With just about 40 days left to Budget 2011, finance minister Pranab Mukherjee today held discussions with top industrialists. Close to 18 CEOs and MDs including Ratan Tata visited North Block today to present their budget wishlist. Key demands include retention of the stimulus package, customs duty at 10% and a decrease in the corporate tax rate to 25%.
In an interview with CNBC-TV18, Hari Bhartia, President, CII and Amit Mitra, Secretary General, FICCI discussed India Inc's budget wishlist. Below is a verbatim transcript of the interview. Also watch the accompanying video. Q: Is it my imagination or does this budget wishlist pretty much mirror what we saw industry put out last year as well? Retention of the stimulus package, peak customs duty to be retained at 10%, MAT should not be higher than 50% of corporate tax rate, infrastructure status to healthcare, telecom and infrastructure and education, isnDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
