The draft 12th Five Year Plan document says,a decision on the recommendations to allay investor concerns over tax front should be taken at the earliest to boost investments.Projecting an annual growth rate of 8.2 per cent for the five years till 2016-17, the document also called for removal of bottlenecks to boost investment in infrastructure.The document to be placed before the National Development Council (NDC) chaired by Prime Minister Manmohan Singh on December 27th for approval, said that an immediate policy objective in the very first year (2012-13) of the Plan must be to revive consumers confidence, which have suffered for a variety of reasons.The Finance Ministry had appointed two expert committees to look into investors' concerns on GAAR and retrospective tax amendments in the Budget 2012-13. The committees have already given recommendations on the two issues.
News On AIR | December 26, 2012 9:39 AM
Allay investor concerns on tax front to boost investments: 12th Plan document