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The apex telecom association has urged the government to rationalisation of GST, reduce of license fee to 1 percent from 3 percent, and waive customs duty on 5G network equipment.
The Union Budget 2023-24 is being presented at a crucial juncture of geo-political uncertainties, high inflation, and slowing world economic growth, Saket Dalmia, President of PHD Chamber of Commerce and Industry (PHDCCI), said in a statement.
CII further suggested reducing the highest 28 percent GST slab on consumer durables.
The discussions will focus on whether any expenditure rationalisation is required to offset the additional costs arising from the extension of the free food scheme, as well as the impact of rising global energy prices.
Finance Minister Nirmala Sitharaman confirmed that the decision to ban or not to ban cryptocurrencies in India is still pending.