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February 29, 2000

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A compilation of links to Budget-day news reports

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BUDGET
2000
FM Yashwant Sinha's Budget speech -- text

FM Yashwant Sinha's speech in Real Audio

Budget proposals:

Budget 2000 home page on rediff.com

Budget 2000-2001 Highlights

Budget favours traditional, infotech industries

FM puts fiscal deficit at Rs 1 trillion; hikes budget support to plan by Rs 111 bn to Rs 881 bn

Liberalisation programme for venture capital

Govt 'fails' to keep word, Sensex crashes

Traditional industries to be strengthened: Sinha

Govt to shed holdings in nationalised banks

CENVAT to replace MODVAT

Government committed to supporting SSIs

New programmes to focus on basic rural needs

Defence budget up as never before

Sinha's fiscal management plan

More money for family welfare

IT, telecom, entertainment get rebates

Personal taxation: No major surprises

Peak rate of customs duty reduced by 5 per cent

How the rupee is earned and spent: Interest outgo is the biggest expense

Taxes after Budget -- A ready reckoner: By Ganesh Jagadeesh & Co

'Budget is not the end, tougher measures will follow,' says FM Sinha

Reactions to Budget 2000:

The Rediff Jury's verdicts

Budget is aimed at development in all sectors, specially rural areas, says PM

Budget proposals disastrous: Opposition

Budget papers leaked: Congress

Reforms stopped mid-track, say industrialists

Fiscal deficit worries economists

'It's a mixed Budget as far as software and IT are concerned,' says N R Narayanamurthy

'This Budget is retrograde,' says Dr Subramanian Swamy

'It is a modern-looking Budget,' says G P Goenka

'There has been an acknowledgement that the IT and telecom industries are the key drivers of the economy,' says Sunil Bharti Mittal

'It has not done any thing special to push the economy,' says Onkar Singh Kanwar

'We have become satisfied with $ 33 bn forex reserves and therefore decided to tax export incomes which is regressive' says Vikram Thapar

'The rural housing contribution of 2.5 million houses is a good initiative,' says V Suresh

'There is nothing anti-industry in the Budget,' says Amal Ganguli

'Income tax should have been spread evenly on all segments including agriculture and services,' says Dr B B Bhattacharya

'This Budget seems to be too piecemeal,' says Neeraj Roy

'The govt has lost control over the fiscal situation,' says P Chidambaram

'In terms of the telecom sector, I would rate the Budget 7 out of 10,' says Virat Bhatia

'We could still have extended exemption on taxes on the IT industry for another couple of years,' says N Venkaswamy

'That the people can live under an umbrella of security comes at a price,' says Lt Gen Satish Nambiar

Sinha delivers on his promise to 'bite the bullet', says R C Murthy

'The increase in FII limits and retail investor preference for equity funds will augur well,' says Basudeb Sen

'Good on social front, neutral on pharmaceuticals,' says Habil Khorakiwala

Budget 2000 Live! | Budget on Rediff | Dun & Bradstreet Budget Special | The Run-up
Budget Process | Budget Hotlinks | NDA Government & Economy
Ministry of Finance: Economic Survey 1999-2000 | Budget 2000 document


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