2024-07-24 03:50:15 pm | Source: PR Agency
Budget Reaction on Startup by Akshay Mehrotra, Cofounder & CEO, Fibe, India`s leading fintech and consumer lending platform
Below the Quote on Budget Reaction by Akshay Mehrotra, Cofounder & CEO, Fibe, India`s leading fintech and consumer lending platform
This year’s Budget has taken a forward-looking approach, aimed at building a self-reliant economy with MSMEs and startups as key drivers of Bharat's next phase of growth. It is encouraging to see the Government’s focus on creating more jobs for the youth with enhanced focus on skill upgradation. This clubbed with the reduction in taxes for the salaried class signifies the strategy to support individuals in the middle-income group and younger professionals, leading to their professional development.
Furthermore, the efforts to promote sustainable energy solutions will give a boost to more ‘Make-in-India’ businesses and boost innovation in the clean energy space, creating more job opportunities for the youth. Besides, the focus on MSMEs is another step forward in driving the nation's progress. The enhancement of Mudra loans to Rs. 20 lakh will fuel the growth of mid-level companies (INR 50 lakh to 2 crore revenue) and ensure they get enhanced opportunities. Lastly, the increase in capital gains tax will pose challenges for venture capitalists and investors, especially when exiting. On the other hand, the abolishment of angel tax will provide the much-needed boost to the startup ecosystem and help them thrive in India.”
Above views are of the author and not of the website kindly read disclaimer
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or
investment advice. Investments in financial markets are subject to market risks, and past performance is
not indicative of future results. Readers are strongly advised to consult a licensed financial expert or
advisor for tailored advice before making any investment decisions. The data and information presented
in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the
content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
Proposed PPI framework changes could affect digital ...
States' Fiscal Deficit-to-GSDP at Risk of 0.2-0.4% S...
Tata Motors to increase prices up to 1.5 pc across P...
AVG Logistics zooms on bagging long-term transportat...
Tata Capital gains on raising Rs 2030 crore through ...
Buy Canara HSBC Life Insurance Ltd for the Target Rs...
GSP Crop Science soars on completing acquisition of ...
Radico Khaitan gains on unveiling new premium avatar...
Pine Labs surges on launching Pine Labs Payment Prot...
Sagility jumps on acquiring CareSeed to strengthen h...
.jpg)
