March 2, 2000
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The Budget, in Real Audio
Listen to Finance Minister Yashwant Sinha.
Govt bit the bullet to curb fiscal deficit: Sinha defends Budget 2000
"The Budget should be appreciated since it has
undertaken a major rationalisation of tax structure by doing away
with various exemptions. The attitude of 'I'm special, I
should not be taxed,' should be given up," the finance minister said.
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.
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.
FM puts fiscal deficit at Rs 1 trillion (5.6% of GDP); eases tax norms for venture capitalists
ECONOMIC SURVEY 1999-2000
RAILWAY BUDGET 2000-2001
EXCLUSIVE: ANALYSIS BY DUN & BRADSTREET INDIA
NEWS
Galloping revenue expenditure cause for high fiscal deficit: study
Defence expediture, debt service, high increase in salaries of government employees and ministers, expediture by the government, the natural calamities besides the last year's Kargil war are the causes.
Special features |
Biz-school | Biz-quiz |
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Index |
Level |
Change |
BSE Sensex
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5641
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+199 (3.65%)
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NSE S&P CNX Nifty
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1716
| +76 (4.63%)
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Rs/US$ Forex
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43.60
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steady
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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
• R C Murthy on whether Sinha will 'bite the bullet'
• Sucheta Dalal on cyber-crime and punishment
• Devangshu Datta on the mutual fund industry
• Dilip Thakore on the budget the nation needs
• Pritish Nandy on why imports of second hand cars should be allowed
• Murali Iyer on the Key Man Insurance Policy
• Ashok Mitra on the four forces that ripped the WTO asunder
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