* Direct tax sops to result in Rs 11,500 cr net revenue loss
* Investment-linked deductions for fertilisers and developers of affordable housing
* Low withholding tax of 5% for notified infra funds
* Foreign dividend tax rate cut to 15% for Indian companies
* Total plan expenditure will go up 100% in nominal terms in the next year
* Service tax unchanged at 10%
* Extension of investment on long-term infrastructure bonds by one more year
* Minimum alternate tax raised from 18% to 18.5% of book profits
* Rs. 20,000 exemption for investment in infra debt funds for another year
* Maintain standard rate of excise duty at 10 pct
* Threshold income tax limit raised from Rs 1.6 lakh to 1.8 lakh
* Financial Sector Legislative Reforms Commission, to be headed by former Supreme Court judge B Srikrishna, to complete its work in 24 months.
* Propose to levy MAT on developers of SEZs
* New category for 80 yrs and above, limit is Rs 5 lakh
* MAT increased to 18.5 %
* In FY12 gross tax receipts at Rs 9.32 lakh crore: FM
* Relaxation in exit age for National Pension scheme
* Anganwadi workers' salary up from Rs 1500 to Rs 3,000/mnth; helpers to get Rs 1500
* State innovations council to be set up
* Scholarship for needy SC/ST students in class 9 and class 10
* Rs. 54 cr each to AMU Centres
* Budget allocation for Defence sector at more than 1.64 trln rupees
* Allocation of Rs. 52057cr for education sector, increase of 24%
* Health sector outlay at Rs. 26760cr, increase of 20%
* Expect 10 lakh numbers to be generated per day from 1st Oct 2011 under UID
* Propose 300 crore to modernise stamp and registration in states
* Rs. 9 lakh compensation to be given to men of Defence and Central paramilitary forces for permanent disability and discharged from service
* Budget allocation of Rs. 150 cr for Jammu for implementation of projects identified by taskforce
* Rs. 8000 cr assigned for J&K for development projects
* Funds of Rs. 25 cr and 30 cr for Naxal affected areas
* Some 20 lakh Adhaar numbers given
* To speed up justice, propose a fund of RS 1000 crore to build judicial infrastructure and develop project ethos
* Rs. 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
* Rs. 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 lakh tonne storage capacity by FY12
* Infrastructure status to cold storage chains
* 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 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
* Government to introduce GST bill amendments in this session
* Union Finance Minister aims for fiscal deficit of 3% by Financial Year 2014
* 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
* Financial Year 2012 disinvestment target is Rs 40,000 crore
* Direct transfer of kerosene, LPG subsidy to BPL people
* Showing the road to a simpler future
* Food inflation down, but still a matter of concern
* Rollout of DTC to be effective from April 1, 2002
* Finance Minister expects current account deficit to come down next year
* Shri Pranab Mukherjee expects RBI measures to moderate inflation
* Union Finance Minister Shri Pranab Mukherjee begins Budget speech in Parliament
Get Updates!
Subscribe to the Scholars club email newsletter to receive updates, freebies and exclusives:==>Help us to keep SCHOLARS CLUB running?
Post a Comment
PLEASE SUBMIT YOUR VALUABLE SUGGESTIONS TO GET PUBLISHED.