Amrut mahotsav the year 2022, 75th year of independence vision for team india led by pm. Cabinet clears merger of railways and union budgets the. Major features in a nutshell the railways minister has not increased the passenger fares. The rail budget for 201516 has proposed a plan out lay of rs 1,00,011 crore, over one and a half times the outlay of rs 65,798 crore in the revised estimates for the current fiscal. In the railway budget, in every year railway budget submission many rail projects were announced, all projects are not come into operation implementation. Rail budget 2015 the state of indian railways in 5 easy graphs. Gross domestic product gdp growth of india for 201516 projected between 88. Key features of the union budget 201516 government has identified five major challenges to our economy namely agricultural income under stress, increasing investment in infrastructure, decline in manufacturing, resource crunch in view of higher devolution in taxes to states and maintaining fiscal discipline. 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. Live updates of union budget 201819, 201718, 201617. Suresh prabhu, presented the railways budget 201516 to parliament on february 26, 2015. It was a budget for corporates as corporate tax reduced from 30% to 25%. What are the pros and cons of merging the railway budget.
The beginning of the budget printing began on 19 february 2015 with the traditional halwa ceremony. Railway budget of india was the annual financial statement of the stateowned indian railways, which handles rail transport in india. It includes the effect of railway budget union minister for finance shri arun jaitley on 28 th february presented in parliament the union budget 201516, with a focus on growth, promoting entrepreneurship and manufacturing, rationalizing tax regime and announcing some relief to common man. 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, budget. Additional 2% surcharge for the superrich with income of over rs. Union finance minister arun jaitley announced the following highlights in the rail budget.
The budget was presented by the railway minister suresh prabhu in the parliament on 26 february 2015. Most of this capex will be dedicated to capacity creation. The forthcoming union budget provides an opportunity to put in place. Rail budget 2018 will be presented with the union budget in parliament. Freight hike in rail budget to add to inflation woes.
For more information on service and schedules, visit or call 323. Clarification regarding deduction of tax from payments made to transporters no deduction in payment made to transporters who is not owing more than 10 goods carriage it is proposed to amend the provisions of section 194c of the act to expressly provide that the. Rail safety fund with the corpus of rs 100,000 crore will be created over a period of five years. The union budget of india also called the general india budget is presented each year on the last working day of february. 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. Central railway budget will be submitted in parliament on february 25, 2016 by railway minister suresh prabhu. Now, this is perfectly fine if the economy is projected to grow much faster in 201516. We not only see a clear direction in which the economy is going to be steered but also the key milestones that we need to cross on the way.
A wellbalanced act sharekhan 3 february 28, 2015 reduce the rate of corporate tax from 30% to 25% in a phased manner, though it is doing away with exemptions. For those who wants union budget 201516 year can check out the link below for pdf format. Tax benefit on hiring on employees base also widened. Important budget 2018 questions, education budget, railway budget, health budget, tax budget. Basic facility of 24x7 power, clean drinking water, a toilet and road connectivity. Changes in union budget 2015 16 tds under section 194c. Sukanya samridhhi yojna gets taxfree status sukanya samriddhi scheme is a new entrant in the smallsavings schemes category aimed at encouraging savings for a girl childs. Cabinet clears merger of railways and union budgets union cabinet has cleared finance ministrys proposals to reform the entire budgetary process, including advancing the date of budget. Hence, a realistic if gradual tilt is emerging towards investment.
Get the latest news and views of the union budget 201516. The link will be updated in hindi and english as soon as budget announced. Railway minister suresh prabhu is set to present the rail budget 201516 on thursday in the lok sabha. Roadmap to take growth to double digit level this budget has laid down the roadmap for taking india to double digit growth. Budget pragmatic, will reignite growth, says modi union budget 201516. Union budget 201516 is special as this is the first budget after the creation of national institution of transforming india niti and acceptance of 14th finance commissions ffc recommendation of substantially higher devolution of union taxes to states. We do hope to hence provide a comprehensive view of the budget which the reader should find useful. Union budget 201516 india, indian union budget 201516, pdf. The indian railway budget 201516 has announced that the indian railways envisages investment of rs 8. It includes the effect of railway budget union minister for finance shri arun jaitley on 28 th february presented in parliament the union budget 2015 16, with a focus on growth, promoting entrepreneurship and manufacturing, rationalizing tax regime and announcing some relief to common man. 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 of india 201516 highlights and analysis clear ias. Will there be any other surprises in the railway budget. Madam speaker, this railway budget is part of a trilogy of documents that chart out our vision for the future.
Kindly keep this document safely and please share this with your friends. The report stated that as the size of the railway budget has shrunken when compared to the overall genera. We think direction matters more than pace right now. Gross domestic product gdp growth of india for 201516 projected between 8. 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. Highlights of the railway budget 201516 the hindu centre. Union budget 2015 16 the union budget 2015 16 is the first full budget that has come out from the current nda government. The union budget for 2015 16 has been announced by mr arun jaitley, union minister for finance, government of india, in parliament on february 28, 2015. You can find documents of rail budget highlights, speech of the minister, and other relevant documents of the budget.
Watch union budget 2018 live union budget 1819, download india budget 201819 pdf. Budget proposals to mark beginning of a five year action plan to transform the railways. Here are the highlights of the rail budget 2015 you can download pdf version of the same from here there is no increase in passsenger rail fares. Highlights of budget, union budget 201516, railway budget 2015, economic survey 2015. The union budget comprises the revenue budget and the capital budget, but now railway budget is also presented along with. Road, railway infrastructure likely to get boost in union budget 2019 there is likely to be a push for infrastructurespending, including on roads and railways to drive the growth which had slowed to a fiveyear low of 5. The niti aayog committee headed by bibek debroy noted that a separate railway budget was just an annual ritual that should be done away with. Users can access details related to railway budget, budget speech, budget highlights, budget statement, outcome budget, budget order, etc. It also contains estimates for the next fiscal year.
Railway budget 201718 highlights and pdf file railway budget 2017 pdf download. Union budget 201516 india, indian union budget 201516. Union budget 2015 16 extension of reduced tax rate of 5% on income foreign investors fiis and qfis from corporate bonds and government securities till 30th june, 2017. Railway budget 2018 live rail budget 201819 highlights. Presenting his maiden railway budget 201516 in parliament, prabhu also announced a dedicated tollfree number, 182, for receiving any securityrelated complaints. Live budget news et brings you 360 degree coverage of the budget 201516. 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.
Budget 201516 major highlights in industry wise by subair na 2. Indian railway budget 201516, rail budget highlights, pdf, india. Medium term fiscal policy cum fiscal policy strategy statement. Gross domestic product gdp growth of india for 2015 16 projected between 88. Always revise this pdf once or twice before every exam you are going to write this year. However, contrary to public expectations, he has not started any new train as well. On the other hand, the divestment targets have been raised to rs69,500 crore for fy2016 against an re of rs31,350 crore for fy2015.
Feb 26, 2015 the highlights of the railway budget 2015 16, as provided by the ministry of railways, can be accessed as a pdf 296 kb through the following link. Get latest budget news, budget highlights, arun jaitleys budget speech, headlines on railway and union budget 20162017, budget impact, exclusive coverage of budget 2016 news, india union budget 20162017, budget highlights of union budget 20162017 at economic times. Housing for all 2 crore houses in urban areas and 4 crore houses in rural areas. India budget 2020 with the latest news on income tax, economic survey, sector impact, and tax details for 202021. Speech of the minister for railways 2015 16 in hindi speech of the minister for railways 2015 16 in english budget of the railway revenue and expenditure of the central government for 2015 16. D2g has prepared a consolidated pdf of economic survey, railway budget, and union budget 2016. Rate of corporate tax to be reduced to 25% over next four years. The metro red, purple and gold lines all depart from union station, connecting to destinations throughout the county. The second part is todays budget for the year 201516. Union budget 201516 the union budget 201516 is the first full budget that has come out from the current nda government. Union budget 201516 summary download pdf bankexamstoday. Gdp growth in 201516, projected to be between 8 to 8. We can expect questions from this document for the next one year. The information contained in this document has been compiled or arrived at from other sources believed to be reliable, but no representation or warranty is made to its accuracy, completeness or correctness.
The analysis which has been done by our team looks at both the macro implications of the proposals as well as the impact on various sectors. The budget is presented by the finance minister of india in parliament. Gold monetization scheme to allow the depositors of gold to earn interest in their metal accounts and the. Budget pragmatic, will reignite growth, says modi union budget 2015 16. Users can find all relevant documents related to the indian rail budget 2015 16.
Click here to reach the complete text of union budget 201516 speech pdf click here to reach the complete text of union budget 201516 speech pdf. The first in the series is the white paper that has been placed today for the information of the house. The railway budget was presented every year, a few days before the union budget, till 2016. It was presented every year by the minister of railways, representing the ministry of railways, in the parliament. Yes, the budget imposes some new taxes and rationalises a few others. Expansion of rail capacity is one of the highlights of the 2015 15 railway budget, presented in parliament today by the minister of railways, suresh prabhu. In his address, he assessed the performance of railways in 201415 and laid out his budget proposals for 201516. Full defence budget analysis pdf you may also check what impact this budget will have in coming years.
Union budget 2015 16 impact on the real estate and infrastructure sector disclaimer. The expectations from the budget has been quite high given the fact that the statements that have been coming out of the government has been very promanufacturing and. Tax free infrastructure bonds for the projects in the rail, road and irrigation sectors. Personal indisposition or the weight of expectations of over a billion indians one read more. Live updates of union budget 201819, 201718, 201617, 2015. Union budget niti aayog and finance commission recommendations. With budget 201516, mr jaitley has reiterated the adage that rome wasnt built in a day. Indian railway budget 201516, rail budget highlights, pdf. Finance minsiter arun jaitley introduced union budget 201516. Reminiscent of the previous budget, the emphasis was on transforming. Smoking, eating out, air travel to be costlier manufacturing sector neglected.
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