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March 20, 2002
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THE REDIFF BUDGET SPECIAL
Union Budget 2002-2003: Complete Coverage

MARKET REPORT
Last-minute buying lifts Sensex by 21 points
Zee, Bhel, HLL, RIL, RPL and ITC gain. GACL and Infosys lose.

TOP HEADLINES
Sinha's Parting Gift for Retiring Employees
RBI eases share-issue rules for pvt banks
Bangalore attracts most entertainment shows
Huawei to launch 3G product made in India
RBI urged to cut bank charges on exports
BPCL told to finish projects before selloff
Cipla in WHO AIDS drugs supplier list
- - More

CORPORATE HEADLINES
Wipro completes Pepco Services (US) project
Knoll Pharma Q1 results on March 27
Mahindra & Mahindra announces VRS
Soni Infosys implements e-governance
Aurobindo Pharma allots shares/warrants
- - More

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COLUMN
Is Star TV looking to replace NDTV...?
The buzz is that Star TV and Prannoy Roy's New Delhi Television Ltd may part ways, throwing up for grabs the most powerful news and current affairs channel in the country, says Sucheta Dalal.

STOCK TALK
'Market seems sluggish'
'We are experiencing a correction. However, the market will recover shortly. Media will be an important sector,' says Ramesh Shrichand Damani.

DAILY TECHNICALS
Trading strategy for March 21, 2002
Sensex, Digital Global, Aftek Infosys, Mastek, Polaris... check out what you can do on Thursday.

INTERVIEW
'It's a Budget of missed opportunity'
While Sinha did pay some attention to agriculture and the reforms process, more radical measures were necessary, says Dr M S Swaminathan an eminent agriculture scientist.

'Budgets have lost their credibility'
'No one is ever pulled up for not implementing the promises made in the Budgets,' says Subodh Bhargav, former president, CII.

'It is a positive Budget'
"I think people have not understood what the finance minister wants to do. The cost of production of a lot of companies will reduce now," says Rahul Bajaj, chairman, Bajaj Auto.

'The Budget needs to lose its relevance'
'Once policies are set and taxes are rationalized, the Budget should not have mystique that it has today,' says Finance Minister Yashwant Sinha.

'Aid has made us a nation of beggars'
'I have always believed in trade, not aid. Development aid should come down to zero. India must behave like a self-confident economy which believes in trade,' says Jairam Ramesh.

SPECIAL
'A Budget that lacks overall vision'
'Sinha's own qualities, his position in his party, and the political pressures it faces as the principal partner of a loose coalition, have all contributed to this variable performance,' say analysts.

Unravelling the mysteries of state-level performance
Jeffrey D Sachs, Nirupam Bajpai and Ananthi Ramiah study why Kerala's economic performance has been mediocre, while Rajasthan and Madhya Pradesh have shown relatively faster growth.
Why some Indian states have grown faster than the others?

TUTORIAL
Budget Basics: Balancing the books
How does the government balance its books? How are fiscal and budgetary deficits calculated? How are these deficits made good...? Check out!

SLIDE SHOW
Sinha's Budget 'disappoints' India Inc

2001: THE YEAR THAT WAS..
What the year 2001 was like for India Inc
Marred by the stocks scam and Sept 11 terrorist attacks, economic reforms took a backseat in 2001 making prospects of recovery more difficult...

THE BUDGET & GOVT POLICIES
The Rediff Budget 2002-03: Complete coverage
Economic Survey 2001-02: Complete coverage
Rail Budget 2002-03: Complete coverage
The Credit Policy: Complete coverage
Exim Policy 2001-02: Complete coverage

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In Focus
The UTI Crisis
Capital Market Crisis
Options Guide

Interview
Sami Zoghbi on Indian tourism
Cyrus Nallaseth on US immigration

Earlier interviews

Columns
- Sucheta Dalal on
Enron fallout

- R C Murthy on
  the Budget 2002-03

  Money Poll
  Should the FM roll back the tax hike he has announced?
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Can't Say




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Special
- 'How we built Infosys
  from scratch'
- IT industry woes
- Firms withdraw job
  offers; students panic
- Berkshire weekend
- K V Kamath and ICICI
- The Simputer!
- Salary hikes slashed
- Impact of WTO
- Kerala tourism
- Oil sector boils over
- IIM placements
- More...

Tutorials
- Union Budget

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