“This is a status quo budget with no changes made to direct or indirect tax regimes. The 50-year near-interest-free loan for the sunrise segment shows the government’s commitment towards promoting innovation. The government also has plans to withdraw direct tax disputes up to Rs. 25,000 dating to before FY2010, re-iterating the government’s approach to ‘Minimum Government, Maximum Governance’. The government’s focus on the middle class with schemes to promote Buy or Build own homes could become a driver for growth. Overall the interim budget was more of a status quo budget with a focus on promoting innovation.“ –
- Anil Pinapala, CEO & Founder of FlexPay by Vivifi