Highlights of Union Budget 2011-12
February 28th, 2011 - 12:55 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:
GDP rises by 8.2 per cent for the December 2010, quarter as against 7.3 per cent in the corresponding period of the previous year
Expect average inflation to be lower next year
Have to ensure more stable macro economic environment
Budget is a transition towards transparent economy
Do not forsee resources being a major constrain in medium-termTotal food inflation down from 20.2 per cent last year to 9.3 per cent in Jan; still a matter of concern
Indian economy back to pre-crisis growth trajectory
Government has to reconcile ecological concerns with development aspirations.
Exports have grown at 29.4 per cent
Government is engaging in solving gaps in recent corporate governance
Stronger fiscal consolidation reached
Economy regained pre-crisis growth momentum
Average inflation and current account deficit to be lower and better managed next yearExpect inflation and CAD to be lower in 2011-2012
Economy to grow at 9 per cent, plus or minus 0.25 pct in 2012
GDP in FY11 estimated to have grown at 8.6 per cent in real terms
Overall economic growth expected at 8.6 per cent, agriculture growth at 5.4 per cent, industry at 8.1 per cent and services 9.3 per cent
High current account deficit a cause of concernCurrent account deficit and average inflation in 2011-12 likely to be less than current yearPublic Debt Management Agency Bill to be introduced next financial year (ANI)
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- PMEAC lowers 2012-13 GDP forecast to 6.7 percent - Aug 17, 2012
- India continues to face inflation, cause for concern: Mukherjee - Feb 28, 2011
- Downturn temporary, India will clock high growth soon: Pranab - Dec 27, 2011
- India unlikely to meet fiscal deficit target: FICCI - Aug 31, 2011
- Budget highlights 2 - Mar 16, 2012
- Low fiscal deficit will boost private investment: Mukherjee - Mar 04, 2011
- Highlights of economic review by prime minister's council - Feb 21, 2011
- Steps soon to check fiscal, curent account deficits: Chidambaram (Lead) - Jul 11, 2012
- Inflation key challenge for India as growth slows: IMF - Sep 20, 2011
- Crisil cuts India's growth forecast to 5.5 percent - Aug 07, 2012
- India will soon be back on high growth path: Chidambaram - Jul 10, 2012
- India's economic growth dips to 9-year low of 5.3 percent (Roundup) - May 31, 2012
- Inflation will remain at same level: Pranab - Apr 17, 2012
- Indian economy may grow at 8 percent in 2012-13: Rangarajan (Lead) - Feb 22, 2012
Tags: corporate governance, current account deficit, debt management, development aspirations, ecological concerns, economic environment, economic growth, fiscal consolidation, gaps, gdp, growth momentum, growth trajectory, indian economy, inflation, management agency, New Delhi, pct, previous year, union budget, union finance minister