Business Today
Align financial sector regulations and taxation laws with global norms

An alignment in indirect and direct tax laws is needed to encourage higher manufacturing value addition in India across sectors.

title=/

Shankar Narayanan, Co-head, Carlyle Asia Growth Partners


Union Budget 2015 is projected to encourage capital expenditure through a mix of public sector / government spending on capacity and infrastructure building.  

It is also expected to encourage the private sector through a mix of administrative and fiscal incentives.

We are also expecting an improvement in India's attractiveness as a regional financial hub by aligning financial sector regulations and taxation laws with global norms including issues like tax pass-through, encourage global and regional fund managers to set up base in India and provide a hassle-free operating environment.

An alignment in indirect and direct tax laws is needed to encourage higher manufacturing value addition in India across sectors, rather than letting it be only a market for finished products.

Get latest news & live updates on the go on your phone with our News App. Download The Business Today news app on your device