AskmeBazaar.com calls Union Budget a business friendly one

Kiran Murthi, CEO, AskmeBazaar, said: "Honourable Finance Minister has presented a business friendly budget which is encouraging for young and fast growing India. Taking the “Start-up India” action plan forward, the budget allocated Rs. 500 cr for SC/ST & Women entrepreneurs."

"The announcements made during the budget also include a 100 per cent tax exemption for 3 years for start-ups, which is a welcome step. The Minister also proposed an amendment of Companies Act to allow new start-ups to register in one day. These steps will help to create a favorable business environment in the country," Murthi said.

"We welcome this budget as a progressive step in the right direction with an intention to promote entrepreneurship and encouraging start-ups in India.
Also, the Finance Minister reiterated the Government’s focus on rolling out GST. We are hopeful that GST will be a reality soon, thereby ensuring uniformity in tax rates and regulations," said Murthi.

"Overall, we are positive that the announcements made today will lead to strong economic growth of the country,” Murthi stated.

Jaitley on Monday presented the Union Budget 2016 focusing on rural development and farm and social sector along with infrastructure with analysts terming it a pro-poor, pro-agriculture move that throws a challenge to the government to implement in reality.