What is the highlights of Union Budget 2012-13?

What is the highlights of Union Budget 2012-13?

Prominent highlights of the Budget for 2012-13 presented by Finance Minister Pranab Mukherjee in the Lok Sabha on Friday: * Income tax exemption limit raised to Rs. 2 lakh to provide relief of relief of Rs. 2,000 for all assessees; 20 percent tax on income over Rs.

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.

What are the highlights of recent Union Budget?

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 is the annual Budget of India?

2021 Union budget of India

Emblem of India
Submitted 1 February 2021
Finance minister Nirmala Sitharaman
Total revenue ₹19.76 trillion (US$260 billion) (23.4%)
Total expenditures ₹34.83 trillion (US$460 billion) (1%)

What is the latest budget?

Union Budget 2021-22 Analysis

  • Expenditure: The government proposes to spend Rs 34,83,236 crore in 2021-22.
  • Receipts: The receipts (other than borrowings) are expected to be Rs 19,76,424 crore in 2021-22, which is 23% higher than the revised estimates of 2020-21.

When was this year budget announced?

(Your legal guide on estate planning, inheritance, will and more. All you need to know about ITR filing for FY 2020-21.) The budget is presented every year by the Finance Minister. This year Finance Minister Nirmala Sitharaman will introduce the fourth Budget of the Modi 2.0 government on February 1, 2022.

What was the deficit in 2012?

$1.101 trillion
2012 United States federal budget

Submitted February 14, 2011
Deficit $1.101 trillion (requested) 7.0% of GDP $1.087 trillion (actual) 6.8% of GDP (actual)
Debt $16.65 Trillion (requested) 105.3% of GDP $16.05 Trillion (actual) 100.2% of GDP
GDP $16.026 trillion
Website US Government Publishing Office

What did Pranab Mukherjee’s budget 2012-13 bring out in India?

FM Pranab Mukherjee on Friday sprung up few surprises like higher tax exemption limit for individuals, significant benefits for senior citizens, and retention of corporate tax. Mukherjee presented the Union Budget 2012-13 amidst a huge challenge of reviving economic growth.

What was the Union Budget 2012-13 all about?

Mukherjee presented the Union Budget 2012-13 amidst a huge challenge of reviving economic growth. As expected, he started his Budget speech with a lot of promise but what matters is the end. The good news though, medicine for cancer and HIV treatment goes down. Deficit is still high which is disappointing.

What is the total capital expenditure of India for 2021-22?

The total capital expenditure for the financial year 2021-22 has been stated to be Rs.5.54 lakh crore and the Year-on-Year growth rate has been estimated at around 34.5% by the finance minister.

What is the impact of budget 2020 on the stock market?

The budget which the honorable finance minister has presented for the year 2020, with the aim of boosting income and increasing the purchasing power of individuals initially got a thumbs down from the stock market as the indices tanked but later bounced back strongly recouping the losses and cheering the general sentiment.