Exporters' body FIEO asked the government to create of an Export Development Fund for aggressive marketing particularly for MSMEs and VAT exemption for merchant exporters.
The Steel Ministry, in its recommendations to the Finance Ministry, has also sought to bring down the import duty on coking coal, an essential ingredient for steel production.
The concessional tickets cost the Railways about Rs 1,600 crore in 2015-16, with the bulk being accounted for senior citizens.
Investors in India are bracing for higher taxes and less incentives from the government's annual budget to be unveiled on Feb. 1 as the focus shifts to wringing out revenues to finance giveaways and higher public investments to support the economy.
The credit rating agency expects the government to renew its commitment to increase capital spending and address the short-term disruptive impact of demonetisation in the Budget to be unveiled on February 1, 2017.
Import duty on gold has been constant at 10 per cent since August 2013.
Most economists expect Mr Jaitley's third budget to focus on fighting the distress in India's countryside, home to over 150 million households or nearly 50 per cent of India's population.
She says that government needs to spend $30 billion on the healthcare infra.
Prices are so low now that exports are not viable, a top official said.
The industry has argued that duty reduction will help to boost exports.
The industry body also demanded additional incentives for savings.
According to experts, the government could allow start-ups and e-commerce companies to appropriate initial brand building expenses over several years for accounting benefits.
Association of Mutual Funds in India (AMFI) in its pre-budget proposals has urged the government to consider additional tax benefits for investors.
People would come to India if it makes business sense for them, he said.
After continuous stress for two years, government's focus will be more on rural India in this Budget, he said.
Public-private partnership model can transform the sector, they say.
Only 2 per cent of India's over 1.2 billion people are estimated to invest in equity markets. Analysts say Finance Minister Arun Jaitley must consider in announcing tax breaks and other incentives to increase the participation of retail investors in stock markets.
Finance Minister Arun Jaitley would get away with letting his borrowing targets slip when he presents his annual budget next month, according to the overwhelming majority of economists in a Reuters poll.