Arun Jain,
Chairman & Managing Director,
Polaris Financial Technology Limited
“The NDA Government’s Union Budget is reminiscent of Nelson Mandela’s ‘Rainbow Nation’ philosophy, which adopted continuity in the face of volatile relations. The tone of the budget was, in my opinion, smart to wise. The budget signaled to a wide array of segments, with a particular and necessary focus on major infrastructure, as well as relatively low-investment industries. The 15% tax exemption to industries from the Rs. 25 cr range onwards will surely create a conducive environment for startups. The Finance Minister’s special mention of
The budget’s allocation to Jammu & Kashmir and the North East is also commendable.
The IT and ITeS sector will benefit from the clarity in tax pricing and positive lack of major surprises in the budget. The ‘Financial Stability’ promised by the Finance Minister will grow from the predictability and continuity of this budget.
In conclusion, this iteration of the budget, though relatively unremarkable financially, is a strong statement for governance, which is not unlike a relay race. Carrying on the baton is as important as running ahead.”
