AUGUST 1, 2004
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Q&A: Jim Spohrer
One-time venture capital man and currently Director, Services Research, IBM Almaden Research Lab, Jim Spohrer is betting big on the future of 'services sciences'. And while at it, he's also busy working with anthropologists and other social scientists who look quite out of place in a company of geeks. So what exactly is the man—and IBM's lab—up to?


NBIC Ambitions
NBIC? Well, Nanotech, Biotech, Infotech and Cognitive Sciences. They could pack quite some power, together.

More Net Specials
Business Today,  July 18, 2004
 
 
Budget Impact

A bird's eye view rendition of what happens to what.

AGRICULTURE
» Outlay of Rs 8,000 crore for rural infrastructure
» Rural credit to be doubled over next three years

GROWTH
» The rural economy will benefit from increased investment
» Investment in new projects will spur growth

EXPORTS
» Emphasis on development of airports, seaports
» A new bill in the offing to regulate special economic zones

SERVICES
» Service tax rates raised from 8 to 10 per cent
» 13 more services brought under the tax net (but the sector's vibrancy will see the boom continue)

INFLATION
» The 2 per cent cess on all taxes will push up prices of virtually everything
» The increase in service tax (from 8 per cent to 10 per cent) will hike prices

FOREIGN INSTITUTIONAL INVESTORS
» The India story is still alive
» Budget's overall tone is reformist and its efforts to prune fiscal deficit, commendable

FOREIGN DIRECT INVESTMENT
» The India story is still alive
» Hike in foreign direct investment ceilings in telecom, civil aviation, insurance

JOBS
» 100-days gainful employment promised to one member of every poor family
» Launch of the Food for Work programme

INTEREST RATES
» Government to continue with a benign interest rate regime

FISCAL DEFICIT
» Non-plan expenditure is estimated to be lower at Rs 323,239 crore than the Budget estimate of Rs 349,787 crore
» A special drive to recover arrears will add Rs 8,000 crore to the government's revenues

 

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