The measure has been necessitated because the Centre anticipates a shortfall in tax revenues this year
NBFCs sought exemption from having to deduct tax at source for interest payments
Besides the usual demand for single-window clearance and industry status, Anarock Chairman Anuj Puri said the budget should include further tax sops to homebuyers
"In line with 100% FDI in food retail, a similar policy could be considered for multi-brand retail in products that can be fully manufactured in and sourced from India."
The participating economists also underlined the need for bringing Insolvency and Bankruptcy Code type framework for NBFC
The economists also said the tax revenue targets for 2019-20 were unrealistic and should be revised to more achievable levels
The Council is likely to take up a slew of issues, including the introduction of the electronic invoice facility for large firms
They also asked for a revision of ITIs' syllabus for enhancing employability; provision of social security for contract workers
Officials have requested ministry to retain tax-friendly SEZ policy
Tax-free bonds which the government enterprises issue are attractive to investors as they offer a fixed interest rate and hence is a low-risk investment avenue
The first budget of Modi 2.0 government is scheduled to be presented on July 5 by Finance Minister Nirmala Sitharaman on the backdrop of India's economy hitting 5-year low growth of 6.8% in 2018-19
The Opposition demanded debates on unemployment, farm distress, and the drought situation across several regions of the country during the Budget session
Prime Minister Narendra Modi has invited heads of all parties to a meeting on June 19.
Bond traders have already shown signs they can be nervous about the nation's financial health
Modi is likely to have discussed the reforms road map for every department with a view to making it easier to do business in the country and boost economy
The BJP-led government has been able to retain the growth rate to a great extent despite a drought this year, he said
Under free trade agreements, the government has allowed import of finished products at 'nil' import duty from a number of Asian countries
The submission said the tax on the dividend should be in the form of equalisation of balance difference between corporate and personal tax
The focal point of the interaction was drawing a road map for reforms across departments leading up to the ease of doing business and economic growth
Irrigation, doubling farmers' income, agricultural finance, R&D are some of the key points the government needs to focus on