Budget 2015-16 wishlist News

Private power producers have sought customs duty relief on imported coal for thermal plants, saying the levy is "increasing the cost of electricity generation and burdening the common man".

Automobile industry body SIAM wants Finance Minister Arun Jaitley to reduce excise duty on automobiles in the upcoming Budget to help the sector combat demand slowdown.

The Centre should restore the North East Industrial and Investment Promotion Policy, 2007, to give a boost to manufacturing and commerical activities in the region, an industry body said today.

Days ahead of the Budget, Reserve Bank Governor Raghuram Rajan on Wednesday pitched for increasing the tax exemption limit on financial investments by individuals from Rs 1.5 lakh a year.

To ensure success of newly created REIT (Real Estate Investment Trust) structure, property developers and consultants have sought more tax incentives in the upcoming union budget on investments through this route.

Surendra Mehta, secretary of The Bombay Bullion Association Ltd shared his views on expectations of the gems and jewellery sector for the Budget 2015.

GSM industry body COAI has suggested that telecom goods manufactured in the country in special economic zones (SEZs) should be exempted from basic customs duty.

The Indian information technology (IT) industry is to seek the government`s help to do away with the four percent duty on imported electronics components as that is becoming counter-productive.

JK Tyre & Industries has sought revision in inverted duty structure in the forthcoming Budget, saying it will offer a level-playing field to local tyre manufacturers.

The government needs to continue with economic reforms, rationalise taxes and lower cost of funds to boost investments and lay the foundation for double-digit economic growth, FICCI's new president Jyotsna Suri said.

The Mines and Steel Ministry has sought import duty hike on finished steel products to 10 percent, besides complete withdrawal of the levy on imports of steel-making inputs such as iron ore and coking coal in the coming Budget.

Top officials from IT, BPO and eCommerce sectors today requested Finance Minister Arun Jaitley to address certain issues related to taxation in the Budget 2015-16, and provide incentives for setting up data centres in the country.

IT industry body Nasscom Wednesday said the government needs to address regulatory and tax challenges for technology start-ups and SMEs, which are driving a new phase of growth for the over USD 100 billion sector.