Which is a highlight of the Union Budget 2012 13?
Which is a highlight of the Union Budget 2012 13?
1) GDP growth projected at 9% level. 2) Direct Tax Bill to be introduced in 2014-15. 3) FDI in retail will be allowed from 2015. 4) Marginal increase in personal income tax limits.
What are key highlights of the budget?
Key Highlights of Union Budget 2021-22
- Health and Wellbeing.
- Physical & Financial Capital, and Infrastructure.
- Inclusive Development for Aspirational India.
- Reinvigorating Human Capital.
- Innovation and R&D.
- Minimum Government and Maximum Governance.
Who presented the Union Budget 2012 13?
Mr Pranab Mukherjee
The Union Budget for 2012-13 has been announced by Mr Pranab Mukherjee, the Union Finance Minister, in Parliament on March 16, 2012.
Which concept was introduced by the government in the Union Budget 2011 12?
The Union Budget for 2011-12 has proposed increase in the Income Tax Exemption Limit by 20000 rupees and lowering of qualifying age for tax relief for senior citizens from 65 to 60. Credit to farmers to be increased to 475000 crore rupees. Government to borrow 3.43 lakh crore rupees from the market.
What are the six pillars of budget?
Announcing the budget, Sitharaman said the Budget proposals for 2021-12 rest on six pillars including — health & well-being, physical & financial capital & infrastructure, inclusive development for aspirational India, reinvigorating human capital, innovation & R&D, Minimum Govt & Maximum Governance.
What are the highlights of 2021 budget?
Direct Tax Proposals – Budget highlights 2021
- IT relaxation for senior citizens of 75 years age and above:
- Reduction in time for IT Proceedings:
- Constitution of ‘Dispute Resolution Committee’:
- National Faceless Income Tax Appellate Tribunal Centre:
- Tax incentives to startups:
- Relaxations to NRI:
What is expenditure growth?
Price rise – higher price level compels the government to spend an increased amount on purchase of goods and services. Increase in public revenue – with the rise in public revenue government is bound to increase the public expenditure.
What are the six pillars of Budget 2021 2022?
Presenting the Union Budget for 2021-22, Finance Minister Nirmala Sitharaman said that the Budget proposals for this financial year rest on six pillars — health and well-being, physical and financial capital and infrastructure, inclusive development for aspirational India, reinvigorating human capital, innovation and …
What are the key points of Budget 2021?
This year’s Budget lays focus on the seven pillars for reviving the economy – Health and Wellbeing, Physical and Financial Capital and Infrastructure, Inclusive Development for Aspirational India, Reinvigorating Human Capital, Innovation and R&D, and Minimum Government Maximum Governance.
What are the six pillars of Budget 2021?
