What was the budget in 2013?

During 2013-14, BE of total expenditure of 16,65,297crore and of Plan Expenditure at 5,55,322 crore.

What was the largest part of the federal budget in 2013?

Individual income taxes: 8.4% Corporation income taxes: 8.2% Social insurance (mainly payroll) taxes: 6.6% Total tax revenues: 7.6%

Who introduced first budget in independent India?

Finance Minister R K Shanmukham Chetty
Independent India’s first budget was presented on November 26, 1947 by the then Finance Minister R K Shanmukham Chetty. * LONGEST BUDGET SPEECH: Sitharaman holds the record for delivering the longest speech when she spoke for 2 hours and 42 minutes while presenting the Union Budget 2020-21 on February 1, 2020.

What was the GDP of India in 2013-14?

` 113.55 lakh crore
II ESTIMATES OF GDP AT MARKET PRICES, 2013-14 GDP at current market price is estimated at ` 113.55 lakh crore in the year 2013-14 (` 113.20 lakh crore in advance estimates) as against ` 101.13 lakh crore in the year 2012-13 showing an increase of 12.3 per cent.

What was the objective behind the proposal put forth in the Budget 2013 to 14?

In the government of India’s budget for the year 2013-14, the Finance Minister proposed to raise the Goods and Services Tax (GST) on cigarettes. He also proposed to increase income tax on individual earning more than Rupee one crore per annum.

Which department has the smallest budget?

The Department of Commerce
The Department of Commerce has the smallest budget of any Cabinet department, with direct obligations of $8 billion in fiscal year 2012.

Who is the founder of budget?

The Budget was first introduced in India on April 7, 1860, when Scottish economist and politician James Wilson from the East India Company presented it to the British Crown. Independent India’s first budget was presented on November 26, 1947 by the then Finance Minister RK Shanmukham Chetty.

What is the richest government in the world?

  1. United States. 2020 Nominal GDP in Current U.S. Dollars: $20.89 trillion.
  2. China. 2020 Nominal GDP in Current U.S. Dollars: $14.72 trillion.
  3. Japan. 2020 Nominal GDP in Current U.S. Dollars: $5.06 trillion.
  4. Germany. 2020 Nominal GDP in Current U.S. Dollars: $3.85 trillion.
  5. United Kingdom.
  6. India.
  7. France.
  8. Italy.