Capital, Mr Sinha!verseas acquisitions and listings with capital account liberalisation FMr has unleashed their wildest fantasies by giving them the freedom to acquire shares in foreign companies up to an amount of $100 million that's the piffling bit, actually or, an amount equivalent to ten times their exports Converging on customs duties Budget 2001 has drawn a spectrum of reactions: the media and entertainment industry is thrilled, telecom players are lukewarm, and IT pundits call the duty changes a ``big let down''. Tax noose tightens around foreign telecasters The Budget proposals have come as a blow for private television companies which were enjoying benefits under the guise of FTCs. Govt spend on IT to boost domestic sales Tax holiday extended to broadband, ISP firms Sound economics
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