FIEO Suggestions To FM For Budget 2021

According to the news report by The Economic Times, the Federation of Indian Exports Organisation (FIEO) has recommended a number of suggestions to the Finance Ministry of India for Financial Budget 2021-22.

The suggestions are as follows-

  • Bringing double tax deduction scheme and setting up of an export development fund to the finance ministry.

  • Tax deduction on product development, providing deemed export status to Indian industry under the global bidding of procurement

  • ECGC coverage to the Banks for export finance

  • Higher budget allocation to the Department of Commerce.

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