At the union budget held on 5 july 2019, nirmala sitharaman, the finance minister who has been appointed newly, announced that the financial expenditures for the defence sector will remain as decided in the interim budget that was presented on 1 february 2019. Gross domestic product gdp growth of india for 201516 projected between 88. Government has already permitted fdi in defence so that the indiancontrolled entities also become manufacturers of defence equipments. We are bringing you the highlights and key announcements of budget 201516. Union budget highlights budget 2015 arun jaitley speech budget 2015 highlights key budget points. Allocation for defence for 201516 raised to rs 2,46,727 crore against rs 2.
Union budget 201516 india, indian union budget 201516. Union budget 201617, ministry of finance, government of india. 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. The requirements for expenditure on defence, internal security and. Union public service commission and the secretariat of. Arun jaidey did not announce any measure that can harm programmes in social. An assessment the union budget 201516 has announced a number of structural reforms measures and other policy measures to address the major constraints to the economy. Budget pragmatic, will reignite growth, says modi union budget 201516.
The beginning of the budget printing began on 19 february 2015 with the traditional halwa ceremony. Here are the highlights of finance minister arun jaitleys budget for the fiscal year that. Agriculture major steps take to address the two major factors critical to agricultural production, that of soil and water. The two heads of expenditure which have witnessed significant growth in the defence budget 201617 are the salary component of the armed forces and the defence pensions. Full text of fm arun jaitleys speech finance minister arun jaitley on saturday presented his maiden fullyear budget for the 201516 financial year in the lok sabha. Finance minister arun jaitley raised the defence budget for 201516 by 7. While higher education, skill development and jobs have received more importance, we feel, basic issues in the educational sector have been neglected or have seen very less importance. Rs 45,000 crore for short term cooperative rural credit refinance fund. Over the last few years 20152020, there has been a shift in the composition of expenditure of the ministry. Medium term fiscal policy cum fiscal policy strategy statement. Indias defence budget 201516 manohar parrikar institute for. For instance, percentage share of defence budget in total budget was 11.
Why smokers will continue their habit despite the hike in price. Union budget annexure iii defence budget 201516 going by news reports, like in the previous financial years, in 201415 as well, a large amount of the defence capital budget was withdrawn at the revised estimates stage and some of this amount was allocated to the revenue budget to meet shortfall. With the new union budget around the corner and the subtle hints being dropped by the military institutions, a keen government, an assertive and willing leader who wants to equip and empower the troops, a talented and intelligent nsa in. The requirements for expenditure on defence, internal security and other. List of allocations to various sectors union finance minister arun jaitley, on february 28, 2015 presented the union budget for the financial year 20152016. Union budget 2015 live update and budget highlights. Following are the highlights of the union budget 201516 presented by finance minister arun jaitley in parliament today.
Ministry of defence annual report and accounts 2015 to 2016 web. Money spent by central govt on prog included in the 5 yr plan is nothing bt plan expenditure some of expenditure is directly incurred by govt nd other expenditure in the form of various central govt assistance for the plan of. Get latest budget news, budget highlights, arun jaitleys budget speech, headlines on railway and union budget 20152016, budget impact, exclusive coverage of budget 2015 news, india union budget 20152016. Memorandum explaining the provisions in the finance bill, 2015. Union budget 201516 gives a boost to major initiatives of government. Union budget business today gives you a key on big developments in indias. But first priority should be economy, but credible defense capability is also a must for india. Changing composition of the defence budget 201516 to 202021. The union budget for 201617 has been announced by mr arun jaitley, union minister for finance, government of india, in parliament on february 29, 2016. Personal indisposition or the weight of expectations of over a billion indians one. It was the first full year budget of the nda government under leadership of prime minister of narendra modi and the second budget of arun jaitley as finance minister.
Union budget 201516 is being presented by finance minister mr. When other economies are facing serious challenges, india is about to takeoff on a faster growth trajectory once again. Union budget 201516 india presented by mr arun jaitley, union minister. Hello friends, today we are going to share highlights of union budget 201516. The budget documents presented to parliament comprise, besides the finance ministers budget speech, of the following.
The narendra modiled nda governments first fullfledged budget for 201516 was tabled in parliament on february 28, 2015. The requirements for expenditure on defence, internal security and other necessary expenditures are adequately provided. Union budget india defence allotment business today. F inance minister arun jaitley today 28th february 2015 presented the union budget for the year 201516 aimed at high growth, saying the pace of cutting the fiscal deficit would slow as he seeks to boost investment and ensure that ordinary people benefit. Highlights of union budget 201516 taxation no change in the tax slab on personal. Rs 25,000 crore in 201516 to the corpus of rural infrastructure development fund ridf set up in nabard. Finance minister promised to meet the challenging fiscal target of 4. For 201516, the expenditure on capital outlay and pensions was 26% and 21% of the defence budget, respectively. India boosted defence spending by 12 percent in 201415 over the previous year in a budget presented on thursday and further opened the domestic weapons industry to. The following are the sector wise highlights of union budget 201516 presented by arun jaitley in parliament today. Gdp growth in 201516, projected to be between 8 to 8. The make in india policy to achieve greater selfsufficiency in the area of defence equipment, 18 including aircraft. Government on saturday increased the defence budget by 9.
The overall share of the defence budget in the total union budget has been continuously falling over the years. Union finance minister, arun jaitley on 28 february 2015 presented union budget 201516 in the lok sabha. Smoking, eating out, air travel to be costlier manufacturing sector neglected. Highlights of budget, union budget 201516, railway budget 2015, economic survey 2015. Being termed as make or break, this is arun jaitley and the nda governments first fullyear budget. Gross domestic product gdp growth of india for 201516 projected between 8.
Stay on the times of india to know the live update, latest news and headlines about indias union budget 2015 16. Defence government has already permitted fdi in defence so that the indiancontrolled entities also become manufacturers of defence equipments. I rise to present the budget of the union for the year 201516. Indias defence budget 201617 manohar parrikar institute for defence studies and analyses. Stating that the union budget 201516 has consciously eschewed a big bang approach, aiadmk general secretary jayalalithaa has said it has fallen short of expectations as the hopes and. Finance minister arun jaitley announced a budget aimed at high growth, saying the pace of cutting the fiscal deficit would slow as he seeks to boost investment and ensure that ordinary people benefit. I present this budget in an economic environment which is far more positive than in the recent past. Live budget news et brings you 360 degree coverage of the budget 201516. Here is a quick view on the union budget 2015 16 for the education sector. In the union budget 201516, what is the significance of. The union budget 2015 saw mixed reactions for the budget in the education sector. Defence allocation for this fiscal is rs 2,46,727 crore new delhi. The actual revenue expenditure in 201415 demand nos 23 to 27 was rs. One area where the 201516 defence budget is likely to hurt the most is.
Presenting the union budget for the fiscal 201516, finance minister arun jaitley on saturday said the state of the countrys. Union finance minister arun jaitley presented union budget 201516 in the parliament. Union budget for the financial year 201920, presented by the finance minister smt nirmala sitharaman in the parliament 05 july 2019, envisaged a total outlay of rs27,86,349 crore. 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.
Here are the highlights of jaitleys budget for the fiscal year that begins on april 1. This was the first full year budget of the nda government and the second budget of. 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. I want to ask from where u got capital acquisition data i was try to get the data from union budget report but was not to get can u pls give me the source from. Defense expectations discussion in indian defence forum started by npm, jan 16. Macroeconomic framework for the relevant financial year. Major structural reforms the major structural reform measures, inter alia, include i agreement on monetary policy framework setting out. Budgetary information, present the governments outturn for 201516 and planned. The much awaited, and the first fullfledged, union budget by the narendra modi government for the financial year 201516 was tabled in the parliament today by the finance minister mr.
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