Highlights of Union Budget 2011-12 (Part-IV)

February 28th, 2011 - 1:41 pm ICT by ANI  

New Delhi, Feb 28 (ANI): Union Finance Minister Pranab Minister on Monday presented the Union Budget 2011-12 in the Parliament.

Highlights of Union Budget 2011-12 are as follows:

* New Companies Bill to be introduced in current session

* A new scheme to be introduced for refund of service tax on lines of drawback of duties

* NREGA wages to be indexed to inflation

* 58,000 crore allocation for Bharat Nirman Schemes

* To bring bill to enable RBI to grant more banking licenses

* Fertiliser sector investment to get infra status

* Scholarships for needy SC/ST students of Class 9/10

* State innovation councils to be set up

* Food security bill to be introduced this year

* Allocation of Rs 52,057 crore for education sector, increase of 24 per cent

* Remuneration of anganwadi workers raised from Rs 1500 to Rs 3,000 per month

* National Knowledge Network by March 2012

* Rs 50 crore grant to Aligarh Muslim University, centres in Murshidabad in West Bengal and Malappuram in Kerala

* Rs 100 crore for development of Ladakh

* Rural broadband connectivity to be provided in three years

* Pension eligibility reduced from 65 years to 60 years

* Rs 500 pension for those above 80 years as against Rs 200 (ANI)

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