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
Uttarakhand: PM NarendraModi holds mega roadshow in ...
Caring for Your Heart, Caring for Your Life
Haryana DGP OP Singh`s light moment with journo evok...
Work-Life Balance: The Key to a Healthy and Producti...
`Uttarakhand can establish itself as Spiritual Capit...
Wild Leg Fashion: The Bold Trend Making a Statement
ICC Women`s World Cup star Renuka Thakur visits home...
South Korea reaches consensus on 2035 greenhouse gas...
MOSt Advisor November 2025 by Siddhartha Khemka, Sr....
Innovation, Research, and Collaboration Drive India`...
Tag News
Post budget announcement on Insurance and Investment Banking Sector by Mr. Sharad Mathur, Ma...
Post budget announcement on Insurance and Investment Banking Sector by Ms. Anitha Rangan, Economist, Equirus
Quote on Union Budget 2025-26 by Mr. Arsh Mogre, Economist Institutional Equities, PL Capital - Prabhudas Lilladher
Reaction on Post Budget 2025 on Mr. Narayan Subramaniam, CEO & Co-Founder, Ultraviolette Automotive Pvt. Ltd
