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The 2012 Union budget of India was presented by the Finance Minister Pranab Mukherjee on March 16, 2012. [1] References
The Union Budget of India for 2012–2013 was presented by Pranab Mukherjee, on 16 March 2012, which was the 7th budget of his career. These budgetary proposals would be applicable for financial year 1 April 2012 to 31 March 2013. The Union Budget of India for 2013–2014 was presented by P. Chidambaram on 28 February 2013.
Indian Rail Budget 2012–13 presented by Rail Minister Dinesh Trivedi. 16 March: Union Budget for 2012–13 is presented by Finance Minister Pranab Mukherjee. [13] 18 March: Dinesh Trivedi steps down as Railways Minister after pressure from TMC. [14] 21 March: Soumitra Chatterjee selected for Dadasaheb Phalke award for 2011.
The Government of India exercises its executive authority through a number of government ministries or departments of state. A ministry is composed of employed officials, known as civil servants, and is politically accountable through a minister . Most major ministries are headed by a Cabinet Minister, who sits in the Union Council of Ministers ...
Budget 2012 revamped the taxation provisions for services by introducing a new system of taxation of services in India. In the new system all services, except those specified in the negative list, are subject to taxation. Earlier, the levy of service tax was based on positive list—specified 119 taxable services. [7]
[10] 10 flagship schemes were allocated ₹ 1.5 lakh crore (equivalent to ₹ 1.7 trillion or US$19 billion in 2023) in the 2021 Union budget of India. [10] The subsidy for kerosene, started in the 1950s, was slowly decreased since 2009 and eliminated in 2022. [11] [12] [13]
The government plans to cut its fiscal deficit to 4.9% of gross domestic product in 2024-25, below the 5.1% figure in February's interim budget. It reduced its gross market borrowing marginally to ...
0–9. 1997 Union budget of India; 2009 Union budget of India; 2010 Union budget of India; 2011 Union budget of India; 2012 Union budget of India; 2013 Union budget of India