Thursday, March 1,  2001, Chandigarh, India
  Updated at 3 am (IST)

IT surcharge goes, cut in PF
interest rate

New Delhi, February 28
Disproving expectations of a tough budget, Finance Minister Yashwant Sinha today removed all but the 2 per cent Gujarat quake surcharge on Income Tax and enhanced tax rebate for salaried persons earning upto Rs 1 lakh in direct tax sops that would cost the government Rs 5,500 crore in loss of revenue.


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Indian Finance Minister Yashwant Sinha carries a suitcase containing his Budget proposal as he arrives at Parliament in New Delhi on Wednesday. — Reuters photo



AS I SEE IT Sinha mum on key issues
Budget is a major instrument of macro-economic policy. This year our country faces major challenges. For the third year in the row the growth rate in the economy has been declining. For the second successive year agricultural production has been stagnant. The only positive feature of the economy is the rapid growth of exports.
Manmohan Singh

Oppn: it is anti-poor
New Delhi, February 28
Opposition parties today slammed the Budget as “anti-poor, anti-farmer and inflationary”. Terming it as a “half-hearted measure”, Congress leaders Kapil Sibal and Girja Vyas said there was nothing in it for agriculture and social sectors, including women, child development, youth welfare, health care and education.

In Science Tribune today

Rendezvous with an asteroid

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Supercop’s real salute
by Isidore Domnick Mendis.

Aishwarya’s starry tantrums

“My tapori days are over”

by Nutan Sehgal

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13.84 pc more for defence 
New Delhi, February 28
India today gave clear indications regarding its security concerns by bringing about a hefty hike of almost 14 per cent in its allocation for defence over last year’s revised estimates in the annual budget presented here today.

Rs 702.5 cr for Chandigarh
New Delhi, February 28
The total expenditure for the Union Territory of Chandigarh for the year 2001-02 has been fixed at Rs 702.50 crore. This is higher than the revised estimates for 2000-01 of Rs 682.20 crore. 

A forward-looking, balanced Budget: PM
New Delhi, February 28
Prime Minister Atal Behari Vajpayee today described the Budget as forward looking and balanced and said Finance Minister Yashwant Sinha had removed all apprehensions that it would be anti-people.

J&K Governor’s kin ‘kidnapped’
New Delhi, February 28
Aakash Saxena (five), believed to be a relative of Jammu and Kashmir Governor, was reportedly kidnapped from Central Market of Ashok Vihar in North-West Delhi last evening.

Dhumal drops 4 dissident ministers
Himachal Government plunges into serious crisis
Shimla, February 28
The crisis in the ruling BJP-HVC government further deepened today following the dropping of four dissident ministers by the Chief Minister, Prof P.K. Dhumal, this evening.


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Copyright : The Tribune Trust, 2000.