Union budget 201516 impact on the automotive sector sector overview automotive sector occupies a prominent place in the indian manufacturing industry. Bankers adda provide you the best study materials like free mock test pdf, live classes etc. Highlights of budget, union budget 201617, railway budget 2016, economic survey 2016. Designed, developed and hosted by national informatics centre, information is provided by ministry of finance. Gross domestic product gdp growth of india for 2015 16 projected between 88. Union budget 2015 16 is special as this is the first budget after the creation of national institution of transforming india niti and acceptance of 14th finance commissions ffc recommendation of substantially higher devolution of union taxes to states. With budget 201516, mr jaitley has reiterated the adage that rome wasnt built in a day. Union budget 201516 india, indian union budget 201516. Union budget 2015 16union budget 2015 16 making one india accomplish durable growth template. Applicability date of budget proposals are in red fonts.
Rrb ntpc group d 2019 application status link activated all regions check now. Finance minsiter arun jaitley introduced union budget 201516. Union budget 201516 is special as this is the first budget after the creation of national institution of transforming india niti and acceptance of 14th finance commissions ffc recommendation of substantially higher devolution of union taxes to states. The union budget of india for the financial year 201819 was presented to the parliament on 1 february 2018 by finance minister arun jaitley. The finance minister announced the creation of a separate ministry for skill development of rural youth and allocated rs 1,543 crore for the year 201516. Indian union budget 201516, presented by mr arun jaitley. Union budget 2020 budget 2020 mynotesadda union budget.
The union budget of 201516 was the first full budget to be presented by the modi led government and was preceded by sky high expectations of reform. The 2018 budget is considered to be a crucial one as it the first since the rollout of goods and service tax gst regime in india. Bankers adda gk capsule august 2015 pdf current affairs pdf for all bank. Union budget 201516 india, indian union budget 201516, pdf. Th e next examinations are due in the month of may 2015. Union budget niti aayog and finance commission recommendations. It also in a way indicates the stance that may be taken by the rbi when. Following 14th finance commission recommendations, states will get higher resources. Web site description for is bankers adda offers ibps po, sbi, rbi reasoning questions, current affairs, english quiz, general awareness, gk capsule 2015 and previous. Union budget 201516 page 1 indirect taxes non tariff service tax service tax changes registration procedure under service tax.
Bill, 2015 is passed and receives assent of president of india. Finance minsiter arun jaitley introduced union budget 2015 16. 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. Union budget 201516 summary download pdf published on sunday, march 01, 2015.
Rrb ntpc study material books pdf free download now. The union finance minister shri arun jaitley in his budget speech in lok sabha today proposed no change in the rate of personal incometax. Bankers adda banking exam general awareness latest updates static gk tags. Arun jaitley presents governments first fullyear budget. Major features in a nutshell the railways minister has not increased the passenger fares. Fiscal deficit in re 201516 and be 201617 retained at 3. Indian union budget 2015 an overview for layman as well professionals. So this is the amount of borrowed funds require by the government to meet its expenditures completely. Rrb ntpc admit card 2019 for cbt 1 hall ticket for rrb ntpc 2019. It was a budget for corporates as corporate tax reduced from 30% to 25%. The union budget of 2015 16 was the first full budget to be presented by the modi led government and was preceded by sky high expectations of reform. A deficit in the government budget of a country and represents the excess of expenditure over income. Overview direct tax government not going ahead with direct tax code bringing down corporate tax rate from 30% to 25% over a period of four years measures to promote domestic manufacturing and improving the. 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.
Budget highlights key features union budget of india. The highlight in union budget 201516 is also not in how much money jaitley has allocated, but really in how the system will work to deliver. If you are looking for online bank job preparation website in india. The union budget for 201516 has been announced by mr arun jaitley, union minister for finance, government of india, in parliament on february 28, 2015. These budgetary proposals would be applicable for financial year 1 april 2012 to 31 march 20. What are your expectations from the union budget of india. The plain and sad fact is that the indian armed forces are in dire need of funds infusion. The first reaction is based on the speech of the fm subject to changes on. The times of india news app for latest budget 2015 news. Gross domestic product gdp growth of india for 201516 projected between 8.
Service tax would be levied on processes, unless otherwise specified in the negative list, not amounting to manufacture or production of goods carried out by a person for another for. The beginning of the budget printing began on 19 february 2015 with the traditional halwa ceremony. There are around 2025 questions in each government exams related to budget 2020 and you can solve 1820 questions out of them very easily by reading these notes of union budget 2020. Union budget of india 201516 highlights and analysis. The government will present the union budget 2019 on february 1, a day after the budget session of parliament commences on january 31. 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. The union budget of india for 20142015 was presented by finance minister, arun jaitley on 10 july 2014,11 am. Union budget 2015 16 budget ready reckoner fiscal consolidation pushed out fy15 fiscal deficit target of 4. Tax benefit on hiring on employees base also widened. The analysis which has been done by our team looks at both the macro implications of the proposals as well as the impact on various sectors. Union budget is defined under article 112 of the indian constitution.
We do hope to hence provide a comprehensive view of the budget which the reader. Highlights union budget 2018 2019 with pdf download. The union budget for 2015 16 has been announced by mr arun jaitley, union minister for finance, government of india, in parliament on february 28, 2015. Union budget 201415 india, indian union budget 201415, pdf.
Income tax rates are not changed but surcharge in almost all categories of tax payers is. The budget clearly did not disappoint as it gave due importance to all sections of the economy and tried to enhance the easeofdoing business while keeping its focus on infrastructure development. Dramatic increase in budgetary allocation to defence. 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. He announced the tax proposals with no change in the rate of tax for companies in respect of the income earned in the financial year 201516, assessable in the assessment year 201617. However, contrary to public expectations, he has not started any new train as well. The budget 202021 will be presented by finance minister nirmala sitaraman. Service tax would be levied on processes, unless otherwise specified in the negative list, not.
The government presents it on the first day of february so that it could be materialized before the commencement of new financial year in april. Changes proposed in service tax by union budget 2016 17. The budget clearly did not disappoint as it gave due importance to all sections of the economy and tried to enhance the. Being termed as make or break, this is arun jaitley and the gove feb 28, 2015 21.
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. Union budget 201516 summary download pdf bankexamstoday. Aiming at 78 per cent gross domestic product gdp growth in 34 years. Union finance minister arun jaitley presented the union budget 2015 today. Feb 28, 2015 finance minister arun jaitley starts presenting the union budget 2015 in the parliament.
We think direction matters more than pace right now. Union budget of india 201516 highlights and analysis clear ias. It is a wellbalanced budget and the fact that the implications of this budget will boost the morale of indian economy to an inclusive growth. Union budget 201415 india, indian union budget 201415. Union budget 202021 india date and time, timings, income tax slab rate expectations. The union budget of india for 201220 was presented by pranab mukherjee, on 16 march 2012, which was the 7th budget of his career. Union budget 201516 page 1 service tax reverse charge. Roadmap to achieve fiscal deficit of 3% of gdp in three years. 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. As a result of its forward and backward linkages with several key segments of the economy, the automotive industry has a strong multiplier effect and has the potential. India budget 2020 with the latest news on income tax, economic survey, sector impact, and tax details for 202021. Finance minister arun jaitley starts presenting the union budget 2015 in the parliament.
Finance minister nirmala sitharaman presented the maiden budget of narendra modi 2. From 20 february until the presentation of budget about 100 government employees remained locked up in the north block of the secretariat building, new delhi, which houses the budget printing press, to maintain secrecy. The complete pdf of union budget 2020 is attached below for your reference, which you can download by clicking at the download button. Hence, a realistic if gradual tilt is emerging towards investment. Union budget 201516 impact on the automotive sector tax rate on royalty and fee for technical service payable to non residents has been reduced from 25% to 10% royalty and fess for technical services currently, as per section 194c, tax withholding is not required on payments to. Live budget news et brings you 360 degree coverage of the budget 201617.