Budget 2021: Here is what corporate India expects from Nirmala Sitharaman

With the Union Budget just a few days away, CNBC-TV18 takes a look at the key expectations from corporate India – tax, regulatory as well we as the FDI perspective.

Sumant Sinha, CMD of ReNew Power, said that whatever the government does should be sustainable and they must not do anything dramatic with growth coming back. He also said that the government needs to look at the functioning and financial health of the renewable sector.

Dilip Oommen, CEO of ArcelorMittal Nippon Steel and President of the Indian Steel Association, said that consistency of policy is very important.

He also said that there should be a favorable cost structure for the steel sector.

Ketan Dalal of Katalyst Advisors said that taxation on restructuring and M&A has become more important in context of COVID.

He also said that there is a lot of controversy with respect to taxation on companies benefiting from ‘haircuts’ which needs to be addressed.