March 4-5, 2000
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The Budget, in Real Audio
Listen to Finance Minister Yashwant Sinha.
Excise-hike-hit corporates rework prices
"The rationalisation and simplification of the tax structure
is a good idea, but the special additional duty of 4
per cent is going to affect the consumer durables industry adversely," said K S Kim, managing director, Samsung Electronics.
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.
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
'Whatever happened to harsh decisions?'
Infosys Technologies chairman N R Narayana Murthy and Confederation of Indian Industry president Rahul Bajaj on the Y2K Budget. In Real Audio.
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. Shouldn't he tell us how many rural houses have been built thus far? I'm prepared to bet not even 120,000 houses. If so, isn't 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.
NEWS
Modiluft to resume operations in June
The company has also received permission to import Boeing
737-400 aircraft for the domestic services. The process of
identifying and inducting suitable aircraft has already been
initiated, the company stated in a press release.
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.
Special features |
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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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