New Delhi, February 02, 2017: “We welcome this Union Budget 2017 which will pave the way for rural digitization. Taxation reforms for startups and other small or middle-sized businesses will boost entrepreneurship with more startups coming into the market. Incentive boost for startups from 3 out of 5 years to 3 out of 7 years is a welcome move. Announcement of reducing Corporate Income Tax for medium and small-scale enterprises by 5 percent states that how MSME sector is now commanding control over the financial growth and this budget will encourage MSMEs for their further growth. Abolishment of The Foreign Investment Promotion Board (FIPB) and announcement of introduction of major reforms for the Foreign Direct Investment (FDI) policy will make it easier for investors to invest money. Announcement of strengthening the digital economy will boost the online transitions. Announcement of Aadhar Pay facility for those who are not using credit cards/debit cards, mobile phones and computers is good initiative to push digital economy into the rural India. Shift to digital platforms will benefit the common man. With focus on technology and cashless economy I can see more startups coming into SaaS and Fintech domain. In a nutshell this budget will give push for the Digital India and cashless economy.”
Corporate Comm India(CCI Newswire)
