Industry bodies seek I-T relief, capex focus - Qoneqt
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    Swayam Karle in India

    21 Jun 04:43 AM


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    Industry bodies seek I-T relief, capex focus

    Corporate leaders emphasize capital expenditure, fiscal consolidation, and boosting consumption in a meeting with Finance Minister Nirmala Sitharaman. Assocham proposes raising the basic income tax exemption limit, doubling standard deduction, and supporting climate-resilient initiatives. Ficci highlights the need for tax regime simplification and support for MSMEs and agriculture sector, aligning with pre-budget discussions on sustaining economic growth.