Budget Reaction on Startup by Raj N, Founder at Zaggle
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Below the Quote on Budget Reaction by Raj N, Founder at Zaggle
"This budget is a holistic growth engine prioritizing education & skill development, women's entrepreneurship, and the benefits and relief for the startup ecosystem. The elimination of the angel tax is a step in the right direction, as it eases investor concerns and promotes innovation. Moreover, the allocation of nearly ?3 lakh crore towards initiatives that assist women and girls demonstrates the government's commitment to women's entrepreneurship.
In order to better correspond with industry demands, the budget for education and skill development will modernize 1,000 Industrial Training Institutes (ITIs) and offer internships to the youth at 500 top companies in the country. The government has prioritised the preparation of a workforce that is future ready. We also commend the government for announcing increased financial support to startups and MSMEs during periods of stress. Lastly, revised tax slabs and increased exemptions are welcome news for the salaried individuals, which will undoubtedly ease the financial strain on middle-class families, offering them much-needed relief."
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