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Pranab Mukherjee presents Union Budget 2011 BUDGET 2011 HIGHLIGHTS

Posted on 28 February 2011   Print Print |  E-mail

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58000 cr allocation for Bharat Nirman schemes
Increased outlay on social sector outlay
10 existing double taxation avoidance treaties revised
5-fold strategy on black money
15 mega food parks to be set up
Jodhpur to be included for handicraft sector development
Delhi metro phase 3 to be taken up
Mortgage risk guarantee fund to be created for economically weaker sections
Financial assistance to ongoing metro projects
30000 crore tax-free infrastructure bonds to Railways
3000 cr to NABARD for more credit flow
Increase in target credit flow to farmers
States must review APMC Act
Banks have been asked to increase lending to farmers
40 L tonne storage capacity by FY12
Infrastructure status to cold storage chains
3% interest subsidy to farmers in FY12
24 new cold storage projects sanctioned
Private investment in agro processing to be increased
Discussions on to further liberalise FDI policy
1% interest subvention for home loans up to Rs 15 lakh
100 cr equity funds for micro finance companies
Housing loan limit raised from 20 lakh to 25 lakh for priority sector lending
Bill to allow RBI to grant more banking licenses
FII investment in corporate bonds hiked to 40 bn USD
RBI guidelines for banking licenses by year-end
Propose to form Women self help group development fund
Economic growth rate expected at 8.75% to 9.25% in FY12
Will introduce GST Bill in current Parliament session
GST rollout from April 1, 2012
FY12 divestment target Rs 40,000 crore
Will move to direct tax subsidy for fertiliser and kerosene
Considering new fertilizer policy for urea
Industrial growth seen at 8.1 percent, agriculture at 5.4 percent
Introduction of DTC, GST will improve compliance
Industrial growth seen at 8.1%
Average inflation to be low by 2012
Gap between wholesale and retail price unacceptable
Want Lord Indra’s blessings for good monsoon
Current account deficit a concern
Indian economy back to pre-crisis growth trajectory
Taking steps to simplify tax procedure
GDP growth at 8.6% this year
Cabinet approves Union Budget 2011
GDP rises by 8.2 per cent for December, 2010
Corruption is a problem, that we have to fight collectively
Agriculture supply needs to eased
Development needs to be more inclusive
Food inflation down from 20.2% last year to 9.3% in Jan; still remains a concern
Pranab Mukherjee begins Budget speech
Markets up ahead of Union Budget 2011
FIIs likely to play it safe till Budget announced: Experts
FIIs likely to play it safe till Budget announced: Experts
Scheme for micro housing likely
Finmin may approve 9.5% interest on PF by March-end: Kharge
Budget wishlist: Lower tax rates, end to price rise
Delhi Metro Phase-III launch to be announced in Budget
Budget session to take on 32 bills
‘Tax slabs likely to be raised’
Budget likely to cater to populist pressure despite deficit
Pranab may dole out tax sops to salaried class, farmers
FM likely to raise IT exemption limit to Rs 2 lakh: tax experts
Mukherjee’s budget speech to be 80th in India’s history

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