Finance Minister Arun Jaitley, presented his third budget today in the parliament. A pro-poor and pro-rural budget, there was ample indication that initiatives like Make In India, Start Up India and Stand Up India had been given high priority in the budget.
The Budget 2016 had hardly anything to offer for the Media and Entertainment sector. However, the focus on rural and start-up development could have an indirect effect on the sector. Industry experts and analysts share their views on the Union Budget 2016.
The start-up community is looking for tax breaks, especially on angel investment, an extension of the ease-of-doing-business philosophy, as well as resolution of long standing bills likes the GST from the upcoming Union Budget 2016
Brand heads from across sectors view Union Budget as progressive and balanced, appreciating the govt’s commitment to increasing investment, tax reforms, Make In India push, and infrastructure enhancement
It's indeed a budget that even the sharpest critics of the government can't possibly rate lower than 8 out of 10, says Chitralekha Group's Mitrajit Bhattacharya as he scans the essential highlights of the Budget
It's a pragmatic Budget but many of the actions outlined need to be closely watched as they will be interdependent. It should streamline progressive growth and bring in opportunities for risk-taking Indians, observes DDB Mudra Group’s Mandeep Malhotra