We are the World

Its a blog on Emerging Technologies, Music, Film reviews. Have to name this blog as "We are the world" as that particular song is one of my all time favourite written by Michael Jackson and Lionel Richie and sung by Multi-artist group of Dianna ross, Ray charles,Steve wonder,etc.

Friday, February 04, 2005

Budjet 2005 - A Curtain Raiser

'You can see a dream budget again. But you must wake up to make your own judgement. I believe VAT will be revenue enhancing, not revenue-reducing. Anyway, we have promised to compensate the States according to the agreed formula if there is a loss.'' - P Chidambaram, Finance Minister.

"We are working toward the creation of a regulatory framework in the infrastructure sector that would be transparent and independent and based on international best practices. We believe the Indian economy can absorb up to $150 billion of foreign direct investment in the infrastructure sector over the next 10 years ... We have to create the right environment in which public-private partnership can thrive". - Manmohan Singh, Prime Minister.

"We had a very successful meeting. It was part of the Budget discussions. Both Gross Budgetary Support and utilisation of foreign exchange reserves for infrastructure were discussed" - Montek Singh Ahluwalia, Deputy Chairman - Planning Commission after a meeting with the Finance Minister.


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