Concerned over sluggish growth and poor investment climate, Assocham President Rajkumar Dhoot on Thursday met Planning Commission Deputy Chairman Montek Singh Ahluwalia and demanded the controversial GAAR tax proposal be put in "cold storage".
In his 30-minute meeting with Ahluwalia, Dhoot raised issues like delay in GST, the introduction of General Anti-Avoidance Rules (GAAR), high interest rates and financial problems of the SME sector. "To boost the economy, GAAR which has been doing the rounds for the last few months and has investors worried, should be immediately put in cold storage’” he said.
"Secondly, pending projects like Mumbai-Delhi industrial corridor should be immediately given green signal, so that investments start flowing in and boost is given to the economy," Dhoot told reporters after meeting Ahluwalia.
