Not enough for us in reforms: India Inc
Agencies: Gurgaon, Nov 08 2012, 19:32 IST
Investment Board (NIB), seen as important steps to cut through bureaucratic red tape and boost business sentiment, appear to be stalled on desks and in committee rooms across the country's noisy democracy.
GST, intended to replace a myriad of state and central taxes, is seen reducing business costs and increasing government receipts. But some states are uneasy about a possible loss of fiscal autonomy.
The most important reform for India, whether it is for our group or for India generally or for most businesses, would be the Goods and Services Tax. Because that would add about two percentage points ... to India's GDP growth, Godrej said.
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