Videocon Group Chairman Venugopal Dhoot said the I-T exemption limit for common man be hiked to Rs 5 lakh, from Rs 2 lakh at present.
Gems and Jewellery Export Promotion Council Chairman Vipul Shah asked Finance Minister to scrap import curb on gold.
"High on the government's priorities should be to adhere to the path of fiscal consolidation while not compromising on the quality of adjustment. It is critical to signal control over policymaking with the objective of improving the growth-inflation balance in the economy," Assocham President Rana Kapoor said.
In a statement Finance Ministry said the major suggestions received from the representatives of different industry and trade groups, including following the path of fiscal consolidation, curbing inflation especially food inflation, deferment of GARR for at least next three years, no retrospective amendments in tax laws henceforth.
Other suggestions include transparency, especially those relating to transfer pricing, encouraging foreign subsidiaries of Indian companies to bring back the money by exempting dividend from MAT, no MAT on exempted income such as long term capital gains, etc, among others.