#Budget2016: Post Budget 2016 reaction by Mr. Shashank ND, Founder & CEO of Practo

The Budget is a clear indicator by the Government to bring development at the grass root level for its citizen. The Finance Minister’s focus on health as one of the key pillars proves to show that everyone should have the right to live a healthy lifestyle. The fact that quality drugs will be made available by setting up 3,000 stores in rural India  along with health insurance of upto Rs. 1 lakh per family; top up of Rs. 35,000 for individuals above 60 years indicates that incentives should be made available to every Indian, irrespective of old age or income limitation.  The Swachch Bharat Abhiyan, and LPG connection for women in rural homes will help in pushing the agenda preventive healthcare even further. The National Dialysis services programme is also a heartening initiative taken up by the government.

Taking a lead from Start-up India, Stand up India initiative, Mr. Modi’s government is constantly working towards creating a conducive environment to promote entrepreneurship and facilitate growth of the startup ecosystem in India. The ease of registration process and the hope to complete the task in 1 day is a welcome measure along with the 3 year Tax holiday for startups. At least this will allow a speedy way to setting up a venture and help startups to focus on the building disruptive products and services  without worrying about profits or losses. It also good to see aspiring entrepreneurs to get access to quality education and training through various newly built colleges, schools, government ITI’s and vocation training centers through massive open online courses. Reduction of long term capital gains from 3 years to 2 years is a positive move by the government.With regards to the infrastructure improvement and focus on electrification of all villages will help to promote connectivity and give rural India access to internet.

Technuter.com News Service

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