Waiting for the new India

Article Abstract:

The Indian budget for 2000-2001 is not bold enough for India's needs. The budget deficit is estimated at 5.6% of the country's gross domestic product for 1999-2000, and will be a little over 5% in 2000-2001. There is a need to extnd the private sector to cover a number of state activities. Subsidies often benefit Indians who could easily pay. There have been moves toward progress, and there has been a reaction against inefficient provision of state services, though the governmenthas yet to offer the people what they are calling for.

Legislative Bodies, Budget, Editorial

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India looks east

Article Abstract:

India's Finance Minister Palaniappan Chidambaram introduced a budget on Feb 28, 1997, that cuts all personal income tax rates by 10% and corporate tax rates by 5%. It also reduces the import duties. The budget is designed to make India competitive with other Assoc of South-East Asian Nations.

Tax reform, Government spending policy, Nehru, Jawaharlal, Chidambaram, Palaniappan

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Harvesting India's reforms

Article Abstract:

The Rao administration's proposed FY 1993 budget calls for lower taxes and tariffs and increased public investment, while simultaneously lowering the deficit. The rupee is to be made convertible under the plan. The Rao government has brought inflation under control.

Rao, P.V. Narasimha

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