- Telecom tower firms seek more relief, priority lending(11:26)
By Anjana Das
New Delhi, June 16 (IANS) The telecom tower industry has urged the Finance Ministry to allow accelerated depreciation rate of 65 per cent on batteries, 20 per cent funding through External Commercial Borrowings (ECB) for the working capital and inclusion of telecom towers in the priority sector for lending by banks.
- TUs seek national fund for unorganised workers(23:14)
New Delhi, June 15 (IANS) Introduction of a comprehensive unemployment insurance scheme, creation of a 'National Fund' for unorganised workers to provide social security and strict enforcement of Minimum Wages Act were among the key sugegstions given by the various trade unions to the Finance Ministry on Saturday.
- No levy rationalisation for telcos likely in Budget(11:48)
New Delhi, June 15 (IANS) The Union Budget is unlikely to propose any reduction in levies for telcos or allow them more time to clear their spectrum dues to the government, sources privy to the development said.
- Economists suggest IBC-type law for NBFCs, push for e-comm for jobs(22:06)
New Delhi, June 14 (IANS) Leading economists and experts on Friday suggested the Finance Ministry take measures for incentivising digital transactions, focusing on job-oriented growth, Insolvency & Bankruptcy Code (IBC)-type framework for NBFC sector, infusing capital in banks and tapping into e-commerce's potential for job growth to revive the economy.
- Social sector seeks fiscal sops in Budget(16:12)
New Delhi, June 14 (IANS) The social sector has sought several proactive steps from the Finance Minister including promoting social entrepreneurship amongst the young population, fiscal incentives for recycling of waste water and rainwater harvesting and increased budgetary allocation towards nutrition of infants, among its suggestions to the Finance Ministry to be considered for the upcoming Budget.