The document summarizes the key proposals of the Indian budget for 2013-14 presented by the Finance Minister P Chidambaram. Some highlights include allocating 2.03 trillion rupees for defense, 801.94 billion rupees for rural development, and 140 billion rupees for banks. No changes were made to personal income tax slabs but a 10% surcharge was added for incomes over 1 crore rupees. Funds were allocated for women's development, education, health, and other social programs while import duties on some goods were increased. The overall expenditure for 2013-14 was budgeted at 16.65 trillion rupees with 5.55 trillion for planned expenditure.
Budget Basics and overview in a simplified manner. Provides useful insights on the topic of budget and ways to evaluate it.
Can be easily understood by people of non commerce background.
Budget Basics and overview in a simplified manner. Provides useful insights on the topic of budget and ways to evaluate it.
Can be easily understood by people of non commerce background.
Finance Minister Arun Jaitley presented the Union Budget for 2016-17 and reaffirmed that the economy is on the right track. The budget is aimed at strengthening India's firewalls by ensuring macroeconomic stability and prudent fiscal management; driving growth through domestic demand; and economic reforms and policy initiatives to change lives for the better. With measured focus on social sector reforms and recapitalising India's banking system, this Budget has an overarching focus on improving agriculture, and scaling infrastructure, all of which bode well for the country. The government is now planning to rationalise and channel subsidies to the poor by increasing the burden on the rich, and by increasing spending on public welfare through its own kitty.
Mr. Jaitley said the Union Budget is aimed at improving rural infrastructure and increasing rural income, as the biggest challenge to the economy is agrarian distress. Applauding the budget presented by the Finance Minister, Prime Minister Narendra Modi said the Budget is pro-village, pro-poor and pro–farmers, and is focused on bringing about qualitative changes in the country through a slew of time-bound programmes.
The attached note captures key highlights and summarises major announcements in the Budget.
Please reach out to us should you wish to understand more about the Union Budget and its impact on your business
A Summary of Budget 2016!
Hon. Finance Minister Mr.Arun Jaitley presented a resilient India Budget 2016 which spells the ‘Transformative Agenda’ for the India Economy identifying nine key pillars for the GDP growth. Team RAMA has presented an overall overview of the Union Budget – 2016, summarised key policies changes and Direct & Indirect taxes proposals in brief for easy understanding and quick reference. Hope you will find it useful.
Warm regards & happy reading!
- Ram Agarwal & Associates.
The Union Budget for 2017-18 pledged relief for rural India, middle class taxpayers and small and medium-sized companies in the Union Budget 2017-18, saying the government would spend thousands of crores to double farmers' incomes, upgrade infrastructure and provide affordable housing. While unveiling the budget the Hon’ble Finance Minister emphasised that the budget is built on three pillars “Transform, Energise and Clean India”, that is, TEC India. This agenda of TEC India seeks to transform the quality of governance and quality of life of the citizens of India, energise various sections of society, especially the youth and the vulnerable sections of the society and enable them to unleash their true potential. The emphasis of TEC India is also to clean the country from the evils of corruption, black money, and non-transparent political funding. The main focus of the Budget has been to boost government expenditure in order to increase growth, and to muster employment generation.
The Finance Minister said the Indian economy was doing well despite global trends of slowing growth in other emerging economies. He also delivered a big relief to foreign portfolio investors by exempting them from indirect transfer provisions. The centre’s budget size has been pegged at Rs. 21.47 lakh crore, with an increase of 25.47 per cent in capital expenditure. As regards fiscal consolidation, the FM has targeted fiscal deficit of 3.2 per cent for 2017-18 as against earlier target of 3 per cent. For agriculture and rural sector, Mr Jaitley has increased the allocation by 24 per cent to Rs. 1.87 lakh crore for 2017-18. In the case of infrastructure, the planned public investment stood at massive Rs. 3.96 lakh crore.
We have developed an analysis of the budget, which includes opinion pieces from eminent economists and experts.
Edelman India Analysis
Standing in for Mr Arun Jaitley, Finance Minister (FM), Piyush Goyal presented the Union Budget of India earlier today. Highlighting achievements of various Government schemes, Mr Goyal stated that the Government led by Prime Minister Modi has been the most decisive and transformational in executing structural reforms.
Focused on rural and inclusive development over the next 5-10 years, the Budget included significant announcements ahead of the General Elections while also outlining ten dimensions of the Government’s Vision for India’s development by 2030. The launch of, “Pradhan Mantri Kisan Samman Nidhi (PM-KISAN),” which aims to supplement rural income, captured the limelight of this year’s budget. The middle class has also benefited with higher gratuity, broadening of the tax-exempt bracket and waivers on income tax on notional rent. A mega pension scheme for workers in the unorganised sector was also announced along with health coverage under the ‘Ayushman Bharat’ scheme.
The Government has budgeted for overall expenditure of INR 27.8 trillion in 2019-20, an increase of 13% over the previous year’s estimates, while targeting a fiscal deficit of 3.4% in 2019-20 and 3% in 2020-21.
Budget is an estimate of income and expenditure for a set period of time.
From the perspective of Bangladesh the most important issues that are going to impact middle and poor class people need to be discussed
India Union Budget 2016 - An Overview | A BDO India PublicationOperations BDO
Dear Reader, India Budget 2016 was delivered by the Finance Minister, Mr. Arun Jaitley on February 29,2016. This Budget appears a sincere attempt to deliver on key expectations and address major challenges within the economic constraints. The budget has been spelt with fiscal consolidation at the core defining the pillars for growth of the economy and leaves a lot of the year to unfold. BDO India LLP brings together an analysis of key changes set out in the Union Budget in their proprietary: INDIA UNION BUDGET 2016 - An Overview.
Finance Minister Arun Jaitley presented the Union Budget for 2016-17 and reaffirmed that the economy is on the right track. The budget is aimed at strengthening India's firewalls by ensuring macroeconomic stability and prudent fiscal management; driving growth through domestic demand; and economic reforms and policy initiatives to change lives for the better. With measured focus on social sector reforms and recapitalising India's banking system, this Budget has an overarching focus on improving agriculture, and scaling infrastructure, all of which bode well for the country. The government is now planning to rationalise and channel subsidies to the poor by increasing the burden on the rich, and by increasing spending on public welfare through its own kitty.
Mr. Jaitley said the Union Budget is aimed at improving rural infrastructure and increasing rural income, as the biggest challenge to the economy is agrarian distress. Applauding the budget presented by the Finance Minister, Prime Minister Narendra Modi said the Budget is pro-village, pro-poor and pro–farmers, and is focused on bringing about qualitative changes in the country through a slew of time-bound programmes.
The attached note captures key highlights and summarises major announcements in the Budget.
Please reach out to us should you wish to understand more about the Union Budget and its impact on your business
A Summary of Budget 2016!
Hon. Finance Minister Mr.Arun Jaitley presented a resilient India Budget 2016 which spells the ‘Transformative Agenda’ for the India Economy identifying nine key pillars for the GDP growth. Team RAMA has presented an overall overview of the Union Budget – 2016, summarised key policies changes and Direct & Indirect taxes proposals in brief for easy understanding and quick reference. Hope you will find it useful.
Warm regards & happy reading!
- Ram Agarwal & Associates.
The Union Budget for 2017-18 pledged relief for rural India, middle class taxpayers and small and medium-sized companies in the Union Budget 2017-18, saying the government would spend thousands of crores to double farmers' incomes, upgrade infrastructure and provide affordable housing. While unveiling the budget the Hon’ble Finance Minister emphasised that the budget is built on three pillars “Transform, Energise and Clean India”, that is, TEC India. This agenda of TEC India seeks to transform the quality of governance and quality of life of the citizens of India, energise various sections of society, especially the youth and the vulnerable sections of the society and enable them to unleash their true potential. The emphasis of TEC India is also to clean the country from the evils of corruption, black money, and non-transparent political funding. The main focus of the Budget has been to boost government expenditure in order to increase growth, and to muster employment generation.
The Finance Minister said the Indian economy was doing well despite global trends of slowing growth in other emerging economies. He also delivered a big relief to foreign portfolio investors by exempting them from indirect transfer provisions. The centre’s budget size has been pegged at Rs. 21.47 lakh crore, with an increase of 25.47 per cent in capital expenditure. As regards fiscal consolidation, the FM has targeted fiscal deficit of 3.2 per cent for 2017-18 as against earlier target of 3 per cent. For agriculture and rural sector, Mr Jaitley has increased the allocation by 24 per cent to Rs. 1.87 lakh crore for 2017-18. In the case of infrastructure, the planned public investment stood at massive Rs. 3.96 lakh crore.
We have developed an analysis of the budget, which includes opinion pieces from eminent economists and experts.
Edelman India Analysis
Standing in for Mr Arun Jaitley, Finance Minister (FM), Piyush Goyal presented the Union Budget of India earlier today. Highlighting achievements of various Government schemes, Mr Goyal stated that the Government led by Prime Minister Modi has been the most decisive and transformational in executing structural reforms.
Focused on rural and inclusive development over the next 5-10 years, the Budget included significant announcements ahead of the General Elections while also outlining ten dimensions of the Government’s Vision for India’s development by 2030. The launch of, “Pradhan Mantri Kisan Samman Nidhi (PM-KISAN),” which aims to supplement rural income, captured the limelight of this year’s budget. The middle class has also benefited with higher gratuity, broadening of the tax-exempt bracket and waivers on income tax on notional rent. A mega pension scheme for workers in the unorganised sector was also announced along with health coverage under the ‘Ayushman Bharat’ scheme.
The Government has budgeted for overall expenditure of INR 27.8 trillion in 2019-20, an increase of 13% over the previous year’s estimates, while targeting a fiscal deficit of 3.4% in 2019-20 and 3% in 2020-21.
Budget is an estimate of income and expenditure for a set period of time.
From the perspective of Bangladesh the most important issues that are going to impact middle and poor class people need to be discussed
India Union Budget 2016 - An Overview | A BDO India PublicationOperations BDO
Dear Reader, India Budget 2016 was delivered by the Finance Minister, Mr. Arun Jaitley on February 29,2016. This Budget appears a sincere attempt to deliver on key expectations and address major challenges within the economic constraints. The budget has been spelt with fiscal consolidation at the core defining the pillars for growth of the economy and leaves a lot of the year to unfold. BDO India LLP brings together an analysis of key changes set out in the Union Budget in their proprietary: INDIA UNION BUDGET 2016 - An Overview.
had an occasion to address a senior group of doctors of Tamil Nadu Government. sharing the PPT which may be useful to those doctors uninitated in to finance
Long on aspirations and short on action - A monograph on the Union Budget 201...D Murali ☆
Long on aspirations and short on action - A monograph on the Union Budget 2015-16 - B. Yerram Raju - Article published in Business Advisor, Budget 2015 special issue http://www.magzter.com/IN/Shrinikethan/Business-Advisor/Business/
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Key Highlights of Union Budget 2012 India presented by Finance Minister Pranab Mukharjee Prepared by vgyan.com, Shiv Kumar Agrawal.
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The Hon’ble Finance Minister, Mr. P Chidambaram presented the Interim Budget for 2014-15 in the Parliament on 17 February 2014.
While not being a full-fledged budget, the Interim Budget details some interventions on the indirect taxes front and announcements of the policy roadmap.
Contents: Key Features of Interim Budget 2014-15; Analysis of the Budgetary Proposals; Fiscal Trends; Indirect Taxes – Sector & Industry Specific Analysis
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Unlock the keys to financial prosperity with our engaging SlideShare presentation on "Strategic Budgeting for 2024-2025." Dive into essential budgeting techniques, explore innovative financial strategies, and gain insights into effective resource allocation. Whether you're an individual looking to manage personal finances or a business aiming for fiscal growth, this presentation equips you with the knowledge and tools to make informed financial decisions. Join us as we decode budgeting intricacies, showcase real-world case studies, and provide actionable tips for a successful financial year ahead. Don't miss out on this valuable resource to optimize your budget and achieve your financial goals in 2024-2025!
1. HIGHLIGHTS OF BUDGET 2013-14
Presented by
Rajib Deb
M.Com. 3rd sem.
Roll No:29
Department of Commerce
Tripura University
2. INTRODUCTION
Union Finance Minister P Chidambaram presented the
much awaited finance budget for 2013-14 in the Lok
Sabha, stressing on the fact that India is not
unaffected by what happens in the world, the main
reason why the country's economy too has slowed
down. Chidambaram stressed that the UPA
Government believes in inclusive development, while
adding that India faces challenge of getting back to
its potential growth rate of 8%. Health and education
for all remain the Government's priorities, and that
the main aim of the budget 2013-14 is to create
opportunity for the youth, added Chidambaram.
3. What is Budget?
The dictionary meaning of budget is systematic plan for the
expenditure of a usually fixed resource during a given
period.
Budget means estimation of revenue and of expenditure such
as source and application of revenue and expenditure. In simple
Budget provides;
A forecast of revenue and expenditures, that is, construct a
model of how financial plans are carried out.
4. Budget 2013-14 includes the following
important proposals:
To allocate 2.03 trillion rupees to defence
sector in 2013-14
To allocate 801.94 billion rupees to rural
development in 2013-14
To provide 140 billion rupees capital
infusion in state-run banks in 2013-14
To cut duty on exports on precious and
semi precious stones to 2 point from 10
point.
5. Cont……
Zero customs duty for electrical plants and
machinery.
Plan to allocate 270.49 billion rupees for agriculture
in 2013-14.
Proposes capital allowance of 15 point to companies
on investments of more than 1 billion rupees.
6. A Quick Highlights of Budget 2013-14:
* No revision of personal income
tax slabs; relief in first bracket
through tax credit of Rs.2,000 for
earnings up to Rs.500,000
(approx $9,000)
* Ten per cent surcharge on
income exceeding Rs.1 crore
(Rs.10 million/$180,000) a year;
only 42,800 people have
declared such income
* Rs.1,000 crore allocated for
establishing Nirbhaya Fund
* Rs.97,000 crore (Rs.970
billion/$18 billion) for women's
development
7. Cont…..
* Import duty on high-end vehicles raised from 75 per cent
to 100 per cent.
* Excise duty on cigarettes to be increased 18 per cent
* No change in service tax of 12 per cent
* No service tax on vocational courses run by institutes
affiliated to state governments
* Service tax on all air conditioned restaurants regardless
of whether or not they serve alcohol
* No service tax on agricultural testing procedures
* Rs.9,000 crore allocated for compensating state for
differential in central sales tax and GST
8. Cont….
* No change in customs duty on non-agricultural products
* Modified law to prevent tax avoidance to come into effect
April 1, 2016
* 100 per cent tax deduction for contributions to National
Children's Fund
* Education cess to continue at 3 per cent
* 11 lakh people have benefited from direct cash transfers;
scheme to be rolled out across the country during UPA-2
term (May 2014)
* Tax on mutual fund redemptions reduced from .25 per
cent to .001 per cent
* Rs.800 crore provided to promoting wind energy
9. Cont…..
* Tax-free infrastructure bonds of Rs.50,000 crore to be
issued
* Rajiv Gandhi Equity Scheme to be liberalised
* Human resource development ministry to get Rs.65,867
crore
* Rs.13,250 crore allocated for midday meals scheme
* Rs.17,700 crore allocated for Integrated Child
Development Scheme
* Budget expenditure for 2013-14 at Rs.16 lakh 65,297
crore; plan expenditure at Rs.5 lakh 55,224 crore
* Rs.41,000 crore for Scheduled Caste plan
* Rs.110 crore for department of disabilities
* Rs.37,330 crore for health ministry
10. Conclusion
From the above discussion, we can say that it’s a good
budget presented by Finance Minister because it
targeting the rich people in the country and giving tax
benefit to the lower tax bracket groups. So that Tax
revenue can be increased without harming lower
income groups people. And overall development can be
possible by concentrating in health and education
sector.