India Inc's 3-point Budget wishlist

End tax terrorism, create fiscal space for greater public spends and increase the ease of doing business - the three point mantra that captains of India Inc are swearing by. Speaking on the sidelines of the "re-making India discussion by Mint for Budget 2015", industry leaders shared their wish list. India Inc is not mincing words in placing tax reforms, the highest on the agenda for the make India Budget 2015.Rajesh Sud, MD & CEO, Max Life Insurance says: “Tax reform is an urgent need. A lot is expected to end the ad-hocism and tax terrorism. The government's stance is welcome but needs to be followed up with action. GST sounds good, but why leave out alcohol. Some more edginess, instead of consensus politics is required.”Industry captains have also pointed at issues, varying from infra projects in a logjam to slashed health budgets to absence of stimuli for prospective defense players. A common thread, they claim, is the need for greater public spends.Kishore Jayaraman, President - India & South Asia, Rolls Royce, says: “The government needs to create more fiscal space. It can do so through its disinvestment scheme. Sale of land assets, spectrum sale, coal auctions will all be useful to generate cash in the system.”Meanwhile, stressing on the need to make India, before making in India - industry leaders are also pointing at the need to improve the "ease of doing business", with Pakistan and Nepal ranking higher than India.Krishna Kumar, vice-chairman & MD, Philips says: “There is a need to create a hospitable environment. Facilities such as arbitration, single window clearance, reducing the number of approvals required. Addressing these issues would be crucial for make in India.”India Inc assures that there is money on the sidelines waiting to participate for realizing the "Make in India" dream - but the onus, they say, is on the government to provide the cues.