FERTILISER
FERTILISER ASSOCIATION OF INDIA
* Fertiliser subsidy allocation should be raised to 800 bln rupees to clear subsidy dues and ensure adequate resources for timely payment to companies.
* Urea imports should be de-canalised, as it would lead to a substantial saving in fertiliser subsidy.
* Fertiliser companies should be compensated for loss incurred on sale of bonds issued in lieu of cash subsidy in 2007-08 and 2008-09.
* Tax holiday should be provided to all new fertiliser units to attract fresh investment in the sector.
* Customs duty on key inputs such as liquefied natural gas, ammonia hosphoric acid, rock phosphate, sulphur and sulphuric acid should be scrapped.
.
V.K. SHARMA, CHAIRMAN AND MANAGING DIRECTOR, NATIONAL FERTILISERS LTD
* Tax incentives for setting up greenfield and brownfield fertiliser projects.
* Adequate and steady gas supply to help naphtha and fuel oil-based
fertiliser units convert to gas.
* Urea pricing as well as imports should be completely decontrolled.
.
P.S. GAHLAUT, MANAGING DIRECTOR, INDIA POTASH LTD
* The government is likely to only reiterate its intent to introduce
nutrient-based policy in urea, there will not any concrete measures detailed
in the Budget.
* The government may also announce its intention to pass on fertiliser
subsidy directly to farmers instead of routing it through companies, but
there too a concrete action plan is unlikely.
.
TEXTILES
MANISH MANDHANA, JOINT MANAGING DIRECTOR, MANDHANA INDUSTRIES
* Reintroduce Technology Upgradation Fund Scheme wherein banks gave term loans
at lower interest rates.
* Reinforce Section 80 HHC of Income Tax Act that exempts income from export.
* Curb cheap imports from countries such as China and Bangladesh.
.
B.G. JAIN, CHAIRMAN AND MANAGING DIRECTOR, NAKODA
* Bring excise duty on polyester yarn at par with cotton to 4% versus 10%.
.
ARUN AGARWAL, EXECUTIVE DIRECTOR, SURYAJYOTI SPINNING MILLS
* Reintroduce Technology Upgradation Fund Scheme.
.
SHISHIR JAIPURIA, CHAIRMAN, CONFEDERATION OF INDIAN TEXTILE INDUSTRY
* Lower excise duty on synthetic fibre to 4% from the current 10%.
* Extend interest subvention of 2% until Mar 31, 2012.
* Immediate revival of Technology Upgradation Fund Scheme.
.
SUNIL KHANDELWAL, CHIEF FINANCIAL OFFICER, ALOK INDUSTRIES
* Immediate restoration of the Technology Upgradation Fund Scheme.
* Extend technology upgradation fund scheme to include continuous polymerisation
yarn, partially-oriented yarn, and full-draw yarn.
* Cut basic custom duty on polyester stable fibre, partially oriented yarn.
* Cut basic custom duty on textile machinery to 5% from 7.50%.
.
MUTUAL FUNDS
============
A BALASUBRAMANIAM, CHIEF EXECUTIVE OFFICER, BIRLA SUN LIFE MUTUAL FUND
* Tax benefit for long-term investments in debt schemes.
.
SANDESH KIRKIRE, CHIEF EXECUTIVE OFFICER, KOTAK MAHINDRA MUTUAL FUND
* Abolish securities transaction tax from equity mutual fund schemes.
* Continue tax benefits available for equity linked savings schemes.
* Accord equity status to Fund-of-funds schemes.
.
VIJAI MANTRI, MANAGING DIRECTOR and CHIEF EXECUTIVE OFFICER, PRAMERICA MUTUAL
FUND
* Tax sops on investment products.
* Preferential tax for diversified equity schemes, systematic investment plans.
* Long-term capital gains only for investments redeemed after three years.
* Enhanced investment limits in infrastructure funds.
.
AUTOMOBILE
==========
MAYANK PAREEK, MANAGING EXECUTIVE OFFICER, SALES & MARKETING, MARUTI SUZUKI
* Relaxed excise duty structure on small cars should continue.
.
ROY KURIEN, NATIONAL BUSINESS HEAD, INDIA YAMAHA MOTOR
* Status quo on current excise duty structure on automobiles.
* Credit availability for two-wheeler loans at reasonable rates.
* Customs duty on steel, aluminium should not be raised.
.
PAWAN GOENKA, PRESIDENT, SOCIETY OF INDIAN AUTOMOBILE MANUFACTURERS
* No rollback of excise duty, especially if India is moving towards GST.
.
SRIVATS RAM, PRESIDENT, AUTOMOTIVE COMPONENT MANUFACTURERS ASSOCIATION
* Provision for technology upgradation fund for component manufacturers.
* Import duty on steel, aluminium should be done away with.
.
AVIATION
========
ANKUR BHATIA, EXECUTIVE DIRECTOR, BIRD GROUP
* Liberalisation of foreign direct investment limit in aviation.
* Aviation turbine fuel should be classified as 'declared goods'.
* Develop smaller airports to promote regional aviation.
.
STEEL & MINES
=============
H.M. NERURKAR, MANAGING DIRECTOR, TATA STEEL LTD
* Fully spend the targeted amount on infrastructure in current five-year plan.
.
R.K. SHARMA, GENERAL SECERTARY, FEDERATION OF INDIAN MINERAL INDUSTRIES
* Reduction in export duties on iron ore and chrome ore.
* Reconsider recent hike in freight rates on iron ore. No further hike also.
* Change in the 26% profit sharing clause in the mining bill.
.
ARVIND PARAKH, DIRECTOR (STRATEGY & BUSINESS DEVELOPMENT), JSL STAINLESS LTD
* Rise in export duty on chrome ore.
* Lower import duty on stainless steel scrap and nickel.
* Safeguard duty on finished stainless steel products.
.
CEMENT
======
CEMENT MANUFACTURERS' ASSOCIATION
* Expect government to levy uniform rate of excise duty on cement.
* Abolish import duty on coal, pet coke and gypsum.
* Bring down value added tax on cement and clinker to 4%, in line with steel.
* Cement should be included in the category of 'declared goods'.
.
H.M. BANGUR, MANAGING DIRECTOR, SHREE CEMENT LTD
* Enough budgetary allocation to infrastructure development, which in turn
would increase demand for cement.
* Import duty at par with the excise duty, to provide level-playing field.
.
SANJAY LADIWALA, PRESIDENT, CEMENT STOCKISTS & DEALERS ASSOCIATION
* Ban cement import, as we have enough domestic capacity to meet demand.
* To streamline excise duty system, the varying slabs should be made uniform.
* Excise duty on per unit-basis and not on maximum retail price-basis.
* Improve logistics, in terms of transport mechanisms for cement.
.
FAST-MOVING CONSUMER GOODS#
===========================
* Excise duty on tobacco products should be reduced. A 6-10% hike is likely.
* Standard excise duty should be maintained at 10%. It may be raised to 12%.
* No change in Minimum Alternate Tax rate of 18%.
* Excise duty on biscuits should be abolished.
* Higher allocation to social sector and rural development schemes.
* More tax sops should be extended to small and medium companies.
* A definite roadmap for implementation of the proposed Goods and Services Tax.
.
# Based on responses received from brokerages and companies that did not want
to be named.
.
PHARMACEUTICALS AND HEALTHCARE
==============================
S. RAMESH, PRESIDENT-FINANCE AND PLANNING, LUPIN
* Extension of export-oriented unit status to existing units.
* Clarity on application of minimum alternate tax on special economic zones.
* Reduction in excise duty on import of active pharmaceutical ingredients.
.
GLENN SALDANHA, CEO & MANAGING DIRECTOR, GLENMARK PHARMACEUTICALS
* Tax incentives for development and creation of intellectual property.
* The government should treat discovery R&D separately and incentivise it.
.
SUN PHARMACEUTICAL INDUSTRIES
* Should ensure retrograde steps such as pricing control do not harm industry.
.
R. SANKARAIAH, EXECUTIVE DIRECTOR-FINANCE, JUBILANT LIFE SCIENCES
* Extend sunset clause for export units to 10 years at one go.
* The minimum alternate tax rates should be brought down significantly.
* R&D should be given further incentives to promote more indigenous research.
.
ALOK SAXENA, DIRECTOR, ELDER PHARMACEUTICALS
* Bring the minimum alternate tax rate down.
* Address disparity in duties between excise-free areas and non-excise free
area.
* Remove multiplicity of duties such as import duty with countervailing duty.
* Provide some export incentives for the pharma sector.
.
SWATI PIRAMAL, DIRECTOR, PIRAMAL HEALTHCARE
* Take note of R&D initiatives and extend tax credit to global clinical trials.
* Incentives to fight litigations on patent.
.
HIMANSHU BAID, MANAGING DIRECTOR, POLY MEDICURE
* Tax holiday on export-oriented units should be extended.
* Interest rates should come down to lower cost of manufacturing.
.
G. WAKANKAR, EXECUTIVE DIRECTOR, INDIAN DRUG MANUFACTURERS ASSOCIATION
* Expect rationalisation of tax benefits and incentives for the sector.
* The government should continue with the 4% excise duty relief on drugs.
.
.
REAL ESTATE
===========
NATIONAL REAL ESTATE DEVELOPMENT COUNCIL
* Infrastructure status should be granted to housing.
* A 100% income tax exemption for development of housing, integrated townships.
* Income tax exemption for construction of small houses.
* Tax sops for affordable housing projects
* To exempt rental income from tax for five years for 300-1,200 sq ft houses.
.
PRADEEP JAIN, CHAIRMAN, PARSVNATH DEVELOPERS LTD
* Recognise real estate as an infrastructure sector.
* Tax holiday to promote low income housing projects.
* ECBs should be permitted for funding construction cost of realty project.
* Service tax shouldn't be levied on apartments and houses under construction.
.
BROTIN BANERJEE, CHIEF EXECUTIVE OFFICER, TATA HOUSING LTD
* The subsidy for home loans should be increased to 3 mln rupees.
* Should reintroduce tax holiday under section 80IB for small projects.
* Need to reduce cost of procurement of capital equipment, other products
.
VIKAS OBEROI, MANAGING DIRECTOR, OBEROI REALTY LTD
* Grant of infrastructure status to the real estate sector.
* Reforms that not only benefit developers but also percolate to end users.
* Government should continue section 80IB of the Income Tax Act.
* Should hike limit for deduction of interest on home loans.
.
VIMAL SHAH, MANAGING DIRECTOR, ACKRUTI CITY LTD
* Risk weightage on home loans should be reduced, preferably down to zero.
* Interest rates on home loans should come back at 8%.
.
INSURANCE
=========
AMARNATH ANANTHANARAYANAN, MANAGING DIRECTOR, BHARTI AXA GENERAL INSURANCE
* Elimination of service tax on premiums charged for rural and social products.
* Subsidies for the healthcare industry to improve matters on the supply side.
* Increase in tax exemption limit for health insurance to 50,000 rupees.
* Exemption of service tax on third party cover for commercial vehicles.
* Provisions clarifying that TDS not needed on payments to foreign re-insurers
.
VIBHA PADALKAR, CHIEF FINANCIAL OFFICER, HDFC LIFE INSURANCE
* A separate tax exemption limit of 50,000 rupees for life insurance premium.
* Clarity on applicability of Minimum Alternate Tax for life insurers.
* Extension of time limit to carry forward tax losses to 10 years from eight.
* Service tax rebates on claims against risk premium service tax.
.
INFORMATION TECHNOLOGY
======================
NATIONAL ASSOCIATION OF SOFTWARE AND SERVICES COMPANIES
* Profit-linked sops for Software Technology Parks of India should continue.
* Minimum Alternative Tax at levels prevalent internationally.
* Direct Tax Code and Goods and Service Tax should be rolled out as scheduled.
.
ASHANK DESAI, CO-FOUNDER, MASTEK LTD
* Investment in technology for the government sector needs increased attention.
* Centre needs to work closely with states to launch Goods and Services Tax.
.
ATUL NISHAR, CHAIRMAN, HEXAWARE TECHNOLOGIES LTD
* Extension of benefits under the Software Technology Parks of India scheme.
* Provisions to encourage greater adoption of technology in government schemes.
* Speed up overall reforms, including labour laws and investment rules.
.
P. KISHORE, MANAGING DIRECTOR, EVERONN EDUCATION LTD
* Education should be given status of a priority or infrastructure sector.
* Incentives for vocational or skill-building training.
* Ramp-up of plans to ensure modern education tools reach more students.
.
AMAR CHINTOPANTH, CHIEF FINANCIAL OFFICER, 3I INFOTECH LTD
* Continuation of the STPI scheme.
* Refund of service tax on inputs used for export of software.
* Continued investment in infrastructure, health and education.
.
TELECOM
=======
CELLULAR OPERATORS ASSOCIATION OF INDIA
* 3G spectrum fee should be allowed to be treated as a capital asset.
* A new section to deal with the case of deduction of tax at source by
telecom operators from the discounts offered to distributors irrespective
of the business arrangement. This will eliminate tax wrangles.
* TDS rate be fixed at 1% to meet the objectives of the withholding tax norms
without raising distributors' financial burden. A 1% withholding rate would
be representative of the actual tax liability.
* Need to quoting PAN number for mobile connection should be scrapped.
.
ASSOCIATION OF UNIFIED SERVICE PROVIDERS OF INDIA
* Licence fee revenue share be limited to 6%, against 6%-10% now.
* Waiver of the licence fees accruing on landlines. Fixed-line telephony
should include wireless in the local loop, including public call offices.
* Service tax on broadband and pure Internet services should be abolished.
* Service tax on renting of immovable property for use by telecom service
providers should not be levied.
* Exempt 10% basic custom duty on optic fibre cable.
.
OIL & GAS
=========
R.K. GOEL, DIRECTOR FINANCE, GAIL (INDIA) LTD
* Natural gas be classified as a "declared good".
* Customs duty cut for LNG terminal equipment, more sops for gas imports.
.
BHASWAR MUKHERJEE, DIRECTOR FINANCE, HINDUSTAN PETROLEUM CORP LTD
* Overall duty restructuring on imported crude oil and petroleum products.
* Remove 5% customs duty on crude, similar cuts in excise on petrol, diesel.
.
T.K. ANANTH KUMAR, DIRECTOR FINANCE, OIL INDIA LTD
* Services tax exemption for exploration and production of oil and gas.
* Clarity on tax holiday on natural gas production with retrospective effect.
.
PETROLEUM FEDERATION OF INDIA
* Remove 50-rupee/tn National Calamity Contingent Duty on imported crude oil.
* Notify jet fuel as "declared good".
* Petrol, diesel, aviation turbine fuel, crude oil and natural gas should not
be excluded from Goods and Services Tax in the constitutional amendments
FERTILISER ASSOCIATION OF INDIA
* Fertiliser subsidy allocation should be raised to 800 bln rupees to clear subsidy dues and ensure adequate resources for timely payment to companies.
* Urea imports should be de-canalised, as it would lead to a substantial saving in fertiliser subsidy.
* Fertiliser companies should be compensated for loss incurred on sale of bonds issued in lieu of cash subsidy in 2007-08 and 2008-09.
* Tax holiday should be provided to all new fertiliser units to attract fresh investment in the sector.
* Customs duty on key inputs such as liquefied natural gas, ammonia hosphoric acid, rock phosphate, sulphur and sulphuric acid should be scrapped.
.
V.K. SHARMA, CHAIRMAN AND MANAGING DIRECTOR, NATIONAL FERTILISERS LTD
* Tax incentives for setting up greenfield and brownfield fertiliser projects.
* Adequate and steady gas supply to help naphtha and fuel oil-based
fertiliser units convert to gas.
* Urea pricing as well as imports should be completely decontrolled.
.
P.S. GAHLAUT, MANAGING DIRECTOR, INDIA POTASH LTD
* The government is likely to only reiterate its intent to introduce
nutrient-based policy in urea, there will not any concrete measures detailed
in the Budget.
* The government may also announce its intention to pass on fertiliser
subsidy directly to farmers instead of routing it through companies, but
there too a concrete action plan is unlikely.
.
TEXTILES
MANISH MANDHANA, JOINT MANAGING DIRECTOR, MANDHANA INDUSTRIES
* Reintroduce Technology Upgradation Fund Scheme wherein banks gave term loans
at lower interest rates.
* Reinforce Section 80 HHC of Income Tax Act that exempts income from export.
* Curb cheap imports from countries such as China and Bangladesh.
.
B.G. JAIN, CHAIRMAN AND MANAGING DIRECTOR, NAKODA
* Bring excise duty on polyester yarn at par with cotton to 4% versus 10%.
.
ARUN AGARWAL, EXECUTIVE DIRECTOR, SURYAJYOTI SPINNING MILLS
* Reintroduce Technology Upgradation Fund Scheme.
.
SHISHIR JAIPURIA, CHAIRMAN, CONFEDERATION OF INDIAN TEXTILE INDUSTRY
* Lower excise duty on synthetic fibre to 4% from the current 10%.
* Extend interest subvention of 2% until Mar 31, 2012.
* Immediate revival of Technology Upgradation Fund Scheme.
.
SUNIL KHANDELWAL, CHIEF FINANCIAL OFFICER, ALOK INDUSTRIES
* Immediate restoration of the Technology Upgradation Fund Scheme.
* Extend technology upgradation fund scheme to include continuous polymerisation
yarn, partially-oriented yarn, and full-draw yarn.
* Cut basic custom duty on polyester stable fibre, partially oriented yarn.
* Cut basic custom duty on textile machinery to 5% from 7.50%.
.
MUTUAL FUNDS
============
A BALASUBRAMANIAM, CHIEF EXECUTIVE OFFICER, BIRLA SUN LIFE MUTUAL FUND
* Tax benefit for long-term investments in debt schemes.
.
SANDESH KIRKIRE, CHIEF EXECUTIVE OFFICER, KOTAK MAHINDRA MUTUAL FUND
* Abolish securities transaction tax from equity mutual fund schemes.
* Continue tax benefits available for equity linked savings schemes.
* Accord equity status to Fund-of-funds schemes.
.
VIJAI MANTRI, MANAGING DIRECTOR and CHIEF EXECUTIVE OFFICER, PRAMERICA MUTUAL
FUND
* Tax sops on investment products.
* Preferential tax for diversified equity schemes, systematic investment plans.
* Long-term capital gains only for investments redeemed after three years.
* Enhanced investment limits in infrastructure funds.
.
AUTOMOBILE
==========
MAYANK PAREEK, MANAGING EXECUTIVE OFFICER, SALES & MARKETING, MARUTI SUZUKI
* Relaxed excise duty structure on small cars should continue.
.
ROY KURIEN, NATIONAL BUSINESS HEAD, INDIA YAMAHA MOTOR
* Status quo on current excise duty structure on automobiles.
* Credit availability for two-wheeler loans at reasonable rates.
* Customs duty on steel, aluminium should not be raised.
.
PAWAN GOENKA, PRESIDENT, SOCIETY OF INDIAN AUTOMOBILE MANUFACTURERS
* No rollback of excise duty, especially if India is moving towards GST.
.
SRIVATS RAM, PRESIDENT, AUTOMOTIVE COMPONENT MANUFACTURERS ASSOCIATION
* Provision for technology upgradation fund for component manufacturers.
* Import duty on steel, aluminium should be done away with.
.
AVIATION
========
ANKUR BHATIA, EXECUTIVE DIRECTOR, BIRD GROUP
* Liberalisation of foreign direct investment limit in aviation.
* Aviation turbine fuel should be classified as 'declared goods'.
* Develop smaller airports to promote regional aviation.
.
STEEL & MINES
=============
H.M. NERURKAR, MANAGING DIRECTOR, TATA STEEL LTD
* Fully spend the targeted amount on infrastructure in current five-year plan.
.
R.K. SHARMA, GENERAL SECERTARY, FEDERATION OF INDIAN MINERAL INDUSTRIES
* Reduction in export duties on iron ore and chrome ore.
* Reconsider recent hike in freight rates on iron ore. No further hike also.
* Change in the 26% profit sharing clause in the mining bill.
.
ARVIND PARAKH, DIRECTOR (STRATEGY & BUSINESS DEVELOPMENT), JSL STAINLESS LTD
* Rise in export duty on chrome ore.
* Lower import duty on stainless steel scrap and nickel.
* Safeguard duty on finished stainless steel products.
.
CEMENT
======
CEMENT MANUFACTURERS' ASSOCIATION
* Expect government to levy uniform rate of excise duty on cement.
* Abolish import duty on coal, pet coke and gypsum.
* Bring down value added tax on cement and clinker to 4%, in line with steel.
* Cement should be included in the category of 'declared goods'.
.
H.M. BANGUR, MANAGING DIRECTOR, SHREE CEMENT LTD
* Enough budgetary allocation to infrastructure development, which in turn
would increase demand for cement.
* Import duty at par with the excise duty, to provide level-playing field.
.
SANJAY LADIWALA, PRESIDENT, CEMENT STOCKISTS & DEALERS ASSOCIATION
* Ban cement import, as we have enough domestic capacity to meet demand.
* To streamline excise duty system, the varying slabs should be made uniform.
* Excise duty on per unit-basis and not on maximum retail price-basis.
* Improve logistics, in terms of transport mechanisms for cement.
.
FAST-MOVING CONSUMER GOODS#
===========================
* Excise duty on tobacco products should be reduced. A 6-10% hike is likely.
* Standard excise duty should be maintained at 10%. It may be raised to 12%.
* No change in Minimum Alternate Tax rate of 18%.
* Excise duty on biscuits should be abolished.
* Higher allocation to social sector and rural development schemes.
* More tax sops should be extended to small and medium companies.
* A definite roadmap for implementation of the proposed Goods and Services Tax.
.
# Based on responses received from brokerages and companies that did not want
to be named.
.
PHARMACEUTICALS AND HEALTHCARE
==============================
S. RAMESH, PRESIDENT-FINANCE AND PLANNING, LUPIN
* Extension of export-oriented unit status to existing units.
* Clarity on application of minimum alternate tax on special economic zones.
* Reduction in excise duty on import of active pharmaceutical ingredients.
.
GLENN SALDANHA, CEO & MANAGING DIRECTOR, GLENMARK PHARMACEUTICALS
* Tax incentives for development and creation of intellectual property.
* The government should treat discovery R&D separately and incentivise it.
.
SUN PHARMACEUTICAL INDUSTRIES
* Should ensure retrograde steps such as pricing control do not harm industry.
.
R. SANKARAIAH, EXECUTIVE DIRECTOR-FINANCE, JUBILANT LIFE SCIENCES
* Extend sunset clause for export units to 10 years at one go.
* The minimum alternate tax rates should be brought down significantly.
* R&D should be given further incentives to promote more indigenous research.
.
ALOK SAXENA, DIRECTOR, ELDER PHARMACEUTICALS
* Bring the minimum alternate tax rate down.
* Address disparity in duties between excise-free areas and non-excise free
area.
* Remove multiplicity of duties such as import duty with countervailing duty.
* Provide some export incentives for the pharma sector.
.
SWATI PIRAMAL, DIRECTOR, PIRAMAL HEALTHCARE
* Take note of R&D initiatives and extend tax credit to global clinical trials.
* Incentives to fight litigations on patent.
.
HIMANSHU BAID, MANAGING DIRECTOR, POLY MEDICURE
* Tax holiday on export-oriented units should be extended.
* Interest rates should come down to lower cost of manufacturing.
.
G. WAKANKAR, EXECUTIVE DIRECTOR, INDIAN DRUG MANUFACTURERS ASSOCIATION
* Expect rationalisation of tax benefits and incentives for the sector.
* The government should continue with the 4% excise duty relief on drugs.
.
.
REAL ESTATE
===========
NATIONAL REAL ESTATE DEVELOPMENT COUNCIL
* Infrastructure status should be granted to housing.
* A 100% income tax exemption for development of housing, integrated townships.
* Income tax exemption for construction of small houses.
* Tax sops for affordable housing projects
* To exempt rental income from tax for five years for 300-1,200 sq ft houses.
.
PRADEEP JAIN, CHAIRMAN, PARSVNATH DEVELOPERS LTD
* Recognise real estate as an infrastructure sector.
* Tax holiday to promote low income housing projects.
* ECBs should be permitted for funding construction cost of realty project.
* Service tax shouldn't be levied on apartments and houses under construction.
.
BROTIN BANERJEE, CHIEF EXECUTIVE OFFICER, TATA HOUSING LTD
* The subsidy for home loans should be increased to 3 mln rupees.
* Should reintroduce tax holiday under section 80IB for small projects.
* Need to reduce cost of procurement of capital equipment, other products
.
VIKAS OBEROI, MANAGING DIRECTOR, OBEROI REALTY LTD
* Grant of infrastructure status to the real estate sector.
* Reforms that not only benefit developers but also percolate to end users.
* Government should continue section 80IB of the Income Tax Act.
* Should hike limit for deduction of interest on home loans.
.
VIMAL SHAH, MANAGING DIRECTOR, ACKRUTI CITY LTD
* Risk weightage on home loans should be reduced, preferably down to zero.
* Interest rates on home loans should come back at 8%.
.
INSURANCE
=========
AMARNATH ANANTHANARAYANAN, MANAGING DIRECTOR, BHARTI AXA GENERAL INSURANCE
* Elimination of service tax on premiums charged for rural and social products.
* Subsidies for the healthcare industry to improve matters on the supply side.
* Increase in tax exemption limit for health insurance to 50,000 rupees.
* Exemption of service tax on third party cover for commercial vehicles.
* Provisions clarifying that TDS not needed on payments to foreign re-insurers
.
VIBHA PADALKAR, CHIEF FINANCIAL OFFICER, HDFC LIFE INSURANCE
* A separate tax exemption limit of 50,000 rupees for life insurance premium.
* Clarity on applicability of Minimum Alternate Tax for life insurers.
* Extension of time limit to carry forward tax losses to 10 years from eight.
* Service tax rebates on claims against risk premium service tax.
.
INFORMATION TECHNOLOGY
======================
NATIONAL ASSOCIATION OF SOFTWARE AND SERVICES COMPANIES
* Profit-linked sops for Software Technology Parks of India should continue.
* Minimum Alternative Tax at levels prevalent internationally.
* Direct Tax Code and Goods and Service Tax should be rolled out as scheduled.
.
ASHANK DESAI, CO-FOUNDER, MASTEK LTD
* Investment in technology for the government sector needs increased attention.
* Centre needs to work closely with states to launch Goods and Services Tax.
.
ATUL NISHAR, CHAIRMAN, HEXAWARE TECHNOLOGIES LTD
* Extension of benefits under the Software Technology Parks of India scheme.
* Provisions to encourage greater adoption of technology in government schemes.
* Speed up overall reforms, including labour laws and investment rules.
.
P. KISHORE, MANAGING DIRECTOR, EVERONN EDUCATION LTD
* Education should be given status of a priority or infrastructure sector.
* Incentives for vocational or skill-building training.
* Ramp-up of plans to ensure modern education tools reach more students.
.
AMAR CHINTOPANTH, CHIEF FINANCIAL OFFICER, 3I INFOTECH LTD
* Continuation of the STPI scheme.
* Refund of service tax on inputs used for export of software.
* Continued investment in infrastructure, health and education.
.
TELECOM
=======
CELLULAR OPERATORS ASSOCIATION OF INDIA
* 3G spectrum fee should be allowed to be treated as a capital asset.
* A new section to deal with the case of deduction of tax at source by
telecom operators from the discounts offered to distributors irrespective
of the business arrangement. This will eliminate tax wrangles.
* TDS rate be fixed at 1% to meet the objectives of the withholding tax norms
without raising distributors' financial burden. A 1% withholding rate would
be representative of the actual tax liability.
* Need to quoting PAN number for mobile connection should be scrapped.
.
ASSOCIATION OF UNIFIED SERVICE PROVIDERS OF INDIA
* Licence fee revenue share be limited to 6%, against 6%-10% now.
* Waiver of the licence fees accruing on landlines. Fixed-line telephony
should include wireless in the local loop, including public call offices.
* Service tax on broadband and pure Internet services should be abolished.
* Service tax on renting of immovable property for use by telecom service
providers should not be levied.
* Exempt 10% basic custom duty on optic fibre cable.
.
OIL & GAS
=========
R.K. GOEL, DIRECTOR FINANCE, GAIL (INDIA) LTD
* Natural gas be classified as a "declared good".
* Customs duty cut for LNG terminal equipment, more sops for gas imports.
.
BHASWAR MUKHERJEE, DIRECTOR FINANCE, HINDUSTAN PETROLEUM CORP LTD
* Overall duty restructuring on imported crude oil and petroleum products.
* Remove 5% customs duty on crude, similar cuts in excise on petrol, diesel.
.
T.K. ANANTH KUMAR, DIRECTOR FINANCE, OIL INDIA LTD
* Services tax exemption for exploration and production of oil and gas.
* Clarity on tax holiday on natural gas production with retrospective effect.
.
PETROLEUM FEDERATION OF INDIA
* Remove 50-rupee/tn National Calamity Contingent Duty on imported crude oil.
* Notify jet fuel as "declared good".
* Petrol, diesel, aviation turbine fuel, crude oil and natural gas should not
be excluded from Goods and Services Tax in the constitutional amendments
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