Budget of Hope - India Union Budget 2011
-
Upload
abhishek-shah -
Category
News & Politics
-
view
1.376 -
download
1
description
Transcript of Budget of Hope - India Union Budget 2011
11:02 : Finance Minister Pranab mukherjee begins his speech
11:03 : Food inflation remains a concern: Pranab
11:04 : Pranab asserted that development needs to be more inclusive
11:05 : Need to ensure more private investment and Agriculture supply need to be ease
11:07 : Stronger consolidation fiscal is required: Pranab
11:08 : Pranab begins brief overwiew of economy
11:10 : Total food inflation down from 20.2 per cent last year to 9.3 per cent in January
11:10 : Pranab said that corruption remains a problem, which has to be fought collecvtively
11:11 : GDP growth at 8.6% in Fiscal Year 2011
11:11 : Agriculture Growth at 5.4% in Fiscal Year 2011
11:12 : I see Budget 2011-12 as transition towards more transparent and result-oriented economic management: Mukherjee
11:13 : Current account Deficit a concern, says FM
11:13 : Gap between the whole sale prices and retail prices is unacceptable
11:15 : Pranab in his speech sought the blessing of Lord Indra for good monsoon
11:16 : Pranab proposed Public Debt Management Bill
11:17 : GTC roll out from April 1, 2012
11:18 : Introduction of GTC, DTC will increase compliance
11:19 : A nutrition based subsidy has been set up in 2011-2012
11:20 : Current account deficit and average inflation in 2011-12 likely to be less than current year
11:20 : New policy for fertiliser urea is being considered
11:21 : Will move to direct tax subsidy for kerosene and fertiliser
11:22 : A Tax Force constituted to look into subsidy for people below poverty line
11:23 : FIIs allowed to invest in mutual fund schemes
11:22 : A Tax Force constituted to look into subsidy for people below poverty line
11:21 : Will move to direct tax subsidy for kerosene and fertiliser
11:22 : A Tax Force constituted to look into subsidy for people below poverty line
11:23 : FIIs allowed to invest in mutual fund schemes
11:25 : FII investments in corporate bonds increased to 40 bn
11:25 : RBI guidelines for banking licenses by year end
11:26 : 100 cr equity fund for micto finance companies
11:27 : Discussions on to further liberalise FDI policy
11:27 : Bill to allow RBI to grant more banking licences
11:29 : Housing loan limit increased to 25 lakh for priority sector
11:29 : Financial sector reforms to move forward; Insurance amendment bill, LIC bill and Pension Development Authority Bill in current session
11:31 : 1% interest subvention on home loans upto 15 lakhs
11:31 : New companies buill in current session of parliament
11:32 : Sensex gains by 300 points during the budget presentation
11:33 : Proposal to increase rural housing fund to Rs 3,000 crore
11:35 : Government plans to create a Women Self Help Group development fund with a corpus of Rs 500 crore
11:36 : Allocation under Rashtriya Krishi Vikas Yojana to be raised from Rs 6755 crore in the current year to Rs 7860 crore
11:38 : Rs 3000 cr for NABARD
11:40 : 3% interest subsidy to farmers
11:40 : 15 mega food parks to be introduced
11:41 : Average inflation will be lower in fiscal year 2012
11:41 : 24 new cold storage projects sanctioned
11:42 : States nust review APMS act: FM
11:43 : Infrastructure status to cold storage chains
11:43 : 40 L tonnes storage capacity by 2012
11:43 : Credit flows to farmers raised from Rs 3.75 lakh crore to Rs 4.75 lakh crores
11:44 : Promoting organic farming methods proposed
11:45 : 30, 000 cr tax free bonds for Railways
11:46 : Existing interest subvention scheme on short term farm loans at 7 % interest to continue
11:46 : NABARD capital base to be strengthened, Rs 10,000 cr to be provided to it as short term credit fund.
11:47 : Financial assistance for ongoing Metro projects
11:49 : Five fold strategy to be put into action to deal with the Black Money issue
11:51 : 10 existing double taxation avoidance treaties revised
11:52 : Bharat Nirman allocated 58,000 crore
11:53 : Proposal to introduce self-assessment of customs duty wherein importers and exporters will themselves assess payment of duty
11:55 : NREGA wages to be indexed to inflation
11:56 : 24% increase in education outlay
11:57 : scholarship sceme for sceduled caste students of class 9 and 10
11:57 : Food security bill to be introduced this year
11:58 : Rs 54 cr to each AMU centres
11:59 : Rs 20 cr for IIM Kolkata
11:59 : Rs 200 cr for Maulana Azad Medical college
12:00 : Remuneration of anganwadi workers raised from Rs 1500 to Rs 3,000 per month. Helpers to get Rs 1,500 from Rs 750
12:00 : Rs 500 cr for National Skill Development fund
12:01 : International award with prize money of Rs 1 cr in memory of Rabindra Nath Tagore
12:02 : 21, 000 cr for Sarva Sikhsha Abhiyan
12:02 : 10, 000 cr to rural telephony
12:04 : Under Indira Gandhi National Old Age scheme the pension will be granted to people above 60
12:05 : The pension amount increased for Rs 200 to Rs 500 cr
12:05 : A bank will be set up in a village of more than 2000 people
12:06 : Special allocation for cleaning up rivers other than Ganga
12:08 : Special scheme for Maoist affected area, each rea to be allocated 25-30 cr
12:09 : Integrated development schemes for Naxal affected areas
12:10 : 9 L ex-gratia payment to disabled defence personnel
12:12 : Rs 1,64,000 announced for Defence Budget
12:14 : Budget allocation of Rs 100 cr for Ladakh and Rs 150 cr for Jammu for implementation of projects identified by taskforce
12:14 : Relaxation in e filing norms of small tax payers
12:20 : Rs 300 cr to be provided as assistance to states for modernising and stamps and registration administration
12:21 : Tax recovery more than Rs 6,00000 cr
12:22 : Expences as per policy more than Rs 4, 0000 cr
12:23 : TAx Exemption Limit increased from 1,60, 000 to 1,80,000
12:24 : Corporate: The current sur charge reduced to 5%
12:24 : Corporate: The current sur charge reduced to 5%
12:29 : Fiscal defict likely to be 4.6% in Fiscal year 2012
12:30 : Exemption limit to senior citizens above 80 increased to Rs five lakhs
12:31 : Revenue deficit likely to be 3.1 % in Fiscal year 2011-2012
12:32 : No roll back in service tax, stays at 10%
12:33 : Hike in service tax in international and local travel
12:33 : Minimum alternate tax raised from 18 per cent to 18.5 per cent of book profits.
12:34 : Excise duty on more than 100 consumer products rolled back
12:36 : No excise duty on food, basic products
12:38 : Central government debt in proportion to GDP will be 44.2 per cent in 2011-12
12:38 : Net loss from direct tax proposals estimated at Rs 11,500 crore
12:40 : Peak rate of customs duty maintained at 10 per cent in view of the global economic situation.
12:38 : Net loss from direct tax proposals estimated at Rs 11,500 crore
12:40 : Peak rate of customs duty maintained at 10 per cent in view of the global economic situation.
12:41 : No new Tax exemption limit for women
12:42 : Custom duty on yarn, steel cut down
12:42 : Custom duty on yarn, steel cut down
12:44 : No change in CENVAT rates
12:45 : Iron eaxpected to turn costlier
12:46 : Basic customs duty on agricultural machinery reduced to 4.5 per cent from 5 per cent.
12:46 : Basic customs duty on raw silk reduced from 30 to 5 per cent.
12:46 : Export duty rates on iron ore unified and kept at 20 per cent ad valorem
12:48 : Excise and customs duty proposals to result in the net gain of Rs 7,300 crore
12:50 : Cheaper: Mobiles, Home Loans, Diapers, Homeopathic medicines
12:51 : Service tax widened to cover hotel accommodation above Rs 1,000 per day, A/C restaurants serving liquor, some category of hospitals, diagnostic tests
12:52 : Pranab Mukherjee wraps up the budget speech