Key highlights of union budget 201617 india infoline. 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. 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. We plan to release the highlights of central plan 2016, central assistance 2016, economic survey 2015 etc in coming posts.
It has to be specially noted that union budget 2016 comes at a time when there is an additional financial burden to due the implementation of 7th pay commission report and orop one rank one pension. Let us look at the key highlights the finance minister arun jaitley presented the union budget today. The printing of the budget documents began with a traditional halwa ceremony on 19 february 2016. Our post, covering the highlights of indian budget 2016 17, is ready. Pl sl and cl as per the shop and establishment act, archive. Indias highest ever kilometres of new highways were awarded in 2015. Mar 01, 2016 updates of union budget 20161760 key highlights of union budget 2016171. To approve nearly 10,000 kms of national highways in 201617. Get latest updates on budget highlights, railway budget, expert views and opinion. We also look at estimates presented in the 201617 union budget. Highlights, union budget 201617, current affairs 2016,upsc,ibps, business, economy union finance minister arun jaitley presented union budget 201617 in the parliament.
Highlights of union budget 201617 current affairs today gktoday. Union budget 201819 live updates highlights pdf download. Business standard offers exclusive live coverage on budget 2016 presented by finance minister arun jaitley. Finance minister arun jaitley presents his third union budget. Till 2016, it was presented on the last working day of february. Union budget 201516 india, indian union budget 201516. Brief summary, financial, general, family, it latest update. Arun jaitley we must strengthen firewalls against risks through structural reforms, rely on domestic market so that growth does not slow down. Here are the highlights of jaitleys budget for the fiscal year that begins on april 1.
Highlights of union budget 201718 taxindiaupdates in. The union budget for fy 202021 fiscal deficit target revised according finance minister nirmala sitharaman, the government of india is looking to achieve the fiscal deficit target of 3. The budget was expected to balance the fiscal prudence on one hand and emphasis on the need for the fiscal impetus to. Highlights of budget 201819 new delhi, 01th february, 2018. 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. Union budget 201516 india, indian union budget 201516, pdf. It was challenging for finance minister to make budget for 201617, however he has tried his level best in making budget 201617. The union budget this time makes a good attempt to guide the economy in the right direction. F inance minister arun jaitley today 29th february 2016 presented the union budget for the year 201617. Cabinet approves union budget for 201617 we believe in the principle that money with the govt belongs to the people. Indias union budget 201920 finance bill, 2019 has been presented by mof sh. Affirming that the economy is right on track, finance minister arun jaitley presented the union budget for 2016 17. Highlights of union budget 201617 latest current affairs. Live india budget 2016 news coverage online, highlights of union budget 2016 17, income tax slab, fdi, fiscal policy, gst bill by finance minister arun jaitely.
Javacript is either disabled or not not supported by this browser. Also know what happened during the session, what were the new schemes introduced and what was good and what was bad in the union budget introduced. Union budget 20182019 live updates, live streaming, online watch, highlights, pdf file free download, 2018 railway budget and pdf file download. Union budget of india 201819 highlights and economic survey 2018 highlights pdf quick facts about union budget. Additional 15,000 crore to be raised by nhai through bonds. Our post, covering the highlights of indian budget 201617, is ready. Live budget news et brings you 360 degree coverage of the budget 201617. Get latest budget news, budget highlights, arun jaitleys budget speech, headlines on railway and union budget 2016 2017, budget impact, exclusive coverage of budget 2016. Feb 29, 2016 finance minister arun jaitley on monday presented the union budget 2016 17 in the lok sabha. Lot of new announcements were made by finance minister in budget 201617.
It was presented before the parliament on 29 february 2016 by the finance minister of india, arun jaitley. There are some benefits and exemptions that can be used while computing personal income tax. Accelerating the momentum march 2016 slide 14 economic performance. Short notes on union budget 201617 union budget 201617. Union budget of india 201819 highlights pdf cracku. Here are the key highlights of finance minister arun jaitleys union budget 2016 17 speech. Every year, clearias used to publish a short analysis of indian budget and economic survey. Union budget india 201920 finance bill, 2019 download. When is union budget 2018 and where can you watch the budget session this year.
It has to be specially noted that union budget 2016 comes at a time when there is an additional financial. In 199798, p chidambaram presented a budget that was termed as dream budget. The finance minister arun jaitley presented the union budget today. Deduction under section 80jjaa of the income tax act will be available to all assesses who are subject to statutory audit under the act. Read to know more about the highlights of union budget of india 201617. Per campus budget instructions a reserve for salary and related fringe benefit increases has been set aside for possible compensation adjustments in fy17 provisions made for change in hourly rate for classified staff and tes who currently make less than the living wage.
Union budget of india is referred to as the annual financial statement in the article 112 of the constitution of india. 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. Finance minister arun jaitley presents his third union budget 201617. Model shops and establishments bill to be circulated to. 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. Key highlights of union budget 2016 17 budget 2016 speech comes to a close.
Read full text of budget papers, watch video, download pdf. Amidst global headwinds, the indian economy has held its own. The indias finance minister, arun jaitley has announced the indias national budget of nda govt. The union budget for 2016 17 has been announced by mr arun jaitley, union minister for finance, government of india, in parliament on february 29, 2016. Highlights,union budget 201617, current affairs 2016,upsc,ibps, business, economy. The govt is implementing unified agricultural market scheme for farmers to accessmarkets easily with eplatform 2. Allocation of 55,000 corer in the budget for roads. Union budget of india union budget 201617, 201516 major. Union budget 201617 highlights 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 boost his ruling party in coming state elections. Union budget 201617 in this note we present some trends regarding the central governments sources of financing including tax revenue, disinvestments, and its revenue and capital expenditure, including subsidies. The budget focussed on social development, growth in rural areas and easier tax regime. In addition to an executive summary, the outcome budget 201617 contains seven. 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. Income tax rate cut to 5 pc for individuals having income between rs 2.
Finance minister arun jaitley on monday presented the union budget 201617 in the lok sabha. Updates of union budget 20161760 key highlights of union budget 2016171. Find 2016 union budget highlights along with full coverage. Live budget news et brings you 360 degree coverage of the budget 2016 17. Nirmala sitharaman, today unveiled a series of farreaching reforms, aimed at energizing the indian economy through a combination. Existing rate of taxation for individual assesses between income of rs. Lets take a look key highlights of union budget 201617. Highlights of union budget 2016 17 simple tax india. The budget that will be presented by jaitley will be the first after the goods and services tax gst regime was implemented. India hailed as a bright spot amidst a slowing global economy by imf. Union budget of india all you needed to know about union budget highlights 2016 17 and advancements of the general aam budget 2016. Regulatory the policy announcements in the budget have been made in the backdrop of technological developments and the peaking of indias population in the productive age groups, a steady focus on ease of doing business and ease of living for all citizens.
The union budget 2020 was presented on 1 feb 2020 by the modi government with the purpose of boosting investments. Highlights of union budget 201718 as presented by honble finance minister sh. Union budget 197374 is known as black budget of india as budget deficit rose to rs 550 crore. It is presented each year on the last working day of february by the finance minister of india in parliament. The finance minister arun jaitley presented the union budget 201617 on monday. Press information bureau government of india highlights of budget 201819 new delhi, 01th february, 2018. Highlights of union budget fy1617 linkedin slideshare. If you continue browsing the site, you agree to the use of cookies on this website. Government to infuse 250 billion rupees capital into staterun banks in 201617. For budget 201617, the government invited suggestions.
Budget 2016, india union budget 201617, live, news. Additional fiscal burden due to 7th central pay commission recommendations. Arun jaitley we must strengthen firewalls against risks through structural reforms, rely on domestic market. Following are the highlights of the union budget for 20162017 presented by union. Union budget 2016 17 highlights 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 boost his ruling party in coming state elections.
Key highlights of union budget 201617 budget 2016 speech comes to a close. Agricultural budget, basic budget, important points, pension for senior citizens, changes made by the budget committee. Speech by the financial secretary, the hon john c tsang moving the second reading of the appropriation bill 2016. As is expected, there were some things that became economical while there were a few others.
The budget for the next fiscal year is aimed at vastly improving the rural sector with emphasis on agriculture, education, job and skills training and various reforms supporting the stand up india campaign, among others. Here is a pdf containing all the major highlights of union budget 201617. Focus on rural india, tax regime same, but you pay cess. Union budget 201516 india presented by mr arun jaitley, union minister for finance, government of india, in parliament on february 28, 2015. Highlights of the union budget 201617 financial planning. There are enough indications to suggest that the union budget for 201617 will primarily focus on stimulating growth. Latest union budget for fiscal situation highlights. All the highlights from the union budget of india 2016 17. It focused on fiscal discipline and bringing demand in and empowering rural india and overall development of the country. Major highlights of proposed tax slab for ay 201819. Highlights of budget, union budget 201617, railway budget 2016, economic survey 2016. The union budget for fy 201819, presented on 1st february 2018 by finance minister arun jaitley, has created a buzz in the finance market. The finance minister arun jaitley presented the union budget 2016 17 on monday. On 29th february 2016, finance minister arun jaitley presented his third union budget for 201617 citing the acceleration of gdp growth to 7.
The budget of 201819 will be presented on thursday february 1 by union finance minister arun jaitley. Now, here come the complete highlights of union budget. Finance minister arun jaitley presented the union budget 2017, his fourth annual budget. Executive summary the finance minister, arun jaitley announced the budget for the financial year 201617. There are no changes to the personal income tax slabs. Finance minister arun jaitley presented union budget 201617 in parliament on monday. The union budget of india, also referred to as the annual financial statement in the article 112.
Here are the highlights of the modis union budget 2016. The 201617 union budget was presented by arun jaitley, the union finance minister, on 29 february 2016. Feb 29, 2016 finance minister arun jaitley presents his third union budget. Finance minister, nirmala sitharaman announced that there is a proposal to raise the surcharge for incomes above rs. Union budget 201819 live updates highlights pdf free download union budget 201819. Skills mission, jobs get a boost in budget 20162017. Affirming that the economy is right on track, finance minister arun jaitley presented the union budget for 201617.