SME Times is powered by   
Search News
Just in:   • Distressed Jaypee home buyers seek government's intervention  • CII suggests creation of National Employment Board  • From merger, govt now looks to de-merge 3 PSU insurers then look for strategic sale  • April fiscal deficit at 0.75% of GDP  • Trump delays 10-city raids on illegal immigrants 
Last updated: 21 May, 2019  

India.Growth.9.Thmb.jpg Reduce interest rate, corporate tax, free up agriculture: Economist

india-industry
   Top Stories
» April fiscal deficit at 0.75% of GDP
» Manufacturing outlook moderates in Q1: FICCI survey
» Printing of Budget commences with Halwa Ceremony
» NSIC signs MoU on eGovernance services benefitting MSMEs
» DPIIT to work with industry for exports promotion: Goyal
SME Times News Bureau | 21 May, 2019

Economist and author Surjit Bhalla on Monday said that the agenda for the new government should include elimination of government intervention in agriculture sector, reforming labour laws and lowering the cost of capital through reduction in interest rate and corporate tax.

Speaking at FICCI National Executive Committee Meeting, Bhalla said that the first thing the new government should do is free up agriculture sector as every developing country in the world has first reformed its agriculture sector.

"We have got too much intervention by the government in agriculture," he said. While advocating elimination of MSP and PDS, he recommended expanding the income support system to the farmers.

Bhalla further suggested major cut in corporate tax by about 500 basis points across the board reducing the cost of capital which is one of the highest in the world.

Sandip Somany, President, FICCI said that the priority of the new government should be to bring back the economy on the high growth trajectory.

"The next government will have to plan for a robust reforms agenda that would not only boost consumer sentiment but will also create conditions for higher private sector investments and exports," he added.

Delivering the vote of thanks,  Sangita Reddy, Senior Vice President, FICCI expressed hope that the new government would take corrective measures to boost the economy.

In another NECM session on 'India's Elections: Journey/Verdict', Dr Prannoy Roy, Founder and Executive Co-Chairperson, NDTV noted that the country witnessed higher number of women voters compared to men in the just concluded Lok Sabha elections for the first time. 

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 24 Jun, 2019
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» MSMEs can now register delayed payment grievances online(2)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter