Budget Quote from Vaibhav Lall, Founder of Khojdeal, “The COVID-19 pandemic wreaked unprecedented havoc on the startup sector in the Indian ecosystem. There was a much needed support required by the cash-strapped industry from the Union Budget to take them out of the conundrum. We therefore welcome the FM’s decision to extend the tax holiday and capital gains exemption incentives by one more year. Also the initiative to include 1 lakh digital villagers in the next 5 years is a great news for businesses with penetration in tier 3 and tier 4 regions. Icing on the cake are the GST provisions provided for SMEs earning less than 5 cr – to file GST only once in the quarter of a year. The budget will not also provide much needed time for start-ups to get back up on their feet but also boost the overall performance of the SME sector.“
Ratul Puri, Chairman, Hindustan Power “The thrust of the Budget is on reviving the economy. It is positive and refreshing in its scope and scale. All the announcements are forward looking and will put India back on the growth trajectory.The announcement of ₹3.05 trillion package for discoms is encouraging and will reform the ailing power distribution sector. Prime Minister Narendra Modi government’s focus on improving financial health of state power utilities will ensure consumers get more choices as it will promote competition, reliable power supplies and make the sector attractive to foreign investors, besides giving an overall boost to the industry.
The Budget has also given a boost to the non-conventional energy sector by allocating Rs 1,000 crore to solar energy corporations and Rs 1,500 to renewable energy development agencies. It is a welcome move.”
Anuradha Prasad, Founder & CEO, India Leaders for Social Sector said, The Education Budget 2021 comes as a much-needed respite for small charitable Trusts amidst post-COVID fund crunch and current compliance structure for the sector. The key focus areas in education: will be effective implementation of NEP, setting up of Higher Education Commission and International research collaboration. These resources and opportunities will empower the youth of our country and our country will benefit from the demographic dividend. The good news for the education sector is that; government channelized efforts towards digitization, be it the additional allocation for MGNREGS, aim for technology-driven education National Foundational Literacy and Numeracy Mission. We strongly believe these efforts will converge into building a holistic blueprint for development on all human development indicators and benchmarks.
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