Key Highlights of Indian Budget 2003-04
1. Banking, Finance & Insurance Industry... click here
2. IT Industry ... click here
3. Personal Taxation & Finance ... click here
4. Others... click here
Budget strategy of Indian Government
. Fiscal consolidation through tax reform.
. Government to accelerate disinvestment in next fiscal year.
. To integrate services under tax net in 2003-04.
. To introduce value added tax (VAT) from April 1, 2003. National government to compensate States 100 per cent for VAT losses in first year.
. To continue proactive policy of pre-paying high-cost external debt and to buy back high- interest government bonds from banks.