10. Lower than estimates; positive for bond markets. Budget 2011 like the India England One-day result A TIE BETWEEN GROWTH & INFLATION BUT NOBODY WINS!!!
11.
12. Exemption limit raised to Rs 1.8 lakh from Rs 1.6 lakh; with inflation at over 10% , hardly any increase in real terms.
13. Exemption limit for senior citizens - raised to Rs 2.5 lakh from Rs 2.4 lakh.
14. Age to qualify as “senior citizen” reduced to 60 from 65.
52. Legal reforms promised for years, but no political support for the passage of laws.Mere announcements; will the Government be able to walk the talk?
74. Boost to low cost housing through favourable financing.Not much for the aam aadmi; unless if the delivery mechanism starts functioning. May induce some consumption, with marginally higher budgetary allocations.
82. Total farm credit given to farmers till September – Rs. 194,392 crore
83. Period of repayment of loan extended by 6 months
84.
85.
86. Govt. will look to include urea in nutrient based subsidy.
87. Basic customs duty reduced from 5% to 2.5% for agricultural machinery; Positive for organizations such as IFFCO.
88. To increase fertilizer production and cold storage production capacity in the country, infrastructure status granted for capital investment in fertilizer production and for cold chains and post-harvest storage facility.
89.
90. An increase in interest rate subvention from 2% to 3%, if loan is repaid on time. It will bring down effective interest rate to 4%. But at the same time, there are no provisions for drought relief.
91.
92. Why farm loan limit through Kisan credit card remains same, ie Rs. 300,000 despite inflation being around 10%?
93. While additional interest subvention is welcome, however, if the farmer delays loan repayment even by 1 day (after six months grace period), he has to pay double interest, ie 14%.
94. In Budget speech, FM endorsed that soilfertility has decreased through the use of chemical fertilizers. He proposed steps to increase organic agriculture in the country. But in the same speech, he talked about giving subsidy to chemical fertilizers and exemption from tax for any investment in chemical fertilizer sector.
95. In India, more than 60% farmland irrigated by rain water. Sufficient steps have not been taken to ameliorate the situation.
96. One funny but good argument given by a Kisan – While a car loan is cheaper than a tractor loan…… he has nothing to do with the car on his farm. Mildly positive for Agriculture but negative for Kisan.
101. A revised Centrally Sponsored Scheme “Vocationalisation of Secondary Education” to improve the employability of youth.
102. Special emphasis on areas such as Skill Development and the National Knowledge Network that is critical for India to be a global leader in the 21stcentury.
103. National Knowledge Network initiative shows the government’s preference to reach quality education to the students irrespective of their geographical location.
104. With the increase in the Sarva Shiksha Abhiyan budget by 40% to Rs 21,000 crore, there should be a much larger role for the private sector in K-12 and Teacher Training space built around the PPP (public private partnership) model.
105.
106. Govt. has not given any emphasis on private sector participation.
107.
108. Excise duty on LED reduced to 5% but the change in taxes on LED unlikely to affect the end consumer much.
109.
110. There was also a demand for tax concessions to animation, gaming and VFX, which is a booming segment.
111.
112.
113.
114. No provision for the Food Security Bill (estimated provision required Rs 11,000 crore – Rs 15,000 crore, if the Bill goes through).
115.
116. Reduction of duties on petro products; negative for Oil Marketing Companies.