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'It has not done any thing special to push the economy'

BUDGET 2000

Onkar Singh Kanwar

It is a pragmatic Budget. Keeping the views and limitations, he could not have done anything better.

Negative points: Increase in the tax on dividends, exports, corporate personal tax.

On the face of it, it sounds a good Budget for the tyre industry. But one will have to see the fine print.

Summary of the Budget: It has not done any thing special to push the economy. We needed to have a further boost in the economy right now by reducing overall tax duties and simplify various permissions and procedures. One does not see any clear signs whether significant investment will be attracted for infrastructure which is the need of the hour.

Onkar Singh Kanwar is vice-chairman and managing director, Apollo Tyres

Budget 2000 Live! | Budget on Rediff | Dun & Bradstreet Budget Special | The Run-up
Budget Process | Budget Hotlinks | NDA Government & Economy
Ministry of Finance: Economic Survey 1999-2000 | Budget 2000 document

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