Today, Finance Minister - Pranab Mukherjee presented India’s Union Budget 2011-12. There are highlights of Union Budget 2011:
Direct tax code from 1st April, 2012
Expected growth from 8.75% to 9.25% in FY12
Amendment in constitution for GST
Cash subsidy for Kerosene and LPG
Discussion on liberalize to FDI policy
RBI guidelines for banking license by year-end
FIIs allowed to invest in mutual fund schemes
Bill to RBI to grant more banking license
100 cr. equity funds for microfinance companies
Housing loan limit raised to 25 lac for priority sector lending
1% interest subvention on home loan upto 15 lac
Will move to direct tax subsidy for fertilizer and Kerosene
New companies’ bill in current session of parliament
3000 cr. to NABARD for more credit flow
3% interest subsidy to farmers
24 new cold storage projects sanctioned
States must review APMC act
30,000 cr. tax-free infrastructure bonds for Rlys
Financial assistance for ongoing metro projects
5-fold strategy on black money
58,000 cr. allocation for Bharat Nirman schemes
24% increase in education outlay
Scholarship for needy SC/ST students of class 9/10
National knowledge network by March 2012
State innovation council to be setup
54 cr. each to AMU centers
Anganwari workers’ salary ups from 1500 to 3000
21,000 cr. to Sarv Siksha Abhiyan
10,000 cr. to rural telephony
Education sectors allocated 52,000 cr. FY12
Reduction in exit age for BPL pension scheme
Special allocation for leaning up rivers other than Ganga
Integrated development schemes for Naxal areas
9 lac ex-gratia payment for disabled defense personal
25-30 cr to fight Naxal menace
Relaxation in e-filling norms for small tax payers
1,000 cr for judicial infrastructure
To raise service tax on air travel
15 mega food parks to be set up
Income tax exemption to 1,80,000 from 1,60,000
Women are not benefited by the Tax slabs
You can compare Union Budget 2011 from Union Budget 2010. Is Union Budget 2011-12 really cool for common man? Will it control on inflation?
Direct tax code from 1st April, 2012
Expected growth from 8.75% to 9.25% in FY12
Amendment in constitution for GST
Cash subsidy for Kerosene and LPG
Discussion on liberalize to FDI policy
RBI guidelines for banking license by year-end
FIIs allowed to invest in mutual fund schemes
Bill to RBI to grant more banking license
100 cr. equity funds for microfinance companies
Housing loan limit raised to 25 lac for priority sector lending
1% interest subvention on home loan upto 15 lac
Will move to direct tax subsidy for fertilizer and Kerosene
New companies’ bill in current session of parliament
3000 cr. to NABARD for more credit flow
3% interest subsidy to farmers
24 new cold storage projects sanctioned
States must review APMC act
30,000 cr. tax-free infrastructure bonds for Rlys
Financial assistance for ongoing metro projects
5-fold strategy on black money
58,000 cr. allocation for Bharat Nirman schemes
24% increase in education outlay
Scholarship for needy SC/ST students of class 9/10
National knowledge network by March 2012
State innovation council to be setup
54 cr. each to AMU centers
Anganwari workers’ salary ups from 1500 to 3000
21,000 cr. to Sarv Siksha Abhiyan
10,000 cr. to rural telephony
Education sectors allocated 52,000 cr. FY12
Reduction in exit age for BPL pension scheme
Special allocation for leaning up rivers other than Ganga
Integrated development schemes for Naxal areas
9 lac ex-gratia payment for disabled defense personal
25-30 cr to fight Naxal menace
Relaxation in e-filling norms for small tax payers
1,000 cr for judicial infrastructure
To raise service tax on air travel
15 mega food parks to be set up
Income tax exemption to 1,80,000 from 1,60,000
Women are not benefited by the Tax slabs
You can compare Union Budget 2011 from Union Budget 2010. Is Union Budget 2011-12 really cool for common man? Will it control on inflation?
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