The Union Budget presented by Hon”ble Finance Minister Nirmala Sitaraman today has been welcomed unanimously and termed as a Budget for the common man.
Prime Minister Narendra Modi has hailed it as “people-friendly and progressive”.
It ushers confidence towards development amid the most terrible calamities in 100 years. the COVID-19 pandemic.
This budget is blended with fresh possibilities for more infrastructure, investment, growth, and jobs. The Budget also opens up the field of green jobs.
The Market too has welcomed the Finance Minister’s Union Budget 2022 and terms it as the most favourable Budget with much relief as against earlier Budget. The Banking sector too has hailed the Budget as people friendly.
Ankit Chhaparia, Owner, Coftea
The crisp & compact budget presented by FM today recognized the impact made by ‘Start-ups’ and ‘MSME’ on the industrial ecosystem. ‘One Nation, One Registration’ is a good move towards doing anywhere registration as it will facilitate ease of living & doing business. The existing tax benefits for Startups that were offered redemption of taxes for 3 consecutive years will be extended by 1 more year i.e. till March 31, 2023. The move to cap long-term capital gains at 15% cent will bring cheer for angel investors as it will reduce the tax from 28.5% to 23%.
Green initiatives, green bonds, and E-Passports are other praiseworthy initiatives, which need to be watch out for. However, the budget remains focussed on ‘Atma-Nirbhar Bharat’ particularly in the fields of industry, defence, and energy.