Quote by Ms Kulpreet Kaur, Co-founder of Shop Pirate Coupons
As expected the Union Budget 2016 has its focus on Standup India and boosting the budding entrepreneurs. We expect that 2016 is going to be a fruitful for women entrepreneurs as Stand Up India scheme allocated Rs.500 Crores for SC, ST and women entrepreneurs. However I am somehow not happy with the special treatment given to SC/ST entrepreneurs as this may discourage the upcoming talents who might not get an opportunity to bring an innovative business idea due to the scheme and at the same time might give an encouragement to someone who don’t deserve. Though it’s a good move to encourage entrepreneurs who didn’t get a platform to showcase their skills, but ensuring that scheme benefits right people and keeping an eye of the system to maintain discrepancy, will be a tough challenge for the government. Allocation of Rs 1,000 crore for new EPF (Employees’ Provident Fund) is welcoming. However no change in current taxation system is disappointing for ecommerce industry. Overall a good budget but not very impressive.
Technuter.com News Service