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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: vip who wrote (3790)	2/27/1999 8:48:00 AM
From: Mohan Marette	Respond to of 12475

India-Budget (1999-00) Highlights, Expert Opinion. vip: In case you are interested in this sort of thing. Government of India-Ministry of Finance homepage nic.in nic.in Budget Seech by Finance Minister Sinha from the Ministry of Finance. Government of India Ministry of Finance Union Budget 1999-2000 Budget Speech of Hon'ble Finance Minister Shri Yashwant Sinha Sir, I rise to present the budget for the year 1999-2000. Introduction 2. For the first time after Independence with the enthusiastic support of all political parties in Parliament, it has been possible for me to discard the long standing tradition of British Raj of presenting the budget at 5 PM. A new beginning is being made today as I present the last Budget of 1900's. I assure you this is not the only new feature. There are many more in this budget. The Economic Context 3. The decade of the nineties has witnessed extraordinary changes. It began with the collapse of the centrally planned economies; it is ending with market economies facing a serious crisis. 4. The year 1998 particularly has been a year of unprecedented global turmoil. The East Asian financial crisis took a heavy toll of important economies in the region and spread to other countries. Japan continued in recession and in August 1998 severe crisis afflicted Russia. By January 1999, the contagion had spread to Brazil triggering massive capital flight and a steep depreciation of the currency. World output growth dropped below 2%, the growth of world trade decelerated sharply, commodity prices fell steeply, currencies were savaged and capital flows to developing countries declined sharply. ............... nic.in Highlights and opinion business-standard.com