Please find appended the budget wish list for your reference, the photograph and brief profile of Mr. P.K. Ranade is also attached for your perusal.
Budget Expectations / Wish List
Mr. P. K. Ranade
Joint Managing Director, Indo Asian Fusegear Ltd
Duty cut for CFL & other energy saving devices
We wish the Finance Minister to exempt CFL from the current Excise Tax rate of 4% in this budget, which would not only facilitate Compact Fluorescent Lamps (CFLs) on a lower price to the end –consumer but would also promote the usage of energy efficient CFLs in the country and will help in saving of Power.
We would appreciate if government may create a level playing field by extending the benefits of excise tax rate TO ZERO% to procure the inputs for the CFL manufacturing process.
WE would also wish for a uniform VAT rate throughout the country. The differential rate of VAT across the country makes it difficult for many producers to earn a fair playing field. Sometimes government is also at the receiving end when the producers would detour their imports into a state where the VAT is low and thereby losing a sizeable amount of taxable revenue. This could be undone with the application of a uniform VAT across the country.
Make BIS mandatory with star ratings for all electrical devices
The government should also make BIS star rating mandatory for all electrical devices across the country which will further extend benefits of safe and competitively priced products to the end-consumers
More Public – Private Partnership in Power Distribution System
It is welcome initiatives by some of the State's Electricity Boards' going for public-private partnership process, through in a small way. To improve the efficiency of the power system as a whole. The successful execution of incorporating the private players into the distribution of the power should be encouraged by introducing well designed “Franchisee “system for private players.
Warm regards,
Saurabh Saxena
Account Director - Investor Relations Practice
Adfactors PR Pvt Ltd
E-137, Okhla Industrial Area Phase – III,
New Delhi 110020.
Mobile: +91 98102 33370
Tel: +91 11 40565144
Fax: +91 11 2693 0131
Email: saurabh.saxena@adfactorspr.com
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