Will Stock markets revive after the budget?
|
Yes, right now that seems likely
|
Yes, if reforms move forward |
In the past, markets have fallen post budget |
| Yes, Sensex will hit 4000 in three
months |
Yes, because they can’t get worse |
Yes, that is my gut feeling |
| Will Interest rates fall after the budget? |
Can’t say |
They may, but government shouldn’t dictate
|
Yes, they most probably will |
| Yes, they will |
Yes, they could |
No, they shouldn’t, not by government
diktat |
Will the budget be high on promises again?
|
Action should dominate promise |
I expect more action
than promises
|
More action than promises |
| Difficult to say |
Tall promises will
be made again
|
Promises will rule over action |
Sinha’s biggest hurdle in this
year’s budget is:
|
Political opposition
to reforms
|
Political opposition
to reforms
|
Political opposition
to reforms
|
| Lack of support from bureaucracy |
Lack of credibility |
Political opposition
to reforms
|
| Is the budget becoming less Relevant? |
In the long term, its relevance will
decline |
In the long term yes, not this year |
High relevance today due to revenue
concerns
|
| |
Not now. Over the years, yes |
It should, but it
won’t this year
|
It should, but it
won’t this year |
| The consensus among the economists
was that Budget 2002 will lead to a moderate revival in sentiments
and economic growth. But for that momentum to sustain, Sinha will
have to come good on his promises. |
|
|
|
Arvind Virmani,
Adviser, Planning Commission
|
Indira Rajaraman,
RBI Professor, NIPFP
|
Suman Bery,
Director-General, NCAER
|
| The Big Idea |
I’d like to see the report on customs
duty reforms (suggesting ways to cut peak tariffs to 20 % in 3 years)
implemented.
|
Start a rural infrastructure project
and raise at least half the funds by taxing rich individuals outside
the tax net.
|
Attract strategic investors in one or
two mid-sized, reasonably well-managed public-sector banks.
|
| |
|
|
|
| |
Surjit Bhalla,
President, Oxus Research
|
Bibek Debroy,
Director, RGICS
|
S. Gangopadhyay,
Professor, ISI |
| |
Reduce personal income tax rate, abolish
all exemptions except a standard deduction of Rs 50,000.
|
Scrap Part-A of the budget speech to ensure
that it becomes just an income-expense account of the government.
|
Take out the proceeds
of disinvestment from the calculation of next year’s fiscal deficit
to help change mindset.
|
CURRENT
ISSUE MARCH 4, 2002
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