Financial Daily from THE HINDU group of publications
Saturday, March 02, 2002
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OPINION

EDITORIAL


To save or spend?
IN CHIPPING AWAY at the tax incentives for small savings that had been crafted by successive Finance Ministers, Mr Yashwant Sinha, has designed a new policy framework for driving economic growth. He has reduced interest rates, cut tax ... More

BUDGET


Budget: A second best effort
MR Yashwant Sinha's latest budget has lived up to the expectation of not being an exciting effort. The best that can be said of the Budget is that the Finance Minister has tried to do his utmost given the economic slowdown and higher expenditure ... More

Well-ploughed
THE Finance Minister, Mr Yashwant Sinha, had said that the Budget 2002 would focus on agriculture, and it certainly did. The time the Finance Minister devoted to agriculture in Part A of his Budget speech was the longest in recent memory. There ... More

Perceptive and growth-inducing
THE Finance Minister has presented a Budget which reflects the true perceptions about priorities that deserve attention in the economy. The Budget seems to suggest a small paradigm shift in the development strategy with relatively greater ... More

3-D with little special effect
THE Finance Minister's Budget presentation was like watching a 3D movie. However sincere the Finance Minister is (and one has no doubt he is) in believing that he has hit upon a strategy to achieve growth (in jobs and incomes), structural reforms ... More

Mixed, but `powerful' signals?
MR Yashwant Sinha delivered a mixed budget. The commitment to continuation of reforms and moving away from a subsidy regime as well as acknowledgement of financial viability and ongoing disinvestment were some positive aspects. The move towards ... More

  • Resource (un)balancing?
  • A capital effort
  • Consolidating on 2-G reforms
  • The tax `n wane effect
  • No healing touch for pharma
  • `Not enough to get economy moving'
  • Not an exciting Budget
  • Sweet for sugar, bitter for industry

    POLITICS


    Frankenstein walks again
    ON THURSDAY morning, one paper carried a statement by a "prime ministerial aide" on the VHP-NDA Government stand-off over Ayodhya which read: "It is one thing as an Opposition Party to exploit the Ram Mandir issue. Being in power at the Centre ... More

    TAXATION


    Beauty defined
    AMONG the bold and beautiful, Mr Sinha is an unpopular man for having brought beauty parlours under the service tax net. Is he prejudiced towards beauty? What is his idea of beauty? One can deduce that from the definitions available in the ... More

    Home truths
    THERE is every reason to feel peeved at Budget 2000. The main reason for that "I-have-been-let-down" feeling is probably because of the proposed modification in Section 88, bringing down the rebate from 20 per cent. Reduced rebate and ... More

    No radical shift
    THIS year's Budget makes no radical change in indirect taxes. Special excise duty (SED) has been abolished on all but eight items. These include polyster filament yarn, motorcars, tyres for replacement market, soft drinks, air-conditioners and ... More


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