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Budget Must Focus On Boosting Infrastructure Investment: CII
"There is a growing demand for augmenting our infrastructure facilities to sustain as well as accelerate the growth momentum. To provide a requisite push to investment in the infrastructure sector, fiscal policy would have to play an important role, especially at a time like this when business sentiments are low and the economy is in the grip of a slowdown," said CII director general Chandrajit Banerjee.
CII suggested several measures to boost investment in infrastructure sector, including exempting infrastructure companies from the payment of Minimum Alternative Tax (MAT).
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