Budget Highlights |
Personal income tax exemption limit for individual tax payers raised to Rs 1.8 lakh from Rs 1.6 lakh. |
Tax exemption limit for senior citizens increased to Rs 2.5 lakh from Rs 2.4 lakh and eligibile age for senior citizens reduced to 60 years against 65 years. |
Tax exemption limit for senior citizens over 80 years at Rs 5 lakh. No new tax exemption limits for women. |
SEZ to come under MAT. Minimum alternative tax raised to 18.5% vs 18%. |
FY11 Fiscal deficit at 5.1%, revenue deficit at 3.4% |
FY12 Divestment target at Rs 40,000 crore. |
FY11 fiscal deficit at 5.1%, FY12 deficit seen at 4.6%, FY13 fiscal deficit at 4.3%. |
Structural concerns on inflation management to be addressed by improving supply response of agriculture to the expanding domestic demand and through stronger fiscal consolidation. |
Implementation gaps, leakages from public programmes and the quality of outcomes pose a serious challenge. |
Gross Domestic Product (GDP) estimated to have grown at 8.6 per cent in 2010-11 in real terms. Economy has shown remarkable resilience. |
Monetary policy measures taken expected to further moderate inflation in coming months. |
DTC to come in force from April 2012. |
Preparations for GST rollout in final stages, bill in current session. |
FDI regulations consolidated into one comprehensive document |
FII allowed to invest in MF schemes |
FII limit in corporate bonds has been raised by $20 billion |
Govt commited to retain 51% holding in PSUs |
New companies bill to be introduced in this session |
Short term interest to farmers will continue to be at 7%. Agricultural credit limit raised to Rs 4,75,000 crore |
Metro projects in key cities will get financial aid |
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Monday, February 28, 2011
One-Minute Budget
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