Industry bodies seek I-T relief, capex focus

Corporate leaders emphasize capital expenditure, fiscal consolidation, and boosting consumption in a meeting with Finance Minister Nirmala Sitharaman. Assocham proposes raising the basic income tax exemption limit, doubling standard deduction, and supporting climate-resilient initiatives. Ficci highlights the need for tax regime simplification and support for MSMEs and agriculture sector, aligning with pre-budget discussions on sustaining economic growth.