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Indian Union Budget 2011-12


The Indian Union Budget 2011-12 is presented by finance minister Pranab Mukherjee on February 28, 2011. This is his sixth budget presentation.

Highlights of the Budget

Indian Union Budget 2011-12 in News

Retail Investor is the Real Winner with Rajiv Gandhi Equity Scheme, says MoneyWorks4Me.com
The Union Budget 2011-12 turned out to be a dampener in many ways – there were no major policy announcements to control fiscal deficit, nor was there any effort to achieve important economic objectives like domestic demand creation and growth in private investments. However, hiding behind the non-events and austerity measures, came a sweet surprise for the retail investors

Budget aimed at encouraging voluntary compliance: Revenue Secretary
Revenue Secretary Sunil Mitra on Thursday said that the main aim of the budget proposals for 2011-12 was to broaden the tax base, moderate tax burden and ensure voluntary compliance.

Pradeep Jain thanks FM for giving due importance to real estate sector
Commenting on the Union Budget 2011-12, Pradeep Jain, Chairman, Parsvnath Developers Limited on Monday thanked Union Finance Minister Pranab Mukherjee for giving due importance to the second largest employment generating sector of Indian Economy - real estate sector.

Union Budget 2011-12 Favourable for MSMEs: IndiaMART CEO Mr. Dinesh Agarwal
--Progress on GST commendable; look forward to speedy implementation --Appreciate allocation of Rs 5000 cr to SIDBI for refinancing incremental lending by banks to MSMEs; however, better increase was expected --Move to take rural broadband connectivity to all the 2

Rs. 1000 tariff hotels to pay service tax
Union Finance Minister Pranab Mukherjee today said that the hotel accommodation with declared tariff of over Rs. 1000 per day will have to pay the service tax with an abatement of 50 per cent.

National Food Security Bill to be introduced in Parliament
Union Finance Minister Pranab Mukherjee on Monday announced that the National Food Security Bill (NFSB) will be introduced in the Parliament during the course of this year.

Foreign Direct Investment in India to be more user friendly
Union Finance Minister Pranab Mukherjee today said that to make the Foreign Direct Investment (FDI) policy more user friendly, all prior regulations and guidelines have been consolidated into one comprehensive document, which is reviewed every six months.

International Award in memory of Rabindranath Tagore
Union Finance Minister Pranab Mukherjee today announced that an international award with a prize money of Rs. One crore will be instituted for promoting values of Universal Brotherhood in the memory of Gurudev Rabindranath Tagore.

India continues to face inflation, cause for concern: Mukherjee
Union Finance Minister Pranab Mukherjee on Monday said inflation continues to remain a concern, but exuded confidence that the monetary policy of Reserve Bank of India will lead to reduction in inflation numbers in the coming months.

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