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:

 Will Budget 2015 boost manufacturing? Heres what India Inc wants

File image of Arun Jaitley. PTI image

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.

 

 

Updated Date: Feb 21, 2015 13:37:00 IST



Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

CORONAVIRUS

COVID-19 Information Centre

  • 24 hrs. helpline no. -
  • +91-11-23978046
  • 24 hrs. toll free no. -
  • 1075

India

  • Active Cases

  • Total Confirmed

  • Cured/Discharged

  • Total DEATHS

*change over the previous day
Data Source: Ministry of Health and Family Welfare, India
Updated: May 26 (08 AM)
Hospitals & Testing centres

World

  • Active Cases

  • Total Confirmed

  • Cured/Discharged

  • Total DEATHS

*change over the previous day
Data Source: Johns Hopkins University, U.S. (www.jhu.edu)
Updated: May 26 (08 AM)
Hospitals & Testing centres