India Inc hopes govt to find consensus on important issues

India Inc hopes govt to find consensus on important issues New Delhi: Welcoming the passage of Finance Bill 2013-14, India Inc on Tuesday hoped that the government would find consensus on other important issues as well.

"This is a very positive move and indeed a step forward in creating positive sentiment with investors. We hope that going ahead some of other important decisions would find consensus and finally see the light," FICCI said in a statement.

It said that the Union Budget 2013-14 has several provisions that can facilitate in reviving the investor sentiment.

"Of course some revisions in investment allowance limit provided to the industry would have helped had they been extended to benefit the SMEs as well. Lending support to investors will be most crucial," it added.

Assocham said that the current impasse in parliament is holding up passage of bills which are crucial for reforms.

The chamber appealed to political parties to sit together and agree at least on minimum economic agenda.

The country is faced with a situation where even the Budget and the Finance Bill got passed without a debate in Parliament, it said.

Government Tuesday ruled out imposition of wealth tax on agriculture land as the Lok Sabha completed the budgetary exercise in an unusual way with Finance Bill and Demands for Grants for various ministries being passed without debate after Opposition walkout.

PTI