The Centre should act as a coordinator to bring uniformity in entertainment tax rates, currently varying between 30 percent and 40 percent across the country, for growth of the entertainment and media industry, Assocham has said.
The industry body Assocham on Tuesday
suggested that FIIs should be charged a tax of two per cent of
their money pumped into the stock market to prevent further
rise of the rupee and also an asset-bubble.
The government should direct commercial banks to cut lending rates by at least 2 per cent to encourage corporates to increase borrowing from them, instead of tapping other sources, Assocham said on Monday.
Assocham alleged that unfriendly behaviour by visa officials in Indian
missions abroad are preventing
investors from coming to India thus "killing" the country`s
prospects of attracting foreign direct investment.
Inflation, which crossed the 1% mark for the week ended October 10 after seven months, is likely to surge to 10% by March end driven by surging food prices, low base effect and rising manufacturing costs, Assocham said.