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Budget 2019: What corporate India wants from finance minister

Updated : July 05, 2019 08:01 AM IST

With just a couple of hours to go for Finance Minister Nirmala Sitharaman to announce her maiden budget, CNBC-TV18 gets you a snapshot of what corporate India wants from the budget. Here is a report.

Consumer and retail sector wishlist

  • Income support schemes to boost consumption

  • Tax benefits for the middle class


Full story here

Insurance sector wishlist

  • Recap plan for public sector undertaking (PSU) general insurance companies

  • Raise IT exemption for life insurance sector by Rs 50,000


Full story here

Banking sector wishlist

  • Public sector bank (PSB) recap programme

  • Roadmap for PSB consolidation

  • Further amendments to insolvency and bankruptcy code (IBC)


Full story here

Infrastructure sector wishlist

  • Increase government spending on infra projects

  • Ease liquidity crunch, make funding easier

  • Allow power cos to carry forward losses for 12 years

  • Remove cap on priority sector lending for solar power


Full story here

IT sector wishlist

  • Reduce tax deducted at source (TDS) to 2 percent

  • Review foreign tax credit provisions

  • Remove cascading effect of dividend distribution tax (DDT) on foreign subsidiary dividend


Full story here

Telecom sector wishlist

  • Slash levies on spectrum payouts

  • Increase moratorium period to 4 years

  • Increase payment period to 18 years


Full story here

Auto sector wishlist

  • Cut GST on vehicles to 18 percent

  • Simplify compensation cess

  • Implement vehicle scrapping policy

  • Ease credit to auto dealerships


Full story here

Real estate sector wishlist

  • Bring stamp duty under GST

  • Lower GST on input costs

  • Unlock public land parcels


Full story here

Start-ups wishlist

  • Taxation on ESOPs to be based on sale date

  • Payments on invoices within 45 days, especially from government

  • Refund input tax credit of recognised start-ups

Full story here
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