Will Budget 2015 boost manufacturing? Here's what India Inc wants

Budget 2015  is a little under a fortnight away and India Inc has a long wish-list .  CNBC-TV18 in its special show Budget 2015: The Make In India Budget ‘presents the areas and expectations during the show. Here are some of the points the video discusses:

FM Arun Jaitley is expected to stick to his fiscal deficit target of 4.1 percent and is expected to continue on the path of fiscal consolidation road-map.

“Have a roadmap to bring down fiscal deficit to below 3 percent over the next couple of years and we intend to maintain those targets,” said FM at the Davos 2015 meet.

Other topics include the minimum alternate tax (MAT) rate. It is expected that the FM will either cut or announce a differentiated rate.

In order to boost manufacturing, the FM is expected to announce new sops, tweak the Intellectual Property Right, change some provisions to help ease of doing business in India.

However, Rajiv Baja, MD  of Bajaj Auto  did not have a big wish list but hoped the FM did not announce only short-term measures to boost growth.

Bajaj said, “I have always been very skeptical and opposed to any kind of short-term sops, subsidies, incentives because I think what is unsustainable is unsustainable.”

For funding government schemes the FM may introduce a Cess levy on all consumer services. India Inc feels that a tax which is collected from the end user would be better suited for the purpose.