Just a moment...

⚠✕
❮ Top
☎ Help
☰
×

By creating an account you can:

Logo TaxTMI
>
Keyword Search :
AI Tools : New
Ask tax questions in natural language. Powered by AI trained on the TaxTMI legal database. Use AI Tools ➞
Call Us / Help / Feedback✕

Contact Us At :

✉ E-mail: [email protected]

✆ Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
╳
Add to...
You have not created any category. Kindly create one to bookmark this item!
✕
Create New Category
Hide
Title :
Description :
❮❮ Hide
❮ Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search ❯
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text ❯
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ---- ❯
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----❯
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----❯
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
RelevanceDefaultDate
❮
❯
❯❯
MaximizeMaximizeMaximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

    +

    Are you sure you want to delete "My most important" ?

    NOTE:

    Open Link
    News
    All› Budget › Budget - 2015
    Showing Results for :
    Reset Filters
    Results Found:
    Show All SummariesHide All Summaries
    March 3, 2015
    Budget proposals 2015-16 for Petroleum & Natural Gas sector
    Show AI Summary
    Subsidy rationalization keeps consumer support while restructuring fuel excise to fund infrastructure and boost energy investment.
    The Budget maintains subsidised LPG and kerosene while advancing Subsidy Rationalization via targeted transfers and voluntary surrender; it preserves total excise incidence on petrol and diesel but restructures levies to increase the additional excise component to fund infrastructure. Strategic underground crude storage caverns will be established and funded; central public sector oil and gas companies receive plan capital expenditure from internal and extra budgetary resources for sector projects. A phased corporate tax reduction and a National Investment and Infrastructure Fund with revitalised PPPs are promoted to attract investment.
    February 28, 2015
    Central Excise Notifications - General Budget 2015-16
    Show AI Summary
    Excise exemptions and tariff amendments adjust duty rates, scope of cess relief, and compliance procedures under central excise.
    Notifications revise central excise levy and exemptions: rescissions and substitutions amend prior notifications, withdraw or modify exemptions, and set new effective duty rates for specified tariff entries. Measures exempt goods from education-related cesses, provide full exemption for inputs consumed within factories for certain manufactures, adjust duty treatment for petroleum products, beverages, Pan Masala and Gutkha, and change optional duty-with-credit and without-credit regimes. Procedural changes amend Cenvat Credit Rules, packing-machine capacity and duty rules, MRP abatement entries, concessional removal rules to allow Letters of Undertaking in place of bonds, and advance ruling/registration provisions.
    February 28, 2015
    Service Tax Notifications - General Budget 2015-16
    Show AI Summary
    Service tax amendments update classifications, reverse charge and exemptions affecting exporters and registration procedures nationwide.
    The Budget package amends Service Tax notifications to specify resident firms for Advance Ruling, revise abatement entries, modify the Reverse Charge regime, update the mega exemption schedule, and broaden exporter service exemptions to include land customs stations; it also revises Service Tax Rules, rescinds a redundant notification and issues registration clarifications for single premises filings.
    February 28, 2015
    CENTRAL PLAN OUTLAY
    Show AI Summary
    Central Plan Outlay allocations outline sectoral and ministry-wise budgetary distribution and funding sources for the plan period.
    Central Plan Outlay tabulates year-on-year Actuals, Budget Estimates and Revised Estimates and presents consolidated plan totals by funding source-Budget Support and Internal and Extra-Budgetary Resources. It disaggregates the Grand Total into sectoral allocations (e.g., Energy, Transport, Social Services, Agriculture) and provides ministry- and department-level line items, with footnotes clarifying inclusion or exclusion of subcomponents such as rural housing and rural roads.
    February 28, 2015
    Self Employment and Talent Utilisation (SETU) to be Established
    Show AI Summary
    Self-employment facilitation: a techno-financial incubation programme to support startups with incubation, funding and capital access.
    The Government announced the establishment of Self Employment and Talent Utilisation (SETU), a Techno-Financial, Incubation and Facilitation Programme to support start-ups and self-employment activities-particularly technology-driven ventures-by facilitating incubation facilities, seed and growth funding, and improved access to global capital to enhance ease of doing business and promote job creation.
    February 28, 2015
    ATAL Innovation Mission (AIM) to be Set up
    Show AI Summary
    Atal Innovation Mission establishment to create a national innovation platform promoting hubs and grand challenges.
    Establishment of an Atal Innovation Mission within NITI as an Innovation Promotion Platform uniting academics, entrepreneurs and researchers to foster innovation, R&D and scientific research; promotion of a network of world-class innovation hubs and organisation of Grand Challenges for India; initial public funding allocation to support setup and early activities.
    February 28, 2015
    Corporate Tax to be Reduced and GST to be Implemented
    Show AI Summary
    Corporate tax reduction planned with phased cuts alongside exemption rationalisation; GST implementation to subsume education cesses.
    A phased corporate tax reduction is proposed alongside rationalisation and removal of exemptions to reduce disputes and broaden the tax base, with advance notice prior to implementation. Simultaneously, implementation of a Goods and Services Tax is planned to create a common market and reduce cascading taxation, and the Education Cess and Secondary and Higher Education Cess are to be subsumed into Central Excise Duty as part of the transition.
    February 28, 2015
    National Investment and Infrastructure Fund to be Set up
    Show AI Summary
    National Investment and Infrastructure Fund to mobilise long term capital, enabling the trust to raise debt and invest as equity.
    The Budget announces establishment of the National Investment and Infrastructure Fund as a trust with an annual allocation, empowering the trust to raise debt and invest as equity in infrastructure finance companies, thereby enabling those companies to leverage the injected equity to expand infrastructure financing.
    February 28, 2015
    Resources Transferred to State and U.T. Governments
    Show AI Summary
    Resource transfers to subnational governments outline composition and net transfer across tax shares, grants, loans and recoveries.
    Resource transfers to State and UT governments comprise States' share of taxes; Non Plan grants and loans; Central assistance for State and UT plans (grants and loans); and assistance for central and centrally sponsored schemes. These components sum to Total Grants & Loans, less recovery of loans and advances, to produce Net Resources transferred, which is disaggregated between State Governments and UT Governments. The statement also notes direct central releases to implementing agencies and investments from the National Small Savings Fund.
    February 28, 2015
    Investment In Infrastructure To Go Up By ₹ 70,000 Crore In Year 2015-16 Over Year 2014-15
    Show AI Summary
    Infrastructure investment increase proposed in Budget leads to higher outlays for roads, railways and PSU capex.
    An increase in central funding for infrastructure is proposed for 2015-16, comprising an additional 70,000 crore over 2014-15 from the Centre's funds and CPSE resources. The Budgetary measures earmark higher allocations for roads and augment gross budgetary support to Railways, while public sector unit capital expenditure (CPSE CAPEX) is projected to rise significantly over revised estimates for 2014-15.
    February 28, 2015
    Arun Jaitley Says Development Should be as Green as Possible
    Show AI Summary
    Public procurement law proposed to curb malfeasance and a Public Contracts disputes bill to streamline resolution.
    The government frames existing implicit carbon taxation on petroleum as internationally comparable and seeks balance on coal taxation versus power prices, launches an electric vehicle adoption and manufacturing scheme and revises renewable energy capacity targets, while proposing a public procurement law, a Public Contracts (Resolution of Disputes) Bill to streamline dispute resolution, and a Regulatory Reform Law to harmonise infrastructure regulation.
    February 28, 2015
    Expenditure
    Show AI Summary
    Debt servicing burden increases, raising interest share of revenue receipts and constraining fiscal space and allocations.
    Allocation separates Non Plan and Plan expenditure into revenue and capital components: major revenue non plan heads are interest payments, defence, subsidies, grants to states and pensions; capital non plan includes defence capital and loans. Plan expenditure distinguishes central plan and central assistance to state and UT plans across revenue and capital. Debt servicing aggregates repayment and interest payments and is compared with revenue receipts to indicate interest to receipts pressure on fiscal space.
    February 28, 2015
    Government to Launch A National Skills Mission Soon Aiims to be Launched in J&K, Punjab, Tamil Nadu, Himachal Pradesh and Assam in 2015-16
    Show AI Summary
    National Skills Mission consolidates skill training across sectors; Student Financial Aid Authority to centralize scholarships and educational loans access.
    The National Skills Mission will consolidate inter-ministerial skill initiatives and standardize procedures across 31 Sector Skill Councils, complementing rural vocational measures delivered through digital vouchers; separate vocational infrastructure projects and apprenticeship institutes are proposed for targeted States.
    February 28, 2015
    Forwards Markets Commission to be Merged with Sebi
    Show AI Summary
    Regulatory consolidation of commodity forward markets strengthens oversight by merging regulators to curb speculation and align capital flow control.
    Proposal to merge the Forwards Markets Commission into the securities regulator via enabling legislation in the Finance Bill to strengthen oversight of commodity forward markets and reduce speculation, together with a proposed amendment to foreign exchange law vesting government control over capital flows treated as equity to be exercised in consultation with the central bank.
    February 28, 2015
    8 Centrally Sponsored Schemes Delinked from Support of the Centre
    Show AI Summary
    Centre-State funding reconfiguration: select schemes fully Union funded, others delinked or shifted to revised sharing pattern.
    The Union Government reconfigures funding for Centrally Sponsored Schemes following higher tax devolution, designating 31 schemes for full Union sponsorship, 8 schemes to be delinked from Central support, and 24 schemes to operate under a revised Centre-State sharing pattern requiring increased State contributions; administrative Ministries/Departments must work out sharing details and implementation against 2015-16 plan outlays.
    February 28, 2015
    REVENUE RECEIPTS
    Show AI Summary
    Budget revenue receipts breakdown highlighting tax and non tax composition and fiscal deficit financing methods.
    Budget itemizes receipts into Tax Revenue (detailed by major tax heads and net of transfers to states and specific funds) and Non Tax Revenue (interest, dividends, grants, other receipts), yielding Total Revenue Receipts. Capital receipts are split into Non debt Receipts (loan recoveries and miscellaneous capital) and Debt Receipts (market loans, short term borrowings, external assistance, securities against small savings, provident fund and other net receipts). Total Receipts incorporate draw down of cash balances and identify financing of the fiscal deficit through debt and cash balances.
    February 28, 2015
    Five New Ultra-Mega Power Projects to be Set Up Second Unit of Kudankulam Nuclear Power Station Will be Commissioned in 2015-16
    Show AI Summary
    Plug-and-play power projects to be awarded after required clearances via transparent auction, enabling large infrastructure investment.
    The Budget announces five new plug-and-play Ultra-Mega Power Projects to be awarded after all required clearances and linkages are secured through a transparent auction system, with the model proposed for replication across other infrastructure sectors; it also records that the second unit of Kudankulam Nuclear Power Station is scheduled for commissioning in 2015-16.
    February 28, 2015
    Postal Network Spread Across the Country to be Used for Increasing Access to Formal Financial System
    Show AI Summary
    Financial institution classification expanded to bring larger NBFCs within SARFAESI recovery framework, affecting enforcement rights.
    The Budget proposes using the national postal network to establish a Payments Bank to widen access to formal financial services and support nationwide deposit-inclusion efforts; and proposes designating registered NBFCs meeting an asset-size threshold as Financial Institutions for purposes of the SARFAESI Act, thereby bringing qualifying NBFCs within statutory recovery mechanisms.
    February 28, 2015
    Universal Social Security System for all Specially the Poor and the Under-Privileged:
    Show AI Summary
    Universal social security: new insurance and pension schemes to extend life, accident and pension coverage with targeted subsidies.
    A programme of universal social security measures is announced to extend basic life, accidental and pension protections to the poor and under privileged by leveraging the Jan Dhan platform. Three principal schemes are proposed: a low cost accidental insurance plan, a defined benefit pension scheme with a temporary government co contribution incentive for new accounts, and a life insurance plan covering natural and accidental death for a nominal annual premium. A Senior Citizen Welfare Fund is proposed to appropriate unclaimed statutory savings to subsidize premiums for vulnerable groups and finance assistive devices for impoverished senior citizens.
    February 28, 2015
    BUDGET AT A GLANCE 2015-2016
    Show AI Summary
    Co-operative federalism expands state tax devolution, increasing state flexibility while shifting fiscal responsibility to states.
    Budget At a Glance 2015-2016 defines Revenue, Effective Revenue, Fiscal and Primary Deficits and sets out aggregate receipts, expenditures and borrowing needs. It emphasizes a shift to co-operative federalism with higher tax devolution to States reducing Centre fiscal space while increasing State flexibility to design and finance programmes; the Centre will continue catalytic support for national priorities. The Plan outlay is largely maintained, with increased allocations for infrastructure and social sectors, and adjustments to Centre-State sharing for several schemes, including delinking eight schemes.

    News

    All› Budget › Budget - 2015
    Back

    All News

    Showing Results for :
    Reset Filters
      No Records Found

      News

      Home› news › Budget › 2015 › February, 2015 › This
      Back

      All News

      whatsappJoin Channel
      Showing Results for : Reset Filters
      Budget

      Expenditure

      February 28, 2015

      Contents
      Summary
      Note

      Note

      -

      Bookmark

      Print

      Print

      Print Options

      Expenditure

      (In crore of Rupees)

       

       

      2013-2014

      2014-2015

      2014-2015

      2015-2016

      Actuals @

      Budget

      Revised

      Budget

       

      Estimates

      Estimates

      Estimates

      1. NON-PLAN EXPENDITURE

      A. Revenue Expenditure

      1

      Interest Payments and Prepayment Premium

      374254

      427011

      411354

      456145

      2

      Defence Services

      124374

      134412

      140405

      152139

      3

      Subsidies

      254632

      260658

      266692

      243811

      4

      Grants to State and U.T. Governments

      60551

      69936

      80258

      108552

      5

      Pensions

      74896

      81983

      81705

      88521

      6

      Police

      42095

      46390

      48112

      51791

      7

      Assistance to States from National Calamity Contigency Fund/ National Disaster Response Fund (NDRF)

      4650

      5050

      5120

      5690

      8

      Other General Services (Organs of State, tax collection, external affairs etc.)

      23761

      26401

      25804

      30936

      9

      Social Services (Education, Health, Broadcasting etc.)

      25572

      25324

      25601

      29143

      10

      Economic Services (Agriculture,Industry, Power, Transport, Communications, Science & Technology, etc.)

      24976

      26797

      27106

      28984

      11

      Postal Deficit

      5339

      6908

      6378

      6665

      12

      Expenditure of Union Territories without Legislature

      4577

      4468

      4626

      4998

      13

      Amount met from National Calamity Contigency Fund/ Contribution to National Disaster Response Fund (NDRF)

      -4650

      -5050

      -5120

      -5690

      14

      Grants to Foreign Governments

      4013

      4321

      3856

      4342

      Total Revenue Non-Plan Expenditure

      1019040

      1114609

      1121897

      1206027

      B. Capital Expenditure

      1

      Defence Services

      79125

      94588

      81965

      94588

      2

      Other Non-Plan Capital Outlay

      7430

      10039

      7771

      10582

      3

      Loans to Public Enterprises

      432

      653

      853

      954

      4

      Loans to State and U.T. Governments

      80

      83

      80

      79

      5

      Loans to Foreign Governments

      156

      158

      ...

      158

      6

      Others

      -144

      -238

      658

      -188

      Total Capital Non-Plan Expenditure

      87080

      105283

      91327

      106173

      Total Non-Plan Expenditure

      1106120

      1219892

      1213224

      1312200

      2. PLAN EXPENDITURE

      A. Revenue Expenditure

      1

      Central Plan

      252224

      128867

      102046

      139660

      2

      Central Assistance for

      100508

      324636

      264838

      190359

      State & Union Territory Plans

       

      State Plans

      96579

      318712

      259794

      184208

       

      Union Territory Plans

      3929

      5924

      5044

      6151

       

      Total Revenue Plan Expenditure

      352732

      453503

      366884

      330019

      B. Capital Expenditure

      1

      Central Plan

      88254

      107724

      87720

      120833

      2

      Central Assistance for

      12341

      13773

      13330

      14425

      State & Union Territory Plans

       

      State Plans

      11022

      12052

      11930

      12535

       

      Union Territory Plans

      1319

      1721

      1400

      1890

       

      Total Capital Plan Expenditure

      100595

      121497

      101050

      135258

       

      Total - Plan Expenditure

      453327

      575000

      467934

      465277

       

      Total Budget Support for Central Plan

      340479

      236592

      189766

      260493

       

      Total Central Assistance for State & UT Plans

      112849

      338408

      278168

      204784

       

      TOTAL EXPENDITURE *

      1559447

      1794892

      1681158

      1777477

       

      DEBT SERVICING

       

       

       

       

       

      1. Repayment of debt**

      162976

      216290

      200955

      225574

       

      2. Total Interest Payments

      374254

      427011

      411354

      456145

       

      3. Total Debt Servicing(1+2)

      537231

      643301

      612309

      681719

       

      4. Revenue Receipts

      1014724

      1189763

      1126294

      1141575

       

      5. Percentage of 2 to 4

      36.88%

      35.89%

      36.52%

      39.96%

      * Excludes expenditure matched by receipts.

      ** The figures exclude discharge of all Treasury bills, discharge of Cash Management Bills, discharge of Ways and MeansAdvances including Overdraft, repayment under MSS and all Public Account Disbursements (except discharge of Special Securities issued in lieu of Subsidies).

      Topics

      ActsIncome Tax
      Next ➔