Union budget 2012 indian tax laws legal service india. Budget 2012 highlights business news times of india. The union budget has made the following changes with relevance to. Gross domestic product gdp growth of india for 201516 projected between 88. Analysis of union budget 2012 government budget balance. Highlights of the union budget for 201718 the synthetic. Budget 2012 highlights of tax proposals quickbooks. Mar 24, 2012 by accommodation times bureau favourable points of budget 2012 on direct taxation the basic exemption limit for individual male have been increased from rs. The budget will be presented by union minister pranab mukherjee on 16 march 2012 in the house of parliament. For the indian economy, this was a year of recovery. In this report, we look at the key highlights of the union budget mainly from fixed income market perspective. Below are some of the expectations given from union budget 2012 basic tax exemption limit is expected to go up from 1.
Some of the highlights the indian union budget 2012. The union budget 2012 stated that investment in infrastructure is to go up to. 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. The budget 2012 saw a number of changes being announced across the sectors of the economy. No room for complacency or excuses for poor gdp growth in fy12 slowdown in fy12 can be attributed to weakness in. Indian general budget 2012, central budget 2012, indian. Revenue side domestic and global factors combined have had a bearing on the tax revenues during. The constitutional amendment bill introduced in the lok sabha on 22nd march, 2011. Union 1 budget highlights fiscal deficit projected at 5. Highlights of union budget 20112012 times of india.
Income tax exemption limit has been raised from rs. The budget permitted direct import of aviation turbine fuel for indian carriers. Which of the following is a highlight of the union budget. Kalangathu kanda vinaikkan thulangkathu thookkang kadinthu seyal. Railway budget 2012 summary union railway minister dinesh trivedi finally succeeded to win the hearts of the aamaadmi common man as he has not proposed any steep hikes in railway tickets.
Highlights of budget fy2012 for indian economy, recovery was interrupted this. What were the main highlights of the indian budget 2012. Following are some of the key highlights of the union budget 2012, presented by finance minister pranab mukherjee in the parliament on. Icai the institute of chartered accountants of india. For the indian economy, this was a year of recovery interrupted. In this regard you may like to note the following points. Budget speech 2012 , budget highlights 2012 , budget 2012 , india budget 2012 , budget speech, new india budget, india new budget, budget 2012 india, union.
Watch for live coverage of indian union budget 2012. Union budget of india 201415 highlights and analysis. 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. Mar 20, 2012 direct tax highlights of union budget 2012. Following are some of the highlights of the indian union budget 2012, presented by the indian union finance minister, mr pranab mukherjee. Following are some of the key highlights of the union budget 2012 , presented by finance minister pranab mukherjee in the parliament on friday. Slowdown in indian economy has to be seen in the context of slowing global economic growth from 3. The union budget for 201516 has been announced by mr arun jaitley, union minister for finance, government of india, in parliament on february 28, 2015. Between 2004 and 2008, and again in 200910 and 201011 the growth rate was over 8 per cent and crossed 9 per cent in four of those six years.
The delay is attributed to the assembly polls in five states. Big cars, refrigerators, acs will be more expensive. Union budget 2012 highlights ias exam portal indias. Union budget 201516 india, indian union budget 201516. The main highlights of union budget 201220 are presented on this page. The budget was presented in the first glimmer of hope. The main highlights of union budget 2012 20 are presented on this page. The main highlights of union budget with respect to corporate are summarized as follows. 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 was presented by the finance minister of india shri. Crux of union budget with respect to direct and indirect taxation no change in corporate taxes. A change in ipo guidelines will be brought in to promote small town participation which is lacking at present. Download pdf file for highlights of union budget 2012 1 five objectives of budget for fiscal year 2012. 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. Mar 16, 2012 the budget estimated the indian economy to grow at 7. Slowdown in comparison to preceding two years is primarily due to deceleration in industrial growth. Responsible management to return to balanced budgets highlights. Budget 2012 documents news releases, charts and graphs 201215 business plans government, ministries and heritage fund 2012. Highlights on union budget 2012 20 a corporate glance. Comparison of union budget 201415, 1516, 1617, 1718 1. 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. Review the finance minister presented the union budget for 2012 on 16mar12 amidst much expectations and hope. Relative to high growth in the period 200304 to 201011 with the exception of 200809, growth in 201112 is on the lower side.
The finance minister puts down a report that contains government of indias revenue and expenditure for one fiscal year that runs from april 01 to. Union budget 201112 highlights budget highlights 201112 swift and broad based growth in 201011 has put the economy back to its precrisis growth trajectory. Union budget 2012 highlights ias exam portal india. Highlights of union budget 2012 union budget 2012 at a glance. The basic exemption limit for individual female have been increased from rs.
Dear sir, the council is glad to inform you that the government has announced the union budget for 201718 on 1 st february, 2017. The union budget for 2012 has been announced by mr pranab mukherjee, the union finance minister, in parliament on march 16, 2012. Maximus securities has come out with its report on budget 2012. The budget is being seen as an opportunity to push for big reforms to jumpstart indias creaking infrastructure and slowing economy. Mar 16, 2012 the budget 2012 saw a number of changes being announced across the sectors of the economy. Budget identifies five objectives relating to growth recovery, private investment, supply bottlenecks, malnutrition and governance matters. Pranab mukherjee, the union finance minister, is going to table the union budget on 16 march after disappointing rail budget which was tabled by the union railway minister on 14 march 2012. Feb 12, 2014 highlights of union budget 2012 income tax slabs for individuals. Mar 16, 2012 union budget 2012 highlights budget identifies five objectives relating to growth recovery, private investment, supply bottlenecks, malnutrition and governance matters gdp growth to be 7. Click on the links given below to download the union budget 2012 documents. Key to budget documents budget highlights key features budget speech budget at a glance annual financial statement finance bill memorandum receipt budget expenditure budget. Complete coverage of budget 2012 union budget 2012, railway budget 2012, economic survey 2012. Pranab mukherjee, the finance minister of india, on 16th march 2012. Exclusive cnbctv18 and cnbc awaaz news, views, videos, budget.
The budget estimated the indian economy to grow at 7. Mar 16, 2012 for 2012 , 25,555 crore provided for rtessa representing an increase of 21. News and highlights for india union budget and railway budget for the year 2011 2012. Comparison of union budget 201415, 1516, 1617, 1718. Gross domestic product gdp growth of india for 201516 projected between 8. The following are some of the key highlights of the union budget 2012. Union budget 201516 india, indian union budget 201516, pdf. The union budget 2012 presented by the finance minister shripranab mukherjee in loksabha today identifies five objectives to be. The economic times is liveblogging the union budget 2012. Prominent highlights of the budget for 2012 presented by finance minister pranab mukherjee in the lok sabha on friday. The budget 201718 has been marked by historic economic policy developments. Affirming that the economy is right on track, finance minister arun jaitley presented the union budget for 201617.
Presentation of the union budget 201718 budget 201718 not only subsumed the railway budget but was also advanced to 1 february to enable ministries to operationalise all activities from commencement of the fy on 1 april. The gross domestic product gdp of india is estimated to have grown at 8. In the union budget 2012 presentation, the finance minister stated that the indian economy is estimated to grow by 6. Union budget 201112 highlights budget highlights 201112. Article contributed by ca varun nirmal direct taxes dtc rates proposed to be introduced for personal income tax. In 2014, only china projected to grow faster than india. We are sending herewith the highlights of the union budget 201718 download for your reference and information. The ministry of minority affairs has got an outlay of rs. Finance minister pranab mukherjee presented the union budget for the year 2012. Key highlights of union budget 2012 india presented by finance minister.
792 463 913 1188 964 983 1014 1238 1104 981 1301 1075 152 896 455 247 417 951 725 528 27 349 880 718 1102 477 925 1417 627 494 1039 919 177