The body further suggested that fiscal support should be provided to facilitate the creation of a ‘pandemic pool’ which would help mitigate the risk of financial losses of insurance companies due to future pandemics. Further, release all outstanding payments to the state governments and other service providers,' the body said.

“Release all dues, whether outstanding payments or tax refunds to industry immediately. Further, allocation under Pradhan Mantri Awas Yojana (PMAY) should be increased from ₹27,500 crore allocated in the Union Budget 2021-22.įor speedy dispute settlement in infrastructure projects, contracts up to a certain threshold value could have dispute resolution through binding conciliation and /or arbitration process, it said, adding that more Commercial Dispute Resolution Courts specialising in infrastructure sector-related disputes should be set up. It also suggested that the interest subvention scheme available on low- cost housing should be extended to cover total housing cost of up to ₹35 lakh instead of ₹25 lakhs at present.

“Provide tax incentives for investment in Infrastructure Investment Trusts (InvITs) and bring them under the Insolvency and Bankrupcy code (IBC) as suggested by NITI Aayog,' the industry body has said in a slew of suggestions for the government.Īmong suggestions to increase investments, the lobby group said that more labour-intensive industries should be included under the Production Linked Incentive (PLI) scheme, which can aid job creation if incentives are linked to job creation on the firm’s payroll and production, instead of solely meeting production targets.

Urban pipeline