Industry groups call for rationalisation of I-T slabs, infra status for digital services in pre-budget meetings
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In the pre-Budget consultation meetings with Finance Minister Nirmala Sitharaman, the industry groups have called for rationalisation of income tax slabs, infrastructure status for digital services and incentives to hydrogen storage as well as fuel cell development.
The customary pre-budget consultation meetings were held with the finance minister virtually between December 15 and December 22. More than 120 invitees representing seven stakeholder groups participated in eight meetings, scheduled during this period.
The stakeholder groups include representatives and experts from agriculture and agro-processing industry; industry, infrastructure and climate change; financial sector and capital markets; services and trade; social sector; trade union & labour organisation and economists.
The stakeholder groups made several suggestions on various issues including increased R&D spending, infrastructure status for digital services, incentives to hydrogen storage and fuel cell development, rationalisation of income tax slabs, investments in online safety measures etc, among others.
