Assocham suggests implementing DTC, GST in manifestos

Implementing tax reforms like DTC and GST, creating a Gold Bank to monetise the gold holdings, developing Mumbai as an International Financial Centre and faster infrastructure development are some of the suggestions by Assocham for inclusion in manifestos of political parties.
The suggestions are aimed at revival of the country's economy, which is in the grip of a slowdown, and have been shared with senior functionaries of various political parties.
"Only bold and strategic action oriented steps by the Government, in partnership with the industry, will steer back the economy to the 9 per cent-plus growth trajectory, improve investor confidence, and bring fiscal deficit under 3 per cent by 2016-17," Assocham President Rana Kapoor said.

The suggestions also include creation of stronger manufacturing policy to boost manufacturing capacity and exports, apart from enabling more micro, small and medium enterprises to avail institutional finance and setting up dedicated industrial clusters.
To achieve inclusive growth, the economic agenda suggests raising the funding for education to 6 per cent, and for Science & Technology to 2 per cent of the total budget.