Budget 2011 – For

PRESENTED BY:
MADHUMITHA ANAVARATHAM
FORAM RAICHURA
DHWANI PATEL
KHUSH KOTHARI
 Objective

9% growth rate

Infrastructure development
 Budget highlights

Fiscal deficit at 4.6%

Increase in education spending to Rs. 52.057 crores
(24%↑)
Senior citizens defined as 60 years of age from the
earlier 65 years
Super-senior citizens (new category) of above 80
years getting Rs. 5 lakh of exemption
 Agriculture

Plans announced to boost farm production

Farm credit raised from Rs. 375000 crore to Rs.
475000 crore
15 mega food parks to be constructed in addition to
15 already under construction
Rs. 300 crore for 60,000 hectares under palm oil
plantation
 Banking

Capital infusion of Rs. 6000 crore in PSU banks and

Rs. 500 crore in regional rural banks
Tax-free infra bonds of Rs. 30000 crore to be issued
by government undertakings
Increase in total limit available to FII for investment
in corporate bonds to US $40bn
Rs. 3000 crore to be provided to NABARD to
provide support to handloom weaver cooperative
societies
 Infrastructure

Rs. 214000 crore allotted to infrastructure (23.3%↑)

FII limit for investment in infra corporate bonds
raised from US $20bn to US $25bn
FII permitted to trade in unlisted bonds with a lock-
in period of three years
construction equipments exempted from customs
duty
 Capital Goods

Exemption from taxes for new start-ups for 3 years

Full exemption from excise duty to air-conditioning

equipment and refrigeration panels for cold chain
infrastructure.
 Power

Extension of tax exemption under 80-IA for power

generation companies till FY2012

Parallel excise duty exemption for the domestic

suppliers manufacturing capital goods needed for
expansion of existing mega or ultra-mega power
projects
 Black Money Control

Enforcement Directorate (ED) strengthens rules to

bring back black money
5-fold programme to deal with black money menace
 Joining global crusade against black money
 Creating an appropriate legislative framework
 Setting up institutions to deal with illicit funds
 Developing systems for implementation
 Imparting skills to manpower for effective actions
Thank You