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INTERVIEWS
'The economy should get going this year in a big way'
"We have been quite conservative in our expectations (of reducing the fiscal deficit)." Dr Shankar Acharya, chief economic adviser to the finance minister, in an exclusive interview.
'Budget marks an end to Sachin syndrome in govt that finance ministry should do everything'
'Business is learning to live with political instability. If we have a good monsoon that helps agriculture to recover, then the economy will bounce back regardless of politics,' says Subir Gokarn, chief economist of the National Council of Applied Economic Research.
PRE-BUDGET INTERVIEWS
'Focus will be on infrastructure, exports, capital markets and NPAs'
'Budget will surely try to stimulate the capital market. We may see the re-introduction of the section 88C wherein 50 per cent of the money put into the new issues was exempt from a person's income,' says CMD of Punjab & Sind Bank, S S Kohli.
'Yashwant Sinha is on a tough batting wicket'
'Economic Survey has made a beginning toward a cut in government spending and borrowing. The Budget may be a new one in terms of giving direction to all the Budgets to follow,' says CII director-general Tarun Das.
'It's up to the financial institutions to ensure they fund only viable projects'
'The economy is sliding down. The GDP growth is down, industrial growth is down. Unless we take some harsh decisions, we will go nowhere. I'm sure the finance minister will address the harsh issues in the Budget,' says former IDBI chairman S H Khan.
'Foreign investors' perception of India is extremely important'
'Economic crises of the Brazil kind are occurring not because the fundamentals of an economy have weakened, but because of sheer sentiment. Today, with one punch on a key, people are transferring billions of dollars from one market to another. And nobody gives a damn about what happens to the economy of the country,' says Finance Minister Yashwant Sinha in a tell-all interview.
'Where we want investment we have hurdles; where we don't want investment, we have high profitability'
'To control the fiscal deficit, the government borrows massively from the banks. In turn, banks hike the interest rates. Indian industry borrowing at such high rates becomes uncompetitive and thus exports suffer.' An exclusive interview with economist Dr Isher Judge Ahluwalia.
'Why should there be a government monopoly on procurement?'
Why should the tuition fees for the university students be less than the private school fees? Why should those who can afford enjoy subsidies like this? Why should everybody get rice at Rs 5 a kg? This is what you call undeserving subsidy, says Dr U Shankar, director of the Madras School of Economics.
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