Financial Daily from THE HINDU group of publications
Tuesday, May 07, 2002
Financial Daily from THE HINDU group of publications Tuesday, May 07, 2002 |
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Budget Industry & Economy - Budget Parliament okay for Budget Our Bureau
NEW DELHI, May 6 PARLIAMENT has approved the Budget with the Rajya Sabha returning the Finance Bill, 2002 on Monday. The Finance Minister, MrYashwant Sinha, gave an assurance that the Centre would not adopt an adversarial approach in tackling the fiscal crisis of States particularly, Tamil Nadu, Bihar and Orissa. While the Centre would not like to be a lender of the last resort as its resources are limited, at the same time it would not have adversarial relations with the States, he said while replying to a day long discussion on the Finance Bill. Mr Sinha said that he would soon convene a meeting of State finance ministers to deal with fiscal problems faced by them. With the returning of the Finance Bill, already passed by the Lok Sabha late last month, the Parliament has completed the three-stage exercise of approving the Budget.
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