rediff.com Home > Money > Budget 2001 > The Govt & The Economy Banner Ads
Channels: Astrology | Broadband | Contests | E-cards | Money | Movies | Romance | Search | Weather | Wedding | Women
Partner Channels: Bill Pay | Health | IT Education | Jobs | Technology | Travel
February 28, 2001                                       Feedback  

    - BUDGET RUN-UP
    - COLUMNISTS
    - INTERVIEWS
    - CREDIT POLICY
    - ECONOMIC SURVEY
    - GOVT & ECONOMY
    - BUDGET SPEECH '00
    - RAILWAY BUDGET '00
    - EXIM POLICY '00
    Live Chat!
    
    Yashwant Sinha
    Finance Minister
    Mar 1, 2115 IST
    (Mar 1, 1045 PST)

    
      


    - BUDGET PROCESS

    - BUDGET 00-01
    - BUDGET 99-00
    - BUDGET 98-99
    - BUDGET 97-98

    - NEWSLINKS
Information you can use

  • The Best Budget Sites
  • Ministry of Finance
  • Budget 2000
  • Reserve Bank of India
 

Budget 2001-2002: News reports

  •  Budget sops draw cheers from ICE sector: BS
  •  Import duty down at 20% for textile sector: BS
  •  FII limit hike a shot in arm for investors: BS
  •  Core initiatives to push up cement demand: BS
  •  Duty cut on PTA to aid polymer players: BS
  •  Sinha pegs fiscal deficit at 4.7 per cent: BS
  •  Drastic cut in provident fund proposed: BS
  •  Divestment target raised to Rs 120 billion: BS
  •  Markets ride high on reformist Budget: BS
  •  Fund managers hail budget impact on equities
  •  Shaw Wallace chief lauds Budget
   •  Processed food exempted from excise duty
   •  Gilts add sheen after rate cut
  •  'Budget leaves one with a good feeling'
   •  Vehicle prices set for a decline: BS
  •  HLL, Tata Tea get excise-cut fillip: BS
  •  FM plans major thrust for pharma sector: BS
  •  Tax waiver on capital gains to boost floats: BS
  •  Liquidity gets a booster dose: BS
  •  Dividend tax cut cheered: BS
  •  Increased allocation for PMO
  •  West Bengal gives Sinha the thumbs up
   •  Banking industry sees Bank Rate cut: NetScribes
   •  Budget to speed up agriculture reforms
  •  New expenditure management strategy announced
   •  Gujarat govt can float tax-free bonds for quake relief
  •  Plan outlay for power utilities raised: PTI
  •  Tele-density likely to reach 3.5 per 100 by March 2001
  •  NABARD interest rates reduced
  •  Summary of the Sinha's speech
  •  Non-plan expenditure estimated at Rs 2751.23 bn
   •  Govt to review Essential Commodities Act
   •  Interest on small savings reduced by 1.5%
   •  It's up to banks, RBI to lower rates: Sinha
  •  Summary of the Union Budget for 2001-02
  •  TDS of 10% on brokerage exceeding Rs 25 billion
  •  10-yr tax holiday for development of SEZ
  •  5-yr tax holiday, 50% profit deduction to transport
  •  Discretion in I-T default penalties removed
   •  Limit of deduction of interest income cut to Rs 90 bn
  •  100% deduction on trust for mentally retarted
  •  Indirect tax rev loss Rs 55 billion
  •  Rev expected in 2001-03: Rs 848 billion
   •  10-yr tax holiday in first 20 yrs for core industries
  •  10-yr tax holiday in first 15 yrs for airports/ports
  •  Foreign telecast companies to be taxed
  •  Depreciation of 25% for ships/inland water vessels
  •  Acc depreciation of 50% on comm. vehicles for 1 yr
  •  Dedcutions in house repairs 25%
  •  10 yr tax holiday for devlopment of SEZ
  •  Lower tax for lotteries at 30%
   •  15%/5% duty increase in rough diamonds/gems
   •  Cooperative societies to pay lower tax at 30%
   •  Peak custom duty to be cut to 20% in 3 years
   •  Transparency in new excise and customs duties
   •  LNG exempt from CVD
   •  LNG kits to attract custom duty of 5%
   •  CVD to be imposed on import of liquor
   •  Cenvat for HSD to be at 16%
   •  High level; expert group for govt pension to set up
   •  8 non-viable PSUs to be closed
   •  SAIL, HMT revamp approved
   •  6 ministries to be downsized by July 31
  •  3 Secy and 2 Jt Secy level posts to axed by July 2001
   •  Central staff to be pared by 2 per cent per year
   •  Insurance scheme for landless agricultural labour
   •  Ports capacity to go up to 376 million tonnes
   •  Rs 61 crore for crop production in Eastern India
   •  Reform of State Electricity Boards to be accelerated
 

Banner Ads
Banner Ads
Banner Ads
Banner Ads