Union budget 2014 of india highlights live rail pdf. The finance minister on thursday unveiled higherthanexpected spending for fiscal 2014 on thursday, aiming to fund it with higher revenues including new taxes on the rich and large companies in a budget aimed at reviving growth amid the countrys worst slowdown in. The allocation for capital expenditure ex defence and. Prior to budget many expectation were set that tax relaxation will be given, inflation will be reduced but for common man this. Cii msme council has been pursing for many policy changes with the government and we are happy that this budget has address some of the key issues pursued by cii. Union budget 2014 india presented by mr p chidambaram, the union finance minister, in parliament on feb. Mar 06, 20 highlights and impact of the union budget 2014 on the education sector. Samiha garg hemant behl prateek bajaj nisha kalra puneet pal singh 2. Finance minister mr piyush goyal presented the interim union budget 201920 in the parliament in the absence of mr arun jaitely. How does india government plan to raise income as per union budget 2014. Having covered the economic survey 2014 in our last post, in this post let us see the highlights of the first budget of narendra modis government. Gdp growth rate in q3 and q4 of 2014 will be at least 5. Infra sector to gain from rs 50,000 crs tax free infra bonds. The union budget 2020 was presented on 1 feb 2020 by the modi government with the purpose of boosting investments.
Kalangathu kanda vinaikkan thulangkathu thookkang kadinthu. India budget 20 2014 highlights key features of budget 20 2014. Chidambaram on thursday presented the union budget for fiscal 2014 in parliament today. Union budget 20 14 impact on the rei sector 3 an overview an overview real estate in india is the biggest example of a sector that has transformed from being unorganised to a dynamic and organised sector over the past decade. Union budget 2014 impact on the rei sector 3 an overview an overview real estate in india is the biggest example of a sector that has transformed from being unorganised to a dynamic and organised sector over the past decade. The following are the major highlights of the union budget 2014 presented by the honble finance minister mr. Direct tax income limit under rajiv gandhi equity savings scheme rgess will be raised from rs. Mar 01, 20 the following are the highlights of union budget 20. Jan 07, 2020 interim union finance minister piyush goyals budget had proposed tax breaks for the middle class and sops for farmers and millions of employees in the unorganised sector.
Indian union budget 2014 date, indian general budget. Duty free limits raised to rs 50000 for men and rs 1 lakh for women. Here are some highlights of what education received from the budget 2014. The union budget for 20 14 has forecast a fiscal deficit. Additional interest deduction for firsttime home buyers and on electronic vehicles. Chidambaram on thursday presented the union budget for fiscal 20 14 in parliament today. An employment tax incentive to support young work seekers and personal income tax relief of r7 billion are among the highlights of the 20 budget, tabled by finance minister pravin gordhan on. The following are the highlights of union budget 20. The union budget for 2014 has forecast a fiscal deficit. Government policies have been instrumental in providing support after recognising. The union budget for 2014 aims at higher growth rate leading to inclusive and sustainable development as mool mantra. Medium term fiscal policy cum fiscal policy strategy statement. Feb 27, 20 finance minister p chidambaram presented one of the most highly anticipated budgets of recent years on thursday, as the government looks to rein in a bloated. Prior to budget many expectation were set that tax relaxation will be given, inflation will be reduced but for common man this budget seems to be disappointing.
Highlights and impact of the union budget 2014 on the education sector. Slowdown in indian economy has to be seen in the context of slowing global economic growth from 3. Finance minister, p chidambaram has announced the union budget 2014 which has received mixed reactions from industry and academia. Suvs, mobiles costly the government unveiled new taxes on the rich and large companies on thursday to fund higherthanexpected spending for the next fiscal year, in a budget that aimed to revive growth amid the countrys worst slowdown in a decade ahead of a. Feb 28, 20 the union budget for 2014 aims at higher growth rate leading to inclusive and sustainable development as mool mantra. Taxable income up to rs 5 lakh per year was exempted from tax. Iibf vision 2 march 20 union budget highlights top stories banking policies. This is clearly an indication of the governments effort on levying more tax on the superrich. 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 union budget of india for 202014 was presented by finance minister, p. Union budget 2014 highlights no change in income tax. Introduction budget 2014 will play a big role in laying a firm foundation for ushering in devolved system of government. Union budget 201112 highlights budget highlights 201112. Imagse via bing indian railway budget 2014 highlights.
His speech was marred by protests over the proposed division of a telangana state. Duty free limit for gold raised to rs 50,000 in case of a male passenger and rs 1 lakh for female passengers. Day for which many individual was waiting has finally came, finance minister p chidambaram has presented union budget 20 14 on 28 th feb, 20. Union budget 201920 budget highlights 6 personal tax no change in tax slabs or rates for individual taxpayers. Dtc proposals to raise rs,300 crore, indirect tax to fetch rs 4700 crore.
Key to budget 202014, key to union budget, budget documents, key to budget 20, updated union budget of india 2014, indian new budget 20, budget highlights, budget news, budget notifications, budget changes, budget documents, 2014 budget, budget speech, india budget 202014. Looking at the economic scenario in india and globally the union budget 20 was balanced by addressing certain key issues related to msmes. An employment tax incentive to support young work seekers and personal income tax relief of r7 billion are among the highlights of the 20 budget, tabled by. 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. First home buyers who avail home loan in fy 2014 up to rs. Highlights and impact of the union budget 2014 on the. State of play requisite legislations to govern budget formulation and prudent management of public finance. Cii msme council has been pursing for many policy changes with the government and we are happy that this budget has address some of. Highlights of union budget 2014 in pdf format highlights of union budget 2014 in pdf format.
Day for which many individual was waiting has finally came, finance minister p chidambaram has presented union budget 2014 on 28 th feb,20. We shall compare in our next post, the union budget of india 2014 15 with the interim budget presented by former finance minister p. Indian railway budget 2014 was presented in the parliament by railway minister pawan kumar bansal. How does india government plan to raise income as per union budget 20 14. Major highlights of budget 20, railway budget 20, budget expectations and much more. Extend the application period for the special concessionary measures under the small and medium enterprises sme financing guarantee scheme for 1 year. National health mission nhm services to an ageing population. Shockwaves on the richter scale, crorepatis clubbed with 10% surcharge blow p chidambaram decided to take a leaf out of the warren buffett rule book by whacking the wealthy. The finance minister on thursday unveiled higherthanexpected spending for fiscal 2014 on thursday, aiming to fund it with higher revenues including new taxes on the rich and large companies in a budget aimed at reviving growth amid the countrys worst slowdown in a decade. Highlights of 20 federal budget march 21, 20 smythe ratcliffe llp chartered accountants. India budget 202014 highlights key features of budget 202014. Read the highlights of union budget 201920 and its impact your finances.
Union budget of india 201415 highlights and analysis. Free wifi facility to be provided in select trains. Indias finance minister p chidambarampresented the union budget 2014 in parliament on february 28, 20 4. February 28, 20 the proposals made in the finance bill 20 bill are as follows. Below are the highlights of union budget for the financial year 201415. Interim union finance minister piyush goyals budget had proposed tax breaks for the middle class and sops for farmers and millions of employees in the unorganised sector. Kotak securities brings you various videos on the analysis and highlights of budget 2014 by our panel of financial experts. No revision in tax slabs, tax credit of rs 2000 for income upto rs 5 lakh. The following are the major highlights of the union budget 20 14 presented by the honble finance minister mr. Top 10 takeaways from union budget 2019 finance minister proposed to enhance surcharge on individual income of rs 25 crore and over rs 5.