What CEOs expect from Budget 2015-16

Rajesh Srivastava, chairman & managing director, Rabo Equity Advisors

GAAR should be deferred by at least two years; this is the single biggest deterrent for foreign investors.  Curb excessive outreach in interpretation of 'Permanent Establishment' by tax officials while assessing exemptions under Double Taxation Avoidance Agreements. Restructuring of Food Corporation of India - induction of private sector in procurement and distribution.

Ajay Garg, managing director, Equirus Capital

We would like to see boost in savings instruments to mobilise public saving. We also anticipate a roadmap for dilution of government stake in PSBs, subsequent direction for compliance with Basel III norms and regulatory reforms for dealing with stressed assets in the banking system. Also, reduction in arbitrariness in tax mechanism and an increase in service tax in line with GST will be very helpful.

Gagan Bhatia, General Manager, Delhi, Uber
 
We hope that the government realises the value that companies like us provide. All of us are helping improve the transportation infrastructure in India. We hope the government places regulations that help us make that change for the better.

H.M. Bangur, Managing Director, Shree Cement
 
I do not seek any exemption in corporate taxes from the government. The government must collect adequate money for spending on projects and schemes. While the government's intentions are good, things are yet to happen. We understand execution takes time. I would like to see the expenditure on infrastructure go up. There must be a focus on generating consumption demand.