For 2012, 25,555 crore provided for rtessa representing an increase of 21. Following are some of the key highlights of the union budget 2012, presented by finance minister pranab mukherjee in the parliament on friday. Following are some of the key highlights of the union budget 2012, presented by finance minister pranab mukherjee in the parliament on. Finance minister arun jaitley on saturday announced union budget 2015 aimed at high growth, saying the pace of cutting the fiscal deficit would slow as he seeks to boost investment and ensure that. Amendment to the frbm act proposed as part of finance bill. The union budget of india, also referred to as the annual financial statement in the article 112. Based on a projected buoyancy in nontax revenue and. Finance minister pranab mukherjee presented the union budget for 201220 in parliament on friday, with a reference to the state of the.
The initiatives towards tax reforms, as announced in the union budget, are covered in section iii. Contact details link is external budget for new india 2019. Union budget 2016 highlights pdf download, features of budget 20162017, download union budget 2016 pdf. Key to budget documents pdf file opens in a new window. Here are the key highlights of finance minister arun jaitleys union budget 201617 speech. 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 see about.
Key to budget budget highlights in pdf budget speech budget at a glance annual financial statement finance bill memorandum budget changes in. Mukharjee, who presented the fourth annual budget after he took. The union budget 2012 has no bigbang reforms unlike the much anticipated measures, amidst the current situation of economic volatility in the domestic. Average annual growth rate of agriculture and allied services estimated at 3. For the indian economy, this was a year of recovery interrupted. Budget 2012 highlights business news times of india.
Based on a projected buoyancy in nontax revenue and indirect taxes. Section i sets out the macroeconomic framework of the budget. Highlights of union budget 20112012 times of india. Union finance minister pranab mukherjee on 16 march 2012, tabled the union budget in the parliament for the financial year 2012. Budget identifies five objectives relating to growth recovery, private investment, supply bottlenecks, malnutrition and governance matters. Arun jaitely, the finance minister of india has announced the union budget. The nominal growth rate of gdp is expected to be 14% for 2012. Subsidies to be kept under 2 percent of gdp in 2012. The budget documents presented to parliament comprise, besides the. Highlights of the union budget 2012 growth prospects 1 gdp growth is expected to be 7.
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