What India Inc Wants From Budget 2013?

Godrej concluded telling that “There is no question that he (Finance Minister) is in a difficult position but the best way to tackle this difficult situation is to collect more taxes through higher growth, not through higher rates of taxes. India has never been successful in increasing rates of taxes whether direct or indirect.  In fact it has been the other way round. So, we have not asked for a reduction in excise duty or service tax, but clearly stated that there should be no increases either.”

Anand Mahindra, Chairman of Mahindra & Mahindra said that the Finance Minister was more interested in boosting up investments, to utilize investments from overseas. He also added, "We are on the verge of making a very major investment but we are held up by an uncertain regulatory regime that is all this talk about taxes on diesel cars,"

At last, both Ficci and CII concluded that the current levels of excise duties can be maintained if they gets lowered.

Also Read:
Consulting Top Choice For Business Students
India To Be Among 3 Largest Economies By 2050: Pwc