(a) whether automobile industry has requested for certain fiscal concessions;
(b) if so, the details thereof; and
(c) the action taken by the Government thereon?
(a) whether automobile industry has requested for certain fiscal concessions;
(b) if so, the details thereof; and
(c) the action taken by the Government thereon?
MINISTER OF STATE IN THE MINISTRY OF HEAVY INDUSTRIES AND PUBLIC ENTERPRISES (SMT. KANTI SINGH)
(a) to (c): Department of Heavy Industry has received from the Society of Indian Automobile Manufacturers (SIAM) and Automotive Component Manufacturers Association (ACMA) pre-Budget memoranda for inclusion in the Budget 2007-08 which inter-alia includes proposals for a number of fiscal concessions.
Modification of fiscal policy is the prerogative of the Parliament and is taken up as a part of budgetary exercise. Such suggestions are examined by the Ministry of Finance at the time of formulation of Budget for all sectors including the automotive sector.