Ministers urge FM to roll back 2011 Budget Levies
CIVIL Aviation Minister Vayalar Ravi urged the Finance Minister to reconsider he increase in service tax for the airline industry, while Commerce Minister Anand Sharma expressed surprise at the Budget proposal to impose Minimum Alternate Tax on SEZ developers and had written to the FM.
Punjab Chief Minister Prakash Singh Badal wrote to the PM and FM against the introduction of excise duty on hosiery and textile industry. Badal apprised the Central Government that this industry was already facing big threat from garments imported from China, Bangladesh and Sri Lanka. Due to large scale production in China and support from government, their products are much cheaper compared to our products and this industry would be slowly wiped out.