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ISSUES COVERED

What is India DAILY ROUND-UP

Friday, 9 July 2004, 1700 hrs

NATION & STATES
Budget shifts terms of trade in favour of rural economy, defence gets more
The UPA government's first budget has shifted the balance in favour of the rural economy, and enhanced the defence outlay by about Rs 12,000 crore.
..

BUSINESS & ECONOMY

Finance ministry survey bullish on growth
Finance minister P Chidambaram released his Economic Survey on Wednesday, setting his sights on 8 per cent growth, and indicating that reforms would continue....

FEATURED STORIES


Asia Times
Democracy flowers,with a few weeds
Indonesia's first direct presidential election is being hailed as the final step in the transition from dictatorship to democracy, though it's 
an imperfect democracy, still marred by religious, racial, gender, and patronage issues, writes Richel Langit...

Tribune
Kashmir: Dissent should be respected

Being a former colonial power and the host of a large South Asian diaspora, Britain has been a congenial home for the activities of many 
dissenting and rebel groups of the region, writes BALRAJ PURI

The Hindu

Guantanamo, Gaza and India
The Guantanamo Bay majority judgments effectively authorise American forces to detain anyone innocent or otherwise in the war zone, leaving them to challenge not the basis but broadly the conditions and length of detention, writes RAJEEV DHAVAN.

Tribune

Clinton: A life beyond charm and gossip

The massive print-run of former President Bill Clinton's autobiography and its appearance a few months before the Presidential elections is 
not an arbitrary move. In fact, no publishing date is chosen at random; behind it stands a full subterranean agenda, says SHELLEY WALIA...

Asia Times

Playing politics, Afghan style

Man of letters, former exile, and now presidential candidate in Afghanistan's upcoming elections, Latif Pedram, tells SAFA HAERI in Europe what he believes needs to be done in the country, and confirms that the 
Taliban are very much in the picture. 

 TOP PICKS


OPINION

A commendable budget (Tribune)
Secretaries: Ministers in disguise (Tribune) 
A worthy first attempt (Hindu)
A desi budget (Deccan Chronicle)



 What is India ABSTRACTS
COMING SOON!

This column will feature annotated abstracts of editorials and opinions published in newspapers across India

 BUDGET HIGHLIGHTS
0.15% securities turnover tax comes into play
Income up to Rs 1 lakh exempt
Service tax hiked from 8% to 10%
No change in interest rates on small savings
No excise on handlooms, powerlooms; peak customs duty stays at 20%
FDI in telecom hiked to 74%; insurance 49%; civil aviation 49%
No excise duty on tractors, computers
Auto R&D to get 150% tax exemption
Banks & FIs to pool Rs 40,000 crore for funding infrastructure projects
Rs 30,000 crore to be spent every year on water projects
 CORPORATE HEADLINES
Proposals seen long on intent
Bounty for shipping companies
Depreciation allowance relaxed
10% Tax On Booking Companies
More Rural-centric Now
Kale rebrands Cognosys
Subex expands in Middle East
WiL becomes Radico's subsidiary
Maruti hikes car prices
 EXCHANGE
Dollar: Rs 
Pound: Rs 
Euro: Rs 
Yen:  (100) Rs 
 INSCRIPTIONS
From South India 
Original texts from four states, transcribed from a definitive volume  published by the Archaeological Survey of India
ONLY ON WHAT IS INDIA

 SOURCES
Deccan Herald
Indian Express
Hindustan Times
The Hindu
Pioneer
Economic Times
Times of India
Statesman
Tribune
Business Standard
Business Line

 

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