Centre proposes to reduce the basic customs duty on specified textile machines, including shuttle-less looms, from 15% to 5%.
Budget estimates
- The target of 5.1% of fiscal deficit in 2000-01 has been achieved first time in many years.
- Total expenditure in the budget estimates for 2001-2002 is estimated at Rs 3,75,223 crore, of which Rs 100,100 crore is for plan and Rs 275,123 crore for non-plan.
- The budget support for Central, State and UT Plans placed increased by Rs 13,862 (16%) crore over revised estimates 2000-2001 to Rs 100,100 crore.
- Gross budgetary support for Central, State and UT Plans placed increased by Rs 48,269 crore in the revised estimates 2000-2001 to Rs 59,456 crore in 2001-2002.
- Central Plan assistance to States and Union Territories in 2001-2002 increased to RS 40,644 crore from Rs 37,969 crore in the revised estimates 2000-2001
- Non-plan expenditure in 2001-2002 is estimated to be Rs 2,75,123 crore compared to Rs 2,49,285 crore in Revised estimates for Rs 2000-2001.
Back To Reforms, Are We? 
Analysts Cheer Budget 
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