NEW DELHI : On the second day of Pre-Budget consultations on Thursday, Union Finance Minister Smt Nirmala Sitharaman met representatives of India Inc . and listened to their suggestions, which included increasing the capital expenditure, simplifying the tax regime and introducing new production-linked incentive ( PLI ) schemes.
Sanjiv Puri, President of the Confederation of Indian Industry (CII) suggested that the capex spending should be increased by 25 per cent over the revised estimate of 2023-24.
Puri also demanded a high-powered expert group be set up to review the Fiscal Responsibility & Budget Management (FRBM) Act. Enacted in 2003, the […]
Full Post at indiashippingnews.com