Survey calls for more FDI, wants changes in sops, taxes etc

- Introduce new income tax code

On fertilisers:

- Decontrol sugar and fertiliser industry

- Cut oil, fertiliser, food subsidy leakages
- Convert producer subsidies into direct consumer subsidies

On telecom:

- Auction spectrum and make it freely tradeable
- Separate telecom licenses from spectrum allocation

Pharma booster:

- Remove price control on all drugs

On fuel:

- Limit LPG subsidies to 6-8 cylinders per year

- Oil subsidy only to non-electrified, non-LPG homes

Others:

- Link small saving rates to gilt and bank deposits
- Review customs duty exemptions
- Eliminate inverted duty structure
- Convert specific textile duties to ad velorum