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FICCI draws agenda for new govt
May 18, 2004 17:10 IST
The Federation of Indian Chambers of Commerce and Industry is not worried over the recent statements made by the Left parties advocating radical changes in the economic policy and has recommended a 10-point agenda for the new government.
The radical changes in economic policy, most importantly an increase in tax rates, suggested by some leaders of the Left parties would not be carried out as no government will take an anti-growth step, FICCI President Y K Modi told newsmen in New Delhi.
"Former Finance Minister Manmohan Singh, who will play an important role in the Congress-led government, has already said the new government will adopt a policy that is growth and development-oriented," Modi said.
"The Communists have won just 60 seats. People have not voted for Left's economic agenda," he said.
The chamber will, in fact, lobby for further reduction of corporate tax when it meets the finance minister for pre-budget consultations, he added.
The ten-point plan for the first 100 days that FICCI has chalked out, stresses on massive investments in agriculture, social and physical infrastructure.