Budget 2012 highlights fiscal discipline for a stable. Major highlights of union budget 2012, indian new budget 2012, budget highlights 201220, budget features, budget news, budget notifications, major changes in budget 2012, budget documents, 2012 budget, budget speech, india budget 201220. For the second year in a row, the approved budget relies on midyear trigger cuts to make the plan financeable if revenues fail to meet estimates. Union budget 201415 india, indian union budget 201415. This budget proposes that 70% of the new homes bonus received excluding the affordable housing premium will be built into the base budget to support existing services and new housing built in the district. The focus is on identifying important resource issues relating to the agencys key functional. What were the main highlights of the indian budget 2012. Highlights of the revenue proposals in the 2012 budget relevant to aat examination paper 5 principles of taxation dr dora lee introduction on 1 february 2012, the financial secretary, john tsang chunwah, made his fifth budget speech, this one for the financial year 2012. Budget 2012 highlights business news times of india. For the most part these are increases generated by such things as. Highlights of the union budget 2012 growth prospects 1 gdp growth is expected to be 7. 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.
2 agriculture and services continuing to perform well, indias slowdown. I have already outlined my priorities and strategy about. For 2012, 25,555 crore provided for rtessa representing an increase of 21. Union budget 201516 india presented by mr arun jaitley, union minister for finance, government of india, in parliament on february 28, 2015. Receipts in 2012 total revenue receipts are estimated to be rs. The budget 2012, being the first year of the 12th five year plan, highlights the governments strategy for future investment, fiscal.
A repetition of prior years pathway earlier today, the financial secretary of the hksar government, mr. The piechart below summarizes the categories of expenditures in the 2012 adopted budget. Ahead of the presentation, prime minister manmohan singh and senior cabinet colleagues had cleared the proposals in a short meeting inside parliament house. This budget summary of the riverview school district 201220 budgets is part of a continuing effort to provide meaningful financial and budgetary information to the general public. Railways gets rs 65,837 crore, budget focus on publicprivate partnership. It is only through growth that we can achieve increase in per capita income. Highlights of union budget 20112012 times of india. Highlights of the revenue proposals in the 2012 budget. Based on a projected buoyancy in nontax revenue and indirect taxes the nominal growth rate of gdp is expected to be 14% for 2012. Budget highlights pennsylvania association of school. Diesel component factory at dankuni has commenced trial production and would be fully commissioned in 2012.
In november 2011 cabinet approved for consultation parking fees and charges 2012 and a separate report fees and charges 2012. With a few exceptions the budget consists of continuation and slight expansion of existing programs. Given the performance of revenues and expenditures for the first three quarters of 2011, the overall budget balance showed a deficit of gh. Rae bareli coach factory manufactured 10 coaches in 201112. The budget will be financed from 94% of our own resources and 6% as grant from centre.
Contents paragraphs introduction 1 10 economic performance and prospects 11 economic performance 12 27. The 2012 budget speech by the financial secretary, the hon john c tsang moving the second reading of the appropriation bill 2012 wednesday, 1 february 2012. Trends in consolidated fund services cfs item 200910. Highlights of union budget 2012 union budget 2012 at a glance. To help tackle youth unemployment, a wage subsidy for young people. Union budget 201516 india, indian union budget 201516. Retains team approach with a new schedule at the middle school level. Union budget 2012 16 march 2012 finance minister pranab mukherjee friday began presenting his budget for 2012 amid noisy protests from opposition benches in. They include growth recovery driven by domestic demand, focus on growth in private investment.
Budget statement 2012 i about this budget paper purpose and scope budget paper no. Victoria faces challenges a high australian dollar, weaker global and national economic conditions and a substantial reduction in gst and. Mukul sangma chief minister ic finance monday the 19th march, 2012 mr. The indian fiscal year ify 2012 budget increases ministry of agriculture authority by 19 percent for spending on agricultural support to inr 176. National government net loan debt is projected to rise from r526 billion at the end of 200809 to r1. It identified five key objectives to be addressed effectively. Highlights of the 2012 budget theme infrastructural development for accelerated growth and job creation page 7 overall budget balance and financing 21. The main highlights of union budget 201220 are presented on this page. Introduction budget 2014 will play a big role in laying a firm. Operational cost increases usually represent the largest increase in the expenditure budget. It is our sincere intent to provide an effective tool for greater citizen involvement in the districts budget process. The budget assumes that the total income from the charges set out in these reports will be achieved. The council has been making a concerted effort to reduce its reliance on investment income.
They know that a decade of sound fiscal management has given the government of british columbia seven successive credit rating upgrades taking us to our current triplea rating the highest possible. An employment tax incentive to support young work seekers and personal income tax relief of r7 billion are among the highlights of the 20 budget, tabled by. Highlights of the railway budget 2012 focus and long. Following are some of the key highlights of the union budget 2012, presented by finance minister pranab mukherjee in the parliament on friday. Aiming at 78 per cent gross domestic product gdp growth in 34 years. Budget highlights since taking office,governor wolf has proposed balanced budgets that fund education and. The national picture as it emerged in the union budget is not encouraging. Sustains breadth and depth of core course offerings at greeley. Listed below are the important factors that drive the budget and the types of estimates that we are using. Highlights of budget 201220 individuals the maximum marginal rate for natural persons remains at 40% and is reached where taxable income exceeds r617 000 previously r580 000 the minimum rate of tax remains at 18% on taxable income not exceeding r160 000 previously r150 000.