BUDGET 1999-2000
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'The Budget gives optimistic signals'

Vinay Rai

The Budget is good and gives optimistic signals. Till yesterday everyone thought it would be a pessimistic Budget. But my only worry is whether the government will be able to implement the fine proposals which the finance minister has proposed.

Yashwant Sinha's incentives for the IT sector are really good. It will further boost the IT industry that has been growing phenomenally in the past one year.

I am very happy with Sinha's Budget, especially his announcement for the IT sector. They are major initiatives which will considerably give momentum to the IT industry.

I sincerely hope the government takes the right initiatives to put into practice Sinha's Budget.

Vinay Rai is chairman, Information Technology Committee, FICCI, and CMD, Usha India Ltd

Budget 1999-2000

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