The Hindu Business Line : Friday, March 01, 2002

Sinha lands a knock-out punch -- Rs 12,700 cr extra taxes on individuals, corporates
FOR an economy starved of fresh investments and jobs, Mr Yashwant Sinha, could probably have done much more than what he did today. Indeed, for a large section of Indian industry and consumers alike, the Finance Minister's Budget 2002-03 turned ... More

Sensex goes south
THE stock markets today turned their face firmly against Mr Yashwant Sinha's Budget proposals as share values dived , with a number of active scrips hitting the lower circuit breakers. While the 30-share benchmark Sensex plunged four per cent ... More

Few carrots for pvt investment
IF one had expected a number of measures from Mr Yashwant Sinha to spur private investment, there was only disappointment. One would have to drive down to the farm to look for a business opportunity the Budget created. Manufacture of some ... More

Dividend brings Rs 1,500 cr
THE decision of the Government to shift the incidence of taxation of dividends from the companies distributing such dividends to the recipient shareholders will translate into extra revenues of about Rs 1,500 crore for the exchequer. The ... More

In Gujarat, bandh pips Budget
FOR Gujarat, arguably a strong claimant to the mantle of the most industrialised State in the country, the Union Budget remained a non-issue on Thursday. Instead, it was a day marked by selective arson and looting across the State and much of ... More

Changes galore for individual taxpayers
Rate of Sec 88 rebate can no longer be taken for granted. Currently, there are two rates - 20 and the accelerated 30 - for low-income assessees. While there is no change in the latter case, the former is going to be hit if the gross ... More

10 more services come under tax net -- Rs 1,400-cr additional mop-up seen
THE next time you pay your life insurance premium, be prepared to dish out 5 per cent extra as service tax. As expected, the Finance Minister has brought 10 more services under the tax net, recognising the growing contribution of this segment to ... More

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Budget 2002-03