What concept was introduced by government in the Union Budget 2011 12?
The Union Budget for 2011-12 has proposed increase in the Income Tax Exemption Limit by 20000 rupees and lowering of qualifying age for tax relief for senior citizens from 65 to 60. Credit to farmers to be increased to 475000 crore rupees. Government to borrow 3.43 lakh crore rupees from the market.
Who presented budget in 2011?
Finance minister Pranab Mukherjee
NEW DELHI: Finance minister Pranab Mukherjee on Monday presented to Parliament India’s budget for the coming financial year beginning in April. *For senior citizens, the qualifying age reduced to 60 years and exemption limit raised to Rs 2.50 lakh.
What was the budget in 2010 to 11?
BUDGET ESTIMATES 2010-11 ∎ The total expenditure proposed in the Budget Estimates is Rs. 11,08,749 crore, which is an increase of 8.6 per cent over last year.
What is the financial budget of India?
2020 Union budget of India
| Annual Financial Statement of the Central Government for the year 2020–21 The Finance Bill, 2020 | |
|---|---|
| Party | Bharatiya Janata Party |
| Finance minister | Nirmala Sitharaman |
| Total revenue | ₹30.83 trillion (US$400 billion) (8.5%) |
| Total expenditures | ₹35.09 trillion (US$460 billion) (28.4%) |
What was the federal budget in the fiscal year 2012?
2012 United States federal budget
| Submitted | February 14, 2011 |
|---|---|
| Total expenditures | $3.729 trillion (requested) $3.537 trillion (actual) 22.1% of GDP (actual) |
| Deficit | $1.101 trillion (requested) 7.0% of GDP $1.087 trillion (actual) 6.8% of GDP (actual) |
What is the current government budget?
The federal budget for the 2020 fiscal year was set at $4.79 trillion.
What was the deficit in 2011?
The Federal Budget Deficit for 2011—$1.3 Trillion | Congressional Budget Office.
What was the deficit in 2012?
$1.101 trillion
2012 United States federal budget
| Submitted | February 14, 2011 |
|---|---|
| Deficit | $1.101 trillion (requested) 7.0% of GDP $1.087 trillion (actual) 6.8% of GDP (actual) |
| Debt | $16.65 Trillion (requested) 105.3% of GDP $16.05 Trillion (actual) 100.2% of GDP |
| GDP | $16.026 trillion |
| Website | US Government Publishing Office |
Who passed the Union Budget?
On 1 February 2021, Finance Minister Nirmala Sitharaman presented the first paperless budget. This was done due to the ongoing COVID-19 pandemic in India.
What is the budget of China?
Comparison with other countries
| Country/Region | Official budget (2014) | IHS Inc. (2013) |
|---|---|---|
| China | $131 billion | $113.2 billion |
| Russia | $69.3 billion | $68.9 billion |
| United Kingdom | $56.9 billion | $58.9 billion |
| Japan | $47 billion | $56.8 billion |