For the years 201112 to 201415, expenditure on this critical scheme grew by 9. 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. Union budget 2011 12 summary allocation for social sector increased by 17% to rs. Check out the latest updates by clicking the below links and update yourself. Union budget 201112 department of agricultural research and education total union budget allocation for the department of agricultural research and education under the ministry of agriculture. The union budget of india for 20112012 was present by pranab mukherjee, the finance minister of india on 28 february 2011. The union budget 201112 was drafted with an objective to promote sustained economic growth, strengthen infrastructure, moderate the price.
Amendments in cenvat credit rules, 2004 highlights of changes cenvat credit rules, 2004 i the rule 2 have been changed to bring more clarity and coherent by restructuring the. Finance minister, nirmala sitharaman announced that there is a proposal to raise the surcharge for incomes above rs. Find union budgets, state budgets, rbi data and municipal budgets across years. Union budget 2012 highlights india indoasian news service updated. The union budget 201112, presented by the honble union finance minister shri pranab mukherjee in the parliament on february 28, 2011, aims to sustain economic growth, strengthen infrastructure, moderate price rise, particularly of agricultural produce and reduce social imbalances through inclusive development. Asi budget pdf csudh foundation pdf loker student union budget pdf fy 201516. Reactions to the union budget 2012 01 highlights lfiscal deficit projected at 5. Dutt majumder, chairman, central board of excise and customs. Asi budget pdf csudh foundation pdf loker student union budget pdf fy 201415. In this context, the impetus in union budget 201011 towards further reduction of. An overview the union budget 201819 was unveiled on 1st february by the finance minister in lok sabha. Major highlights of proposed tax slab for ay 201819.
Budget budgetary documents 2011 european commission. There are two kinds of revenue receipts tax and nontax revenue. A detailed analysis of the union budget 201415 follows, with particular focus on. The nominal growth rate of gdp is expected to be 14% for 2012. Pranab mukherjee presented the union budget for 201112 on the 28th february. It also aims at removing the production and distribution bottlenecks for some of the major commodities like fruits and vegetables. Union budget 201819 live updates highlights pdf download. It would enhance the ability of smaller mfis, mainly. Our fiscal balance has deteriorated in 201112 due to slippage in direct. Key features of union budget 20092010 indian express. The union budget for 201112 has been announced by the union finance minister, mr pranab mukherjee, in parliament on february 28, 2011. Union budget 201112 summary as provided by finance ministry. In the rashtriya madhyamik shiksha abhiyan rmsa, which is emerging as the union governments.
Cii is a nongovernment, notforprofit, industry led and industry. An analysis overview of the economy gdp growth estimated at 6. Asi budget pdf csudh foundation pdf loker student union budget pdf fy 2014. The budget documents presented to parliament comprise, besides the finance ministers budget speech. In this report, we look at the key highlights of the union budget mainly from fixed income market perspective.
The union budget 2011 12 aims to sustain economic growth, strengthen infrastructure, moderate the price rise, particularly of agricultural produce and reduce so. This budgetary proposals would be applicable from 1 april 2011 to 31 march 2012. The announcement made by the finance minister to strengthen the role that mfis play in financial inclusion by instituting rs 100crore india microfinance equity fund with sidbi is a welcome move. For agricultural and allied sectors, the union budget 2011. Union budget is classified into revenue budget and capital budget. Union budget 20182019 live updates, live streaming, online watch, highlights, pdf file free download, 2018 railway budget and pdf file download. Operating fund report by cost center 4th quarter pdf operating fund expenditures by functional category pdf operating fund budgetexpenditure pdf. By shyamal mukherjee the union budget 2011 12 will go down in history as one that provided a clear vision on taxation policy. Key to budget documents pdf file opens in a new window. 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. The union budget 201112, presented by the honble union finance minister shri.
This document presents our analysis of the priorities and trends in the union budget with regard to the sectors and issues that are directly relevant for. 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. Overview of the economy india among the first few countries in the world to implement a broadbased countercyclic policy package to respond to the negative fallout of the global slowdown the advance estimates for gross domestic product gdp growth for 200910 pegged at 7. Union budget 2011 provides policy direction on tax the. Budget 201112 to serve as a transition towards a more transparent and result oriented economic management system in india. Macroeconomic framework for the relevant financial year. Confederation of indian industry since 1895 union budget.
Operating fund report by cost center 2nd quarter pdf fy 201112. No bigbang announcements, no major tax cuts, yet it is a balanced budget given the tough economic and political environment in the country. Finance minister of india proposed few initiatives to assist the economic expansion while presenting the india union budget 2010 2011 in the parliament on february 26, 2010. The union budget for 2011 12 has been announced by the union finance minister, mr pranab mukherjee, in parliament on february 28, 2011. Union 2 budget macroview ficci had expected and recommended that the budget would include measures for promoting investment led growth. The finance minister presented the union budget for 2012 on 16mar12 amidst much expectations and hope. This is owing to an increase in expenditure on petroleum, fertiliser, food, and other interest subsidies. Pdf with shrinking public spending, stateas health care concerns are specious. Relative to high growth in the period 200304 to 201011 with the exception of 200809, growth in 201112 is on the lower side. Union budget process an introduction free download as powerpoint presentation. The union budget 2011 12 will revolve around fiscal consolidation, inflation control,administrative checks and inclusive growth. Finance minister pranab mukherjee presented the 200910 union budget in the parliament on monday. To take the process of financial sector reforms further, various legislations proposed in 201112. Union budget keeps the account of the governments finances for the fiscal year that runs from 1st april to 31st march.
The budget has improved upon the rolling target set in the previous year 4. By shyamal mukherjee the union budget 201112 will go down in history as one that provided a clear vision on taxation policy. Overview of the economy gross domestic product gdp estimated to have grown at 8. Key to budget documents 34 kb pdf file that opens in a new window. This is clearly an indication of the governments effort on levying more tax on the superrich. The union budget 201112 aims to sustain economic growth, strengthen infrastructure, moderate the price rise, particularly of agricultural produce and. We are reaching the end of a remarkable fiscal year. Union budget2011 prebudget expectations and analysis as the country awaits the finance ministers speech for union budget 2011 on the 28 th february, it seems like he is going to have a tough time in striking the balance between controlling inflation and limiting the fiscal deficit to bare minimum. Amendments in cenvat credit rules, 2004 highlights of changes cenvat credit rules, 2004 i the rule 2 have been changed to bring more clarity and coherent by restructuring the definitions of inputs, input services, capital goods, exempted goods and exempted services. Get latest updates on live budget news, budget 2014 date, budget highlights, and indian railway budget, income tax. Gross domestic product gdp estimated to have grown at 8. Analysis of union budget is a publication which centre for budget and governance accountability cbga brings out every year following the presentation of the union budget in parliament.
Clauses 71 and 72 of the bill cover the legislative changes relating to service tax. After a long journey of economic reforms, amid subdued economic growth, challenging fiscal situation and farm distress, the budget endeavours to continue its focus on poverty, rural economy, healthcare, education. Fema rbi the institute of chartered accountants of india organized a workshop on indirect proposals of the union budget 2011 12 at its headquarter in new delhi on march 17, 2011. Making indias budgets open, usable and easy to comprehend. Relative to high growth in the period 200304 to 201011 with the exception of 200809, growth in 2011 12 is on the lower side. Medium term fiscal policy cum fiscal policy strategy statement. Budget 2011 12 to serve as a transition towards a more transparent and result oriented economic management system in india. The budget documents presented to parliament comprise, besides the finance ministers budget speech, of the following. The finance minister showed confidence that the countrys gdp for 201112 would grow above 9% and has sent a. Union budget process an introduction fiscal policy. In the union budget 2012 presentation, the finance minister stated that the indian economy is estimated to grow by 6. Revenue side domestic and global factors combined have had a bearing on the tax revenues during 201112, which.
Highlights of union budget 20112012 times of india. We are a comprehensive and userfriendly open data portal facilitating free, easy and timely access to relevant data on government budgets in india. However, there is no increase in basic exemption limit in the case of resident women who is below 60 years at. Challenges to lead economy to high gdp growth rate of 9 per cent per annum at the earliest to deepen and broaden the agenda for inclusive development to improve delivery mechanisms of the government. This was specially requested in the context of ongoing slowdown of economic growth which could be lower than 6. Emphasis on growth and fiscal correction the union budget for 2011 12 was presented against a challenging macroeconomic environment with the need to balance several conflicting objectives like tackling inflation without impairing growth and emphasising social inclusion at a time when fiscal consolidation is of paramount. Hope you like this union budget 20182019 live updates, live streaming, highlights, pdf file free download, 2018 railway budget and pdf file. The institute of chartered accountants of india organized a workshop on indirect proposals of the union budget 201112 at its headquarter in new delhi on march 17,2011. Union budget of india 201819 highlights pdf cracku. Union budget 2011 12 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 see about. Scribd is the worlds largest social reading and publishing site. Another rs 5,000 crore will be sanctioned during 201112.
Revenue side domestic and global factors combined have had a bearing on the tax revenues during 2011 12, which. Memorandum explaining the provisions in the finance bill, 2011. Below is the list of the proposals announced by the fm while delivering his budget speech in the parliament india union budget 20102011 general proposals and announcements. Emphasis on growth and fiscal correction the union budget for 2011 12 was presented against a challenging macroeconomic environment with the need to balance several conflicting objectives like tackling inflation without impairing growth and. Union budget 2011 12 since 1895 confederation of indian industry the confederation of indian industry cii works to create and sustain an environment conducive to the growth of industry in india, partnering industry and government alike through advisory and consultative processes. To boost infrastructure development, tax free bonds of rs 30,000 crore proposed to be issued by government undertakings during 201112. Similarly, budget provision earmarked for education of girl children should be enhanced from the present level of rs. The government presents it on the first day of february so that it could be materialised. It contains budgetary allocations for interventions of. Changes in central excise tariff rates sector wise analysis a general changes in excise tariff i an excise duty of 1% without cenvat credit facility is being imposed on about specified.
Asi budget pdf csudh foundation pdf loker student union budget pdf fy 2012. Based on a projected buoyancy in nontax revenue and indirect taxes lthe nominal growth rate of gdp is expected to be 14% for 2012. Agricultural budget, basic budget, important points, pension for senior citizens, changes made by the budget committee. News and highlights for india union budget and railway budget for the year 2011 2012. When is union budget 2018 and where can you watch the budget session this year.
After a long journey of economic reforms, amid subdued economic growth, challenging fiscal situation and farm distress, the budget. The union budget 2011 12, presented by the honble union finance minister shri pranab mukherjee in the parliament on february 28, 2011, aims to sustain economic growth, strengthen infrastructure, moderate price rise, particularly of agricultural produce and reduce social imbalances through inclusive development. In 201920, the total expenditure on subsidies is estimated to increase to rs 3,38,949 crore. Finance minister pranab mukherjee presented the union budget for the year 2012, his. Brief summary, financial, general, family, it latest update. Union budget 201112 a balancing act mar 01, 2011 author. However, there is no increase in basic exemption limit in the case. If you like this, then please share it with your friends. Slowdown in comparison to preceding two years is primarily due to deceleration in industrial growth.