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News18 Budget 2019:Asian Paint
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» UNION BUDGET 2019-20

Taxing Times for Super Rich, Give-and-Take With Middle Class as First Post-Election Budget Cuts Down on Populism
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Budget timeline  

  • 1991-1995
Manmohan Singh
 
1991
Manmohan Singh
1991 ushered the era of economic liberalisation for India. Import-export policy was revamped and import duties slashed t...
Manmohan Singh
 
1992
Manmohan Singh
The Budget aimed at near full employment in a span of ten years. The ’92 Budget called for reduction in fiscal deficit...
Manmohan Singh
 
1993
Manmohan Singh
The Budget extensively discussed agricultural credit with an aim to promote rural development. "Our strategy will gradua...
Manmohan Singh
 
1994
Manmohan Singh
The 1994-95 budget witnessed service tax being introduced at the rate of 5 percent as the sector was contributing 40 per...
Manmohan Singh
 
1995
Manmohan Singh
Incentives for software exporters was slowly done away with. This was brought about to improve the ratio of taxes to GDP...
Manmohan Singh
 
1996
Manmohan Singh
The Budget revolved around 100 percent coverage of provisions for safe drinking water, 100 percent coverage of primary h...
P Chidambaram
 
1997
P Chidambaram
The 1997 Budget made tax rates moderate for individuals as well as companies. It allowed companies to adjust MAT paid in...
P Chidambaram
 
1998
P Chidambaram
Personal income tax collections increased many folds and VDIS garnered about Rs 10,000 crore. Higher disposable income i...
Yashwant Sinha
 
1999
Yashwant Sinha
Process to restore fiscal health of nation by reducing revenue and fiscal deficits was initiated. Several programmes wer...
Yashwant Sinha
 
2000
Yashwant Sinha
Incentives for software exporters slowly done away with. Transfer pricing regulations also introduced, which required tr...
Yashwant Sinha
 
2001
Yashwant Sinha
Intensification of infrastructure investment, continued reforms in the financial sector and capital markets, deepening o...
Yashwant Sinha
 
2002
Yashwant Sinha
Two percent earthquake tax abolished. A fine of Rs 10,000 announced on detection of false PAN. Multiplex theatres in non...
Jaswant Singh
 
2003
Jaswant Singh
The government introduced a new health insurance scheme in which an individual could get insurance with a premium of onl...
Jaswant Singh
 
2004
Jaswant Singh
Amid rising concerns over poverty in India, 2 crore families below the poverty line were planned to be covered under sub...
P Chidambaram
 
2005
P Chidambaram
Direct taxation was the major highlight of this Budget. Income up to Rs 1,00,000 per annum was exempted from tax. Income...
P Chidambaram
 
2006
P Chidambaram
P Chidambaram, Minister of Finance of the UPA II, for the first time set out with implementation of Goods and Services T...
P Chidambaram
 
2007
P Chidambaram
Exemption limit for women for personal tax was increased to Rs 1,45,000 and for senior citizens to Rs 1,95,000. Dividend...
P Chidambaram
 
2008
P Chidambaram
Total plan spending in 2008 was pegged at Rs 2.4 trillion, while non-plan spending was at Rs 5.07 trillion. The governme...
Pranab Mukherjee
 
2009
Pranab Mukherjee
Allocation under Jawaharlal Nehru National Urban Renewal Mission (JNNURM) was stepped up by 87 percent to Rs 12,887 cror...
Pranab Mukherjee
 
2010
Pranab Mukherjee
The Budget for financial year 2010-11 aimed to revive the agriculture sector but mentioned no incentives for organic fer...
Pranab Mukherjee
 
2011
Pranab Mukherjee
Monetary allocation for the social sector was raised by 17 percent to Rs 1,60,887 crore along with allocation for Bharat...
Pranab Mukherjee
 
2012
Pranab Mukherjee
Pranab Mukherjee increased and facilitated poor people’s access to credit. The aimed monetary target for agricultural ...
P Chidambaram
 
2013
P Chidambaram
Rs 1,000 crore was allocated for skill development of the youth. Food subsidies found an allocation of Rs 10,000 in anti...
Arun Jaitley
 
2014
Arun Jaitley
While several announcements were made pertaining to the health sector, most of them were focussed on medical education a...
Arun Jaitley
 
2015
Arun Jaitley
This was the first full-fledged Budget by the National Democratic Alliance government. However, the social sector was le...
Arun Jaitley
 
2016
Arun Jaitley
The Centre granted Rs 9,000 crore to the Swachh Bharat Abhiyan (SBA) for rural sanitation. One of the far-fetched and am...
Arun Jaitley
 
2017
Arun Jaitley
With demonetisation hitting the country three months prior to the Budget, Jaitley’s 2017 Budget was being watched by t...
Arun Jaitley
 
2018
Arun Jaitley
Budget 2018 was a step towards India's road to a high growth of over 8% with manufacturing, services and exports back on...
Piyush Goyal
 
2019
Piyush Goyal
(Interim Budget) The Interim Budget 2019-20 presented in Parliament on 1 February 2019 had a major scheme for farmers an...
Budget 2019: Key Takeaways, Highlights From Education, Rural Sector, Tax And Others

Budget 2019: Key Takeaways, Highlights From Education, Rural Sector, Tax And Others

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