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Budget
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On
February
28, 2011
Finance
minister
Pranab
Mukherjee
on Monday
presented
to
Parliament
India's
budget for
the coming
financial
year
beginning
in April.
Some
inputs on
Highlights
are
linked:
TAXES
SUBSIDIES
FISCAL
DEFICIT,
SPENDING ,
REVENUE
GROWTH,
INFLATION
EXPECTATIONS;
DISINVESTMENT
BORROWING,
POLICY
REFORMS
SECTOR
SPENDING
AGRICULTURE
ON THE
STATE OF
THE
ECONOMY
ON
GOVERNANCE
*
"Certain
events in
the past few
months may
have created
an
impression
of drift in
governance
and a gap in
public
accountability
... such an
impression
is
misplaced."
* Corruption
is a
problem,
must fight
it
collectively
Misc
*Govt to
move towards
direct
transfer of
cash subsidy
for
kerosene,
LPG and
fertilisers.
*Financial
Sector
Legislative
Reforms
Commission,
to be headed
by former
Supreme
Court judge
B Srikrishna,
to complete
its work in
24 months;
to overhaul
financial
regulations.
* Five-fold
strategy
against
black money;
13 new
double
taxation
avoidance
agreements;
foreign tax
division of
CTBT
strengthened;
strength of
Enforcement
Directorate
increased
three-fold.
* Bill to be
introduced
to review
Indian Stamp
Act.
* New coins
carrying new
rupee symbol
to be
issued.
* Anganwadi
workers
salary
raised from
Rs.1,500 to
Rs.3,000.
* Mortgage
risk
guarantee
fund to be
created for
economically
weaker
sections.
* Housing
loan limit
for priority
sector
lending
raised to
Rs.25 lakh.
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