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Scaled up flow of resources infuses dynamism in rural economy
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GDP estimated to have grown at 8.6% in 2010-11
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Exports grown by 9.6%, imports by 17.6% in April-January 2010-11 over corresponding period last year
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Indian economy expected to grow at 9% in 2011-12.
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Five-fold strategy to deal with black money. Group of Ministers to suggest ways for tackling corruption
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Public Debt Management Agency of India Bill to come up next financial year
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Direct Tax Code (DTC) to be effective from April 01, 2012
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Phased move towards direct transfer cash subsidy to BPL people for better delivery of kerosene, LPG and fertilizer mooted
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Rs. 40,000 crore to be raised through disinvestment in 2011-12
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FDI policy to be liberalized further
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SEBI registered mutual funds permitted to accept subscription from foreign investors who meet KYC requirement
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FII limit for investment in corporate bonds in infrastructure sector raised
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Additional banking license to private sector players proposed
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Rs. 6000 crore to be provided in 2011-12 for maintaining minimum Tier I Capital to Risk Weighted Asset Ratio (CRAR) of 8% in public sector banks
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Rs. 500 crore to be provided to regional rural banks to maintain 9% CRAR
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India Microfinance Equity Fund of Rs. 100 crore to be created by SIDBI
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Rs. 500 crore Women SHG Development Fund to be created
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Micro Small and Medium Enterprises MSME gets boost as Rs. 5000 crore provided to SIDBI and Rs. 3000 crore to NABARD
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Existing housing loan limit enhanced to Rs. 25 lakh for dwelling units
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Provision under Rural housing Fund enhanced to Rs. 3000 crore
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Allocation under Rashtirya Krishi Vikas yojna (RKVY) increased to Rs. 7860 crore
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Allocation of Rs. 300 crore to promote 60000 pulses villages in rainfed areas
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Rs. 300 crore vegetable initiative to achieve competitive prices
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Rs. 300 crore to promote higher production of nutri-cereals
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Rs. 300 crore to promote animal based protein
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Rs. 300 crore Accelerated Fodder Development Programme to benefit farmers in 25000 villages
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Credit flow to farmers raised from Rs. 3,75,000 crore to Rs. 4,75,000 crore
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Rs. 10,000 crore for NABARD’s Short Term Rural Credit Fund for 2011-12
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15 more mega food parks during 2011-12
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National food security bill to be introduced this year
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Capital investment in storage capacity to be eligible for viability gap funding
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23.3% increase in allocation for infrastructure
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Tax-free bonds of Rs. 30,000 crore proposed by government undertakings
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Environmental concerns relating to infrastructure projects to be considered by Group of Ministers
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National Mission for Hybrid and Electric Vehicles to be launched
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7 Mega clusters for leather products to be set up
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Allocation for social sector increased by 17% amounting to 36.4% of total plan allocation
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Bharat Nirman allocation increased by Rs. 10,000 crore
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Rural broadband connectivity to all 2.5 lakh panchayats in three years.
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Bill to amend Indian Stamp Act to introduce. Rs. 300 crore scheme for modernization stamp and registration administration
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Significant increase in remuneration of Angawadi workers and helpers
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Allocation for education increased by24%. Rs. 21,000 crore allocated for Sarv Shikshya Abhiyan registering an increase of 40%
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1500 institute of higher learning to be connected by March 2012 with Knowledge Knowledge Network.
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National Innovation Council set up. Additional Rs. 500 crore for National Skill Development Fund
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Plan allocation for health stepped up by20%
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Indira Gandhi National Old Age Pension Scheme liberalized further
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Rs. 200 crore for Green India Mission
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Rs. 200 crore for cleaning of rivers
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Rs. 8000 crore provided for development needs of J&K
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10 lakhs Aadhaar(UID) numbers to be generated everyday from 1st October
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Fiscal deficit kept at 4.6% of GDP for 2011-12
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Income Tax exemption limit for general category in individual tax payers enhanced from Rs. 1,60,000 to Rs. 1,80,000
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Qualifying age for senior citizens lowered to 60; senior citizen above 80 year to get Rs. 5,00,000 IT exemption
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Surcharge on corporate lowered to 5%
