Moreover, this is going to be the narendra modi governments last full budget ahead of the allimportant lok sabha elections in 2019. Madam, four years ago, we pledged to the people of india to give this nation an honest, clean and transparent government. Being termed as make or break, this is arun jaitley and the gove feb 28, 2015 21. Finance minister arun jaitley may hike service tax rate to 1618 per cent from the current 15 per cent in the budget, due on wednesday, as a precursor to the goods and services tax gst rollout. Here are the highlights of the union budget for various aspec slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Finance minister arun jaitley has begun presenting the budget proposals for fiscal 201516 of the nda government. Click here to read the full speech you have reached your limit for free articles this month. Being termed as make or break, this is arun jaitley and. Profarmers promise by jaitley in budget was govts jumla number 1. I present this budget in an economic environment, which is far more positive than previous years. Arun jaitley addresses press conference after meeting rbis board in a customary postbudget exercise. Finance minister arun jaitley may dole out tax sops to win over middle class besides giving sops to the individual tax payers, he is also expected to unveil initiatives to boost investments by corporates. I am presenting this budget when the global economy is in serious crisis. We have to wait and watch how much of these expectation.
Arun jaitley may find it expensive to fulfil taxpayers wishes a rs 10k hike in basic exemption translates into a loss of rs 3k cr to the exchequer and jaitley needs to give every tax benefit or cut a second thought. Analysing tax announcements by fm arun jaitley in budget 2015. Jaitley starts presenting budget proposals for 201516. When finance minister arun jaitley will rise on thursday to present the last full budget of the current modi government, he will have a daunting task of appeasing the relentless middle. Arun jaitley holds prebudget meeting with state finance ministers the finance minister said suggestions made by the statesunion territories and the. Finance minister arun jaitley presented the union budget. Arun jaitley presents governments first fullyear budget.
The current account deficit cad narrowed in the first half h1 of 201617 to 0. Express photo even as he chose to slip on this years fiscal deficit target, jaitley said the government has revised its fiscal consolidation glide path and that the fiscal deficit target for 201819 was now pegged at 3. Copies of budget papers ahead of budget presentation in the parliament. The first union budget of independent india was presented by r. Madam speaker, i rise to present the budget for 201819. In the 201516 budget, the ugcs funds were cut by 53% from rs 8,906 crore to rs 4,185 crore. All you need to know while jaitley, in his budget, did not announce any new tax slabs, there was slight relief for the aam aadmi in. This year, rs 4,691 crore has been allocated, a 7% increase but still much lower than the 2014. Union finance minister arun jaitley, on wednesday, presented the union budget 201718 in the lok sabha. Finance minister arun jaitley will hold prebudget consultations with different stakeholders, including trade unions, financial institutions and economists beginning january 6. We look back at five major measures that could have made home buying easier but found no mention in the budget.
Highlights of arun jaitleys union budget 201718 speech in parliament jaitley said that the government is now seen as a trusted custodian of public money, and that he is grateful to people for their strong support. The upper house which decided to sit till late to debate the union budget also saw repeated adjournments. Full text of finance minister arun jaitleys budget speech, partii here is the full text of finance minister arun jaitleys budget speech in parliament, part 2. Arun jaitley increased the limit of deduction on health insurance premium from rs 15,000 to rs 25,000 the finance minister also increased the transport allowance exemption from rs 800 to rs 1,600 per month he also allowed an additional deduction of rs 50,000 under contribution to the new pension scheme nps under section 80 ccd. Highlights of arun jaitleys union budget 201718 speech. Jaitley presents economic survey ahead of union budget. Budget 20162017 speech of arun jaitley, minister of finance.
Going by the first advance estimates of national income for 201718, gcf is unlikely to. In his budget 201516 proposals, finance minister arun jaitley said that the government will change provident fund or pf laws after consultations with stakeholders. Arun jaitley addresses press conference in a customary. But the budget speech could be the star of the show if jaitley can outline specific reforms the government wants to initiate, as he did in his earlier budgets. Madam,four years ago, we pledged to the people of india to give this nation an honest, clean and transparent government. Union budget 2015 by finance minister arun jaitley. Indians expect from finance minister arun jaitley and. Highlights of the budget for 2015 16 presented by finance minister arun jaitley in the lok sabha saturday. Global growth has slowed down from 3 4% in 2014 to 3. The 25th gst council meeting has finalized a rate cut on 49 items before union budget in which 29 handicraft items will. The budget is presented by means of the finance bill and the appropriation bill and has to be passed by both the houses before it coming into effect from april 1. The main reason for such buzz is that budget brings something for everyone.
Arun jaitley holds prebudget meeting with state finance. Finance minister arun jaitley presenting the budget in parliament on wednesday. If the first budget by jaitley was about rebooting india, the second budget, in my opinion, is an attempt at remaking india to match the aspirational streak to the countrys overwhelmingly young demography that is stifled by the burden of their pa. Check full text of arun jaitleys budget 2017 speech union finance minister arun jaitley on monday presented his third budget which took on both the f. This was the last fullyear budget of the bharatiya janata partyled national. Sources have said that social spending is going to jump in the upcoming budget. Jaitley to begin prebudget consultations from january 6. What do you think of the budget presented by the finance. Scribd is the worlds largest social reading and publishing site. Union budget for the fiscal year starting from 1st april 2015 is presented by arun jaitley today. Profarmers promise by jaitley in budget was govts jumla. Budget 2014 2015 speech of arun jaitley minister of finance july 10, 2014. The private sectors gcf has dropped from a peak of 29. This is what startups expect from arun jaitleys budget.
Finance minister arun jaitley on saturday said the state of the countrys economy was better placed today with its credibility reestablished by a series of measures taken by his. Union finance minister arun jaitley will present the union budget 201819 in parliament at 11 am on thursday. Positive cases rise to 29,435, death toll at 934 with 62 fatalities in 24 hours. Download arun jaitley union budget speech 2018 pdf india. There was uncertainity over the presentation of budget 2017 over the demise of mp and iuml leader ahamed. Finance minister arun jaitley presented the budget for the financial year 201819 in parliament on thursday. Finance minister arun jaitley starts presenting the union budget 2015 in the parliament. Arun jaitley will present budget 201718 at 11 am today on business standard. After unveiling a budget that aims to ramp up growth, finance minister arun jaitley interacted with mediapersons today. Former finance minister arun jaitley on february 28, 2015, presented his maiden fullyear budget for the 2015 16 financial year in the lok sabha. The following is the full text of arun jaitleys speech on the union budget for 201819. Presenting the budget in the parliament today, the union minister for finance and corporate affairs, arun jaitley said that railways capex for the year 201819 has been pegged at rs.
Full text of fm arun jaitley s speech finance minister arun jaitley on saturday presented his maiden fullyear budget for the 2015 16 financial year in the lok sabha. Former finance minister p chidambaram and his successor and current fm arun jaitley squared off again in the rajya sabha on tuesday, this time over the nonperforming assets npas that have. Jaitley began reading out his budget proposals at 11. In a rebuttal of the criticism of budget 201819 pandering to the farm sector in a preelection year at the expense of the middle class and the corporate sector, finance minister arun jaitley on. Analysing tax announcements by fm arun jaitley in budget 2015 deduction in corporate tax rate and phasing out of the exemption in a planned manner clearly shows a move towards a more stable and.
Pti photo madam speaker, on this auspicious day of vasant panchami, i rise to present the budget for 201718. Fm arun jaitley thus the burden on jaitley to present an all. The government has the drafted this budget which is. Finance minister arun jaitley can do india, across the spectrum, a big favour today while presenting the union budget 2015 by giving clearance to 5 cryingneed proposals. Jaitley indian states have been more empowered that ever before market update. Finance minister arun jaitley presented his fourth consecutive budget in parliament on february 1 after an element of uncertainty and confusion created by. This is the last full budget for narendra modi government before the 2019 lok sabha elections. Finance minister arun jaitley, in his 2015 budget speech, said the event was a significant opportunity to indicate the direction and the pace of indias economic policy. Government is all set to present the union budget fy 17 on feb 29, 2016.
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