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'PM' Narendra Modi or Rahul Gandhi, CII unveils its 100-day agenda for new govt

Apr 01 2014, 17:14 IST
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Boosting economic growth in India requires immediate introduction of Goods and Services Tax, containing subsidies, monetary easing and fast-tracking of stalled projects, CII said today. (AP) Boosting economic growth in India requires immediate introduction of Goods and Services Tax, containing subsidies, monetary easing and fast-tracking of stalled projects, CII said today. (AP)
SummaryBoosting economic growth in India requires immediate introduction of Goods and Services Tax, containing subsidies, monetary easing and fast-tracking of stalled projects, CII said today.

including introduction of fixed term employment for industry to hire manpower on short term assignments.

On the Congress party's promise to extend job reservations to the private sector, he said: "We feel having reservation in the private sector is not a desirable direction. We have focused as an association very strongly on affirmative action". CII will discuss the matter with the party, he added.

Shriram said that during the year CII will focus on 10 areas - education, skills, economic growth, manufacturing, investments, ease of doing business, export competitiveness, legal and regulatory architecture, labour law reforms and entrepreneurship.

The chamber will also undertake a study on gas pricing and its impact on end-users, macro-economic indicators and the investment environment, he said, adding that there is also a need to revive primary market and strengthen secondary market.

To boost the industrial sector growth, he called for quick implementation of the National Manufacturing Policy.

Shriram also said: "There is a need to revisit free trade agreements. Government should also fast-track the process of public sector disinvestment and create a policy framework for monetising unutilised assets and land resources of the government and PSUs."

On exports, he said there is a need to extend credit at affordable rates. He also stressed upon the need for extension of credit lines to tap new markets as well as reducing the transaction costs.

Shriram also called for labour law reforms and asked the government to provide tax benefits to private venture capitalists so as to increase entrepreneurship.

To improve the ease of doing business in India, CII will present to the government best practices in the states which can be emulated in the areas of land acquisition, contract enforcement and taxation, he added.

To boost investment in the energy sector, he said the government should go for a unified licensing policy for all hydrocarbons and work towards effective implementation of market-driven pricing in petroleum sector and implement market-based gas pricing at arms length principle.

On the issue of loan defaulters, the new CII President said: "For wilful defaulters, the government is talking about separate rules but in general, if economic activity goes up, there will not be any defaulters."

On the issue of dealing with crony capitalism, he said that by ensuring clear, transparent and open processes and systems, one can deal with the matter.

"The issue is how to ensure that processes, systems and rules are clear, transparent and open so that there is no ambiguity," Shriram

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