Director of AP Chambers of Commerce and Industry O. Naresh Kumar met Finance Minister Arun Jaitley at New Delhi and submitted a representation regarding ease of doing business after demonetisation.
Mr Naresh Kumar brought out a number of points such as lower Income, tax rates of around 18 per cent like in Singapore, lower bank interest rate around 7 to 8 per cent and expediting TDS refunds to corporates.
Mr. Jaitley responded favourably and promised to consider the issues mentioned in the representation, according to a Press release.
