Finance Minister Nirmala Sitharaman has presented her fourth budget. The expectations of the middle class like tax exemption, increase in standard deduction have not been fulfilled. But, there is no negative announcement in the budget. This means that it is not going to increase the difficulty of your life. This is the reason why the stock markets have closed with good momentum. Let us know how the entrepreneurs liked this budget.
Uday Kotak, MD, Kotak Mahindra Bank
Uday Kotak, managing director of Kotak Mahindra Bank, one of the country’s largest private banks, has described Sitharaman’s budget as good. He has tweeted about this. In this, he said that this is a budget to increase confidence in self-reliant India. This is a budget to restore the confidence of taxpayers, entrepreneurs and investors. Build an Open, Digital and Inclusive India with a vision of 25 years. I am proud to be an Indian.
Anand Mahindra, Chairman, Mahindra Group
Mahindra Group Chairman Anand Mahindra has praised the Finance Minister for the budget. He has said that this was the shortest budget speech of Finance Minister Nirmala Sitharaman so far. But, this is a budget with a huge impact.
Nischal Shetty, CEO, WazirX
The picture has been cleared in the budget regarding tax on cryptocurrencies. This is big news for the crypto industry. Its biggest advantage is that people’s fear of banning crypto has gone away. We are confident that the government is making comprehensive regulations for this sector.
Nikhil Kamat, Co-Founder, Zerodha
There is no change for the investor and trader in this budget. There is nothing negative in the budget for the stock market. An attempt has been made to clear the picture in the matter of tax on cryptocurrencies.
Ambrish Parekh, Senior Leader, Paycraft
Keeping in view the challenges before the economy, the Finance Minister has presented a balanced budget. There are many such things in this budget, which will help small businesses and people who want to become entrepreneurs.
Abheek Barua, Chief Economist, HDFC Bank
In this budget, along with promoting economic recovery, there is an attempt to restore the health of the economy. Emphasis has been laid on making capital expenditure to increase growth.