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Ficci to push for reforms

NEW DELHI: Pushing for reforms by way of garnering consensus among political parties would be the focus for Ficci, R V Kanoria, the new president of the industry body, said on Thursday. Pointing to recent stalemates among parties over reform measures in the country, Kanoria said that measures like bringing in FDI in retail sector and introduction of GST are crucial for sustainable growth.

“There are many legislations that are pending. GST requires consensus at the state level and will greatly impact industries. We will make efforts to promote adoption of GST by all states as it is a transparent levy and can be self regulated. It will lead to better tax compliance,” Kanoria said.

Rahul Dhir, Cairn India CEO, was quoted as saying, “The commissioning of Bhagyam illustrates how supportive policies are enabling companies to unlock the hydrocarbon potential and create significant value for our nation.”

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Posted by on Jan 20 2012. Filed under Business India News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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