Union budget 2014 india presented by mr p chidambaram, the union finance minister, in parliament on feb. Direct tax income limit under rajiv gandhi equity savings scheme rgess will be raised from rs. The union budget for 2014 has been presented amidst a particularly challenging macroeconomic scenario. Indian union budget 2014 date, indian general budget. Growth in the third and fourth quarter of the current year is expected to be 5. Budget 20, live budget, budget 2014 india, union budget 2014, budget 20 expectations, p chidambaram, post budget budget 20 highlights. This budget is considered to be one of the most highly anticipated budgets of recent years, a blueprint for austerity that forms the centrepiece of indias efforts to stave off a damaging credit ratings downgrade.
Feb 01, 2017 the union budget comprises the revenue budget and the capital budget, but now railway budget is also presented along with. Shockwaves on the richter scale, crorepatis clubbed with 10% surcharge blow p chidambaram decided to take a leaf out of the warren buffett rule book by whacking the wealthy. The following are the highlights of union budget 20. Get the latest news on union budget 20 14 of india. Overview of the union budget 2014 grant thornton india. Major highlights of budget 20, railway budget 20, budget expectations and much more. Union budget 20 14 india presented by mr p chidambaram, the union finance minister, in parliament on feb. It also explains, in brief, the budget proposals for allocation of funds to be made in important areas. Tax deduction at source on transaction of immoveable property with resident it is proposed, w. Union 1 budget highlights fiscal deficit projected at 5. Plan expenditure for the year 201415 will rs 5,55,322 crore.
The union budget is the financial annual report of india as a country. Finance minister p chidambaram presented one of the most highly anticipated budgets of recent years on thursday, as the government looks to rein in a bloated. Highlights of the budget can be viewed here 321 kb pdf file that opens in a new window. Set aside 100 billion rupees towards spending on food subsidies in 2014. The union budget for 2014 aims at higher growth rate leading to inclusive and sustainable development as mool mantra. Thursday has presented the union budget for the financial year 2014. This is clearly an indication of the governments effort on levying more tax on the superrich. Return of income file without payment of self assessment tax to be considered as defective return. Finance minister arun jaitley presented the general budget 201819 in parliament on thursday.
The union budget 2020 was presented on 1 feb 2020 by the modi government with the purpose of boosting investments. Finance minister arun jaitley presented the union budget 201516 at the lok sabha on february 28, 2015. Indian union budget 2014 date, indian general budget 20. Personal finance highlights not to be missed budget 2018 was one of give and take but it was more take than give, especially for the taxpayer. Feb 28, 20 the union budget for 2014 aims at higher growth rate leading to inclusive and sustainable development as mool mantra. N highlights of budget this document explains the key features of the budget 20 2014, inter alia, indicating the prominent achievements in various sectors of the economy. India budget 20 2014 highlights key features of budget 20 2014. Government of india ministry of finance 28february20. Union budget highlights 20192020 in simple terms yesterday, mr.
Feb 27, 20 finance minister p chidambaram presented one of the most highly anticipated budgets of recent years on thursday, as the government looks to rein in a bloated. Madam, four years ago, we pledged to the people of india to give this nation an honest, clean and transparent government. Union budget 20 14 highlights pdf download friday, march 01. Introduction of goods and service tax gst and the new direct tax code dtc likely by apr 2011. Key to budget 202014, key to union budget, budget documents, key to budget 20, updated union budget of india 2014, indian new budget 20, budget highlights, budget news, budget notifications, budget changes, budget documents, 2014. Piyush goyal, the finance minister has presented the union budget of 20192020. Jan 25, 2015 budget 20, live budget, budget 20 14 india, union budget 20 14, budget 20 expectations, p chidambaram, post budget budget 20 highlights. National health mission nhm services to an ageing population. Day for which many individual was waiting has finally came, finance minister p chidambaram has presented union budget 20 14 on 28 th feb, 20. Iibf vision 2 march 20 union budget highlights top stories banking policies banking policies rbi proposes stricter restructuring norms rbi has proposed tough restructuring norms for. Gdp growth rate in q3 and q4 of 2014 will be at least 5. If you want to continue this discussion or have a follow up question, please post it on the network. Finance minister, nirmala sitharaman announced that there is a proposal to raise the surcharge for incomes above rs. The union budget of india for 202014 was presented by finance minister, p.
Some of the key points that were highlighted by chidambaram in. Highlights of central plan 20 2014 pdf resources transferred to state and u. Overview of the union budget 2014 2 without growth, there will be neither development nor inclusiveness, the finance minister rightly acknowledged it in his budget speech by stating that foreign direct investment is not a matter of choice, it. Key highlights concern for welfare and progress for scheduled caste, schedule tribes, women and children ministry of women and child development to design schemes that will address. No revision in tax slabs, tax credit of rs 2000 for income upto rs 5 lakh. The finance minister on thursday unveiled higherthanexpected spending for fiscal 2014 on thursday, aiming to fund it with higher revenues including new taxes on the rich and large companies in a budget aimed at reviving growth amid the countrys worst slowdown in a decade.
It contains the government of indias revenue and expenditure for the end of a particular fiscal year, which runs from april 1 to march 31 it comprises the revenue budget and the capital budget. P chidambaram today 28th february 20, thursday has presented the union budget for the financial year 2014. Overview of the union budget 2014 4 healthcare allocation of rs 37,330 crores to the ministry of health and family welfare ayurveda, unani, siddha and homeopathy mainstreamed through the national health mission. Click here to view the tax slabs for fy 2014 same as fy 2012 education cess to continue. Though this is interim budget before elections, it has come with benefits to employees, farmers and middle class people. The union budget for 20 14 has been presented amidst a particularly challenging macroeconomic scenario. Indias finance minister p chidambarampresented the union budget 2014 in parliament on february 28, 20 4. Top 10 takeaways from union budget 2019 finance minister proposed to enhance surcharge on individual income of rs 25 crore and over rs 5 crore by 3%. Imagse via bing indian railway budget 20 14 highlights powerpoint presentation. India budget 202014 highlights key features of budget 202014.
Union budget 20 14 final authorstream presentation. Slowdown in indian economy has to be seen in the context of slowing global economic growth from 3. Person taking a home loan for his first home during the period 2014 will be entitled to an additional. A standing council of experts to be constituted in the ministry of finance to analyse. Finance minister, p chidambaram has announced the union budget 2014 which has received mixed reactions from industry and academia.
Presentations ppt, key, pdf logging in or signing up. While the government of india goi has taken concerted efforts to arrest fiscal slippages and also announced some bold policy measures in the recent past, growth continues to slow alarmingly. So, stay tuned to this page for pdf file of union budget 201819. Medium term fiscal policy cum fiscal policy strategy statement. Imagse via bing indian railway budget 2014 highlights powerpoint presentation. Budget speech 2014, budget highlights 2014, budget 2014, india budget 2014, budget speech, new india budget, india. Jul 05, 2019 here are the key highlights of the budget. First home buyers who avail home loan in fy 2014 up to rs. Image via bing indian railways is an indian stateowned enterprise, owned and operated by the government of india through the ministry of railways. Slowdown in indian economy has to be seen in the context of slowing global. Union budget 2014 of india highlights live rail pdf. Here are some highlights of what education received from the budget 2014. How does india government plan to raise income as per union budget 20 14. Highlights and impact of the union budget 2014 on the.
Here are highlights finance minister arun jaitley announced in his. On the one hand, arun jaitley reintroduced standard deduction, gave senior citizens a few reasons to cheer, and increased take home pay of women in the workforce. 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. Rs 1 lakh crore allotted for enhancing skills of youth. Union budget 20 14 highlights pdf download gr8ambitionz. Union budget 20 14 highlights pdf download friday, march 01, 20 current affairs, current affairs important updates 28 comments. Person taking a home loan for his first home during the period 2014 will. It also contains estimates for the next fiscal year.
People taking a home loan in 20 14 for an amount up to rs 25 lakh will be allowed an additional deduction of rs 1 lakh. Samiha garg hemant behl prateek bajaj nisha kalra puneet pal singh 2. What are the budget highlights which would have impact. We will update the pdf file of 2018 budget when the budget sessions are completed. Regional budget highlights 2014 regional development. Budget was guided by mission to strengthen agriculture, rural development, health, education, employment. Download all india vat budget highlights 2014 file in. Tds of 1% to be levied on transactions above rs 50 lakh.
The purpose of budget to create economic space and find resources to achieve. Allocation of rs 1,069 crores to the department of ayush rs 4,727 crores allocated for medical education, training. February 28, 20 the proposals made in the finance bill 20 bill are as follows. Full defence budget analysis pdf you may also check what impact this budget will have in coming years. The government presents it on the first day of february so that it could be materialised. The union budget for 20 14 aims at higher growth rate leading to inclusive and sustainable. Based on a projected buoyancy in nontax revenue and indirect taxes the nominal growth rate of gdp is expected to be 14% for 2012. It contains the government of indias revenue and expenditure for the end of a particular fiscal year, which runs from april 1 to march 31, but this time it is presented earlier on 1 feb 2017 the union budget comprises the revenue budget and the capital budget, but. Day for which many individual was waiting has finally came, finance minister p chidambaram has presented union budget 2014 on 28 th feb,20. Some of the budgetary announcements relating to specific sectors are as under. Chidambaram on thursday presented the union budget for fiscal 2014 in parliament today. The union finance minister today presented the budget for the year 2014. 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. Faced with huge fiscal deficit, india had no choice.
The following are the major highlights of the union budget 2014 presented by the honble finance minister mr. Chidambaram on 28 february 20, 11 am salient features of the budget. India infrastructure finance corporation iifc, in partnership with adb. 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. Union budget 2014 highlights no change in income tax. Kalangathu kanda vinaikkan thulangkathu thookkang kadinthu.
Prior to budget many expectation were set that tax relaxation will be given, inflation will be reduced but for common man this budget seems to be disappointing. Budget 20182019 speech of arun jaitley minister of finance february 1, 2018 section i governance, economy and development madam speaker, 1. Dtc proposals to raise rs,300 crore, indirect tax to fetch rs 4700 crore. Mar 06, 20 finance minister, p chidambaram has announced the union budget 2014 which has received mixed reactions from industry and academia. Government of india ministry of finance press information. Check out the key highlights of indias 2019 budget, incl.