Post Budget 2019 Reaction by Mr. Snehashish Bhattacharjee, Global CEO, Denave

The budget, overall, is positive and covers the entire gamut of economic pillars in one go – farmers, youth, start-ups, women, middle-class segment, health society, green energy etc. Extending the 25% corporate tax applicability to INR 400 Cr turnover companies (pretty much 99.3% of the organizations in the country) is in line with the commitment of this government to reduce corporate tax across segments. The FM, acknowledging the angel tax issue will give a boost to the start-up ecosystem, which will set our course towards nurturing the camaraderie of technology and innovation. It shall also prove to play a pivotal role in boosting and increasing employment opportunities. Further, the Gaon Gareeb & Kisan forum will help in improving the quality of life at the grass-root level.  The budget will serve the country with an environment to grow and experience the best, with the entire gamut of economic verticals coming together to bring India’s vision into reality.

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