What is the budget of India 2015?
Revenues and expenditures The Plan Expenditure for 2015-16 was set at ₹465,277 crore. The Non-Plan Expenditure was estimated at ₹1,312,200 crore, with the total being estimated at ₹1,777,477 crore. The government expects ₹1,449,490 crore as tax receipts, of which ₹523,958 crore will go to state governments.
What is the estimated fiscal deficit of India in the budget of 2016-17?
Rs 5.35 lakh crore
Government data showed on Wednesday the total expenditure at Rs 19.75 lakh crore while receipts at Rs 14.4 lakh crore, leaving a deficit of Rs 5.35 lakh crore. The deficit works out to 100.1% of the revised estimate. The revenue deficit was at 2.02% of GDP during 2016-17.
What is India’s revenue deficit during 2020-21?
The fiscal deficit of the government for 2022-23 is estimated to be Rs 16,61,196 crore. The Revised Estimate for 2021-22 indicate a fiscal deficit of Rs 15,91,089 crore as against the Budget Estimate of Rs 15,06,812 crore. The fiscal deficit for 2020-21 was 9.3 per cent of the Gross Domestic Product (GDP).
Who presented the Union Budget 2014 15?
Finance Minister Arun Jaitley
Indian Finance Minister Arun Jaitley presented the Union Budget 2014-15 today. Having covered the Economic Survey 2013-14 in our last post, in this post let us see the highlights of the first budget of Narendra Modi’s government.
Who was the finance minister in 2015 16?
The current Finance Minister of India is Nirmala Sitharaman….Minister of Finance (India)
|Minister of Finance Vitt Mantrī|
|Formation||15 August 1947|
What is the fiscal deficit of India in 2018?
2.8 As per the revised estimates for 2018-19, states’ fiscal deficit at 2.9 per cent of GDP was higher by 34 basis points than the budget estimates (BE).
What is the agenda of budget 2017-18?
Agenda for 2017-18 is: “Transform, Energise and Clean India” – TEC. Economic growth expected at 6.5 per cent in 2016-17. IMF expects India to grow at 7.2 per cent in 2017 and 7.7 per cent in 2018. CPI inflation has come down to 3.4 per cent in December 2016 from 6.0 per cent in July 2016.
What is China budget deficit?
The deficit for 2022 is projected at 3.37 trillion yuan ($530 billion), or about 2.8% of gross domestic product — roughly its ratio from 2019, according to a Ministry of Finance budget report.
Why is India’s fiscal deficit increasing?
Data shows fiscal deficit in FY21 was Rs 18.5 lakh crore as opposed to Rs 12 lakh crore in the previous Budget. However, most of this rising deficit is after the accommodation of off-budget borrowings, which are now reported as the government’s borrowings.
Who introduced first budget in independent India?
Finance Minister R K Shanmukham Chetty
Independent India’s first budget was presented on November 26, 1947 by the then Finance Minister R K Shanmukham Chetty. * LONGEST BUDGET SPEECH: Sitharaman holds the record for delivering the longest speech when she spoke for 2 hours and 42 minutes while presenting the Union Budget 2020-21 on February 1, 2020.
Who presented budget 2019?
2019 Budget Speech: Union finance minister Piyush Goyal presented the interim Budget for 2019-20 in the Lok Sabha on Friday. Finance Minister Piyush Goyal presented the interim Budget for 2019-20 in the Lok Sabha on Friday.
What is the total expenditure of Non-Plan Expenditure in India?
Non-Plan expenditure estimates for the Financial Year are estimated at Rs. 13,12,200 crore. Plan expenditure is estimated to be Rs. 4,65,277 crore, which is very near to the R.E. of 2014-15. Total Expenditure has accordingly been estimated at Rs. 17,77,477 crore.
What will be the GDP growth rate of India in 2015-16?
Gross domestic product (GDP) growth of India for 2015-16 projected between 8-8.5 per cent. Real GDP growth expected to accelerate to 7.4 per cent. CPI inflation projected at 5 per cent by the end of the year. Government firm on journey to achieve fiscal target of 3 per cent of GDP.
What is the Union Budget for 2015-16?
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 Gross domestic product (GDP) growth of India for 2015-16 projected between 8-8.5 per cent. Real GDP growth expected to accelerate to 7.4 per cent.
What is the effect of railway budget 2015-16?
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.