CII on Budget: Help restore higher domestic savings rate

Jul 05 2014, 13:58 IST
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The government should announce concerted measures in the Budget to scale up domestic financial savings through fiscal means. (Photo: Reuters) The government should announce concerted measures in the Budget to scale up domestic financial savings through fiscal means. (Photo: Reuters)
SummaryThe first Budget of the Narendra Modi government would do well to initiate steps that would restore domestic savings...

to Rs 12 lakh at present.

CII said these measures would give an impetus in raising the domestic financial savings rate through all major financial investment vehicles.

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