States role in reforms stressed
Finance Minister Yashwant Sinha said that states will be involved as equal partners in second generation economic reforms and indirect tax reforms started last year will be carried forward in the coming Union Budget.



Sensex above 5,000
Share values ended the last trading session of the millennium on a bullish note on the Bombay Stock Exchange (BSE) with technology stocks leading the year-end rally.



RBI's warns over Govt debt, worsening finances
The Reserve Bank of India (RBI) has expressed concern over the growing government debt and deterioration in its finances and warned that such a trend would affect the investment climate in the country.



Other headlines
Tax breaks for venture funds
Import duty on sugar, edible oil increased
Drug prices hiked
Hutchison Max open to acquisitions, mergers