015 16 was the first full budget to be presented by the modi led government and was preceded by sky high expectations of reform. Following are the highlights of the union budget 201516 presented by finance minister arun jaitley in parliament today. It was the first full year budget of the nda government. Finance minister arun jaitley has presented his first full time union budget 201516 in the parliament on february 28, 2015. Union budget 201516 taxation highlights ultra news. Personal indisposition or the weight of expectations of over a billion indians one read more. Agriculture major steps take to address the two major factors critical to agricultural production, that of soil and water. Get latest updates on budget highlights, railway budget, expert views and opinion. Gdp growth in 201516, projected to be between 8 to 8. The union budget for 201617 has been announced by mr arun jaitley, union minister for finance, government of india, in parliament on february 29, 2016. The highlights of taxation related announcements in the annual budget 201516 include. The budget, or officially, the union budget, is the prime written representation attributing the financial planning and strategy of the government of india for the next financial year. Union budget 201516 is announced by finance minister arun jaitley today.
Union budget niti aayog and finance commission recommendations. Gross domestic product gdp growth of india for 201516 projected between 88. Wealth tax to be completely abolished and replaced by additional 2% cess to be levied on the superrich with income of over rs. Get the latest news on budget 2020, income tax, railway budget, agriculture budge, infrastructure budget and more, catch live coverage of the 2020 union budget on ndtv profit. Union finance minister arun jaitley presented union budget 2015 16 in the parliament. Here is a quick view on the union budget 2015 16 for the education sector. Being termed as make or break, this is arun jaitley and the nda governments first fullyear budget. 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.