Rakesh Deshmukh, CEO and Co Founder – Firstouch
“I would like to thank Finance Minister Shri Arun Jaitley for the special attention on domestic manufacturing. It’s a great budget for mobile phone manufacturing. The reduction in corporate tax from 30% to 25% over a four years period is very appreciable. The move to reduce the burden on younger companies by reduction in the rate on income tax on royalty and fees for technical services to 10% from 25% is very positive. Rs 1,000 crore for promotion of startups particularly in the technology sector brings great hope and encouragement for startups like us to develop more patent technology innovations to help promote “Make in India†& “Made in India†initiative. This time budget is for betterment of the entire economy.â€
