Wednesday, March 1, 2000, Chandigarh, India

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No change in personal IT rates, exemption limit

Over 28 per cent more for defence
Cenvat replaces Modvat
NEW DELHI, Feb 29 — The Union Finance Minister, Mr Yashwant Sinha, today confined his proposed “harsh” decisions in the Union Budget for 2000-2001 to the urban elite and attempted a further rationalisation of excise and customs rates to mobilise an additional Rs 5080 crore.
Finance Minister Yashwant Sinha arriving at Parliament House. PTI photo

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THE TRIBUNE SPECIALS
50 YEARS OF INDEPENDENCE

TERCENTENARY CELEBRATIONS
What Budget proposes

REACTION
Budget lacklustre, says Opposition
NEW DELHI, Feb 29 — The Opposition parties today criticised the Union Budget proposals as being ‘anti-poor’ and ‘anti-farmer’ with the Congress describing it as ‘lacklusture and pedestrian’’ Budget.

Stock market crashes
MUMBAI, Feb 29 — Stocks crashed from their early highs and went roller-coaster to create a record intra-day fall of 520-points in the sensex on the Bombay Stock Exchange as the Budget proposals turned out to be a damp squib for the capital market, triggering distress selling in economy stocks.
ON OTHER PAGES
Rs 676.64 cr outlay for Chandigarh
NEW DELHI, Feb 29 — The total expenditure for the Union Territory of Chandigarh for 2000-2001 has been fixed at Rs 676.64 crore up from Rs 632.16 crore last year. This is marginally higher than the revised estimates for 1999-2000 of Rs 676.39 crore.

GPF interest rate cut
NEW DELHI, Feb 29 — The interest rate of General Provident Fund is being reduced by 1 per cent to 11 per cent from April 1 this year.

Former cricket captain declares 16 cr under VDIS
NEW DELHI, Feb 29 — A former Indian cricket captain disclosed details of Rs 16 crore through the voluntary disclosure of income scheme in Bhopal, according to Income Tax Commissioner Vishwa Bandhu Gupta.

NEW DELHI: SHABANA AZMI ARRIVING AT PARLIAMENT FOR THE BUDGET SESSION IN NEW DELHI ON TUESDAY. PTI PHOTO
EARLIER STORIES
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IN  PASSING

You can now go to www.cigarettesmoke.com for your fag!
by Sandeep Joshi
Bibi can’t attend meeting: Satlani
AMRITSAR, Feb 29 — Giani Puran Singh, Jathedar, Akal Takht, may face yet another setback as Justice Kuldip Singh (Retd), former President of the World Sikh Council and a confidant of Bhai Ranjit Singh, has categorically stated that he will not attend the meeting of the 12-member executive committee to be held at Akal Takht tomorrow.
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Editor, Printer and Publisher : Hari Jaisingh
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Copyright : The Tribune Trust, 2000.