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The Union Budget 2001-02
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Railway Budget 2001-02
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The Rediff-Capital Market Budget Analysis


Cotton Textiles : Positively Knitted

Aluminium : Negative impact due to reduction in customs duty

Tea : Strong brew and good aroma

Steel : Stretched and squeezed

Fertilisers : Survival still hangs in balance for some units

Power : Empowered by duty reduction and increased allocation

Positive Impact on Cement

Copper :Cowed down


A J S Jhala : Mixed Bag

Vinod K Punshi : Discrimination against SSP unit continues

Deepak C Mehta: Fertiliser industry at large will benefit

D K Varma:Long term fertiliser policy not announced

Prasad Menon: The general thrust on agriculture is good

D D Rathi: Production costs of garments would reduce

Adesh Gupta: Mixed impact

Adi Engineer: Under delivered on expectations

Anil Singhvi: Sinha misses another opportunity

R J Masilamani: Discrimination should be removed soon

Sajjan Jindal: Non ferrous metals' duty cut will improve margins

Anil Agarwal: Customs duty reduction will have impact

RC Nandrajog: Not a bad budget for the steel industry


Small savers to feel the pinch

Tax payers between the devil and the deep sea

Hike in FDI limit eludes banking sector

Telecom: Foreign connections!

Mutual funds industry gets the thumbs up

Software: Hard landing?

Pharmaceutical: No R&D dose

FMCG: Given push to move fast

Increase in import duty on rubber to affect tyre industry

Entertainment: More Gham Less Khushi!

Centre to shell out Rs 100 billion more on subsidies

Budget cheers FIIs; welcomes foreign investment

Decrease in expenditure of Rs 10,787 cr in current fiscal year

Budgetary support for I&B ministry increased by 22%

Pension reforms set to roll

'The budget lacks any coherent direction'

'No specific measures to boost domestic demand for IT is a disappointment'

Centre completes strategic sales in 7 PSUs

'Proposal to introduce a new Govt securities bill is another welcome step'

'Union Budget 2002-2003 is an average budget for the IT Industry'

'The ‘feel good’ factor for telecom is missing'

'The salaried class is between the devil and the deep sea'

'A set of policies for the hardware to grow exponentially is still missing'

'The overall impact will be somewhat adverse'

'The budget is positive for the oil and gas sector'

'Budget fell short of expectations'

'There is no growth impetus for industry'

The sweetener in mutual funds is gone, but the cake remains

'Some good news for auto and commercial vehicle industry'

Centre to phase out remaining controls on farm exports

'This budget could trigger inflationary pressures'

The rationalisation of duties in Textile industry is the only silver lining'

Sensex sheds 143 points after disappointing budget

Tyre Industry laid flat

The chemical industry would find this Budget disappointing

NRIs heave a sigh of relief

10% distribution tax scrapped

Tea industry has something to cheer

SED only on 8 items including PFY, motor cars, MUVs, soft drinks

Corporate tax remains unchanged

Sinha for transparent corporate debt restructuring of viable firms

Copper companies cowed down

Service tax emption to tourism extended by one year

Protection for steel, IT hardware producers

PSU stocks hit hard as divestment target disappoints

Dismantling of APM on schedule

Aluminium industry's margins to come down

Indirect tax proposals

Service tax extended to life insurance, cable operators

Excise exemption to granite removed

Further measures to boost investment in the infrastructure sector

Excise on tea reduced from Rs 2 to Re 1 per kg

AIDS drug exempt from excise duty

Service tax extended to new sectors

Power Industry empowered by lower import duty

Refineries in NE states to charged only half excise duty

Sinha to further liberalise capital account

Fresh measures to strengthen housing finance companies

Refineries in NE states to charged only half excise duty

Power Industry empowered by lower import duty

Slew of measures to boost investor confidence

Fiscal deficit pegged at 5.7% of GDP

Cess on crude oil doubled to Rs 1,800 per tonne

Reforms in banking sector to continue

Special package for textile industry

Net tax revenues fall short of target by Rs 206.83 billion

Pricing power of cement companies restricted

Budget 2002-03 heralds further legislative changes in UTI Act

New Corporation for Agriculture Insurance

Sinha plans integrated market for agricultural products

Sinha raises credit flow to the agri sector to Rs 750 bn

Interest rate cut on state-run savings schemes

Small savings rate cut by 50 basis points

Sinha sets up Urban Reform Incentive Fund

Major ports to be privatised in a phased manner

Plan outlay for tourism increased by 50%

Plan for new interest subsidy scheme

Sinha stresses on power reforms

'Further liberalisation for FII investment seems likely'

'We hope the zero duty regime is deferred from 2003 to 2005'

'Steel must be given status of infrastructure industry '

The Rediff Budget Special
Run-Up To The Budget

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