Calling for uniformity in tax rates of petroleum products, he said the issue would be taken up at the meeting of finance ministers of the northern zone on January 19, as states should not be seen as competing with each other.
Raising the exemption limit from current ₹2.5 Lakh to ₹3 Lakh, if not ₹5 Lakh is highly expected from the Finance Minister. This is going to impact the low to mid-income category of individuals directly.
The government had last month announced that it would make an additional borrowing of Rs 50,000 crore during 2017-18 through dated securities. However, there would have been no change in the net borrowing as envisaged in the Budget.
In a letter to Finance Minister Arun Jaitley, the chamber argued that with external state regulation and risk of agitation in the campus, higher educational institutions can neither absorb the new tax burden nor pass on the same via increase in fees.
The board was concerned about the falling revenue since Cyrus Mistry took over, and he failed to turn around the problematic performance of the group companies such as Tata Motors and Tata Telecom, said Tata Sons' counsel Abhishek Manu Singhvi.
The price of the world's biggest and best known cryptocurrency fell to as low as $10,065 on the Luxembourg-based Bitstamp exchange, a six-week low and close to half the peak price of almost $20,000 it reached in December.