ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Budget 2001-2002Subscribe to Budget 2001-2002

A Risk Perspective on the Union Budget 2001

Since the government has claimed to initiate second generation economic reforms with the budget for 2001-2002, it is useful to discuss the budget proposals with reference to their impact on the incidence of risk and the risk-bearing ability of the central government.

Indirect Taxes: More Said than Done

The finance minister claims to have reduced the number of rates of excise and customs duties. A closer look at the Budget does not bear out this claim. Neither in terms of reducing the number of rates nor of progress in doing away with the maze of exemptions can the Budget claim to have made significant progress in the direction of reform of the system of indirect taxation.
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