india's union budget 2011 focuses on food, agriculture

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India' Union Bdge 2011 foce on Food, Agicle

Wien b Beaking Ne Online Team

Monda, 28 Feba 2011 13:09

Beaking Ne! Union Finance Mini e Panab Mkhejee peened he Union Bdge 2011 in Lok Sabha oda. Panab

foced on Agicle and Podcion, hile he alo annonced op fo he fame.

The apae did no ge mch benefi, a he Finance Minie inceaed

he a eempion l imi fom R 1.6 lakh o R 1.8 lakh - a hike of j R

20,000. Thee ill be no ne a eempion lim i fo omen. Hoee, he

annonced enhanced a eempion fo he enio ciien.

The enio ciien hae been diided ino o caegoie - 60 and aboe (i

a 65 ealie), 80 and aboe. While he eempion l imi fo he enio

ciien of 60 ea and aboe il l be R 2.5 lakh, he e enio ciien of

80 ea and aboe ill be gien a a eempion of R 5 lakh.

The ICDS (Inegaed Child Deelopmen Scheme) oke and helpe

hae eaon o celebae. The monhl ala of ICDS Woke ha beeninceaed fom R 1,500 o R 3,000 pe monh. The helpe ill ge R

1,500 pe monh inead of R 750 pe monh.

Special aenion a gien o Agicle, Food, Inface, Edcaion and Healh. The goenmen ied o come p

ih mea e o boo he agicle podcion in he con and gie bigge benefi o he fame .

Panab Mkhejee diappoined he aele b annoncing an inceae in eice a on domeic and inenaional ai

ael.

Highligh of Union Bdge 2011:

Viion:

1. Food Inflaion a 20.2% in Feba 2011, hich i a big concen

2. Agicle ppl need o eae

3. Songe fical conol idaion needed

4. Need o ene moe piae inemen

5. Deelopmen need o be moe inclie

6. Copion i a big poblem, need o figh i ogehe

7. Taking ep o implif a pocede

8. Indian econom back o pe-cii goh ajeco

9. Agicle Goh a 5.4% in FY 2011

10. Seice eco conine o go

11. Rie in Food pice big concen

12. Gap beeen holeale and eail pice naccepable

13. Cen accon defici a big concen

14. Wan Lod Inda' bleing fo good monoon

15. Inodcion of DTC, GST ill impoe compliance

16. DTC o be olled o on Apil 1, 2012

17. GST Bill o be inodced in he cen Paliamen e ion

18. Ne Companie' Bill in cen eion of he Paliamen





Growth Rates:

1. A 2012

2. GDP 8.2%

3. GDP 8.6% FY 2011

4. I 8.1%

5. S 9.6%

6. F 4.8%

7. E G 8.75% - 9.25% FY 2012

8. F 3% FY 2014

Planning:

1. C - U

2. FY12 D R 40,000

3. W , LPG

4. P G S

5. FII M F S

6. FII $40

7. L FDI

8. RBI -

9. R 100

Housing:

1. P H L R 25 R 20

2. 1% R 15

3. S H L

Agriculture/Food Production:

1. R 300 D

2. S

3. 3% FY2012

4. 15

5. I

6. R 5,000 SIDBI

7. R 3,000 NABARD -

8. B

9. R 4.75

10. P

11. 40 FY 2012

12. 24

13. I

14. N F S B P

15. R 6,000 --

16. T R 201.5 - 2011-12 R 3 60,000

Railwas:





1. R 30,000 coe a-fee inface bond fo Raila

2. Finance a iance o ongoing meo pojec

3. Thid Phae of Delhi Meo o be olled o

Black Mone:

1. 5-fold pogamme o deal ih black mone menace

2. 10 eiing doble aaion aoidance eaie deied

3. ED enghen le o bing back black mone

Rural Development:

1. Bhaa Niman Pojec - R 58,000 coe fo all ocial cheme

2. NREAGA age o be indeed o inflaion

3. Ral Boadband connecii o be poided o all panchaa in hee ea

4. R 10,000 coe fo al elephon

5. ICDS Woke' ala hiked fom R 1500 o R 3000

6. ICDS Helpe ' ala hiked fom R 750 o R 1500

7. Relaaion in ei age fo BPL penion cheme

8. Women Self Help Gop deelopmen fnd ih a cop of R 500 coe

9. Old Age Penion fo 80+ people inceaed o R 500 fom R 200

Education:

1. 24% inceae in Edcaion Ola

2. Toal Edcaion Allocaion - R 52.057 coe

3. Scholahip cheme fo need SC/ST den of Cla 9/10 (40 lakh den)

4. Naional Knoledge Neok b Mach 2012

5. R 50 coe each o all Aligah Ml im Uniei (AMU) cene in We Bengal and Keala

6. Saa Sikha Abhian - 40% inceae - R 21,000 coe

7. IIT Khaagp o ge R 100 coe

8. Animal Science Uniei o e p in Keala

9. Pie Mone of R 1 coe fo Unieal Bohehood in mem o of Tagoe

10. R 21,000 coe fo Lieac Miion

Infrastructure Development:

1. Inface pending o be p b 23%

2. To ceae infa ce deb fnd

3. Naional Miion fo Hbid Elecic Vehicle

4. Special allocaion of R 200 coe fo cleaning p all lake and ie ohe han Ganga

5. Special deelopmen fnd of R 100 coe each fo Ladakh and Jamm

6. Naional Sikh Deelopmen Fnd - R 500 coe

7. R 30 coe fo each ibal diic in he con

8. R 200 coe o lanch Enionmenal Remediaion

9. R 500 coe fo Naional Deelopmen Fnd

10. Addiional R 8,000 coe fo deelopmen in Jamm & Kahmi 11. Penion eligibili cieia nde India Gandhi Old Age Scheme loeed

12. Acion Plan fo Tibal di ic o cb Maoi menace

13. R 8,000 coe fo Noh-Eaen Sae (Special Noh Ea Deelopmen Fnd)





Shae TeetTeet

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14. 10 lakh UID cad o be gien pe da fom Ocobe 2011

15. I-T Cenal Poce ing Cene o come p Manea, Pne, Kolkaa

16. R 9 lakh fo 100% diabled people in paa-milia foce

17. Defence Allocaion - R 1.64 lakh coe

18. Depamen of Jice - R 3,000 coe

19. Healh Seco - R 26,060 coe - a hike of 20%

Budget Estimates:

1. Go Ta Receip: R 9,32,440 coe

2. Non-Ta Reene Receip: R 1,25,435 coe

3. Toal Ependie: R 12,57,729 coe

4. Fical Defici: 4.6% of GDP fo 2011-12

Taation/Stamps/Duties:

1. Bill o amend he Indian Samp Ac oon

2. E-Samping o be made mandao fo all legal need - in all diic of he con

3. SUGAM Ta Fom fo Tapae

4. Some caegoie of alaied emploee need no file I-T Ren

5. I-T Eempion Limi fo Men and Women inceaed fom R 1.6 lakh o R 1.8 lakh

6. I-T Eempion Limi fo Senio Ciien (60 ea and aboe) - R 2.5 lakh

7. I-T Eempion Limi fo Ve Senio Ciien (80 ea and aboe) - R 5 lakh

8. Copoae Schage edced o 5% fom 7.5%

9. MAT inceaed fom 18% o 18.5%

10. Seice Ta and Ecie D o a a 10%

11. Bae Ecie D hiked o 5%

12. Raie eice a on Ai Tael (domeic + inenaional)

13. No Ecie D on Food and Fel

14. Peak ae of Com D nchanged

15. 10% Ecie d on banded gamen

16. Diec Ta op o el in R 11,500 coe eene lo

17. Ta op on infa ce bond eended b a ea

18. Com d on an, eel edced

19. Ecie d inceaed b 1% oe 130 Podc

Products to be Impacted b Budget:

Cheaper: Soap, Cemen, Agicle Machine, Hbid Ca, Bae-n Vehicle, Silk, Mobile Phone, Pine, Pape

Podc, Sola Podc, LED, Fidge, Incene Sick, Homeopah Medicine, and Sainle eel.

Costlier: Hoel Sa, Teamen in AC Piae Hopial, Banded Gamen, Ion, Banded Gold Jeel, Compe, Lapop,

and CD.

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La Updaed on Teda, 01 Mach 2011 11:35

india's union budget 2011 focuses on food, agriculture

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