By Mayur Gandhi, Chief Financial Officer, Schenker India Pvt. Ltd. 25 Feb 2015, 07:34 am Print

An effective Logistics and Supply Chain system is critical for an economy like nervous system in a human body. In this Budget, we expect;
· Clarity on the GST implementation road map to prepare for an efficient logistics solution for the manufacturers and traders.
· An appropriate tax system for rental costs which is currently subject to Service Tax and TDS at higher rates. Rent should be treated as return on investment and not as provision of services.
· Speedier implementation of investment planned in the Dedicated Railway Freight Corridors for more effective and pollution free transportation system.
· Tax incentives for investment in fuel efficient transportation equipment and setting up of new warehouses by higher tax deductible rate of depreciation.
· Drive the “Make in India” campaign by improving India’s rank in the World Bank's 'Ease of Doing Business' index (Currently at 142 out of 189) and in the Transparency International’s ‘Corruption Perception’ Index ( Currently at 85 out of 175) by setting benchmark targets for the same.
There is indeed a long way to go to complete the economic reforms agenda and baby steps will no longer work.
- NASA is giving you a chance to send name to the Moon, check the last date of submitting your application
- Israel-US alliance 'never been stronger', Netanyahu says as State Secretary Rubio visit for talks
- US: FBI arrest two men in Utah for allegedly placing incendiary device under news media vehicle
- Time for being soft on illegal immigrant criminals is over: US President Trump's reacts to beheading of Indian-origin man in Dallas
- Unknown miscreants destroy newly built pipeline in Pakistan's Chagai, police begin probe