Though this is interim budget before elections, it has come with benefits to employees, farmers and middle class people. Feb 23, 20 highlights of union budget 2014 following are highlights of the union budget 2014 presented by finance minister p chidambaram on thurday 28th february 20. Chidambaram on thursday presented the union budget for fiscal 20 14 in parliament today. Finance minister, nirmala sitharaman announced that there is a proposal to raise the surcharge for incomes above rs. The allocation for capital expenditure ex defence and. Some of the key points that were highlighted by chidambaram in the budget are. Union budget 2014 india presented by mr p chidambaram, the union finance minister, in parliament on feb. Kalangathu kanda vinaikkan thulangkathu thookkang kadinthu seyal. Person taking a home loan for his first home during the period 2014 will be entitled to an additional.
How does india government plan to raise income as per union budget 20 14. What are the budget highlights which would have impact. Highlights of union budget 2014 praveen unnikrishnan february 28, 20 add comment finance minister of india, p chidambaram has started his budget speech for the year 20 14 in lok sabha. The union budget for 20 14 has been presented amidst a particularly challenging macroeconomic scenario. The union budget for 20 14 aims at a higher growth rate leading to inclusive and sustainable development. The government presents it on the first day of february so that it could be materialised. Fm allocates rs 65,867 crore to hrd ministry giving the emphasis on education, finance minister p chidambaram said budget. Chidambaram we all are busy to read highlights and analysis of it. Finance ministers proposal to launch an allwomen bank is one of the highlights of union budget 2014 sounds good but do women need this to be financially independent. Highlights of union budget 20 14 new delhi, feb 28.
India budget 20 2014 highlights key features of budget 20 2014. Income level for rajiv gandhi equity scheme raised by rs 2 lakh. The union budget for 2014 aims at higher growth rate leading to inclusive and sustainable development as mool mantra. Union budget 2014 would be presented by finance minister, p chidambaram in parliament today. Nirbhaya fund to empower women and to keep them safe and secure, proposal to set up indias first womens bank as a public sector bank, rs 1,000 crore for skill development.
Complete coverage on union budget 20 2014, budget 20 highlights, indian railway budget. The union budget 2020 was presented on 1 feb 2020 by the modi government with the purpose of boosting investments. Chidambaram, handed with the task to give an upward thrust to the ailing indian economy, delivered the union budget 202014 his first in the second consecutive term of the upa government, on the 28 th february 20, and thereafter presented the finance bill, 2012 before the parliament as an annual event, accordingly, we have. Major highlights of budget 20, railway budget 20, budget expectations and much more.
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. Revised estimates re of the expenditure in 2012 at 96 per cent of the budget estimates be due to slowdown and austerity measures. Complete coverage on union budget 202014, budget 20 highlights, indian railway budget. Latest union budget 20 news and headlines at times of india.
Latest budget news reports, views, budget videos, budget analysis, budget 20. Jul 05, 2019 top 10 takeaways from union budget 2019 finance minister proposed to enhance surcharge on individual income of rs 25 crore and over rs 5 crore by 3% and 7% respectively. Highlights of budget for 2014 presented in the lok sabha thursday by finance minister p. The union budget of india for 202014 was presented by finance minister, p. Following are some of the key highlights of the union budget 2014 presented by finance minister p chidambaram in parliament on thursday tax proposals. I will be providing a separate more detailed article covering proposal wise impact of the union budget, which will be more useful for forthcoming exams. To check out budget highlights and some positive analysis to find growth of the nation in next financial year 2014 by this union budget 2014. Chidambaram on thursday presented the union budget for fiscal 2014 in parliament today. Person taking a home loan for his first home during the period 2014 will.
Indias finance minister p chidambarampresented the union budget 2014 in parliament on february 28, 20 4. It is an annual document of the union ministry of finance, government of india and it. Finance ministers proposal to launch an allwomen bank is one of the highlights of union budget 20 14 sounds good but do women need this to be financially independent. 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. India budget 202014 highlights key features of budget 202014. Feb 28, 20 the union budget for 2014 aims at higher growth rate leading to inclusive and sustainable development as mool mantra. Union budget for the year 20 to 2014 highlights union budget 20 14 highlights pdf download gr8ambitionz prepare for ibps po x, ibps clerks x, insurance eams current affairs 2020 home.
The information would be as accurate as possible for the moment of time. Shockwaves on the richter scale, crorepatis clubbed with 10% surcharge blow p chidambaram decided to take a leaf out of the. 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. Jun, 2016 the plan expenditure in 20 14 will be 29. Direct tax income limit under rajiv gandhi equity savings scheme rgess will be raised from rs. Kotak securities brings you various videos on the analysis and highlights of budget 2014 by our panel of financial experts.
Union budget highlights 20192020 in simple terms yesterday, mr. Union budget 20 14 highlights pdf download gr8ambitionz. Investment allowance for new high value investments. Union budget 201112 all that you need to know about the latest budget including the highlights, complete budget speech of the finance minister and every possible detail that you wish to. The union budget for 2014 has forecast a fiscal deficit. Following are some of the key highlights of the union budget 20 14 presented by finance minister p chidambaram in parliament on thursday tax proposals. The union budget of year 2014 stressed on achieving a growth of 8 per cent on an immediate effect. The union finance minister today presented the budget for the year 2014. Finance minister p chidambaram makes three promises.
The following are the major highlights of the union budget 20 14 presented by the honble finance minister mr. Here are some quick pointers from common mans perspective for budget 2014. 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. Jul 10, 2014 the following are the union budget 201415 highlights.
Union finance minister, mr p chidambaram presented the budget for the fy 2014 on 28th february, 20. On the contrary he also mentioned that currently india is the only country behind china and indonesia when it comes to growth rate throughout the world. 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. Current news and valuable information the blog contains valuable information collected from various sources. Samiha garg hemant behl prateek bajaj nisha kalra puneet pal singh 2. The following are the union budget 201415 highlights. The union budget for 2014 aims at a higher growth rate leading to inclusive and sustainable development. Highlights of union budget 2014 strategies4competitions. The union finance minister today presented the budget for the year 20 14. Some of the major highlights of the said budget are summed up below. Indian union budget 2014 date, indian general budget. Taxable income up to rs 5 lakh per year was exempted from tax. Finance minister, p chidambaram has announced the union budget 2014 which has received mixed reactions from industry and academia. What are the budget highlights which would have impact on personal finance.
Highlights of union budget 2014 highlights of union budget 2014 by team vcc 28 february, 20 share. Get the latest news on union budget 20 14 of india. Highlights of budget for 20 14 presented in the lok sabha thursday by finance minister p. The budget documents presented to parliament comprise, besides the finance ministers budget speech, of the following. The highlights of the union budget 2014 are as follows. Get complete coverage of union budget 202021 and find all the latest news headlines, budget 2020 highlights along with live videos on.
The following are the major highlights of the union budget 2014 presented by the honble finance minister mr. This is clearly an indication of the governments effort on levying more tax on the superrich. Macroeconomic framework for the relevant financial year. Highlights and impact of the union budget 2014 on the education sector. Union budget 20 14 india presented by mr p chidambaram, the union finance minister, in parliament on feb. Highlights and impact of the union budget 2014 on the. The recently appointed finance minister of india, mr. A new fiscal consolidation path with fiscal deficit at. Here are some highlights of what education received from the budget 2014. Rs 14,000 crore capital infusion into public sector banks in 2014. No revision in tax slabs, tax credit of rs 2000 for income upto rs 5 lakh.
Walking a tight rope ahead of next years general elections, finance minister p chidambaram on thursday did not tinker with the income tax slabs or rates while presenting the union budget 2014 in the lok sabha. You can view the live webcast for the same courtesy nic. 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. Hinting towards global economic slowdown of growth rate of 3. 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.
Highlights of union budget 2014 india news india tv. Top 10 takeaways from union budget 2019 finance minister proposed to enhance surcharge on individual income of rs 25 crore and over rs 5 crore by 3% and 7% respectively. A company investing rs 100 crore or more in plant and machinery during the period april to march15 will be entitled to deduct an investment allowance of 15. Rs crore initial capital for a new womens bank which will be another public sector bank. Walking a tight rope ahead of next years general elections, finance minister p chidambaram on thursday did not tinker with the income tax slabs or rates while presenting the union budget 20 14 in the lok sabha. First home buyers who avail home loan in fy 2014 up to rs. Indian union budget 2014 current news and valuable. The author of this blog tries his best to keep you well updated with the current news and provide with valuable information.
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