Union Budget 2011-12: Highlights
Key proposals made by Finance Minister Pranab Mukherjee in his Budget speech in Parliament
Union Budget 2011-12
- Pranab Mukherjee arrives in Parliament; Cabinet to approve budget before day's session begins
- Finance Minister Pranab Mukherjee begins presenting the Union Budget 2011-12 speech
- FM hints at inclusive growth, indicates double-digit growth in the near future
- Pranab Mukherjee: Food inflation declined in the last year but remains a concern
- Pranab Mukherjee: Reaching the end of a remarkable fiscal year
- Pranab Mukherjee: India has returned to pre-crisis growth trajectory
- Rural economic growth helped India avoid the quagmire of a global meltdown
- The implementation gaps in the PDS is a big challenge
- All sectors show growth, service sectors growing in double digits
- Consumers denied price falls during seasonal changes
- GDP estimates grew at 8.6% in 2010; 9.6 pct in services, 5.2 % in agriculture sector
- Corruption is a problem to be fought collectively
- Weakening governance is an impression that is misplaced
- Exports grew 29 percent, imports by 17.6 percent
- FM wants RBI to make more interventions to curtail inflation
- Wholesale-retail price imbalance unacceptable. Need to improve the distribution system of food and agriculture
- GST network to be spruced up further
- Industrial growth seen at 11% in 2011-12
- GDP to grow 9% in FY 2011-12with outside band of 0.1% to 0.2%
- New bill to initiate GST, both at central and state levels
- General Sales Tax (GST) to be simplified
- Public Debt Management Institute of India to be set up soon
- Disinvestment momentum to be maintained; target set to 40,000 crores
- Implement strong IT infrastructure across states for GST
- FDI policy liberalisation being looked into
so people are not happy.
if there is a govt who means business, with total sincerity in the welfare of citizen, ruthless in demanding integrity from top to bottom, the budget would have been different?
if so how does it look?---and
also how it would look as presented by the following with existing way of their working?
- bjp/nda, or
- remote alternatives like swami ramdev, or
- mms, as an e****mist, not as pm of a upa led govt, or
- congress, with an absolute majority
- professors of business schools, or
- leaders of ind inc or
- aam aadmi himself, or
- if outsourced to a foreign agency, without terms of ref by govt.
different models must be prepared and examined to find that which would be acceptable by all. or by say 90%, or 75%, or 50%, or less than 50%
this will serve as some some guide to people and the govt-- though exercise may be an acadamic/time waster if. and it may reveal how difficult/easy it will be to command some level of acceptance.
1. What are the timelines to get back the black money slashed in tax heavens?
2. What are the plans to get-back money lost through latest scams - CWG, 2-G etc?
3. I did not see our FM doing efforts to tax the tax evaders i.e. business class, illegal land owners, some specific corporates), but reshuffling taxes between those who anyways pay it.. how mu**** the total burden per tax payer and how much will it be if the government also levy tax to the tax-evaders?
there is not a single line in this budget ****ut inflation/price con****r black money recovery issue, and please for god sake,don't give us a new story of this international integrity ****ut corruption and bla bla bla....Simply we need to see the black money here in India and the tied up thieves without their masks. don't try to spend another 250 years with the help of this new story,please.
just a few points:
a)cash subsidy through UIN may be a good idea but implementation will take donkeys years.
b)expected FDI in agricuulture. Bold agricultural reforms need to be implemented
c)This is a normal congress budget-not keeping with the times(extraordinary times call for extraordinary measures)
Given the events that we've seen in Egypt and elsewhere in recent weeks - as well as the developments we've seen in Libya in recent days - there's only one conclusion to reach.
We are right now looking at the prospect of significant and sustained instability in a region that's home to two-thirds of the world's known crude oil reserves.
The Middle East crisis - and the unsettling reality it represents - has already sent tremors through the international energy sector.
Oil prices are on the march. And this is merely the beginning.
The problems will likely get much worse.
Hon’ble FM Sir,This year budget did not have special tax measures that are needed to meet the energy crisis that are certainly going to reach the severity for the AAMM-AADMI in the coming days.