Business Today

CEO Expectations

What do CEOs of major companies expect from the upcoming Budget 2016-2017?
Team BT   Delhi     Print Edition: March 13, 2016
G.V. Prasad, Co-Chairman and CEO, Dr Reddy's Laboratories
G.V. Prasad, Co-Chairman and CEO, Dr Reddy's Laboratories (Photo: Vivan Mehra)

Rajeev Talwar, CEO, DLF Ltd.
"The realty sector needs clarity on foreign investments; SPV structures on a par with equity mutual funds; more clarity on DDT and reasonable withholding tax"

Rajeev Talwar, CEO, DLF Ltd.

Malvinder Mohan Singh, Executive Chairman, Fortis Healthcare (Photo: Vivan Mehra)
"An incentive package with direct tax benefits for capital expenditure, a 10-year tax holiday for hospital projects, and exemption from GST could galvanise significant investment in the expansion and creation of healthcare infrastructure"

Malvinder Mohan Singh, Executive C hairman, Fortis Healthcare

G.V. Prasad, Co-Chairman and CEO, Dr Reddy's Laboratories
"Moves towards ensuring clear, transparent, simplified procedures with time-bound accountability for approvals will go a long way in driving growth. Need to move from controlling to enabling environment"

G.V. Prasad, Co-Chairman and CEO, Dr Reddy's Laboratories

Kiran Mazumdar-Shaw, CMD, Biocon
"I hope we will see increased public healthcare spending from the current abysmal 1 per cent level to a more credible 2.5 per cent of GDP. Also, the 200 per cent weighted deduction for expenditure incurred on scientific research must be retained to foster science and technology-related research and innovation in the country"

Kiran Mazumdar-Shaw, CMD, Biocon

Kaku Nakhate, Country Head, Bank of America
"The FM must continue to take steps to deepen the debt market, like introducing municipal bonds, as it will also lower the burden on the banking industry. The country needs long-term funds and it is important that the market be opened up for pension funds"

Kaku Nakhate, Country Head, Bank of America

Rana Kapoor, MD & CEO, Yes Bank
"Focus on boosting financial savings, adequate performance-linked recapitalisation for public sector banks, and a well-rounded Bankruptcy Code will set the stage for a quick revival in economic growth"

Rana Kapoor, MD & CEO, Yes Bank

A. Vellayan, Executive Chairman, Murugappa Group
"The Budget must set right all the inverted duty structures, especially in fertilisers where the duty on raw materials like phosphoric acid and sulphur is the same or higher than the end product"

A. Vellayan, Executive Chairman, Murugappa Group

Adi Godrej, Chairman, Godrej Group (Photo: Rachit Goswami)
"I feel that we need a major reform like the GST for demand and investment to rise and I expect that it will happen by July 2016"

Adi Godrej, Chairman, Godrej Group

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