The finance minister, in his speech for union budget 2014, did acknowledge that owing to the. The following are the major highlights of the union budget 20 14 presented by the honble finance minister mr. 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. Slowdown in indian economy has to be seen in the context of slowing global economic growth from 3. Day for which many individual was waiting has finally came, finance minister p chidambaram has presented union budget 2014 on 28 th feb,20. Union budget 20 14 highlights pdf download gr8ambitionz. 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. Memorandum explaining the provisions in the finance bill, 20. With widespread reform measures initiated in recent months and the global economy poised for a moderate recovery in 20.
Total union budget allocations for defence servicesnavy under the ministry of defence. Union budget 2014 of india highlights live rail pdf income. Union budget 20 14 final authorstream presentation. In 2014, the budget estimate is rs 16,65,297 crore. The union budget for 20 14 aims at higher growth rate leading to inclusive and sustainable. Union budget 2014 india presented by mr p chidambaram, the union finance minister, in parliament on feb. 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. 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 20 14. Union budget 2014 government budget balance government. Union budget 2014 impact on the rei sector 10 indirect tax proposals service tax standard rate of service tax is retained at 12%. 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. How does india government plan to raise income as per union budget 20 14. Union budget 2014 speech by finance minister youtube. No revision in tax slabs, tax credit of rs 2000 for income upto rs 5 lakh.
Union budget 20 14 india presented by mr p chidambaram, the union finance minister, in parliament on feb. 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. Major highlights of budget 20, railway budget 20, budget expectations and much more. Govt announces nirbhaya fund for safety, empowerment of women union budget 2014. The union budget for 2014 aims at higher growth leading to inclusive and sustainable development. Union budget 20 14 free download as powerpoint presentation. Montek singh ahluwalia deputy chairman, planning commission the idea is to work on deepening financial markets, broadening them to reach every indian.
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. Union budget 2020 download pdf as you all know that today our finance minister nirmala sitharaman declared union budget 2020. Cbga how well does union budget 2014 address genderbased challenges. An insight into the union budget 2014 the companion. Getting back to potential growth rate of 8 percent is the challenge. Union budget of india is the countrys comprehensive annual financial statement.
The union budget for 2014 has forecast a fiscal deficit refer chart 1 of 4. P chidambaram today 28th february 20, thursday has presented the union budget for the financial year 2014. 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 is defined under article 112 of the indian constitution. You can view the live webcast for the same courtesy nic. 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. 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 annual financial statement. 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. It contains budgetary allocations for expenditures related to. The union budget for 2014 aims at higher growth rate leading to inclusive and sustainable development as mool mantra. 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.
The finance bill, 20 seeks to prescribe the rates of incometax on income liable to tax for the assessment year 2014. 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. 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. Historical budget documents are available for reference purposes. 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 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. 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.
The nonplan expenditure is estimated at rs 11,09,975 crore. Kalangathu kanda vinaikkan thulangkathu thookkang kadinthu seyal. You can check 100 key highlights of union budget 2020. The union budget is also known as the annual financial statement. Doc highlights of the union budget for 2014 presented. Macroeconomic framework for the relevant financial year. Samiha garg hemant behl prateek bajaj nisha kalra puneet pal singh 2. Indias finance minister p chidambarampresented the union budget 2014 in parliament on february 28, 20 4. The union budget of india for 202014 was presented by finance minister, p. Highlights of the union budget for 2014 presented by finance minister p. 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.
Women belonging to the most vulnerable groups, including single women and widows, must be able to live with selfesteem and dignity. 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. Scribd is the worlds largest social reading and publishing site. Proposal to set up indias first womens bank as a public sector bank. We are a comprehensive and userfriendly open data portal facilitating free, easy and timely access to relevant data on government budgets in india. If revenue targets are not met, fi scal consolidation can go off the track as the scope for expenditure contraction is limited. National health mission nhm services to an ageing population.
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 2014 would be presented by finance minister, p chidambaram in parliament today. A new fiscal consolidation path with fiscal deficit at. Union budget keeps the account of the governments finances for the fiscal year that runs from 1st april to 31st march. Response to union budget 2014 centre for budget and. It includes budgetary allocations for the pay and allowances of navy, reservists, civilians, transportation, works and other expenditure.
The union budget for 20 14 aims at higher growth leading to inclusive and sustainable development. Highlights and impact of the union budget 2014 on the. Indian union budget 2014 date, indian general budget 20. Indian union budget 2014 date, indian general budget. Abatement in case of construction for residential units having carpet area upto 2000 sq. Cii has welcomed the union budget 2014, which is growth and investment oriented. The budget of the european union is financed by own resources, other revenue and the surplus carried over. Tax deduction at source on transaction of immoveable. Overview of the union budget 2014 grant thornton india. 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. Page 2 executive summary union budget 2014 has been popularly received as a womencentric budget. 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. Decoding taxes budget deals with issues of macro imbalance, provides the corrective on fiscal deficits which everyone wanted.
Cii has welcomed the union budget 20 14, which is growth and investment oriented. The union budget for 20 14 has forecast a fiscal deficit refer chart 1 of 4. Union budget 2020 summary get the highlights of the. Direct tax income limit under rajiv gandhi equity savings scheme rgess will be raised from rs. 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. Union budget 2014 investor foreign direct investment. The total expenditure in the union budget 2014 is pegged at rs. Jun, 2016 the revised expenditure target is rs 14,30,825 crore or 96 per cent of budget estimate for this fiscal. Get the latest news on union budget 20 14 of india. Chidambaram on 28 february 20, 11 am salient features of the budget. Jul 10, 2014 the following are the union budget 201415 highlights. Rs 1 lakh crore allotted for enhancing skills of youth. So you can get more knowledge about the planning of government for this year.
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. Dtc proposals to raise rs,300 crore, indirect tax to fetch rs 4700 crore. The revised expenditure target is rs 14,30,825 crore or 96 per cent of budget estimate for this fiscal. Budget highlights of the union budget 2014 ias exam. 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. How does india government plan to raise income as per union budget 2014. 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. Prior to budget many expectation were set that tax relaxation will be given, inflation will be reduced but for common man this budget. Nirbhaya fund to empower women and to keep them safe and secure. Getting back to potential growth rate of 8 percent is the challenge facing the country. The budget documents presented to parliament comprise, besides the finance ministers budget speech, of the following. How well does union budget 2014 address genderbased.
The union budget consists of a detailed account of the governments finances, its revenues and expenditures. Here we are providing all pdf s related to union budget 2020. India budget 20 2014 highlights key features of budget 20 2014. India budget 202014 highlights key features of budget 202014. Union budget 2014 of india highlights live rail pdf.
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