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<h1>Finance Act 2011 Implements Financial Proposals; Sections 2-35 Retroactive from April 1, 2011</h1> The Finance Act, 2011, enacted by the Parliament of India, is designed to implement the financial proposals of the Central Government for the fiscal year 2011-2012. The Act is officially titled the Finance Act, 2011, and specifies that, unless stated otherwise, its sections 2 to 35 are retroactively effective from April 1, 2011.