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ICC delegation meets Union Fin Minister Nirmala Sitharaman 

ICC delegation meets Union Fin Minister Nirmala Sitharaman 

India Blooms News Service | @indiablooms | 09 Feb 2020, 11:31 am

Kolkata/UNI: The Indian Chamber of Commerce (ICC) delegation led by president Mayank Jalan had a post-budget discussion with Union Finance Minister Nirmala Sitharaman in the city on Sunday.

The delegation included Mayank Jalan, president, ICC; Vikash Agal, Sr. VP, ICC; Sanjiv Goenka Chairman, RP-SG Group; Harsh Neotia, Chairman, Bengal Ambuja; H. M. Bangur, Chairman, Shree Cement; C K Dhanuka, Chairman, Dhunseri Petrochem; Sanjay Budhia, Chairman, Patton Group; Rudra Chatterjee, Chairman, Obeetee & Luxmi Tea; Shashwat Goenka, Director, Spencer’s India and Dr Rajeev Singh, Director General, ICC.

The discussions revolved around a few bold measures taken by the Finance Minister like big infra plan, disinvestment of LIC, allowing higher fiscal deficit for growth. Agri sector push, including Kisan Rail and UDAN to address evacuation issues.

The delegation also made few suggestions on DDT, NPA rules, interpretation concerns with Tax rules, multiple approvals for the retail sector, Export SOPs, especially for labour-intensive industry and real estate sector issues.

The ICC delegation also expressed concerns over TCS implication on Indian exports and other issues like ESOP etc.