India Inc now pins its hope
on the Budget 2002-03, as 59 per cent CEOs are expecting the
Budget to stimulate growth and the economy to revive in the
next six months to one year.
Faster recovery of bad loans
needed a more active and closer cooperation between banks and
debt recovery tribunals, a high-level meeting has concluded.
The sugar industry has urged
finance minister, Yashwant Sinha and petroleum minister, Ram
Naik to give some fiscal incentive, to the oil companies engaged
in blending 5 per cent ethanol with gasoline, in the forthcoming
Union Budget.
Planning Commission member
NK Singh has taken up the cudgels on behalf of the ailing steel
industry and is examining ways to give a much-needed boost to
the sector through fiscal initiatives in the next Budget.
