Highlights of the budget for 2011-12 presented by Finance Minister Pranab Mukherjee in Parliament on Monday:
* Economy back to pre-crisis trajectory.
* Set pace for double digit growth.
* Total food inflation declined to less than 9 percent in January.
* Growth at 8.75 percent to 9.25 percent in 2011-12.
* Bills on insurance, pension funds, banking to be introduced.
* Gap between wholesale and retail prices not acceptable.
* Setting up independent debt management office; public debt management bill to be introduced in parliament.
* Seek Lord Indra's blessings for good monsoon
* Introduction of GST will improve compliance; bill in current session; setting up strong IT network for implementation.
* Expenditure has to be oriented towards production of goods and services.
* Government committed to retaining 51 percent stake in public sector enterprises.
* FDI policy being liberalised.
* 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.
* Economy back to pre-crisis trajectory.
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