Who presented the budget for 2012/13 in the Parliament of India?
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?
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.
What are the components of Union Budget in India?
The Union Budget comprises Capital Budget, Revenue Budget, Expenditure Budget, and this also has the next fiscal year’s estimates. Capital Budget: The Capital Budget part of the Union Budget has accounts for capital payment and receipts which are government-related.
What are the budget highlights 2021?
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 this year budget?
As per the revised estimates, the government spent Rs 34,50,305 crore in 2020-21, 13% higher than the budget estimate. 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.
Which of the following is a highlight of the 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.
Which methodology is employed in applying zero based budgeting?
Zero-based budgeting starts from scratch, analyzing each granular need of the company, instead of incremental budgeting increases found in traditional budgeting, Essentially, this allows for a strategic, top-down approach to analyze the performance of a given project.
Which is the latest Union Budget?
The Finance Minister, Ms. Nirmala Sitharaman, introduced Budget 2021-22 on February 1, 2021, amidst the COVID-19 pandemic. 2020-21 was a non-standard year with respect to the performance of the economy and government finances.
What is the purpose of Union Budget?
The overall goal of the union budget is to achieve quick and balanced economic growth while ensuring social justice and equality.
What are the objectives of Union Budget?
The general objective of the Union Budget is to bring about a rapid and balanced economic growth of our country coupled with social justice and equality.