Capital, Mr Sinha!verseas acquisitions and listings with capital account libera
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.

Software industry relieved that FM spared the rod
Budget 2001-02 has given a boost to the software industry by including onsite services in software exports for tax exemption and allowing change of ownership in public listed software companies located in EPZ, EOU and STP without depriving them of tax benefit.

Whither Operation Knowledge?
The dream of the IT Minister, Mr Pramod Mahajan to make India a reservoir of IT skills Operation Knowledge has failed to catch Budget 2001's fancy.

E-nterprising Budget
First, it has provided the right stimulus to the capital market by waiving of corporate surcharge, reducing the dividend tax. Second, there will be more opportunities for companies to go in for an overseas listing as the proceeds can be used for acquisition.


  Govt spend on IT to boost domestic sales
  Tax holiday extended to broadband, ISP firms
  Sound economics