“An interest subsidy of 3 to 4% on housing loans could also be offered for a period of 3 to 4 years.
“Extend a concessional tax rate of 15% to companies that invest in green technologies on or after a specific date and also allow a full deduction for the investment/purchase of green technology assets,” he said. he adds.
It is also recommended that the government subsidize the use of 6 to 7 bottles per year for poor households; increasing unsecured lending under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) from the existing Rs 2 crore to a maximum of Rs 5 crore. He also suggested extending the expiration date for newly incorporated domestic enterprises to start manufacturing until March 31, 2025.
“Due to the outbreak of the COVID-19 pandemic, the establishment of manufacturing facilities/production plans, regulatory approvals, resource planning, etc. (which usually takes a long time) before the expiration date of March 31, 2023, has become difficult,” he said.