India Inc's demands to Arun Jaitley: 9 key points

Jun 07 2014, 13:14 IST
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SummaryIndia Inc meets FM Jaitley to seek clarity on tax policies, investment revival. Here are their key demands

India Inc on Friday spoke in a unanimous voice to the new government when it sought a revival in the investment cycle, clarity in tax policies and a boost to manufacturing. The issues were brought up at a pre-Budget meeting by finance minister Arun Jaitley with trade and industry leaders.

Here are the key demands from the corporates:

* REMOVE retrospective amendments, clarify tax laws

* FRESH thinking on Direct Taxes Code, implement goods and services tax

* TO PROMOTE manufacturing, lower limit for investment allowance

* REDUCE Cabinet Committee on Investment (CCI) limit to Rs 500 crore

* GRANT infrastructure status to affordable housing

* PHASED withdrawal of MAT and DDT to boost SEZ

* INTEREST rate for infrastructure projects funding

* TAX rebate for start-ups

* ACT on food inflation

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