In an interview to CNBC-TV18‘s Manisha Gupta, SK Goel, former Principal Secretary of Government of Maharashtra and R Rameseshan of Rashtriya E-Market Services share their views on the challenges in the agricultural sector in India.
SK Goel, CMD, IIFCL, explains to CNBC-TV18 that the guarantee by the government and government agencies along with the special mandate to issue 20-year bonds will see increased investor interest in the issue.
SK Goel, CMD of IIFCL said the company is starting the credit enhancement facility whereby it is starting the first project which will guarantee bonds in market. However, he feels the product being a new one will take some time to settle in the market.
SK Goel, chairman of CBEC believes that the government has tried to strike a balance needed for fiscal consolidation by increasing duties only by 2%.
Tax authorities have warned top Indian carrier Jet Airways its bank accounts will be frozen if it does not clear outstanding dues of about 690 million rupees, local media reported on Sunday.
There is some relief for struggling carrier Kingfisher Airlines. CBEC chairman SK Goel has said that Kingfisher has cleared all service tax dues for the month of December.
The government has widened the service tax net. Infrastructure projects will attract service tax, while hospitals have been kept out.
In a panel discussion with CNBC-TV18, experts discuss on augmenting infrastructure to boast India’s growth story.