Sudip De, Director at Doel International Pvt. Ltd.
We appreciate the announcements made in this Union Budget. The budget is an optimistic step by the Government for all the industries, ranging from agriculture, infrastructure to corporate sectors.
Post demonetization, we were expecting a few initiatives to address concerns faced by a common man-Launching BHIM app and introducing Aadhar smart cards will positively help in digital transformation and driving India towards cashless economy. Thus, leading to:
- Greater transparency
- Increased consistency
- Higher GDP growth in the economy
Sanjay Joshi, Country Manager at Edimax India
Edimax appreciates and welcomes the substantial Union Budget 2017 which has shown prodigious intent in keeping up the momentum of Make in India and Digital India missions. It will encourage people to adopt an electronic mode of payments which leads to increased digitization and cashless economy with inordinate transparency. Reduction in corporate taxes for MSMEs will bring ease of doing business and generate higher GDP in the economy.
A startling step taken by the government to contribute 10 lakh crore rupees for BharatNet projects will strengthen the digital infrastructure in rural areas In addition, introducing Computer Emergency Response Team (CERT) will certainly give a appease to people who previously were scared of digital payments All these major steps will help India in connecting India globally.
Mr Rammurthy, MD & CEO at eScan
MSME Corporate Tax Reduced to 25%
This is a good step to motivate the MSME segment, which is also the largest business segment & the largest job creator among business in India. This 5% tax rebate would provide some room to expand their businesses and will also help in job creation indirectly.
- Profit linked deduction to startups changed from 3 years out of 5 years to 3 years out of 7 years
This is one welcome step for the fastest growing startup, digital segment and motivate entrepreneurs, with the vision of government towards digital India, where as startups can now look forward to accelerate their business expansions.
- Highest ever outlay for infrastructure – Rs 3.96 lakh Cr
When we speak about infrastructure there is indirect growth of both IT and Telecom, hence the windfall gains will drive the growth of the businesses associated with Infrastructure developments too. Hence, it will be a complete 360% growth with increased employment.
- Focus on digitization with a cash back scheme for merchants, bonus referral for users
This has been one of the fastest drivers for the wallet, payment banks since demonetization and surely with the momentum now towards digitizing all cash back schemes for merchants, it will further fuel the growth and adoption among both users and merchants.
