Finance Minister Pranab Mukherjee has started delivering his Sixth Budget speech in the Lok Sabha." 
He says that he sees average inflation lower in FY12 : He proposes the following points :

• sees farm growth at 5.4 % and GDP growth at 8.6%
  
  
• to give 3% interest subsidy to farmesr in FY12
  
  
• Interest subvention on housing loans eligibility relaxed: FM
  
  
• Interest subvention on housing loans extended by one year: FM
  
  
• Propose to give Rs 3000cr to NABARD: FM
  
  
• Infra sector FII cap for bonds with 5-year residual maturity: FM
  
  
• To raise corpus of rural infra development fund to Rs 18000cr vs Rs 16000cr: FM
  
  
• Discussions on to further liberalise FDI policy: FM
  
  
• To raise corpus of rural infra development fund to Rs 18000cr vs Rs 16000cr: FM
  
  
• To move to direct cash subsidy for fertilisers, kerosene: FM
  
  
• Mulling nutrient-based subsidy policy for urea: FM
  
  
• Propose to create an equity fund of Rs 100cr for MFIs: FM
  
  
• Propose to create a women''''''''''''''''s self help group with a corpus of Rs 500cr: FM
  
  
• Rs 300 cr to be allocated for oil palm production : FM
  
  
• Private investment in agro processing should increase: FM
  
  
• 6000cr capital infusion in 2011-12 for PSU banks: FM
  
  
• RBI to issue guidelines on banking licesnes this fiscal: FM
  
  
• FII''''''''''''''''s permitted to invest in unlisted bonds: FM