2011-12 Budget Highlights

Highlights of the Budget for 2011-12 proposed by Finance minister Pranab Mukherjee

• Credit flow for farmers raised from Rs. 3.75 lakh to 4.75 lakh
• Allocation for infrastructure raised by 23.2% to Rs. 2.14 crore rupees
• Allocation for education up by 24% to 52 crore rupees
• Substantial increase in alocation for Defence by 11.6% to Rs. 1,64,415 crore
• Exemption limit for individual tax payers raised from Rs.1.6 lakh to 1.8 lakh giving uniform tax limit of Rs.2000/-
• Exemption for senior citizens raised from 2.4 lakh rupees to 2.5 lakh rupees and for very senior citizens at 5 lakh rupees.

Budget favors towards green technologies.

• Basic custom duty on solar lanterns reduced from 10% to 5 %.
• Concessional excise duty of 10% to the vehicles based on fuel cell technology.
• For LED lights the excise duty reduced to 5% and special counter vailing duty being fully exempted.