Excise-hike-hit corporates rework prices
"The rationalisation and simplification of the tax structure
is a good idea, but the special additional duty of 4
per cent is going to affect the consumer durables industry adversely," said K S Kim, managing director, Samsung Electronics.
Reforms stopped mid-track, say industrialists
The first Union budget this millennium has evoked a mixed reaction from the corporate world of Calcutta. The general view is that reforms have not been taken to their logical conclusion.
The Net crowd in Cyberabad aka Hyderabad is in a rush to avail Budget benefits.
Sinha open to 'review genuine shortcomings, problems and irritants' in Budget
''As far as the dividend tax is concerned, we feel it was
necessary to impose this levy... Please live with it as it cannot be
rolled back,'' the finance minister told the Indian industry.
Traditional industries to be strengthened: Sinha
This will be India's decade of development, says the finance minister.
Government committed to supporting SSIs
The collateral security requirement is being dispensed with for loans up to Rs 500,000 to improve credit flow to these units.
Budget fails to excite infotech industry
While the software industry tries to stifle its disappointment at the lack of major sops, the jury of domestic hardware manufacturers is still out, debating furiously the implications of the Finance Bill 2000-01.
Budget favours traditional, infotech industries
Finance minister Yashwant Singh promises to sustain efforts to remove infrastructure bottlenecks.
Biz chambers urge Sinha to grant industry status to housing
FICCI has suggested deemed export status for realtors who make concerted efforts for sale of property to Non Resident Indians and other persons abroad to mobilise foreign exchange.
Swadeshi budget will be counter-productive, says industry body
Any move to impose higher income tax surcharge, taxes on exports and withdraw incentives to trade and industry would give a serious blow to the Indian economy, the All India Association of Industries has said.
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