We've to reduce interest rates to boost demand: Shobana Kamineni

Interview with Shobana Kamineni, president of the Confederation of Indian Industry

Subhayan Chakraborty 

Shobana Kamineni, executive vice-chairman of health major Apollo, recently took over as president of the Confederation of Indian Industry (CII). In an interaction with Subhayan Chakraborty, she says agricultural income should be taxed above an exemption limit. Edited excerpts: What is CII's position on the issue of agricultural income being taxed? CII believes in tax parity. Ninety per cent of the people earn so little that they are not within the purview of any tax. In fact, they ought to be helped. They are not even within the taxable income bracket. What about those who ...

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We've to reduce interest rates to boost demand: Shobana Kamineni

Interview with Shobana Kamineni, president of the Confederation of Indian Industry

Shobana Kamineni, executive vice-chairman of health major Apollo, recently took over as president of the Confederation of Indian Industry (CII). In an interaction with Subhayan Chakraborty, she says agricultural income should be taxed above an exemption limit. Edited excerpts: What is CII's position on the issue of agricultural income being taxed?CII believes in tax parity. Ninety per cent of the people earn so little that they are not within the purview of any tax. In fact, they ought to be helped. They are not even within the taxable income bracket.What about those who are?They are just like us. If I earn ~5 lakh and am taxed only because I live in a city, why shouldn't I be taxed if I live on a farm? These things are now whispers that'll become a shout. I'm looking at it from the angle of tax parity and not a political one. People are also misusing it (tax exemption) by rerouting benefits. That should not happen. We believe in transparency, governance and in parity.Will the other .. Shobana Kamineni, executive vice-chairman of health major Apollo, recently took over as president of the Confederation of Indian Industry (CII). In an interaction with Subhayan Chakraborty, she says agricultural income should be taxed above an exemption limit. Edited excerpts: What is CII's position on the issue of agricultural income being taxed? CII believes in tax parity. Ninety per cent of the people earn so little that they are not within the purview of any tax. In fact, they ought to be helped. They are not even within the taxable income bracket. What about those who ... image
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