+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Ease of doing business: Financial institutions want NaMo govt to ease taxation norms

Oct 21, 2015, 17:57 IST
With an aim to increase the ease of doing business within the country, domestic financial institutions, along with the mutual funds have now pitched in for rationalisation of tax provisions.
Advertisement

An Economic Times revealed that the suggestions were made by the representatives of the domestic financial institutions as well as the experts of mutual funds during a meeting with Finance Ministry officials.

Once the meeting was concluded, Economic Affairs Secretary Shaktikanta Das told the media persons, "There were some suggestions and representation with regard to rationalisation of certain tax provisions. We have made a note of... CBDT and CBEC officials were present. They will examine it... let us see what can be done."

Moreover, the representatives also shared their concerns on issues like increasing retail participation, widening of investor base and development of market infrastructure in the meeting.

"The idea was to get their suggestions and inputs about what needs to be done to improve ease of doing business... to carry about some policy reforms in the area of financial markets," said Das.

Advertisement

Additionally, he said, "we discussed deepening of corporate bond market and also bigger and wider retail participation in the bond market."

Yesterday, the Finance Ministry had organised a similar meeting with the representatives of foreign portfolio investors.
Image: indiatimes
Next Article