BUDGET DOCUMENTS Key to Budget Documents Budget Highlights (Key Features) Budget Speech Budget at a Glance Annual Financial Statement Finance Bill Memorandum Receipt Budget Expenditure Budget Customs & Central Excise The Macro Economic Framework Statement The Medium Term Fiscal Policy Statement The Fiscal Policy Strategy Statement Statement of Revenue Foregone Implementation of Budget Announcements    DETAILED BUDGET HIGHLIGHTS Highlights of Union Budget 2011-12    SECTORS Pressure mounts on Pranab to roll back ‘sick’ tax Apparel industry shuts shop to protest excise duty levy Petrol prices may be raised, with no budgetary relief in duties IT industry disappointed over withdrawal of sops Budget will push up healthcare costs: experts Export duty hike on low-grade Goan ore ‘unfair’ Budget 2011-12 Impact: Sectors that lost/gained the most Sensex rises on euphoria; pares gains to close 131 points higher Defence gets a 11% booster shot Government to raise Rs.40,000 crore through disinvestment Fresh focus on hybrid, electric vehicles: Pranab Education concessions for scheduled castes, tribes FM focuses on farm sector; cuts interest rate on loans Housing sector gets a boost Mukherjee raises FII limits for infrastructure investments      REACTIONS Garment makers launch stir against Pranab’s excise hike Broadens the tax base, ensures fiscal discipline: Minakshi Batra, India Director, IDA Ireland Cannot see any negatives: Adi Godrej, chairman, Godrej Group Brilliant job of balancing the challenges: Y C Deveshwar, chairman, ITC Limited Commendable: Narayan S A, Director, Kotak Securities Impact on Banking: Soujanya P, manager, banking sector, CARE Additional resources for energy access needed: Pashupathy Gopalan, managing director, SunEdison Energy India Pvt Ltd Creates eco-system for growth: Anirban Roy, managing director, SEED Financial Services    COMMENT Balancing growth, inflation, fiscal deficit a challenge in fiscal year shead: S&P Funds for social schemes seem to be vanishing Confidently targetting all-round growth Reflects unstated confidence Enhanced GDP growth to boost social sector Encouraging efforts to maintain fiscal deficit reduction    SPECIAL REPORTS Relief for art lovers as customs duty goes Pranab’s promises must be delivered: Templeton Major rebates for green initiatives Union Budget 2011-12: Scaling up resource flows for double-digit growth No changes in income tax slabs, corporate surcharge down Corporate tax: Relief on surcharge, MAT raised marginally Fiscal stimulus to continue Five-fold strategy to deal with black money Mukherjee raises FII limits for infrastructure investments Mukherjee projects 2010-11 GDP growth at 8.5 per cent

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