Pre- Budget Expectation Quote by Siba Panda ValuAble
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Below The Quote on Pre- Budget Expectation by Siba Panda, Founder and Managing Partner, ValuAble
Anticipating the upcoming post-2024 election Union Budget, the interim budget stands as a pivotal bridge, laying the foundation for sustained positive financial prospects. The investment community eagerly awaits a shift in sentiment toward startup investments following an extended funding winter. The rationalization of capital gains tax is sought to bolster capital inflows into the flourishing startup landscape, which has attracted a substantial $100 billion over the last six years.
Despite apprehensions surrounding recent RBI regulations impacting Alternative Investment Funds (AIF), acknowledging the role of stringent standards in reinforcing the investment ecosystem becomes imperative. A commitment to enhanced regulatory measures, combined with aligning AIF with global standards, serves to fortify the system, a crucial element for maintaining investor enthusiasm.
Post the interim budget of 2024, expectations abound for continued further provisions in Union Budget 2024 that specifically cater to the startup ecosystem. These may include simplified regulations, heightened corporate governance, and incentives tailored for Environmental, Social, and Governance (ESG) practices, all contributing to fostering sustainable growth.
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