rediff.com Budget 2000 coverage: Interviews



February 29, 2000	HOME \| BUSINESS \| BUDGET 2000-2001

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The Budget Interviews

'India needs a crisis to reform. We cannot reform without a crisis'
"The economy is recovering and this in turn will itself mean more revenue for the government. So the government is not under pressure to raise taxes and I think raising taxes will be a big mistake," says Dr Subir Gokarn, chief economist, the National Council for Applied Economic Research.

'Budget is expected to create greater lending opportunities for banks'
"I expect a reduction in the surcharge on the corporate tax, tax on agricultural income and measures to induce increased savings and investments. All this would mean revitalisation of the corporate sector," says K P Padmakumar, chairman, Federal Bank and Private Sector Banks' Association.

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