The fi scal consolidation proposed in the union budget for 2014 is a combination of a marginal reduction in aggregate nonplan expenditure and buoyant revenue growth. Union budget 20 14 final authorstream presentation. Tax deduction at source on transaction of immoveable. Montek singh ahluwalia deputy chairman, planning commission the idea is to work on deepening financial markets, broadening them to reach every indian. 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. The budget of the european union is financed by own resources, other revenue and the surplus carried over.
A new fiscal consolidation path with fiscal deficit at. 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. Indias finance minister p chidambarampresented the union budget 2014 in parliament on february 28, 20 4. Union budget 20 14 department of aids control total union budget allocation for the department of aids control under the ministry of health and family welfare. Nirbhaya fund to empower women and to keep them safe and secure. Samiha garg hemant behl prateek bajaj nisha kalra puneet pal singh 2. The union finance minister announced different proposals for infrastructure and energy sector in india while tabling the union budget 2014 in the lok sabha on 28 february 20. Annual financial statement, indian new budget 20, annual financial statement of india budget 202014, annual financial statement of budget 2014, 2014 budget, india budget 202014, financial statement. It is provided that if the manufacturer of goods or the provider of output service fails to pay the amount payable under subrules 5, 5a, and.
Indian union budget 2014 date, indian general budget 20. Cbga how well does union budget 2014 address genderbased challenges. Jun, 2016 the revised expenditure target is rs 14,30,825 crore or 96 per cent of budget estimate for this fiscal. Implications of the union budget of india 2014 introduction the union budget 2014 was presented admist huge challenges posed by the macro economic environment both in the domestic and global scenario. Here are some highlights of what education received from the budget 2014. No revision in tax slabs, tax credit of rs 2000 for income upto rs 5 lakh. Highlights of the union budget for 2014 presented by finance minister p. Proposal to set up indias first womens bank as a public sector bank. Coming against the backdrop of challenging global and domestic macroeconomic conditions, the budget makes laudable efforts to optimise growth drivers while addressing imperatives of inclusion. Please note that due to the age of these documents they may not meet current web publishing requirements and may not be compatible with some software. You can check 100 key highlights of union budget 2020. It contains budgetary allocations for expenditures related to. We are a comprehensive and userfriendly open data portal facilitating free, easy and timely access to relevant data on government budgets in india. Overview of the union budget 2014 grant thornton india.
Finance minister, p chidambaram has announced the union budget 2014 which has received mixed reactions from industry and academia. Major highlights of budget 20, railway budget 20, budget expectations and much more. Indian union budget 2014 annual financial statement. Macroeconomic framework for the relevant financial year. Honble members will find from the budget documents that the gender budget has rs 97,4 crore and the child budget has rs 77,236 crore in 2014.
Here we are providing all pdf s related to union budget 2020. The revised expenditure target is rs 14,30,825 crore or 96 per cent of budget estimate for this fiscal. Memorandum explaining the provisions in the finance bill, 20. Mar 05, 20 the union finance minister announced different proposals for infrastructure and energy sector in india while tabling the union budget 20 14 in the lok sabha on 28 february 20. Page 2 executive summary union budget 2014 has been popularly received as a womencentric budget.
How well does union budget 2014 address genderbased. Union budget 20 14 department of higher education datasets open budgets india. The union budget for 2014 aims at higher growth leading to inclusive and sustainable development. National health mission nhm services to an ageing population. The union budget for 2014 aims at higher growth rate leading to inclusive and sustainable development as mool mantra. Implications of the union budget of india 20 14 introduction the union budget 20 14 was presented admist huge challenges posed by the macro economic environment both in the domestic and global scenario. Getting back to potential growth rate of 8 percent is the challenge facing the country. P chidambaram today 28th february 20, thursday has presented the union budget for the financial year 2014. Union budget 20 14 highlights pdf download gr8ambitionz. Union budget 2014 of india highlights live rail pdf income. Article 112 of the constitution of india lays down that it is a statement of the estimated expenditure and receipts of the government for a particular year the budget keeps the account of the finances of the government for the fiscal year from 1st april to 31st march.
India budget 202014 highlights key features of budget 202014. Mar 30, 20 the fi scal consolidation proposed in the union budget for 20 14 is a combination of a marginal reduction in aggregate nonplan expenditure and buoyant revenue growth. Day for which many individual was waiting has finally came, finance minister p chidambaram has presented union budget 2014 on 28 th feb,20. If revenue targets are not met, fi scal consolidation can go off the track as the scope for expenditure contraction is limited. The budget documents presented to parliament comprise, besides the finance ministers budget speech, of the following. With widespread reform measures initiated in recent months and the global economy poised for a moderate recovery in 20. Chidambaram on 28 february 20, 11 am salient features of the budget. Union budget 2020 download pdf as you all know that today our finance minister nirmala sitharaman declared union budget 2020.
Budget highlights of the union budget 2014 ias exam. Dtc proposals to raise rs,300 crore, indirect tax to fetch rs 4700 crore. The union budget for 20 14 aims at higher growth rate leading to inclusive and sustainable. Cii has welcomed the union budget 2014, which is growth and investment oriented. The union budget consists of a detailed account of the governments finances, its revenues and expenditures. Union budget 2014 government budget balance government. Full text railway budget 201415 speech of sadananda gowda download in pdf. Indian union budget 2014 date, indian general budget. Union budget of india is the countrys comprehensive annual financial statement. The following are the major highlights of the union budget 20 14 presented by the honble finance minister mr.
The union budget for 20 14 has forecast a fiscal deficit refer chart 1 of 4. Scribd is the worlds largest social reading and publishing site. You can view the live webcast for the same courtesy nic. How does india government plan to raise income as per union budget 2014. The union budget for 20 14 aims at higher growth leading to inclusive and sustainable development. Union budget 20 14 free download as powerpoint presentation. The total expenditure in the union budget 2014 is pegged at rs. Historical budget documents are available for reference purposes. It includes budgetary allocations for the pay and allowances of navy, reservists, civilians, transportation, works and other expenditure. Union budget is defined under article 112 of the indian constitution. Rs 1 lakh crore allotted for enhancing skills of youth. Union budget 2014 impact on the rei sector 10 indirect tax proposals service tax standard rate of service tax is retained at 12%. 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. Revised estimates re of the expenditure in 2012 at 96 per cent of the budget estimates be due to slowdown and austerity measures.
Direct tax income limit under rajiv gandhi equity savings scheme rgess will be raised from rs. Prior to budget many expectation were set that tax relaxation will be given, inflation will be reduced but for common man this budget. 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. Mar 01, 20 the union budget of 20 14 emphasized fast track economic growth with due importance on infrastructure development, skill development, employment generation and funding for social schemes. The finance bill, 20 seeks to prescribe the rates of incometax on income liable to tax for the assessment year 2014. Union budget 2014 investor foreign direct investment. Union budget 2014 india presented by mr p chidambaram, the union finance minister, in parliament on feb. Govt announces nirbhaya fund for safety, empowerment of women union budget 2014. Cii is happy that many of its suggestions have found mention in the. Slowdown in indian economy has to be seen in the context of slowing global economic growth from 3.
Highlights and impact of the union budget 2014 on the. Union budget 2020 summary get the highlights of the. Doc highlights of the union budget for 2014 presented. Cii has welcomed the union budget 20 14, which is growth and investment oriented. According to article 112 of the indian constitution, the union budget of a year, also referred to as the annual financial statement, is a statement of the estimated receipts and expenditure of the government for that particular year. Get the latest news on union budget 20 14 of india. A government budget is an annual financial statement which outlines the estimated government expenditure and expected government receipts or revenues for the forthcoming fiscal year. An insight into the union budget 2014 the companion. Jul 10, 2014 the following are the union budget 201415 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. Union budget 2014 would be presented by finance minister, p chidambaram in parliament today. The union budget of india for 202014 was presented by finance minister, p. Abatement in case of construction for residential units having carpet area upto 2000 sq. The union budget for 2014 has forecast a fiscal deficit refer chart 1 of 4.
After the 12th five year plan and the economic survey 2012, the union budget 2014 is yet another important policy pronouncement by the united progressive alliance upa ii government, where it has. Budget speech 2014, budget highlights 2014, budget 2014, india budget 2014, budget speech, new india budget, india new budget, budget 2014 india, union budget 2014, general budget. Response to union budget 2014 centre for budget and. The nonplan expenditure is estimated at rs 11,09,975 crore. The finance minister, in his speech for union budget 2014, did acknowledge that owing to the. Two key interventions in the form of a fund for womens safety and empowerment and an allwomens bank, have been introduced for the first time. February 28, 20 the proposals made in the finance bill 20 bill are as follows.
Union budget keeps the account of the governments finances for the fiscal year that runs from 1st april to 31st march. India budget 20 2014 highlights key features of budget 20 2014. Getting back to potential growth rate of 8 percent is the challenge. Total union budget allocations for defence servicesnavy under the ministry of defence. Decoding taxes budget deals with issues of macro imbalance, provides the corrective on fiscal deficits which everyone wanted. Feb 28, 20 union budget 20 14 pdf file download there had been widespread expectation, fuelled in part by comments by finance ministry officials, that chidambaram would present an austere budget in line with the spending cuts he forced on government ministries in recent months. Union budget 20 14 india presented by mr p chidambaram, the union finance minister, in parliament on feb. In 2014, the budget estimate is rs 16,65,297 crore. Women belonging to the most vulnerable groups, including single women and widows, must be able to live with selfesteem and dignity. How does india government plan to raise income as per union budget 20 14. Kalangathu kanda vinaikkan thulangkathu thookkang kadinthu seyal. So you can get more knowledge about the planning of government for this year. Union budget 2014 pdf file download there had been widespread expectation, fuelled in part by comments by finance ministry officials, that chidambaram would present an austere budget in line with the spending cuts he forced on government ministries in recent months.
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