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Pre-Budget meeting: India Inc tells Centre to boost non-debt receipts

Pre-Budget meeting: India Inc tells Centre to boost non-debt receipts
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

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India Inc makes case for fresh fiscal stimulus, more steps to boost growth

India Inc makes case for fresh fiscal stimulus, more steps to boost growth
Kateryna Babaieva
India Inc on Monday urged Finance Minister Nirmala Sitharaman to take growth-oriented steps, including a fresh fiscal stimulus, in the next budget to maintain the pace of recovery in the economy, which has gone through a rough patch on account of the outbreak of coronavirus pandemic.
In the virtual pre-budget consultation meeting with the minister, the captains of Indian industry suggested lowering direct tax rates for individuals, more incentives for housing sector and rationalisation of GST structure with a view to boost growth.
The industry chambers also made a case for accelerating infrastructure investment, privatisation of state-owned companies and greater tax incentives for research and development activities. ....

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Pre-Budget consultations: Divestment, fiscal deficit, infra push feature in FM meeting with industry

Pre-Budget consultations: Divestment, fiscal deficit, infra push feature in FM meeting with industry
The meetings with industry chambers will be followed by two-day consultations with stakeholders of financial sector and capital markets.
December 15, 2020 3:12:35 am
Finance Minister Nirmala Sitharaman during a meeting with industrialists at North Block in New Delhi on Monday. (PTI)
Finance Minister Nirmala Sitharaman held her first pre-Budget meeting with top industrialists on Monday amid expectations of the government presenting “growth-oriented Budget to boost economic activity recovering from effects of Covid.”
The meetings with industry chambers will be followed by two-day consultations with stakeholders of financial sector and capital markets. Aggressive disinvestment of state-owned companies, government reducing its stake in most public sector banks (PSBs) below 50 per cent, managing the fiscal deficit over a three- ....

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India Inc seeks growth-oriented budget, higher health spend from FM

Finance Minister Nirmala Sitharaman on Monday kick-started her pre-Budget consultations with industry leaders. They urged her to present a growth-oriented Budget for 2020-21, even if fiscal consolidation was pushed for later years. Industry representatives also called for enhancing spending on health care, given the Covid-19 pandemic.
“The Confederation of Indian Industry (CII) has suggested that the Budget proposals focus on growth and alongside look at fiscal management from a three-year perspective. Aggressive disinvestment and monetisation of assets can augment government revenues at a time when tax revenues have fallen sharply,” said chamber President Uday Kotak.
The Federation of Indian Chambers of Commerce & Industry (Ficci) suggested that the Budget must prioritise growth-oriented measures, and fiscal considerations should be secondary. “The need for further fiscal stimulus remains,” it said. ....

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Union Budget 2021 | Focus On Growth, Look At Fiscal Management From A 3-year Perspective: CII To FM Nirmala Sitharaman

Union Budget 2021 | Focus on growth, look at fiscal management from a 3-year perspective: CII to FM Nirmala Sitharaman
The CII, in its recommendations for Union Budget 2021 to Finance Minister Nirmala Sitharaman, has said the government expenditure should be prioritised in three areas: infrastructure, healthcare, and sustainability, and that disinvestment and monetisation of assets can bring in revenues at a time when tax revenues have fallen sharply.
December 16, 2020 / 09:30 AM IST
The Confederation of Indian Industry (CII) has forwarded a three-pronged strategy for Union Budget 2021, centering around the key themes of growth, fiscal consolidation, and strengthening of the financial sector targeted to overcome the impact of the COVID-19 pandemic on the economy. ....

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