New Delhi: Here are some of the points of Budget 2011:
* Development needs to be more inclusive
* Need to ensure more private investment
* Agriculture supply needs to ease
* Stronger fiscal consolidation needed
* Service sector continues to grow
* Taking steps to simplify tax procedures
* Corruption is a problem, we have to fight it collectively
* Government has to reconcile ecological concerns with development aspirations
* Agriculture growth at 5.4 per cent in FY 2011
* Current account deficit a concern
* Introduction of DTC, GST will improve compliance
* Economy to grow at 9 per cent, plus or minus 0.25 per cent in 2012
* Will introduce Goods and Service tax rollout (GST) bill in current Parliament session
* High current account deficit a cause of concern
* Considering new fertiliser policy for urea
* Public Debt Management Agency Bill to be introduced next financial year
* Will move to direct tax subsidy for kersoene and fertiliser
* Direct Tax Code Bill likely to be passed by Parliament next financial year after getting Standing Committee report
* FII's allowed to invest in Mutual fund schemes
* Discussions on to liberalise FDI policy
* FII investment in corporate bonds hiked to $40 billion
* RBI guidelines for banking license by year end
* Government to keep up tempo of disinvestment process
* 100 crore equity funds for microfinance companies
* Bill to allow RBI grant more banking licences
* Portfolio investment would be permitted in SEBI registered mutual funds from foreign subscriptions
* Housing loan limit raised to Rs 25 lakh for priority sector lending
* 1 per cent interest subvention on home laons upto Rs 15 lakh
* New companies' bill in current Parliament session
* Removal of supply bottlenecks in food sector in focus in 2011/12
* Economy back to pre-crisis trajectory
* Set pace for double digit growth
* Bills on insurance, pension funds, banking to be introduced
* Women's self-help development panel to be set up
* Mortgage risk guarantee fund to be created for economically weaker sections
* Rs 3000 crore to NABARD for more credit flow
* 3 per cent subsidy to farmers in FY 2012
* Increase in target credit flow to farmers
* Private investment in Agriculture investment to be increased
* 15 mega food parks to be set up
* 24 new cold storage project sanctioned
* 40 lakh tonnes storage capacity by FY 12
* Rs 6,000 cr to be given to public sector banks to maintain capital-to-risk assets ratio norms
* Rs 30,000 crore tax-free infrastructure bond for railways
* Financial assistance for ongoing metro projects
* Existing interest subvention scheme on short term farm oans at 7 per cent interest to continue
* Agriculture growth key to development: Green Revolution waiting to happen in eastern region
* Five-fold strategy on Black Money
* 10 existing double axation avoidance treaties devised
* A new scheme to be introduced for refund of service tax on lines of drawback of duties
* Increased outlay on social sector schemes
* NREGA wages to be indexed to inflation
* Rs 58,000 crore allocation for Bharat Nirman schemes
* 24 per cent increase in education outlay
* Scholarship for needy students of SC/ST for Class IX-X
* National knowledge network by March 2012
* State innovaation councils to be set up
* Rs 54 crore each for AMU centres
* Remuneration of anganwadi workers raised from Rs 1500 to Rs 3,000 per month. Helpers to get Rs 1,500 from Rs 750
* Rs 21,000 crore to Surva Shiksha Abhiyan
* Rs 10,000 crore to rural telephony
* National mission for Hybrid electric vehicles
* Relaxation in exit age for BPL pension scheme
* Special allocations for cleaning rivers other than Ganga
* Integrated development schemes for Naxal areas
* Rs nine lakh ex-gratia for disabled defence personnel
* Rs 25-30 crore to fight Naxal menace
* Budget allocation of Rs 100 crore for Ladakh and Rs 150 crore for Jammu for implementation of projects identified by task force
* Relaxation for e-filing norms for small tax payers
* GoM to deal with corruption cases of public servants
* G0M recommendations in a time-bound manner
* Healthcare budget increased by 20 per cent
* Proposal for Rs 1,000 crore fund for judicial
* Rs 300 crore to be provided as assistance to states for modernising and stamps and registration administration
* New series of coins with new Rupee symbol to be introduced
* 10 lakh new UID's per day from October 1, 2011
* Increase in tax exemption limit to Rs 1.8 lakh
* Senior citizens: Reduction in qualifying age to 60
* Corporate surcharge reduced to five per cent
* MAT increased to 18.5 per cent
* Tax sop on infrastructure bond investment extended by an year
* Fiscal deficit brought down from 5.5 per cent to 5.1 per cent in 2010-11. In 2011-12, it will be 4.6 per cent
* Total plan expenditure will go up 100 per cent in nominal terms in the next year
* Revenue deficit fixed at 2.3 per cent in revised estimates of 2010-11 and 1.8 per cent in 2011-12
* Very senior citizen category: 80 years and above
* No rollback in service tax, to stay at 10 per cent
* Minimum alternate tax raised from 18 per cent to 18.5 per cent of book profits
* Hike in Service Tax on local and international travel
* Service, excise duty to stay at 10 per cent
* No excise duty on basic food, fuel
* Peak rate of customs duty unchanged
* 10 per cent excise duty on branded garments
* Net loss from direct tax proposals estimated at Rs 11,500 crore
* Central government debt in proportion to GDP will be 44.2 per cent in 2011-12
* Standard rate of central exercise duty maintained at 10 per cent
* Cut in excise duty on hybrid fuel kits
* No new tax exemption limit for women
* Basic customs duty on raw silk reduced from 30 to 5 per cent
* Basic customs duty on agricultural machinery reduced to 4.5 per cent from 5 per cent
* Excise and customs duty proposals to result in the net gain of Rs 7,300 crore
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