Union Budget 2015: Need to lower exemptions, moderate tax rates: Sunil Munjal

There is a need to bring down exemptions and moderate tax rates, is the word coming in from Sunil Munjal, joint managing director of Hero MotoCorp and senior member of CII. He also expects finance minister Arun Jaitley to focus on manufacturing, infrastructure and logistics sectors. He is hopeful that the FM will look into labour reforms as well.

Chairman of the Global Emerging Markets committee Rajiv Memani will look for announcements on funds for policies announced recently.

On the other hand, chairman and managing director of Biocon Kiran Mazumdar-Shaw is looking for strong measures to incentivise investment in the Budget. She hopes to see major announcements with respect to start-ups.

For entire discussion, watch accompanying videos.