March 4, 2000
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The Budget, in Real Audio
Listen to Finance Minister Yashwant Sinha.
Budget impact won't be inflationary, assures Sinha
"Funds would be advanced to states for infrastructure development only through
the project-mode. The states would have to come up with specific
project proposals to avail of funds to avoid misuse," the finance minister said. Andhra Pradesh chief minister N Chandrababu Naidu had earlier criticised the government's fund-allocation system.
Draft civil aviation policy promises sweeping reforms
The draft, however, does not say anything about the ban on foreign airlines investing in joint ventures with domestic carriers.
Budget fails to excite infotech industry
While the software industry tries to stifle its disappointment at the lack of major sops, the jury of domestic hardware manufacturers is still out, debating furiously the implications of the Finance Bill 2000-01.
THE REDIFF BUSINESS SPECIALS
Kellog prof to lead IT revolution in AP
Rakesh Mathur's Karma Yoga
THE REDIFF BUSINESS INTERVIEW
'We actually thrive on paranoia'
K V Kamath, the techno-savvy ICICI chief, on the survival game, in a tete-a-tete with Pritish Nandy.
THE REDIFF BUSINESS COLUMNS
A business-as-usual Budget
"Under the Indira Awas Yojana, it is proposed to provide 1.2 million houses, said Sinha. Shouldnt he tell us how many rural houses have been built thus far? I'm prepared to bet not even 120,000 houses. If so, isnt a target of 1.2 million homes an unattainable pie in the sky?" says Dilip Thakore.
Budget blues
Devangshu Datta calculates the Gross Domestic Product based on three deficit estimates from the Budget papers and gets three different figures!
Sinha delivers on his promise to 'bite the bullet'
As the market digests the Budget, the reaction over the next few
days would be matured and a rally cannot be ruled out. In a sense,
the market has discounted most Budget proposals,
says R C Murthy.
BUDGET EFFECT
Sinha's 'excise simplification' claim baffles experts
The proposed excise recast may affect consumption levels and thereby economic
recovery. If manufacturers absorb duty hikes themselves, their profit margins, and surplus cash available for investment, would get squeezed. This could further slacken the sluggish pace of economy, excise experts said.
Black Tuesday, 29th: How Sinha's Finance Bill sunk stock exchanges.
FM puts fiscal deficit at Rs 1 trillion (5.6% of GDP); eases tax norms for venture capitalists
Special features |
Biz-school | Biz-quiz |
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BSE
Sensex
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5378
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--151
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NSE S&P
CNX Nifty
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1667
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Rs/US$
Forex
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43.57
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Budget 2000 Special
Run-up to Budget 2000
Move over Big Bull, KP is here: A profile of Ketan Parekh.
The Millennium Features
The NDA government and the economy
Economic sanctions special
More specials
'India needs a crisis to reform. We can't reform without a crisis':
Economist Dr Subir Gokarn of the National Council for Applied Economic Research, on Budget 2000
'AOL-Time Warner type deals will happen in India':
Telecom tsar Sunil Mittal, chairman, Bharti Enterprises, on the future of communications industry
'Seafood can become the biggest forex earner':
Seafood exporters' representative Elias Sait on the expectations from the budget
'It's only a matter of time before Indian brands emerge in the global market':
Harvard guru Prof Krishna Palepu on Corporate India's strengths and weaknesses
Earlier Interviews
Sucheta Dalal on cyber-crime and punishment
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