New Delhi: Highlights of the budget for 2011-12 presented by Finance Minister Pranab Mukherjee in the Lok Sabha on Monday:

Expenditure in 2011-12 estimated at Rs.12,57,729 crore, an increase of 13.4 percent.

Tax receipts in 2010-11 at Rs.932,440 crore, an increase of 24.9 percent; non-tax receipts at Rs.125,435 crore.

Growth at 8.75 percent to 9.25 percent in 2011-12. Economy could have performed better in 2010-11.

Goods and Services Tax rollout on April 1, 2012; bill for this in parliament this year; GST will improve compliance; setting up strong IT network for implementation.

Setting up independent debt management office; public debt management bill to be introduced in parliament.

Rs.343,000 crore of market borrowings in 2011-12.

Tax exemption limit raised from Rs.160,000 to Rs.180,000; for senior citizens, qualifying age reduced from 65 to 60 years.

Age for below poverty line old age pension scheme to be reduced from 65 to 60 years.

Gap between wholesale and retail prices not acceptable.

Direct tax reductions to result in revenue loss of Rs.11,500 crore.

Rs.164,415 crore for defence; more will be given if required.

Twenty-four percent increase in educational outlay; Rs.21,000 crore for Sarva Shiksha Abhiyan.

Rs.500 crore more for national skill development fund.

Rs.54 crore each for AMU (Aligarh Muslim University) centres at Murshidabad and Mallapuram.

Rs.58,000 crore for Bharat Nirman; increase of Rs.10,000 crore.

Mahatma Gandhi National Rural Employment Guarantee Scheme wage rates linked to consumer price index; will rise from existing Rs.100 per day.

Close to finalising food security bill.

Increased outlay on social sector schemes.

Infrastructure critical for development; 23 percent higher allocation in 2011-12.

Rs.30,000 crore to be raised through tax-free bonds.

Rs.100 crore equity fund for microfinance companies.

Food storage capacity to be augmented - 15 more mega food parks to be set up in 2011-12; of 30 sanctioned in previous fiscal, 15 set up.

Cold storage facilities to be recognised as infrastructure sector.

Comprehensive policy on further developing PPP (public-private-partnership) model.

Had option to rollback indirect tax rates to 2008 levels but will maintain standard rate of central excise duty at 10 percent.

Service tax to stay at 10 percent.

Revenue gain of Rs.11,000 crore from increase in indirect taxes.

Five-fold strategy against black money; 13 new double taxation avoidance agreements; foreign tax division of CTBT strengthened; strength of Enforcement Directorate increased three-fold.

Expenditure has to be oriented towards production of goods and services.

Government committed to retaining 51 percent stake in public sector enterprises.

Current account deficit at 2009-10 levels.

Corruption a problem we have to fight collectively.

Development needs to be more inclusive.

Stronger fiscal consolidation needed.

Setting tone for newer, vibrant economy.

Economy has shown remarkable resilience to external and internal shocks; back to pre-crisis trajectory; set pace for double digit growth.

Total food inflation declined to less than 9 percent in January.

FIIs can invest $40 billion in corporate bonds.

FDI policy being liberalised.

Service tax payers with turnover of Rs.60 lakh exempt from government audit.

Excise duty on hybrid car kits reduced.

Works of art exempt from customs when imported for exhibition in state-run institutions; this now extended to private institutions.

Farmers need access to affordable credit.

Moving to improve nutritional security.

Necessary to accelerate production of fodder.

Women's self-help development panel to be set up.

Mortgage risk guarantee fund to be created for economically weaker sections.

Housing loan limit for priority sector lending raised to Rs.25 lakh.

Agriculture growth key to development: Green Revolution waiting to happen in eastern region.

Bills on insurance, pension funds, banking to be introduced in parliament.

Electronic filing of TDS returns at source stabilised; simplified forms to be introduced for small taxpayers.

Bill to be introduced to review Indian Stamp Act.

New coins carrying new rupee symbol to be issued.

Anganwadi workers salary raised from Rs.1,500 to Rs.3,000.

Seek Lord Indra's blessings for good monsoon.