Highlights of Union Budget 2011-12 (Part-IV)
February 28th, 2011 - 1:41 pm ICT by ANINew 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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