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| August 01, 2004 | COPYRIGHT 2004 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Business Today (India))

Byline: Ashish Gupta

The budget he presented on February 28, 1997, will always haunt Palaniappan Chidambaram, the young-looking 59-year-old lawyer (he also has an MBA from that Mecca of capitalist-philosophy, Harvard) who is now into his second term as India's Finance Minister after eight years in relative political wilderness-he was fm in 1996 and 1997, but wasn't even a member of Parliament from 1998 to 2004. Assorted economists, captains of Indian industry and busy-bodies flitting about from one television studio to another proffering similar sound-bites on Budget 2004 have pronounced their judgment: Budget 1997 was a ...

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