Goods & services tax must be passed in Budget: Adi Godrej

The Union Budget will be presented on March 16 post the State elections. This could be the UPA government's make-or-break Budget. The economy is going through a slowdown. The bureaucracy is in a state of paralysis and corporate India is suffering from a bout of depression.
Given these fiscal and political constraints can Pranab Mukherjee change the mood of the nation? Will he present an agenda for growth or a statement of accounts?

Adi Godrej, president designated of the Confederation of Indian Industry and chairman of Godrej Industries says there are two things that need to be done very strongly. "One is to provide some incentives for the economy to grow and secondly, fiscal balance must be maintained."

To his mind, the Finance Minister should work extremely hard to see that the goods and services tax is passed during the next financial year. The other major thing he needs to do is to ensure disinvestment.

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