Find 2016 union budget highlights along with full coverage. Union budget 201617highlights download finance minister arun jaitley unveiled a budget for the poor on monday29 february 2016, announcing new rural aid schemes and skimping on a bank bailout, in a strategy shift that seeks to. The union budget 20142015 aims to cater all groups of the society with a motto, sab ka saath sab ka vikas. We plan to release the highlights of central plan 2016, central assistance 2016, economic survey 2015 etc in coming posts. Union budget 201617 highlights of union budget all eyes are on the february 29th. If you continue browsing the site, you agree to the use of cookies on this website. Finance minister arun jaitley presents his third union budget. Lot of new announcements were made by finance minister in budget 201617. Affirming that the economy is right on track, finance minister arun jaitley presented the union budget for 201617. Additional 2% surcharge for the superrich with income of over rs. Highlights of union budget 201617 current affairs today gktoday. Agricultural budget, basic budget, important points, pension for senior citizens, changes made by the budget committee. Indias highest ever kilometres of new highways were awarded in 2015.
Although this small increase is welcome after the drastic decrease of almost 30% which we saw last year, it still does not compensate for the falling share of children in the budget over the years 3. While making his maiden budget speech in parliament on july 10, the union finance minister shri arun jaitley said that india has a strong urge to grow and free itself from the curse of poverty. Here are the key highlights of finance minister arun jaitleys union budget 201617 speech. Press information bureau government of india highlights of budget 201819 new delhi, 01th february, 2018. Know how budget 2016 will impact indian real estate sector and property market. An assessment 1 effective revenue deficit is the difference between revenue deficit and grants for creation of capital assets signifying that amount of capital receipts that are being used for actual consumption expenditure of the government. As the union budget promises a slew of measures in the coming fiscal, the real estate. Highlights of union budget 2016 17 simple tax india.
Union budget 201718 was published in the reserve bank of india bulletin, may 2017. Finance minister arun jaitley on monday presented the union budget 201617 in the lok sabha. Budget 201516 major highlights in industry wise by subair na 2. Certain other noteworthy highlights of the union budget 201819 are. Being termed as make or break, this is arun jaitley and the nda governments first fullyear budget. Surcharge of 10% for those whose annual income is rs 50 lakh to 1 crore. Important highlights of union budget 201617 pdf download. Union budget 201516 india, indian union budget 201516. Rate of corporate tax to be reduced to 25% over next four years. Key highlights of union budget 201617 budget 2016 speech comes to a close. Highlights of union budget 201718 as presented by honble finance minister sh.
Experts pointed out that the union budget 201516 fell short of making investments for transmission infrastructure. Every year, clearias used to publish a short analysis of indian budget and economic survey. The budget documents presented to parliament comprise, besides the finance ministers budget speech, of the following. We will update the pdf file of 2018 budget when the budget sessions are completed. It is the date when the union budget will be announced by the indian government. Finance minister arun jaitley presented union budget 201617 in parliament on monday. Macroeconomic framework for the relevant financial year. Arun jaitley this was the first fullfledged budget by the national democratic alliance government. Minister of state for finance jayant sinha said the administration will present the budget for 2016. 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. Comparison of csu campus expenditures for fiscal year 201415 10 ii. Key highlights of union budget 201617 india infoline. Wud wisconsin union directorate, with over 300 student volunteers, planned and.
Lets take a look key highlights of union budget 201617. The union budget of india for the 201516 fiscal was presented in the lok sabha lower house of the parliament by the union minister of finance arun jaitley on 28 february 2015. F inance minister arun jaitley today 29th february 2016 presented the union budget for the year 201617. Union budget session 201516 the union budget is the premier document featuring the financial planning and strategy of the government of india for the next fiscal. The union budget of india for the 2015 16 fiscal was presented in the lok sabha lower house of the parliament by the union minister of finance arun jaitley on 28 february 2015. The indias finance minister, arun jaitley has announced the indias national budget of nda govt. Indias current account deficit declined from about 1% of gdp last year to 0. Overview of the economy and fiscal deficit economic growth has accelerated to 7. 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. Union budget of india 201819 highlights pdf cracku. India hailed as a bright spot amidst a slowing global economy by imf. Union budget 2016 highlights pdf download, features of budget 20162017, download union budget 2016 pdf. Business standard offers exclusive live coverage on budget 2016 presented by finance minister arun jaitley.
Brief summary, financial, general, family, it latest update. Our post, covering the highlights of indian budget 201617, is ready. Major highlights of proposed tax slab for ay 201819. Total investment in the road sector, including pmgsy allocation, would be rs 97,000 crore during 201617.
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. Highlights of union budget 201617 current affairs today. Times of india brings you indepth live coverage of union budget 2014, indian budget 2014 news and union budget 2014 highlights. Highlights of the union budget 201516 agricultural. Arun jaitley we must strengthen firewalls against risks. Get latest budget news, budget highlights, arun jaitleys budget speech, headlines on railway and union budget 20162017, budget impact, exclusive coverage of budget 2016 news, india union budget 20162017, budget. 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. Memorandum explaining the provisions in the finance bill, 2011.
Short notes on union budget 201617 union budget 201617. The finance minister arun jaitley presented the union budget 201617 on monday. Identified 9 pillars for having a transforming impact on the economy and life ofpeople1 agri farm and welfare2 rural focus3 social healthcare4 education and job creation5. Higher allocation for agriculture, infrastructure and social sectors. Live budget news et brings you 360 degree coverage of the budget 201617.
We also look at estimates presented in the 201617 union budget. Gross domestic product gdp growth of india for 201516 projected between 8. It has to be specially noted that union budget 2016 comes at a time when there is an additional financial. Here are highlights finance minister arun jaitley announced in his. So, stay tuned to this page for pdf file of union budget 201819. Arun jaitely, the finance minister of india has announced the union budget for the year 201617. 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.
Highlights of union budget 201617 latest current affairs. Get latest updates on budget highlights, railway budget, expert views and opinion. Union budget session 2015 16 the union budget is the premier document featuring the financial planning and strategy of the government of india for the next fiscal. Here are the highlights of the modis union budget 2016. 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.
Corporate tax will be reduced from 30% to 25% along with removal of various types of exemptions from f. Live india budget 2016 news coverage online, highlights of union budget 201617, income tax slab, fdi, fiscal policy, gst bill by finance minister arun jaitely. Cabinet approves union budget for 201617 we believe in the principle that money with the govt belongs to the people. Updates of union budget 20161760 key highlights of union budget 2016171. Union finance minister arun jaitley presented union budget 201617 in the parliament.
Quick highlights the share of children in the union budget 201617 goes up to 3. Union budget 201819 live updates highlights pdf download. Figures for 201516 and 201617 are re and be, respectively. The govt is implementing unified agricultural market scheme for farmers to accessmarkets easily with eplatform 2. I shall waive the business registration fees for 201617 to.
Following are the highlights of the union budget 201516 presented by finance minister arun jaitley in parliament today. Medium term fiscal policy cum fiscal policy strategy statement. Robust growth achieved despite very unfavourable global conditions and two consecutive years shortfall in monsoon by %. Allocation to pm fasal bima yojana for 201617 is 5500 crores rupees 87765 crores. The printing of the budget documents began with a traditional halwa ceremony on 19 february 2016. Existing rate of taxation for individual assesses between income of rs. Highlights direct tax proposals of union budget 201516. Union budget 2018, 2017, 2016, 2015, 2014, 20, 2012, 2011, 2010 highlights get updates union, budget highlights 201718, budget speech 201718. Highlights of union budget 2016 pdf download gr8ambitionz.
It was presented before the parliament on 29 february 2016 by the finance minister of india, arun jaitley. Gross domestic product gdp growth of india for 201516 projected between 88. Important points to note about union budget 201617. Eassessment proceedings to be rolled out across the country where the assessment will be done in electronic mode which will almost eliminate person to person contact leading to greater.
Live updates of union budget 201819, 201718, 201617, 201516. Budget 2016, india union budget 201617, live, news. Highlights,union budget 201617, current affairs 2016,upsc,ibps, business, economy. Highlights of budget, union budget 201617, railway budget 2016, economic survey 2016. Top 50 takeaways from union budget 201516 union budget 201516 policies, promise and key highlights of union budget of bjp government railway budget 201516 highlights. They are majorly focused on reviving the growth under various sectors to support small taxpayers and small investors with some new schemes and other benefits by keeping an eye on common man benefits with special prominence to. Reuters highlights of union budget 201617 8 min read. It was challenging for finance minister to make budget for 201617, however he has tried his level best in making budget 201617. Highlights of union budget 201718 taxindiaupdates in. For budget 201617, the government invited suggestions from citizens through twitter for.
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