Budget 2011
Highlights of the Budget 2011/12 NEW DELHI (Reuters) - Finance Minister Pranab Mukherjee on Monday presented to parliament India's federal budget for the coming financial year beginning in April. Following are the highlights of the budget: GROWTH, INFLATION EXPECTATIONS * Economy expected to grow at 9 percent in 2012, plus or minus 0.25 percent * Inflation seen lower in the financial year 2011-12 SPENDING * Plan expenditure seen at 4.41 trillion rupees in 2011-12, up 18.3 percent REVENUE * Gross tax receipts seen at 9.32 trillion rupees in 2011-12 * Non-tax revenue seen at 1.25 trillion rupees in 2011-12 DISINVESTMENT * Disinvestment in 2011-12 seen at 400 billion rupees POLICY REFORMS * To create infrastructure debt funds * To boost infrastructure development with tax-free bonds of 300 billion rupees * Food security bill to be introduced this year * To permit Securities and Exchange Board of India (SEBI) registered mutual funds to access subscriptions from fore...