Reactions to the union budget 2012 01 highlights lfiscal deficit projected at 5. Union 1 budget highlights fiscal deficit projected at 5. Mar 16, 2012 following are some of the key highlights of the union budget 2012 , presented by finance minister pranab mukherjee in the parliament on friday. Based on a projected buoyancy in nontax revenue and indirect taxes lthe nominal growth rate of gdp is expected to be 14% for 2012. Relative to high growth in the period 200304 to 201011 with the exception of 200809, growth in 201112 is on the lower side.
For the indian economy, this was a year of recovery interrupted. Exclusive cnbctv18 and cnbc awaaz news, views, videos, budget analysis, expectations. Rs 193,407 crore provision made for defence services in 2012 mar 16, 2012 12. Analysis of union budget 2012 government budget balance. Medium term fiscal policy cum fiscal policy strategy statement. Complete coverage of budget 2012 union budget 2012, railway budget 2012, economic survey 2012. Now new lax exemption limit for individual is 2 lac. Complete coverage of budget 2012union budget 2012, railway budget 2012, economic survey 2012.
Please note that due to the age of these documents they may not meet current web publishing requirements and may not be compatible with some software. The budget is being seen as an opportunity to push for big reforms to jumpstart indias creaking infrastructure and slowing economy. 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. Union budget 2012 get expectations, reality checks, expert opinion on the indian finance budget. Historical budget documents are available for reference purposes. 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. Todays budget is one of the biggest challenges of pranab mukherjees long political career and the finance minister set the tone for it when he described the year gone by as a year of recovery interrupted. In this report, we look at the key highlights of the union budget mainly from fixed income market perspective. In this regard you may like to note the following points. After happening the bud get reform of expenditures, the national budget for 2014. I have already outlined my priorities and strategy about.
Net operating balance 2012 budget net operating balance 6,294 17 2,871 2,241. Budget speech 2012 , budget highlights 2012 , budget 2012 , india budget 2012 , budget speech, new india budget, india new budget, budget 2012 india, union. Based on a projected buoyancy in nontax revenue and indirect taxes the nominal growth rate of gdp is expected to be 14% for 2012. The union budget 2012 identifies five objectives relating to growth, investment, supply bottlenecks, governance, and removing malnutrition to be addressed effectively in the ensuing fiscal year. Compiled by cbga from budget at a glance, union budget documents, various years. The union budget for 201415 has been announced by mr arun jaitley, union minister for finance, government of india, in parliament on july 10, 2014.
Budget identifies five objectives relating to growth recovery, private investment, supply bottlenecks, malnutrition and governance matters. By accommodation times bureau presenting amendments to finance bill, pranab mukharjee said i presented the budget for the year 2012 on 16th of march, 2012. Mar 16, 2012 union budget 2012 highlights india indoasian news service updated. Mar 16, 2012 rs 193,407 crore provision made for defence services in 2012 mar 16, 2012 12. National health mission nhm services to an ageing population. Presentation of union budget 2012 on 16th march 2012 guidelines as you are aware the union budget for 201220 is slated to be presented by the honble finance minister on 16th march, 2012. The difference is due to roundingoff of figures to nearest million rupees. When one year ago, i rose to present the budget, the challenges were many, but there was a sense that the world economy was on the mend.
Analysis of union budget 2012 free download as powerpoint presentation. Table 3 reconciliation of net operating balance and fiscal balance 2012 budget to 2012 myfer. The union budget for 2012 has been announced by mr pranab mukherjee, the union finance minister, in parliament on march 16, 2012. Union budget 2012 india presentation linkedin slideshare. It is a status quo budget rather than a reformist budget.
Expected launch date of union budget 2012 as stated by news sources, the union budget for 201220 will be presented in the second week of march this year. Highlights of previous issues february 2012 the banker t o every indian january 2012 does governance of the banking and. The issues are organised to align with the governments territory 2030 strategic plan action areas. Union budget 2012 25 legal decisions on banking 40.
Key features of budget 201220 approach to the budget for indian economy, recovery was interrupted this year due to intensification of debt crises in euro zone, political turmoil in middle east, rise in crude oil price and earthquake in japan. Temporary transfer or permitting the use or enjoyment of any intellectual property right 4. The national picture as it emerged in the union budget is not encouraging. Review the finance minister presented the union budget for 2012 on 16mar12 amidst much expectations and hope. Since then i have received a large number of suggestions both from within the house and outside. How is the union budget of the republic of india made. Pdf a window of opportunity for union budget reform of. Budget at a glance page 6 icma pakistans budget 20152016 commentary note. Highlights of union budget 20112012 times of india. Finance minister pranab mukherjee presented the union budget for the year 2012, his. Stay with us as we bring you the latest updates, analyses from market experts and politicians, reactions from indias top business leaders and live analysis throughout the day. Download full text of the speech by pranab mukherjee, finance minister important provisions have been marked for students appearing in exams like bank internal promotion tests interviews, civil service exam, bank probationary officers exam etc. Mar 16, 2012 the union budget 2012 presented by the finance minister pranab mukherjee in lok sabha today identified five objectives to be addressed effectively in the ensuing fiscal year. Full text of finance minister pranab mukherjees budget.
Expectations from union budget 2012, union budget 2012. Memorandum, memorandum of budget 2012 , budget memorandum, indian new budget 2012, budget features, budget news, budget notifications, major changes in budget 2012 , 2012 budget, india budget 2012 20. Mar 30, 2012 indias gdp growth in 2012 expected to be 7. Indian general budget 2012, central budget 2012, indian. Aiming at 78 per cent gross domestic product gdp growth in 34 years. Budget speech 2012, budget highlights 2012, budget 2012, india budget 2012, budget speech, new india budget, india new budget, budget 2012 india, union.
Union budget 2012 16 march 2012 finance minister pranab mukherjee friday began presenting his budget for 2012 amid noisy protests from opposition benches in the lok sabha. Expected launch date of union budget 2012 as stated by news sources, the union budget for 2012 20 will be presented in the second week of march this year. The budget process in india, like in most other countries, comprises four distinct phases. Following are some of the key highlights of the union budget 2012, presented by finance minister pranab mukherjee in the parliament on friday. Union budget 2012 highlights india indoasian news service updated. Union budget of india for the year 201220 was presented by the finance minister pranab mukherjee on march 16, 2012. Subsidies and fdisubsidies efforts to keep central subsidies under 2% of gdp in 2012. Memorandum, memorandum of budget 2012, budget memorandum, indian new budget 2012, budget features, budget news, budget notifications, major changes in budget 2012, 2012 budget, india budget 201220. Most of these pertain to tax proposals and range from seeking modification of. Address supply bottlenecks in agriculture, energy and transport sectors. Create conditions for rapid revival of high growth in private investment. Amendment to the frbm act proposed as part of finance bill. In the union budget 2012 presentation, the finance minister stated that the indian economy is estimated to grow by 6. Scribd is the worlds largest social reading and publishing site.
The budget was presented in the first glimmer of hope. Most of the people have demanded to increase tax exemption limit from1. It is only through growth that we can achieve increase in per capita income. The government presents it on the first day of february so that it could be materialised. Union budget 201415 india, indian union budget 201415, pdf. Highlights of the union budget 2012 posted by admin budget 2012, national 06 1. The economic times is liveblogging the union budget 2012. There is no restriction on clearance of goods from the factory on budget day. Detailed budget summary million receipts budget 201415 revised 201415 %age budget 201516 %age tax revenue direct taxes 1,180,000 1,109,000 28. Total union government expenditure as a proportion of gdp % 14.
Highlights of union budget 2012 union budget 2012 at a glance 1 five objectives of budget for fiscal year 2012. May 08, 2012 by accommodation times bureau presenting amendments to finance bill, pranab mukharjee said i presented the budget for the year 2012 on 16th of march, 2012. Fiscal deficit for 2012 pegged at rs 5,590 crore, which is 5. Budget 2012 highlights business news times of india. Mar 18, 2012 the union budget 2012 identifies five objectives relating to growth, investment, supply bottlenecks, governance, and removing malnutrition to be addressed effectively in the ensuing fiscal year. Mar 16, 2012 for 2012 , 25,555 crore provided for rtessa representing an increase of 21. The union budget 2012 presented by the finance minister pranab mukherjee in lok sabha today identified five objectives to be addressed effectively in the ensuing fiscal year.
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