 "'Dream Budget' to 'Millennium Budget': Here're India-specific snippets")
Everyman’s Budget dream
It came to be called the “Dream Budget”. Presented by P Chidambaram, Budget 1997-98 cut down personal income tax rates from 40% to 30%; reduced corporate tax rates; and encouraged higher investment from FIIs.
Eye on the future
It came to be called the “Millennium Budget”. Presented by Yashwant Sinha, Budget 2000-01 fuelled the growth of the IT sector. Among other things, it reduced customs duty on components vital to the IT industry.
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