Mumbai: From simplification of rules to set up new businesses to incentivising exports of electronic based products particularly for emerging technologies like LEDs, fast tracking project approvals and formation of price stabilisation fund to tackle inflation are tasks that businessmen feel can be done by the Narendra Modi - led government immediately without requiring the nod of Parliament or tackling contentious land issues.
The high octane Modi-campaign and the party’s spectacular victory has raised the expectations of the people and several businessmen feel that there is plenty the government can do without waiting for legislative to okay it.
Even overseas Indian Americans of the US India Political Action Committee (USINPAC) said the Cabinet should be composed by talented leaders, government should announce that there would be no retrospective tax changes, said its chairman Sanjay Puri.
It should call all Indian ambassadors to Delhi for a one-day meeting within next 2-3 weeks, and issue them guidelines on which area they should immediately start working in their stations of duty.
Arun Gupta, MD, NTL Electronics India Limited says the government canIt should call all Indian ambassadors to Delhi for a one-day meeting within next 2-3 weeks, and issue them guidelines on which they should immediately start working in their stations of duty. introduce uniform and zero VAT rates across states for CFLs and LEDs to promote use of energy-efficient and environment-friendly products, while Nilesh Shetty, associate fund manager-equity, Quantum AMC, said it could announce clear and transparent policies on allocation of natural resources.
Amar Ambani of India Infoline said “In the coming weeks the government can continue deregulation of diesel prices and appoint a regulator in every sector including real estate.”
The real estate sector says Mohit Goel, CEO, Omaxe Limited expects the government to take cognisance of the long-pending demand of the real estate sector like industry status, incentive for affordable housing and enhanced tax relief for homebuyers.”
