Focus on non-tax options for revenues: CII tells Govt
Sai Nikesh | The Dollar Business The Confederation of Indian Industry (CII) on Monday, while expressing hope that the government would focus on narrowing fiscal deficit in the upcoming budget for 2015-16, suggested the government to explore on implementing non-tax policies for achieving better revenues. Despite the revenue collections through huge taxes, the CII suggested that the government shall focus on non-tax options like increased disinvestments, effecting dilution of residual government shares in private companies as well as going ahead with sale of spectrum and mineral blocks, to garner revenues. The Confederation also suggested the strategic sale of loss-making Public Sector Units to raise revenues. The CII Director General Chandrajit Banerjee was quoted to have said the sources ...
