Page-5 of Budget Current Affairs, GK & News
Union Finance Minister Arun Jaitley presented Union Budget 2015-16 in the Parliament. It was the first full year Budget of the NDA government under leadership of Prime Minister of Narendra Modi and the second budget of Arun Jaitley as Finance Minister. Highlights of Union Budget 2015-16 Taxation No change in the Tax slab on personal ..
Uttar Pradesh Chief Minister Akhilesh Yadav presented Rs 3.02 lakh crore annual budget of state on 24 February 2015. In annual budget state government has given main thrust on agriculture, education, power, health, roads and infrastructure development. Key facts from budget The budget also contains the fiscal deficit of 2.96% of the total GDP of ..
Union Finance Minister Mr. Arun Jaitley presented Union Budget 2014-15. The highlights: For individuals No change in the Tax slab on personal income Income tax exemption limit increased by Rs 50,000 to Rs 2.5 lakh and for senior citizens to Rs 3 lakh Exemption limit for investment in financial instruments under 80C increased to ..
Month: Current Affairs - July, 2014
Pakistan’s Defense budget has been raised to Rs700. 2 billion for the fiscal year 2014-15 starting on July 1, compared with Rs 627.2 billion provided in the last fiscal, which shows a jack up of Rs 73 billion. However, the military had demanded an increase of Rs 173 billion in defense spending. As per military ..
Month: Current Affairs - June, 2014
The Union Finance Minister Mr. P Chidambaram presented an Interim Budget for 2014-15. For the period up to June 30, 2014, Mr. Chidambaram reduced excise duty on: (a) Capital goods and consumer non-durables (falling under Chapter 84 and 85 of the Schedule to the Central Excise Tariff Act): from 12 to 10 %. (b) Small cars, ..