What were the objectives behind the proposals put forth in the Budget 2013-14?
Budget for 2013-14 to have one overarching goal of creating opportunities for our youth to acquire education and skills that will get them decent jobs or self-employment. Allocations for Scheduled Caste Sub Plan and Tribal Sub Plan increased substantially over the allocations of the current year.
What was the Defence budget of India in 2013?
$47.40B
India Military Spending/Defense Budget 1960-2021
| India Military Spending/Defense Budget – Historical Data | ||
|---|---|---|
| Year | Billions of US $ | % of GDP |
| 2013 | $47.40B | 2.47% |
| 2012 | $47.22B | 2.54% |
| 2011 | $49.63B | 2.65% |
What are key highlights of the 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.
Which of the following is the largest source of tax revenue in the India’s budget for 2013-14?
Corporate Tax
The correct answer is option 2, i.e. Corporate Tax. According to the Revenue Account – Receipts, released with Budget 2013-14, the Tax Revenues are as follows. As per the given data the corporate tax has the largest source of Tax Revenue.
What is budget outlay of Namamigangeprogramme when formulated in 2014?
Rs.
Government of India has launched the Namami Gange Programme in June, 2014, with the total budgetary outlay of Rs….
| Financial Year | 2014-15 |
|---|---|
| Final Allocation | 2,053.00 |
| Actual releases by Government of India | 326.00 |
| Actual Expenditure /Releases by NMCG | 170.99 |
Which one is the largest source of revenue for Indian government?
Tax is one of the major sources of revenue for the government to carry out its work. Tax revenue can be classified into a few major categories — corporation tax, tax on income, Customs, Union excise duties, service tax, and several others. Corporation tax is the biggest source of revenue for the government.
What is India’s current Defence budget?
In the current financial year 2021-22, the Narendra Modi government has allocated a budget of Rs 4,78,196 crore of defence expenditure which is 13.73 per cent of the total central government expenditure, the ministry of defence informed a parliamentary standing committee.
What are the budget 2021 highlights?
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:
Which tax is the largest source of government revenue in India?
The correct answer is Corporate Tax. Corporate tax is the single largest source of income to the government of India. According to the Budget for 2019-20 presented in Parliament by Finance Minister Nirmala Sitharaman, Goods and Services Tax collections will contribute 19 paise in every rupee revenue.
Which tax is the major source of revenue in India?
direct taxes
The major source of tax revenue in India is generated through direct taxes. Some of the common direct taxes in India are income tax, securities transaction tax, corporate income tax, banking cash transaction tax, etc.
What was the budget deficit for 2013-14 in India?
Fiscal Deficit for 2013-14 is pegged at 4.8 percent of GDP. The Revenue Deficit will be 3.3 percent for the same period. On oil and gas exploration policy, the Budget proposes to move from the present profit sharing mechanism to revenue sharing. Natural gas pricing policy will be reviewed.
What was the average growth rate of India in 2012-13?
Average annual growth rate of agriculture and allied services estimated at 3.6 per cent in 2012—13 when 250 MT foodgrains was produced Rs 27,049 crore allocation to the Agriculture Ministry in 2013—14 The target for farm credit for 2013-14 has been set at Rs. 7,00,000 crore against Rs. 5,75,000 crore during the current year.
What was the Agri credit target in 2013-14 budget?
Rs 7 lakh crore target fixed for agri credit for 2013—14 compared to Rs 5.75 lakh crore in the current year. Eastern Indian states to get Rs 1,000 crore allocation for improving agricultural production. Green revolution in east India significant. Rice output increased in Assam, Odisha, Jharkhand and West Bengal;