India’s rural infrastructure, connectivity, education, skilling, electric mobility and the economy at large.
The Government of India put forth multiple initiatives to kick-start the growth of MSMEs and start-ups in the country and also outlined various changes in custom duties, which we believe will boost India’s economic growth: Manish Sharma, President and CEO, Panasonic India and South Asia It's a nice budget for startups but it's mostly incremental and not revolutionary.
On education, she coined the slogan of ‘Study in India’, promising to make India a hub for education and get foreign students into India.
A new TV channel for startups and reform of labour laws is also on the agenda as per the speech of Budget 2019 live streamed from Lok Sabha.
However, industry demand of free visas for five years and competitive GST rate has not been met.
Essay On Inion Technology Revolution Money Transfer Business Plan
The Indian travel and tourism sector which has emerged as a key growth driver and is one of the biggest employment generators didn't see any concrete provisions in this Union Budget: Vijay Dewan, MD, Apeejay Surrendra Park Hotels & Chairman, CII, West Bengal State Council Exploitative taxation is unacceptable. The language of the Finance Minister's speech is not clear regarding the effective tax rate.Reducing the GST on EVs from 12 per cent to 5 per cent can be seen as a big step in favor of sales of EV cars in India.The deduction of Rs 1.5 lakh on the loan interest to purchase an electric vehicle in India will not just benefit the industry but also for consumers who are looking to switch to electric vehicles.Budget 2019 Highlights: It has been a budget speech by FM Nirmala Sitharaman that has laid out the roadmap and announced measures to tackle several aspects of the economy.In the Direct and Indirect taxes proposals announced by her in the second part of her speech, she announced that corporate tax rate of 25% would be extended to companies that now have a turnover of upto Rs 400 crore.We articulate the disappointment of the common man: P.Chidambaram The government's move to lower the GST on Electric Vehicles has opened new avenues for the industry.Government is furthering its resolve to save startups from the draconian angel tax and IT scrutiny but has still stopped short of scrapping the Angel Tax altogether.Extending the period of exemption of Capital Gains from Real Estate for startup investment is a big positive that should boost slugging angel investment.It also expressed willingness to go below 51% in non- financial PSEs.The government reiterated its intention to invest Rs 100 lakh crore in infrastructure and said an expert committee will be set up.