Industry body FICCI on Tuesday sought more fiscal sops in the 2010-11 budget to prop up the economy. In a pre-budget meeting with revenue secretary P V Bhide, a Federatation of Indian Chambers of Commerce and Industry delegation asked the finance ministry to tread with caution on rolling back the stimulus measures taken to spur growth. FICCI President Harsh Pati Singhania told reporters that fiscal sops asked by FICCI include retaining the peak custom duty to 10 per cent, applying peak rate of personal income tax to an annual income of Rs 10 lakh in a year and raising income tax concessions for housing loans.
News On AIR | December 8, 2009 2:36 PM
FICCI seeks more fiscal in 2010-11