Highlights of Union Budget 2011-12 (Part-IV)

NEW DELHI - 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)