Financial Daily from THE HINDU group of publications
Friday, March 01, 2002
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Sinha lands a knock-out punch -- Rs 12,700 cr extra taxes on individuals, corporates
FOR an economy starved of fresh investments and jobs, Mr Yashwant Sinha, could probably have done much more than what he did today. Indeed, for a large section of Indian industry and consumers alike, the Finance Minister's Budget 2002-03 turned ... More

Sensex goes south
THE stock markets today turned their face firmly against Mr Yashwant Sinha's Budget proposals as share values dived , with a number of active scrips hitting the lower circuit breakers. While the 30-share benchmark Sensex plunged four per cent ... More

Few carrots for pvt investment
IF one had expected a number of measures from Mr Yashwant Sinha to spur private investment, there was only disappointment. One would have to drive down to the farm to look for a business opportunity the Budget created. Manufacture of some ... More

Dividend brings Rs 1,500 cr
THE decision of the Government to shift the incidence of taxation of dividends from the companies distributing such dividends to the recipient shareholders will translate into extra revenues of about Rs 1,500 crore for the exchequer. The ... More

In Gujarat, bandh pips Budget
FOR Gujarat, arguably a strong claimant to the mantle of the most industrialised State in the country, the Union Budget remained a non-issue on Thursday. Instead, it was a day marked by selective arson and looting across the State and much of ... More

Changes galore for individual taxpayers
Rate of Sec 88 rebate can no longer be taken for granted. Currently, there are two rates - 20 and the accelerated 30 - for low-income assessees. While there is no change in the latter case, the former is going to be hit if the gross ... More

10 more services come under tax net -- Rs 1,400-cr additional mop-up seen
THE next time you pay your life insurance premium, be prepared to dish out 5 per cent extra as service tax. As expected, the Finance Minister has brought 10 more services under the tax net, recognising the growing contribution of this segment to ... More

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Budget 2002-03

Top Stories
Sinha signals amber to farm sector -- Shies away from reforms on grain purchase

Oil sector deregulation: A(nother) P(erfect) M(anipulation)

Hardware measures -- PC prices seen unchanged

Banks to cut lending, deposit rates

Changes galore for individual taxpayers

10 more services come under tax net -- Rs 1,400-cr additional mop-up seen

Sinha lands a knock-out punch -- Rs 12,700 cr extra taxes on individuals, corporates

In Depth
Inside Kashmir
Guide to derivatives
Looking back
Feb. 17-Feb. 23
49 pc cap for foreign investment in pvt banks

Forex kitty moves up by $201 m

Sponsored ADR/GDR programme to be liberalised -- Cos may get nod to divest in unlisted arms abroad

Bharti to peg ILD rates 50% cheaper than VSNL

DCA tightens norms on loans to directors

`Landless rich' knock more on SBI doors

PMO okays 26 pc FDI in periodicals -- Dailies spared; 100% in advt proposed

SEBI throws the book at Mallya, Chhabrias -- `Divest wrongfully acquired shares in Herbertsons'

Reliance, Bharti among 5 to get letters of intent for ILD

State guarantees not final word: RBI

STD rate cut: BSNL shoots itself in the foot

Dairy controls to go

Cabinet clears big-ticket labour reforms

Watch out when you buy that Crocin!

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