Demand for cut in income tax rates

In a pre-Budget wishlist, Vinod Juneja, managing director, Braj Binani Group, said, "I expect the finance minister to target the GDP growth of at least 8% or higher for the next 3 financial years."

"On tax reforms front, I would be very happy to see the reduction in individual income tax levels as it leaves the consumer with more spending power hence builds consumption leading to higher economy growth. Also I expect reduction in the corporate tax rates."

"The budget should also include some special schemes for boosting exports, which is the need of the hour. India's exports could witness a significant improvement in coming years if the government adopts proactive measures. Also on the social front I would like to see some special provision for drinking water should be made in Mumbai and some allocation to be made for getting the sea water purified to drinking water," he said.

What do you expect from the forthcoming Budget for 2010-11? Tell us!