The udget has something in it for all, with primary emphasis on ijli, sadak, pani, makan and souchalay. This document presents our analysis of the priorities and trends in the union budget with regard to the sectors and issues that are directly relevant for. Union budget of india 201415 highlights and analysis. Chidambaram presented interim budget for the year 201415 on 17022014. Union budget 202014 the union budget for 2014 aims at higher growth leading to inclusive and sustainable development. Tax benefit on hiring on employees base also widened. As per new budget tax exemption limit for individual is raised to 2.
The union budget 2014 2015 aims to cater all groups of the society with a motto, sab ka saath sab ka vikas. With regard to expenditure, the total expenditure is estimated to rise by 5. A critical analysis of union budget for the financial year 2014 15. Union budget of india 201819 highlights pdf cracku. A critical analysis of union budget for the financial year. It was a budget for corporates as corporate tax reduced from 30% to 25%. Union budget 201415 india, indian union budget 201415, pdf. This budget is highly influenced by general elections.
Union udget analysis of union udget 2014 15, economic research department july 2014 the fy15 udget has made a bold attempt to reignite growth through a bottomup approach. Union budget 201415 india, indian union budget 201415. Below are the highlights of the union budget 201415. Arun jaitley, presented the union budget for 2014 15 on july 10, 2014. Union budget 201516 india presented by mr arun jaitley, union minister for finance, government of india, in parliament on february 28, 2015. Finance minsiter arun jaitley introduced union budget 201516. Union budget 201415 sbicap securities limited 2 the union budget 201415 was largely in line with the expectations, it was both dynamic and reform oriented with due focus accorded on reviving the low growth trajectory, seen over the last decade. Agricultural budget, basic budget, important points, pension for senior citizens, changes made by the budget committee. Union budget analysis 7 it may be noted that the government was able to meet just 50% of the budgeted amount for disinvestment in the year 2014 15. The union budget for 2014 15 has been announced by mr arun jaitley, union minister for finance, government of india, in parliament on july 10, 2014. The world economy has been witnessing a sliding trend in growth, from 3.
Union budget 201516 summary download pdf bankexamstoday. The union budget 20142015 aims to cater all groups of the society with a motto, sab ka saath sab ka vikas. However, the gap between allocation and utilisation is reducing. Total union government expenditure as a proportion of gdp % 14. The 201415 budget assumes that unit employees work under the terms and conditions of the agreement that was rejected by union members earlier this year. Sequence of presentation introduction terms and concepts used current economic situation analysis of union budget 2014 15 future vision conclusion 3.
Subsequently, the road map for reform process has been laid out and a few significant schemes such as jan dhan yojana, digital india. Sequence of presentation introduction terms and concepts used current economic situation analysis of union budget 201415 future vision conclusion 3. A detailed analysis of the union budget 201415 follows, with particular focus on proposals related to taxes. Compiled by cbga from budget at a glance, union budget documents, various years.
Union budget of india 201415 highlights and analysis clear ias. Union budget 201516 india, indian union budget 201516, pdf. Ministriesdepartments which run key flagship programmes have been provided adequate funds in 2014 15 either equal to or higher than in the be 2014. It will also set the tone for policy stance relating to fiscal issues as well as economic reforms. Union udget analysis of union udget 201415, economic research department july 2014 the fy15 udget has made a bold attempt to reignite growth through a bottomup approach. Analysis of union udget 201415, economic research department. There has been a mix of both shortterm and longterm measures geared towards. If you continue browsing the site, you agree to the use of cookies on this website. And that resources for developmental expenditure cannot be raised at the. The relevant data is under analysis and appropriate rules. This note examines in detail the proposed expenditures and receipts of the central government.
A big step towards universal health coverage in india. Pdf the article examines the provisions in the union government of budget for 201415 about the foreign trade promotion of india. Overview of the interim budget in order to sustain the pace of plan expenditure, it has been kept at the same level in 2014 15 at which, it was budgeted in 2014. The economic survey for the year 2014 15 the survey based on developments of fy15, indicate an. Revenue budget includes the governments revenue receipts and expenditure. This will be a critical budget as it would be the first non congress budget after more than a decade. The budget revised estimates for expenditure in 201718 are rs. Major highlights of proposed tax slab for ay 201819. Expectations from the union budget 201415 the union budget for 201415 fy15 is to be presented in the parliament on 10th july 2014. The government proposes to spend rs 27,86,349 crore in 201920, which is. Jul 10, 2014 the following are the union budget 2014 15 highlights.
It also in a way indicates the stance that may be taken by the rbi when. Union budget keeps the account of the governments finances for the fiscal year that runs from 1st april to 31st march. A detailed analysis of the union budget 201415 follows, with particular focus on. Arun jaitley, presented the union budget for 201415 on july 10, 2014. Budget 2016, india union budget 201617, live, news, analysis. Aiming at 78 per cent gross domestic product gdp growth in 34 years. While making his maiden budget speech in parliament on july 10, the union finance minister.
Chidambaram was talking about achievements of upa governments. Pwc union budget 202021 the indian sentiments on growth mirroring the global pessimism and manifested through distress in the financial sector, lower gst collections and strain on the fiscal deficit was the backdrop in which the finance minister tabled the budget proposals for fy 202021. Moreover it is a concern that its share has fallen from 2. The union budget 2014 15 was going to be a tough balancing act for finance minister mr. Union budget 201415 10th july, 2014 budget 201415 holistic plan of action the finance minister while presenting the budget takes cognizance of the fact that decisive action to fuel growth without populism is the need of the hour. There are two kinds of revenue receipts tax and nontax revenue. Budget provisions for education and training in 2014 15 have gone up to rs. Business standard offers exclusive live coverage on budget 2016 presented by finance minister arun jaitley. Get latest updates on live budget news, budget 2014 date, budget highlights, and indian railway budget, income tax. It is to be noted that between 201415 and 201819, rs. The union budget is a very important policy document which sets the tone for all other policies that are to be implemented during the course of the year. 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. 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. In addition, since an interim budget for expenditures up till.
Chidambaram presented interim budget for the year 2014 15 on 1702 2014. Overview of the interim budget in order to sustain the pace of plan expenditure, it has been kept at the same level in 201415 at which, it was budgeted in 2014. Chidambarams interim budget 201415 and arun jaitleys union budget 201415. Get latest updates on budget highlights, railway budget, expert views and opinion.
Medium term fiscal policy cum fiscal policy strategy statement. Ministriesdepartments which run key flagship programmes have been provided adequate funds in 201415 either equal to or higher than in the be 2014. Strong macro economic fundamentals are depicted both in the economic survey and the budget. Union budget analysis 7 it may be noted that the government was able to meet just 50% of the budgeted amount for disinvestment in the year 201415. 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. Union budget 2014 15 sbicap securities limited 2 the union budget 2014 15 was largely in line with the expectations, it was both dynamic and reform oriented with due focus accorded on reviving the low growth trajectory, seen over the last decade. For a quantitative picture, read our coming posts on budget analysis. Union budget analysis fy15 page 6 expenditure side the total expenditure is expected to increase by 12. The new government has unveiled the union budget 201415 with a pragmatic recognition of macroeconomic woes and a thrust towards. The union budget 20142015 aims to cater all groups of the society. A detailed analysis of the union budget 2014 15 follows, with particular focus on.
The economic survey for the year 201415 the survey based on developments of fy15, indicate an. Union budget 2014 15 10th july, 2014 budget 2014 15 holistic plan of action the finance minister while presenting the budget takes cognizance of the fact that decisive action to fuel growth without populism is the need of the hour. Union budget 201415 department of agricultural research and education total union budget allocation for the department of agricultural research and education under the ministry of agriculture. The following are the union budget 201415 highlights. Analysis of budgeted expenditure on education 2012 to 201415. Union budget 201516 foreword the 9 months of new government has come with a budget which lays emphasis on a great vision for future india with many forward looking at well intended plans and programs.
Budget of this nda government that i am presenting before the august house, my aim is to lay. Sujoy, a critical analysis of union budget for the financial year 2014. Analysis of union budget 2014 15 linkedin slideshare. Compiled by cbga from union budget document, various years note. The total expenditure in be 201516 was estimated to. The union budget 201415 was going to be a tough balancing act for finance minister mr. Upas interim budget 201415 vs ndas union budget 201415. Analysis of union budget is a publication which centre for budget and governance accountability cbga brings out every year following the presentation of the union budget in parliament. The total expenditure as per union budget 201415 is rs. Union budget 20 2014 the union budget for 2014 aims at higher growth leading to inclusive and sustainable development. It contains budgetary allocations for interventions of.
President of ficci, sidharth birla stated that the fm has set the ground for repair of the economy. A critical analysis of union budget for the financial year 201415. Union budget 2014 15 department of agricultural research and education total union budget allocation for the department of agricultural research and education under the ministry of agriculture. We hope the government will be able to meet the set target in the fiscal year 201516.
Continuing governments path of fiscal reduction and consolidation, the finance minister projected a fiscal deficit of 3. Majority of people have demanded to increase tax exemption limit from 2 lac to 5 lac but tax limit was enhance only by 50,000 rs. The union budget 201819, through renewed government support, provides a big opportunity to the healthcare industry and allied services to address the healthcare needs of a large population of the country. Thus, we take a constructive view of the budget which should go a long way in improving the growth prospects of the economy, while giving the benefits of the same to a larger crosssection of the society. There are also tax concessions for aam aadmi class and empowering women. India budget analysis a change in direction deloitte. Budget provisions for education and training in 201415 have gone up to rs. Arun jaitley, given the precarious state that the economy was in. With this as mool mantra, the union finance minister shri p chidambaram has sought to increase allocation to key areas and provide incentives for investments and savings while containing the fiscal deficit to 4. Union budget is classified into revenue budget and capital budget. 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.
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