CII asks govt to bring in millennial bonds to boost forex reserves

Sanjiv Bajaj asked the govern­ment to put more money in the pockets of the consumers by redu­cing personal income tax rates to revive consumption demand in the economy

Confederation of Indian Industry (CII) president Sanjiv Bajaj has urged the government to come out with India Millennial Bonds to boost forex reserves as was done in 2008. He also asked the govern­ment to put more money in the pockets of the consumers by redu­cing personal income tax rates to revive consumption demand in the economy. He was talking to reporters in Bangalore.