New Delhi (NVI): With an aim of giving boost to the Indian economy, representatives of Industry, Services and Trade Sectors today submitted several suggestions regarding ease-of-doing-business to Finance Minister Nirmala Sitharaman as she held third round of pre-Budget consultations here.
The suggestions related to lowering of compliance burden, reduction of tax litigation, allowing self-certification in low-risk industry and decriminalisation of Tax and Company Laws.
The stakeholders also made suggestions for reduction of cost of equity capital, simplification and rationalisation with regards to duties and labour laws, adoption of international standards of Alternative Dispute Resolution, Export Development funds for helping MSME exporters and ease of investment flow into manufacturing sector, according to an official release.
The main areas of discussion during the aforesaid meeting included regulatory environment impacting private investment, measures for promotion of exports amidst rising protectionist tendencies, Industrial production, logistics, Media & Entertainment services & IT & IT enabled services among others, it said.
The Budget is expected to be presented by Sitharaman on February 1.
