Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Budget 2011: Pranab focuses on social sector    </title>
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Union Finance Minister Pranab Mukherjee presented Budget 2011-12 in Parliament on Monday promising to stimulate growth and bring down inflation. Admitting that food inflation remains a matter of concern, Pranab said that the economy could have performed better. He said..."/>
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Union Finance Minister Pranab Mukherjee presented Budget 2011-12 in Parliament on Monday promising to stimulate growth and bring down inflation. Admitting that food inflation remains a matter of concern, Pranab said that the economy could have performed better. He said..." />
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                            <br /><div align="justify">Union Finance Minister Pranab Mukherjee presented Budget 2011-12 in Parliament on Monday promising to stimulate growth and bring down inflation. Admitting that food inflation remains a matter of concern, Pranab said that the economy could have performed better. He said that the development needs to be more inclusive while announcing increased outlay on social sector schemes.<br /><br />&quot;Total food inflation is down from 20.2 per cent last year to 9.3 per cent in January. But it is still a matter of concern,&quot; said the Finance Minister. He said that the gap between retail prices and wholesale prices was unacceptable. &quot;Government's principle concern is high food prices. Food prices were high for cereals as there was a spurt in prices of onions and milk,&quot; he said.<br /><br />&quot;Corruption is a problem. We have to fight it collectively,&quot; he said while referring to the numerous corruption scandals that have to come to light in recent months.<br /><br />&quot;The agriculture growth is at 5.4 per cent in Financial Year 2011. I see Budget 2011-12 as transition towards more transparent and result-oriented economic management,&quot; he said.<br /><br />Announcing that steps are being taken to simplify tax procedures, he hoped that introduction of Direct Tax Code (DTC), Goods and Services Tax (GST) will improve compliance.<br /><br />&quot;We will introduce Goods and Services Tax Bill in current Parliament session,&quot; he said.<br /><br />The Direct Tax Code Bill is likely to be passed by Parliament in next financial year after getting the Standing Committee report.<br /><br />The Government will also move towards direct cash transfer of cash<br /><br />subsidy as regards kerosene, LPG and fertilisers from March 2012 in view of large diversion.<br /><br /><strong><em>Latest updates:<br /></em></strong><br />Growth in 2010 has been broad based<br /><br />Fiscal consolidation has been impressive<br /><br />Food inflation still remains a concern<br /><br />Have to ensure more stable macro economic environment<br /><br />Need to improve supply response in agri sector<br /><br />Budget is a transition towards transparent economy<br /><br />Economy back to pre crisis growth trajectory<br /><br />FY12 budget to be a transition towards more transparent administration<br /><br />Do not forsee resources being a major constrain in medium-term<br /><br />Corruption is a problem; need to fight it collectively<br /><br />Govt is engaging in solving gaps in recent corporate governance<br /><br />This year's budget is a transition to a more transparent system<br /><br />Reaching the end of a remarkable fiscal year<br /><br />Have been deeply conscious about improving governance<br /><br />Indian economy expected to grow at 9 per cent in FY12<br /><br />Economy regained pre-crisis growth momentum<br /><br />Expect inflation and CAD to be lower in 2011-2012<br /><br />Average inflation and current account deficit to be lower and better managed next year<br /><br />Economic growth seen at 8.75-9.25 per cent in FY12<br /><br />GDP in FY11 estimated to have grown at 8.6 per cent in real terms<br /><br />Government to keep up tempo of disinvestment process<br /><br />FII investment in corporate bonds hiked to $40 billion<br /><br />Rs 100 crore equity funds for microfinance companies<br /><br />Bill to allow RBI grant more banking licences<br /><br />Portfolio investment would be permitted in SEBI registered mutual funds from foreign subscriptions<br /><br />Housing loan limit raised to Rs 25 lakh for priority sector lending<br /><br />1 per cent interest subvention on home loans upto Rs 15 lakh<br /><br />New Companies' Bill in current Parliament session.<br /><br />Bills on insurance, pension funds, banking to be introduced<br /><br />Women's self-help development panel to be set up<br /><br />Mortgage risk guarantee fund to be created for economically weaker sections<br /><br />Removal of supply bottlenecks in food sector in focus in 2011/12<br /><br />Economy back to pre-crisis trajectory<br /><br />Set pace for double digit growth<br /><br />Bills on insurance, pension funds, banking to be introduced<br /><br />Women's self-help development panel to be set up<br /><br />Mortgage risk guarantee fund to be created for economically weaker sections<br /><br />Rs 3000 crore to NABARD for more credit flow<br /><br />3 per cent subsidy to farmers in FY 2012<br /><br />Increase in target flow to farmers<br /><br />15 mega food parks to be set up<br /><br />24 new cold storage project sanctioned<br /><br />Infrastructure status to cold storage sanctions<br /><br />Rs 6,000 crore to be given to public sector banks to maintain capital-to-risk assets ratio norms<br /><br />Financial assistance to ongoing metro projects<br /><br />Existing interest subvention scheme on short term farm oans at 7 per cent interest to continue<br /><br />Agriculture growth key to development: Green Revolution waiting to happen in eastern region<br /><br />Five-fold strategy on Black Money<br /><br />Tax free bonds of Rs 30,000 crore to be issued for infrastructure development This will cover Warehousing Corporation, NHAI, IRFC and HUDCO<br /><br />10 existing double taxation avoidance treaties devised<br /><br />Increased outlay on social sector schemes<br /><br />Remuneration of anganwadi workers raised from Rs 1500 to Rs 3,000 per month; helpers to get Rs 1,500 from Rs 750<br /><br />Rs 21,000 crore to Surva Shiksha Abhiyan<br /><br />Rs 10,000 crore to rural telephony<br /><br />Scholarship for needy students of SC/ST for Class IX-X<br /><br />State innovation councils to be set up<br /><br />Rs 50 crore grant to Aligarh Muslim University centres in Murshidabad in West Bengal and Malappuram in Kerala<br /><br />Mukherjee joined an elite group of finance ministers including Prime Minister Manmohan Singh who have made six budget speeches. The Budget comes at a time when the Congress-led United Progressive Alliance Government has been accused of turning a blind eye to corruption and doing little to control spiralling inflation.</div>                                                           
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    <br><a href="http://ibnlive.in.com/news/growth-vs-inflation-pranab-begins-budget-speech/144626-7.html" class="re" target="_blank">IBN, 28 February, 2011, http://ibnlive.in.com/news/growth-vs-inflation-pranab-begins-budget-speech/144626-7.html</a><div class="clear"></div>
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Union Finance Minister Pranab Mukherjee presented Budget 2011-12 in Parliament on Monday promising to stimulate growth and bring down inflation. Admitting that food inflation remains a matter of concern, Pranab said that the economy could have performed better. He said..."/>
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Union Finance Minister Pranab Mukherjee presented Budget 2011-12 in Parliament on Monday promising to stimulate growth and bring down inflation. Admitting that food inflation remains a matter of concern, Pranab said that the economy could have performed better. He said..." />
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    <h1 class="cat-box-title">Budget 2011: Pranab focuses on social sector</h1>
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		 Published on</span><span class="text-date"> Feb 28, 2011</span>
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                            <br /><div align="justify">Union Finance Minister Pranab Mukherjee presented Budget 2011-12 in Parliament on Monday promising to stimulate growth and bring down inflation. Admitting that food inflation remains a matter of concern, Pranab said that the economy could have performed better. He said that the development needs to be more inclusive while announcing increased outlay on social sector schemes.<br /><br />&quot;Total food inflation is down from 20.2 per cent last year to 9.3 per cent in January. But it is still a matter of concern,&quot; said the Finance Minister. He said that the gap between retail prices and wholesale prices was unacceptable. &quot;Government's principle concern is high food prices. Food prices were high for cereals as there was a spurt in prices of onions and milk,&quot; he said.<br /><br />&quot;Corruption is a problem. We have to fight it collectively,&quot; he said while referring to the numerous corruption scandals that have to come to light in recent months.<br /><br />&quot;The agriculture growth is at 5.4 per cent in Financial Year 2011. I see Budget 2011-12 as transition towards more transparent and result-oriented economic management,&quot; he said.<br /><br />Announcing that steps are being taken to simplify tax procedures, he hoped that introduction of Direct Tax Code (DTC), Goods and Services Tax (GST) will improve compliance.<br /><br />&quot;We will introduce Goods and Services Tax Bill in current Parliament session,&quot; he said.<br /><br />The Direct Tax Code Bill is likely to be passed by Parliament in next financial year after getting the Standing Committee report.<br /><br />The Government will also move towards direct cash transfer of cash<br /><br />subsidy as regards kerosene, LPG and fertilisers from March 2012 in view of large diversion.<br /><br /><strong><em>Latest updates:<br /></em></strong><br />Growth in 2010 has been broad based<br /><br />Fiscal consolidation has been impressive<br /><br />Food inflation still remains a concern<br /><br />Have to ensure more stable macro economic environment<br /><br />Need to improve supply response in agri sector<br /><br />Budget is a transition towards transparent economy<br /><br />Economy back to pre crisis growth trajectory<br /><br />FY12 budget to be a transition towards more transparent administration<br /><br />Do not forsee resources being a major constrain in medium-term<br /><br />Corruption is a problem; need to fight it collectively<br /><br />Govt is engaging in solving gaps in recent corporate governance<br /><br />This year's budget is a transition to a more transparent system<br /><br />Reaching the end of a remarkable fiscal year<br /><br />Have been deeply conscious about improving governance<br /><br />Indian economy expected to grow at 9 per cent in FY12<br /><br />Economy regained pre-crisis growth momentum<br /><br />Expect inflation and CAD to be lower in 2011-2012<br /><br />Average inflation and current account deficit to be lower and better managed next year<br /><br />Economic growth seen at 8.75-9.25 per cent in FY12<br /><br />GDP in FY11 estimated to have grown at 8.6 per cent in real terms<br /><br />Government to keep up tempo of disinvestment process<br /><br />FII investment in corporate bonds hiked to $40 billion<br /><br />Rs 100 crore equity funds for microfinance companies<br /><br />Bill to allow RBI grant more banking licences<br /><br />Portfolio investment would be permitted in SEBI registered mutual funds from foreign subscriptions<br /><br />Housing loan limit raised to Rs 25 lakh for priority sector lending<br /><br />1 per cent interest subvention on home loans upto Rs 15 lakh<br /><br />New Companies' Bill in current Parliament session.<br /><br />Bills on insurance, pension funds, banking to be introduced<br /><br />Women's self-help development panel to be set up<br /><br />Mortgage risk guarantee fund to be created for economically weaker sections<br /><br />Removal of supply bottlenecks in food sector in focus in 2011/12<br /><br />Economy back to pre-crisis trajectory<br /><br />Set pace for double digit growth<br /><br />Bills on insurance, pension funds, banking to be introduced<br /><br />Women's self-help development panel to be set up<br /><br />Mortgage risk guarantee fund to be created for economically weaker sections<br /><br />Rs 3000 crore to NABARD for more credit flow<br /><br />3 per cent subsidy to farmers in FY 2012<br /><br />Increase in target flow to farmers<br /><br />15 mega food parks to be set up<br /><br />24 new cold storage project sanctioned<br /><br />Infrastructure status to cold storage sanctions<br /><br />Rs 6,000 crore to be given to public sector banks to maintain capital-to-risk assets ratio norms<br /><br />Financial assistance to ongoing metro projects<br /><br />Existing interest subvention scheme on short term farm oans at 7 per cent interest to continue<br /><br />Agriculture growth key to development: Green Revolution waiting to happen in eastern region<br /><br />Five-fold strategy on Black Money<br /><br />Tax free bonds of Rs 30,000 crore to be issued for infrastructure development This will cover Warehousing Corporation, NHAI, IRFC and HUDCO<br /><br />10 existing double taxation avoidance treaties devised<br /><br />Increased outlay on social sector schemes<br /><br />Remuneration of anganwadi workers raised from Rs 1500 to Rs 3,000 per month; helpers to get Rs 1,500 from Rs 750<br /><br />Rs 21,000 crore to Surva Shiksha Abhiyan<br /><br />Rs 10,000 crore to rural telephony<br /><br />Scholarship for needy students of SC/ST for Class IX-X<br /><br />State innovation councils to be set up<br /><br />Rs 50 crore grant to Aligarh Muslim University centres in Murshidabad in West Bengal and Malappuram in Kerala<br /><br />Mukherjee joined an elite group of finance ministers including Prime Minister Manmohan Singh who have made six budget speeches. The Budget comes at a time when the Congress-led United Progressive Alliance Government has been accused of turning a blind eye to corruption and doing little to control spiralling inflation.</div>                                                           
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    <br><a href="http://ibnlive.in.com/news/growth-vs-inflation-pranab-begins-budget-speech/144626-7.html" class="re" target="_blank">IBN, 28 February, 2011, http://ibnlive.in.com/news/growth-vs-inflation-pranab-begins-budget-speech/144626-7.html</a><div class="clear"></div>
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        LATEST NEWS UPDATES | Budget 2011: Pranab focuses on social sector    </title>
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Union Finance Minister Pranab Mukherjee presented Budget 2011-12 in Parliament on Monday promising to stimulate growth and bring down inflation. Admitting that food inflation remains a matter of concern, Pranab said that the economy could have performed better. He said..."/>
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Union Finance Minister Pranab Mukherjee presented Budget 2011-12 in Parliament on Monday promising to stimulate growth and bring down inflation. Admitting that food inflation remains a matter of concern, Pranab said that the economy could have performed better. He said..." />
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    <h1 class="cat-box-title">Budget 2011: Pranab focuses on social sector</h1>
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                            <br /><div align="justify">Union Finance Minister Pranab Mukherjee presented Budget 2011-12 in Parliament on Monday promising to stimulate growth and bring down inflation. Admitting that food inflation remains a matter of concern, Pranab said that the economy could have performed better. He said that the development needs to be more inclusive while announcing increased outlay on social sector schemes.<br /><br />&quot;Total food inflation is down from 20.2 per cent last year to 9.3 per cent in January. But it is still a matter of concern,&quot; said the Finance Minister. He said that the gap between retail prices and wholesale prices was unacceptable. &quot;Government's principle concern is high food prices. Food prices were high for cereals as there was a spurt in prices of onions and milk,&quot; he said.<br /><br />&quot;Corruption is a problem. We have to fight it collectively,&quot; he said while referring to the numerous corruption scandals that have to come to light in recent months.<br /><br />&quot;The agriculture growth is at 5.4 per cent in Financial Year 2011. I see Budget 2011-12 as transition towards more transparent and result-oriented economic management,&quot; he said.<br /><br />Announcing that steps are being taken to simplify tax procedures, he hoped that introduction of Direct Tax Code (DTC), Goods and Services Tax (GST) will improve compliance.<br /><br />&quot;We will introduce Goods and Services Tax Bill in current Parliament session,&quot; he said.<br /><br />The Direct Tax Code Bill is likely to be passed by Parliament in next financial year after getting the Standing Committee report.<br /><br />The Government will also move towards direct cash transfer of cash<br /><br />subsidy as regards kerosene, LPG and fertilisers from March 2012 in view of large diversion.<br /><br /><strong><em>Latest updates:<br /></em></strong><br />Growth in 2010 has been broad based<br /><br />Fiscal consolidation has been impressive<br /><br />Food inflation still remains a concern<br /><br />Have to ensure more stable macro economic environment<br /><br />Need to improve supply response in agri sector<br /><br />Budget is a transition towards transparent economy<br /><br />Economy back to pre crisis growth trajectory<br /><br />FY12 budget to be a transition towards more transparent administration<br /><br />Do not forsee resources being a major constrain in medium-term<br /><br />Corruption is a problem; need to fight it collectively<br /><br />Govt is engaging in solving gaps in recent corporate governance<br /><br />This year's budget is a transition to a more transparent system<br /><br />Reaching the end of a remarkable fiscal year<br /><br />Have been deeply conscious about improving governance<br /><br />Indian economy expected to grow at 9 per cent in FY12<br /><br />Economy regained pre-crisis growth momentum<br /><br />Expect inflation and CAD to be lower in 2011-2012<br /><br />Average inflation and current account deficit to be lower and better managed next year<br /><br />Economic growth seen at 8.75-9.25 per cent in FY12<br /><br />GDP in FY11 estimated to have grown at 8.6 per cent in real terms<br /><br />Government to keep up tempo of disinvestment process<br /><br />FII investment in corporate bonds hiked to $40 billion<br /><br />Rs 100 crore equity funds for microfinance companies<br /><br />Bill to allow RBI grant more banking licences<br /><br />Portfolio investment would be permitted in SEBI registered mutual funds from foreign subscriptions<br /><br />Housing loan limit raised to Rs 25 lakh for priority sector lending<br /><br />1 per cent interest subvention on home loans upto Rs 15 lakh<br /><br />New Companies' Bill in current Parliament session.<br /><br />Bills on insurance, pension funds, banking to be introduced<br /><br />Women's self-help development panel to be set up<br /><br />Mortgage risk guarantee fund to be created for economically weaker sections<br /><br />Removal of supply bottlenecks in food sector in focus in 2011/12<br /><br />Economy back to pre-crisis trajectory<br /><br />Set pace for double digit growth<br /><br />Bills on insurance, pension funds, banking to be introduced<br /><br />Women's self-help development panel to be set up<br /><br />Mortgage risk guarantee fund to be created for economically weaker sections<br /><br />Rs 3000 crore to NABARD for more credit flow<br /><br />3 per cent subsidy to farmers in FY 2012<br /><br />Increase in target flow to farmers<br /><br />15 mega food parks to be set up<br /><br />24 new cold storage project sanctioned<br /><br />Infrastructure status to cold storage sanctions<br /><br />Rs 6,000 crore to be given to public sector banks to maintain capital-to-risk assets ratio norms<br /><br />Financial assistance to ongoing metro projects<br /><br />Existing interest subvention scheme on short term farm oans at 7 per cent interest to continue<br /><br />Agriculture growth key to development: Green Revolution waiting to happen in eastern region<br /><br />Five-fold strategy on Black Money<br /><br />Tax free bonds of Rs 30,000 crore to be issued for infrastructure development This will cover Warehousing Corporation, NHAI, IRFC and HUDCO<br /><br />10 existing double taxation avoidance treaties devised<br /><br />Increased outlay on social sector schemes<br /><br />Remuneration of anganwadi workers raised from Rs 1500 to Rs 3,000 per month; helpers to get Rs 1,500 from Rs 750<br /><br />Rs 21,000 crore to Surva Shiksha Abhiyan<br /><br />Rs 10,000 crore to rural telephony<br /><br />Scholarship for needy students of SC/ST for Class IX-X<br /><br />State innovation councils to be set up<br /><br />Rs 50 crore grant to Aligarh Muslim University centres in Murshidabad in West Bengal and Malappuram in Kerala<br /><br />Mukherjee joined an elite group of finance ministers including Prime Minister Manmohan Singh who have made six budget speeches. The Budget comes at a time when the Congress-led United Progressive Alliance Government has been accused of turning a blind eye to corruption and doing little to control spiralling inflation.</div>                                                           
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    <br><a href="http://ibnlive.in.com/news/growth-vs-inflation-pranab-begins-budget-speech/144626-7.html" class="re" target="_blank">IBN, 28 February, 2011, http://ibnlive.in.com/news/growth-vs-inflation-pranab-begins-budget-speech/144626-7.html</a><div class="clear"></div>
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Home हिन्दी

Budget 2011: Pranab focuses on social sector

Published on Feb 28, 2011   Modified on Feb 28, 2011

Union Finance Minister Pranab Mukherjee presented Budget 2011-12 in Parliament on Monday promising to stimulate growth and bring down inflation. Admitting that food inflation remains a matter of concern, Pranab said that the economy could have performed better. He said that the development needs to be more inclusive while announcing increased outlay on social sector schemes. "Total food inflation is down from 20.2 per cent last year to 9.3 per cent in January. But it is still a matter of concern," said the Finance Minister. He said that the gap between retail prices and wholesale prices was unacceptable. "Government's principle concern is high food prices. Food prices were high for cereals as there was a spurt in prices of onions and milk," he said. "Corruption is a problem. We have to fight it collectively," he said while referring to the numerous corruption scandals that have to come to light in recent months. "The agriculture growth is at 5.4 per cent in Financial Year 2011. I see Budget 2011-12 as transition towards more transparent and result-oriented economic management," he said. Announcing that steps are being taken to simplify tax procedures, he hoped that introduction of Direct Tax Code (DTC), Goods and Services Tax (GST) will improve compliance. "We will introduce Goods and Services Tax Bill in current Parliament session," he said. The Direct Tax Code Bill is likely to be passed by Parliament in next financial year after getting the Standing Committee report. The Government will also move towards direct cash transfer of cash subsidy as regards kerosene, LPG and fertilisers from March 2012 in view of large diversion. Latest updates: Growth in 2010 has been broad based Fiscal consolidation has been impressive Food inflation still remains a concern Have to ensure more stable macro economic environment Need to improve supply response in agri sector Budget is a transition towards transparent economy Economy back to pre crisis growth trajectory FY12 budget to be a transition towards more transparent administration Do not forsee resources being a major constrain in medium-term Corruption is a problem; need to fight it collectively Govt is engaging in solving gaps in recent corporate governance This year's budget is a transition to a more transparent system Reaching the end of a remarkable fiscal year Have been deeply conscious about improving governance Indian economy expected to grow at 9 per cent in FY12 Economy regained pre-crisis growth momentum Expect inflation and CAD to be lower in 2011-2012 Average inflation and current account deficit to be lower and better managed next year Economic growth seen at 8.75-9.25 per cent in FY12 GDP in FY11 estimated to have grown at 8.6 per cent in real terms Government to keep up tempo of disinvestment process FII investment in corporate bonds hiked to $40 billion Rs 100 crore equity funds for microfinance companies Bill to allow RBI grant more banking licences Portfolio investment would be permitted in SEBI registered mutual funds from foreign subscriptions Housing loan limit raised to Rs 25 lakh for priority sector lending 1 per cent interest subvention on home loans upto Rs 15 lakh New Companies' Bill in current Parliament session. Bills on insurance, pension funds, banking to be introduced Women's self-help development panel to be set up Mortgage risk guarantee fund to be created for economically weaker sections Removal of supply bottlenecks in food sector in focus in 2011/12 Economy back to pre-crisis trajectory Set pace for double digit growth Bills on insurance, pension funds, banking to be introduced Women's self-help development panel to be set up Mortgage risk guarantee fund to be created for economically weaker sections Rs 3000 crore to NABARD for more credit flow 3 per cent subsidy to farmers in FY 2012 Increase in target flow to farmers 15 mega food parks to be set up 24 new cold storage project sanctioned Infrastructure status to cold storage sanctions Rs 6,000 crore to be given to public sector banks to maintain capital-to-risk assets ratio norms Financial assistance to ongoing metro projects Existing interest subvention scheme on short term farm oans at 7 per cent interest to continue Agriculture growth key to development: Green Revolution waiting to happen in eastern region Five-fold strategy on Black Money Tax free bonds of Rs 30,000 crore to be issued for infrastructure development This will cover Warehousing Corporation, NHAI, IRFC and HUDCO 10 existing double taxation avoidance treaties devised Increased outlay on social sector schemes Remuneration of anganwadi workers raised from Rs 1500 to Rs 3,000 per month; helpers to get Rs 1,500 from Rs 750 Rs 21,000 crore to Surva Shiksha Abhiyan Rs 10,000 crore to rural telephony Scholarship for needy students of SC/ST for Class IX-X State innovation councils to be set up Rs 50 crore grant to Aligarh Muslim University centres in Murshidabad in West Bengal and Malappuram in Kerala Mukherjee joined an elite group of finance ministers including Prime Minister Manmohan Singh who have made six budget speeches. The Budget comes at a time when the Congress-led United Progressive Alliance Government has been accused of turning a blind eye to corruption and doing little to control spiralling inflation.

IBN, 28 February, 2011, http://ibnlive.in.com/news/growth-vs-inflation-pranab-begins-budget-speech/144626-7.html

Tagged with: rural development

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