rediff.com Home > Money > Budget 2001 > Budget Analysis Banner Ads
Channels: Astrology | Broadband | Contests | E-cards | Money | Movies | Romance | Search | Weather | Wedding | Women
Partner Channels: Auctions | Auto | Bill Pay | Jobs | Lifestyle | Technology | Travel
March 1, 2001                                       Feedback  

    - BUDGET SPEECH '00
    - COLUMNISTS
    - INTERVIEWS
    - CREDIT POLICY
    - ECONOMIC SURVEY
    - GOVT & ECONOMY
    - BUDGET RUN-UP
    - RAILWAY BUDGET '00
    - EXIM POLICY '00


    
      


    - 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


 




Banner Ads
Banner Ads
Banner Ads
Banner Ads
 Search the Internet
         Tips
 Sites: Finance, Investment
E-Mail this assessment to a friend
Print this page

'Debt is going to be the new mantra'

Udayan Bose

The direct result of the roll back of the corporate dividend tax, from 20 per cent to 10 per cent, is not increasing income to the shareholder. But instead of paying 20 per cent dividend tax, the tax will be 10 per cent, therefore the rest will be saved in the company, therefore increasing shareholder value.

Debt is going to be the new mantra. For too long we have been trying to catch our tail on equities and have more or less ignored the debt market. Three positives on debt -- one, the debt clearing house, two, the lowering of small investment saving rate and three a higher thrust on gathering debt for the infrastructure and corporate sector.

This Budget does nothing dramatic for Foreign Direct Investment. A Budget is not the place for FDI direction anyway. But FII investment will go up as a result of the Budget. FDI is difficult right now, as the rest of the world is in a slow-down phase

Udayan Bose is chairman and chief executive, Lazard India Limited.

Budget 2001

Tell us what you think of this Analysis