'Dream Budget' to 'Millennium Budget': Here're India-specific snippets

Budget 1997-98 reduced corporate tax rates; and encouraged higher investment from FIIs

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.