Union Budget 2021: Focus on vision of Aatmanirbhar Bharat and Start-ups


Union Budget 2021: Focus on vision of Aatmanirbhar Bharat and Start-ups: The Union Budget turns out to be an excellent budget but not a transformational budget as was made out to be. It has adopted a brilliant strategy of large scale infrastructure rollout, funded by asset monetization of existing road, power lines, gas pipelines and railway assets.

 

The budget also covers funding of New Education Policy which is what I have been asking for as it will provide the human resources needed for growth in this decade. Adequate provisions have been made for health, education, agriculture, MSME's and startups. Hope there is removal of GST on digital payments and removal of Angel tax as a followup of the budget.

 

The Union budget 2021 has brought relief for a lot of industries and is poised to take India to greater heights. For start-ups and entrepreneurs, one key highlight from the budget is the capital gains exemption for one more year to 31 March 2022, and secondly they will be eligible to claim a tax holiday for an additional year. These extensions presented by the Honourable Finance Minister will provide a much-needed post-pandemic boost to the upstarts.

 

Secondly, increased focus on Innovation and on ease of doing business. This budget appears to have set the right pace for India’s journey to a digital first approach. It has brought relief for a lot of industries and is poised to take India to greater heights....Read More

 


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