Post-Budget reaction by iValue InfoSolutions

Post-Budget quote from CEO of iValue InfoSolutions S. Sriram:

CEO-at-iValue-InfoSolutions-S. SriramGiven the constraints it’s a good budget with better priorities

• Great to see intent to move from government to governance
• Sticking to fiscal deficit target of 4.1% set by previous government does send a positive signal to the world on policy continuity.
• Good to see importance given to health, affordable home and education
• Good to see focus on building infrastructure which have been crippling development and progress such as road, power, ports, etc. Drinking water should also be included on this list
• Lower middle class have been bearing the brunt of sustained inflation effect on essential commodities. Tinkering of IT would help in making ends meet.
• Since GST is long overdue, timeline commitment was the need of the hour
• 10,000 cr for start-up promotion is a very good move since we need them to ensure enough employment opportunity to the largest working population of the world. Details awaited eagerly on this front. Angle/PE investment for start-up could have been simplified to promote this key segment.
• Nothing for Corporate on tax front.
• Promotion of multiple sports across many cities with good facilities is a welcome move
• More incentives required for making consumers participate in equity markets to reduce FDI/FII dependence over time

 

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