In this budget the modi govenrment mainly focused to keep up their election promises. Union budget 201415 prs legislative research july 15, 2014 3 budget estimates 201415 the government proposes to spend rs 17,94,892 crore in 201415, which is % above the revised estimate of last year. Key to budget documents pdf file opens in a new window. Aiming at 78 per cent gross domestic product gdp growth in 34 years. A detailed analysis of the union budget 201415 follows, with particular focus on. Union budget 201516 india presented by mr arun jaitley, union minister for finance, government of india, in parliament on february 28, 2015. The budget documents presented to parliament comprise, besides the. Union budget 201516 india, indian union budget 201516, pdf.
His speech was marred by protests over the proposed division of a telangana state. A detailed analysis of the union budget 201415 follows, with particular focus on proposals related to taxes. Memorandum explaining the provisions in the finance bill, 2011. The union budget 20142015 aims to cater all groups of the society with a. Budget at a glance 201415 india union budget 20142015. The union budget 201415 was going to be a tough balancing act for. Pdf the article examines the provisions in the union government of budget for 201415 about the foreign trade promotion of india. Get latest updates on live budget news, budget 2014 date, budget highlights, and indian railway budget, income tax. Macroeconomic framework for the relevant financial year. The union budget of india for 20142015 was presented by finance minister, arun jaitley on. Receipt budget, 20142015 3 in crores of rupees tax revenue 2012 major head actual 20 budget 2014 revised budget 20142015. Union budget 201516 india, indian union budget 201516. An assessment the gfdgdp ratio is expected to decline to 3. Indias health budget gets 27 percent hike india on thursday hiked its health budget by 27 percent in 201415 to rs.
The following are the union budget 201415 highlights. Union budget 201516 india presented by mr arun jaitley, union minister. Management act, 2003, the process of fiscal consolidation saw the fiscal deficit. Below are the highlights of union budget for the financial year 201415 you can download the pdf version of union budget 201415 highlights from here. The budget documents presented to parliament comprise, besides the finance ministers budget speech, of the following. Union budget 201415 10th july, 2014 budget 201415 holistic plan of action in comparison to the less than ordinary and unimaginative budgetary proposals of yester years, modis maiden budget comes as a welcome change from the norm.
The total projected expenditure in the union budget 201415 is. After the passing of the fiscal responsibility and budget. I ndian finance minster arun jaitley presented the narendra modi governments maiden budget for the year 201415 today 10th july 2014. Union budget 201415 prs legislative research july 15, 2014 3 budget estimates 201415 the government proposes to spend rs 17,94,892 crore in 201415, which is. Budget at a glance, budget 20142015 at a glance, highlights of central plan, explanatory notes, budget at a glance 20142015, india budget at a glance. The world economy has been witnessing a sliding trend in growth, from 3.
Union budget 201415 india, indian union budget 201415. Plan allocation of 5,75,000 crore in the main budget 201415 mark an increase of 26. In this budget arun jaitely has mentioned the issues like raising the personal tax exemption limit by rs. The statement above summarizes, by broad categories, the estimates of tax receipts for 201415. The envisaged reduction in gfd in 201415 is to be achieved through enhanced nondebt receiptsgdp ratio which would more than offset a marginal increase in total expendituregdp ratio. Pdf public budget is a very important topic being discussed in economics in general and public economics in particular.
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