In a bid to brand the technological sector, budget 2020 will prove to be an incentive for foreign investors. Addressing the retail sector specifically, the National Logistics Policy will now advance towards making MSMEs more competitive as the policy will be released soon. More, the new budget dynamics will act as a booster for Food Corporation of India and Warehousing Corporation of India. Furthermore, the Government has increased the infrastructure spend which will definitely improve reachability for e-commerce companies.
As a substantial influence of the GST, tax incidence has come down substantially which has become a launchpad for various investments. If the retail sector gets some substantial budget; the retail industry will be able to deliver a great consumer experience. However, few dramatic proposals on this, are still awaited.”
“With an increase in the allocation of funds from 94,800 cr last year to 99300 this year, the government continues to invest more in the education sector to infuse growth in the country. Addressing the severe skill shortage that businesses across India are facing at present, focus on skill development will lead to progress in the nation. We are also very affirmative with regards to the new education policy that will ensure quality education to students. Also, the introduction of degree-level full-fledged online education will empower the disadvantaged sections of the society in acquiring employable skills and for upskilling.
The taxation of ESOP for employees that has been one of the top demands and will be a boon in the start-up ecosystem.”
3. Aditya Agarwal, Co-Founder, Wealthy:
“As a member of the startup community in India, it is exciting and welcome to hear our Finance Minister recognize startups as a bedrock of the economy and to acknowledge our role in job and wealth creation. It is commendable that ESOPs will only be taxed on liquidation as opposed to exercise. This will serve as a lucrative incentive that helps attract and retain talent in our space. The move to remove DDT is another great proposal as it will make Indian equities more appealing for investors and also encourage FDIs. We are confident that these measures will lead to a boost in investments and consequentially quicken the economy.”
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