'I still remember back in 1971, the night they both got the news that Dr Vikram Sarabhai had died at his hotel in Kovalam, and rushing off with tears in their eyes.'
The government will be able to keep its fiscal deficit lower at 5.4 per cent during 2003-04 than the budgeted 5.6 per cent of GDP, despite the give-aways announced by Finance Minister Jaswant Singh on January 8, according to rating agency ICRA.
The Reserve Bank of India on Friday said fiscal deficit situation would be better than the budget estimate of 5.6 per cent of GDP for 2003-04, while inflation rate will start falling in the coming days.
The Union Cabinet on Thursday is believed to have deferred a proposal for hiking foreign investment cap in telecom sector to 74 per cent from the existing 49 per cent.
The National Stock Exchange said on Thursday it would launch trading in interest rate futures on June 24, more than a week later than originally planned.\n\n
Government has ordered prosecution against Jet Airways for alleged violation of various sections of the Companies Act, 1956, on account of financial transactions, including dividend paid out of profits.
Ready with the "groundwork", the Empowered Committee on value-added tax is likely to press for President's nod on VAT Bills of at least nine states by May 25
Jaswant Rai charged the HPCA chief Anurag Thakur with 'forcing him' to opt out of the team in lieu of money.
Finance Minister Jaswant Singh on Friday hinted that value added tax might not take off as scheduled in June as not all states have agreed to its implementation.
The BJP candidates are on the winning trail, outdoing their opponents with thumping leads. Shahnawaz Akhtar reports.
Union Finance Minister Jaswant Singh has said the Indian economy is sturdy enough to face any challenge thrown up by the Iraq war.\n\n\n\n
I am very pleased with the first Budget of Jaswant Singh. Positive moves have far exceeded the negative ones. The impetus to the industry has been very high particularly in the infrastructure sector.
I would place this Budget on very high pedestal. Finance Minister Jaswant Singh has done a commendable job
Top finance ministry officials and members of Planning Commission on Friday gave a thumbs up to the Union Budget 2003-2004 saying Finance Minister Jaswant Singh had laid out a roadmap for greater flow of investment and industrial growth.
Budget to be presented on Friday is expected to carry out a "clean up" operation of tax administration besides measures to spur growth.
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