Left Menu
Development News Edition
LIVE

Budget 2020 LIVE: Facts and Perspectives

Budget 2020 LIVE: Facts and Perspectives
Union Budget 2020 Image Credit: ANI

Today, Indian Finance Minister Nirmala Sitharaman is presenting the Union budget for the financial year 2020-21 (Budget 2020-21). This budget is being viewed as the most important budget for the second term of Prime Minister Narendra Modi's government because it will set the direction for the economy which is facing economic slowdown and unemployment.

The Live Discourse is an interactive platform where you can share your views on the budget from your individual/sectoral perspective which will be published after required editorial review. Besides, Team Devdiscourse will also update you on news related to Budget 2020-21. (You can also email us at info@devdiscourse.com )


India | Devdiscourse News Desk
Updated: 03-02-2020 18:41 IST Created: 01-02-2020 10:37 IST

6:41 PMIndustries and individuals alike had high expectations from the government to take tangible steps but the budget 2020 seems to have failed expectations.Read more

11:46 AMIf at all the GDP were to clip at the projected 5.7-6.6 percent in FY21, it will be thanked more to the base effect-FY20 growth at an 11-year low of 5 percent, down from 6.1 percent in FY19 on the back of a 48-year low nominal growth of at 7.5 percent in FY20. "The given its tied hands, the government has aimed at some measured moves in the budget to bolster growth. Most of these, however, are not expected to provide a short-term boost," says the Crisil report.Also Read: Budget measures too long term, unlikely to meet growth targets in FY21: Crisil

11:34 AM"The setting up of an investment cell is very interesting. Getting access to the Fund of Funds has been something most startups are looking forward to. With the investment cell, this is further augmented by getting advice on setting up your business and also investment options available to startups," said Deepak Ananth, CEO & Co-founder, ScoutMyTrip on Budget 2020-21. Here further added, "The FM also talked about how the travel and tourism industry is being infused with INCR 2500 Cr this year. As a travel Startup, this is great news as much as it is for increasing earnings at a local level for individuals,".Ananth also opined that MSMEs stand to benefit from a single platform e-marketplace for the exchange of goods. We are excited to see what this entails and how it pans out, he added.

11:20 AMA sum of Rs 99,300 crores for education for the year 2020-21 will be provided, Finance Minister Nirmala Sitharaman said on Saturday while presenting the second union budget of Modi's re-elected government. For more details, please read Budget 2020-21: Govt announces Rs 99,300 crores for education sector

9:51 PMPromise to double the farmers’ income by 2022, is a fairy tale if you don’t talk about Minimum Support Price (MSP) and other recommendations of Dr. Swaminathan committee. For further details, please readBudget 2020: Finance Minister promises to double farmers’ income but ignores their problems

5:36 PMThe economists have offered mixed views on Budget 2020 presented by Union Finance Minister Nirmala Sitharaman on February 1. Thought a number of economists have appraised the announcements but expressed concerns on implementation. Also Read: Economists offer mixed views on Budget

5:27 PMCAIT National President Mr. B.C.Bhartia & Secretary General Mr. Praveen Khandelwal said that the announcements made in the budget are put to implementation in a strategic manner with a defined time frame will certainly lead India to a 5 trillion economy. The budget will promote more exports which will gain more share in the global market space and consolidate the Country's position at the global level.Also Read: Budget 2020 will boost income and enhance purchasing power: CAIT

5:10 PMManit Parikh, Country Head India, ELSA Corp has said the decision of the Central government to invest Rs 3,000 Cr in skill development would ensure quality in skill development in India. "There is a huge demand for individuals in various industries countries internationally as well. However, the skills do not match in accordance to demand by employers. So, by the government proposal of Rs 3,000 crore it allows the country to create quality skill development which will be available at affordable cost, focusing on 5 key components that are Visual, Reading, Listening, Speaking and Thinking among others are very important, especially via the use of emerging technologies such as Artificial Intelligence (AI), Augmented Reality (AR) / Virtual Reality (VR) and more," said Parikh. "There have been many Ed-Tech companies in India like BYJUs, ELSA Speak and more who are at the forefront of this by engaging with both youth and adults in Tier 1 cities and beyond to empower and uplift them to have jobs and move away from ones which may soon become obsolete," he added. Mr. Parikh also highlighted the role of youths in enabling US$ 5 trillion Economy target of India. The advantage of the 'youth dividend' needs to be channelized and enabled to put the country on the global map, suggested Parikh. ELSA Corp is an Edu-Tech headquartered in the US with tech offices in India, Portugal, and Vietnam.

4:55 PMBarco India's Managing Director Rajiv Bhalla has applauded the budget 2020-21 and said that his company looks forward to partnering with the government in the new plans announced as part of the budget.“The 2020 Budget has been drafted around the key themes of talent, technology, entrepreneurship, and sustainability and we applaud the Centre’s efforts at boosting the economy. The Finance Minister has maintained focus on tourism by announcing that iconic destinations will be connected by “corporate” trains like Tejas and with the plan to develop 5 archaeological sites into iconic sites. Five new smart cities have also been proposed and Barco looks forward to partnering with the Government in this direction,” says Rajiv Bhalla.

4:44 PM"The ESOP policy is a good acknowledgment of how incentives in private companies work. However, the limitations need to be examined to understand whether these work for younger startups in a practical manner. Most employees would exercise options at the time if quitting or when the actual sale happens. In the former case this new policy is still imposing taxes, it seems. The devil is in the details," Satyen Kothari, Founder & CEO, Cube Wealth (ex-co-founder Citrus Payments). Cube Wealth is a global app-based wealth management company. It gives users access to 17+ curated investment options from thousands of options available in the Indian financial market, some of which include mutual funds, foreign stocks, gold, and P2P lending. Cube Wealth is backed by prominent international investors, including Singapore-based venture fund Beenext, Japan-based Asuka Holding and US-based venture fund 500 Startups.

4:42 PMQueppelin's CEO Dr. Pulkit Mathur is enthusiastic with the budget 2020-21 in which the Indian government took several important steps to support the growth of the technology sector.Mathur said, "it was heartening to see FM Sitharaman recognize the importance of Deep Tech (which) is driving the next wave of growth in India. From AI in Ayushman Bharat to Data Centre Parks to allocation of Quantum Tech....there was enough in that Budget for the Technology sector to be enthused about."

4:07 PMFounder and Chief Executive Officer (CEO) of Notebook, Mr Achin Bhattacharyya has expressed satisfaction on budget announcements for the education sector. "Announcement of online degree courses by top 100 institutions is a welcome step. In a country as big and diverse as ours, the only way to leapfrog and ensure delivery of quality education to students in every remote corner of the country has to be a centralized building of quality content and online delivery using best in class cloud-based storage and technically robust delivery requiring minimal resources at the user's end," said Bhattacharyya. With a responsibility to let every child learn, Notebook is a digital content portal that allows children and parents to learn topics in their respective school syllabi through engaging videos and notes. He also expressed satisfaction on the announcement implementation of the National Education Policy (NEP), very soon. Also Read: Online degree courses in top 100 institutions is a welcome step: Notebook CEO and Founder Achin Bhattacharyya

2:01 PMFinance Minister Nirmala Sitharaman introduced new slabs and reduced the tax rate for different slabs for an individual income of up to Rs 15 lakh per annum if a taxpayer opts for foregoing exemptions and deductions. The new tax regime will be optional and the taxpayers will be given the choice to either remain in the old regime with exemptions and deductions or opt for the new reduced tax rate without those exemptions.There are about 100 tax exemptions and deductions, she said that 70 of them are being removed in the new simplified tax regime, while the remaining will be reviewed and examined in due course.

1:47 PMOn the Budget discussion of 2020, Sitharaman proposed to impose a nominal health cess on import of medical equipment.Finance Minister Nirmala Sitharaman: I propose to impose a nominal health cess on imports of medical equipment pic.twitter.com/LZWS83NSxo — ANI (@ANI) February 1, 2020

1:38 PMNow the process of allotment of PAN will be easy as government is going to launch a system for instant allotment of PAN.Finance Minister Nirmala Sitharaman: Govt to further ease process of allotment of PAN. Govt to launch system for instant allotment of PAN on basis of Aadhaar pic.twitter.com/WbDsLvTueU — ANI (@ANI) February 1, 2020

1:34 PMNirmala Sitharaman has extended the date of approval of affordable housing projects for availing tax holiday by one more year.FM Nirmala Sitharaman: In order to promote affordable housing projects, I propose to extend date of approval of affordable housing projects for availing tax holiday by one more year. pic.twitter.com/J9YGGl5qtr — ANI (@ANI) February 1, 2020

1:26 PMIn today's budget discussion, Finance Minister Nirmala Sitharaman has proposed to increase the turnover limit for startups from Rs 25 crores to 100 crores. FM Nirmala Sitharaman: Start-ups are engine of growth. Propose to increase turnover limit for startups from Rs 25 crores to 100 crores. #BudgetSession2020pic.twitter.com/qZzIrzsrcU — ANI (@ANI) February 1, 2020

1:26 PMFinance Minister Nirmala Sitharaman announced new income tax regime rates for individuals as follow:No tax on up to Rs 5 lakh10% for Rs 5-7.5 lakh income15% for Rs 7.5-10 lakh20% for Rs 10-12.5 lakh25% for Rs 12-15 lakhNo change for more than Rs 15 lakh

1:19 PMBig relief in income tax by Nirmala Sitharaman in the budget discussion 2020FM Nirmala Sitharaman: In the proposed regime, those with income between Rs 7.5-10 lakhs can pay tax at 15% against the current 20%. Those with income between Rs 10-12.5 lakhs can pay tax at 20% against 30% — ANI (@ANI) February 1, 2020

1:16 PMRs 99,300 crores has been allocated for the education sector.External commercial borrowings and FDI will be leveraged to improve the education system.Full-fledged degree level online courses will soon be offered by the top educational institutions.New education policy to be announced.Medical colleges to be attached with district hospitals to deal with the shortage of doctors.

1:12 PMFinance Minister Nirmala Sitharaman proposed to reduce the income tax FM Nirmala Sitharaman: We propose to bring a personal income tax regime, where income tax rates will be reduced, so now, person earning between Rs 5-7.5 lakhs will be required to pay tax at 10% against current 20%. pic.twitter.com/NTwxGegLt1 — ANI (@ANI) February 1, 2020

1:05 PMRs 27,300 cr for industry, commerce developmentRs 27,300 cr for industry, commerce developmentRead @ANI story | https://t.co/4OFvjMZWIwpic.twitter.com/mv0lvmDw9h — ANI Digital (@ani_digital) February 1, 2020

1:03 PMIndia's Finance Minister Nirmala Sitharaman said we have estimated nominal growth of GDP for the year 2020-21.Finance Minister Nirmala Sitharaman: We have estimated nominal growth of GDP for the year 2020-21 on the trends available, at 10%. pic.twitter.com/3ah9bB94z6 — ANI (@ANI) February 1, 2020

0:58 PMGovernment proposes to sell a part of its holding in LIC by initial public offer.Finance Minister Nirmala Sitharaman: Government proposes to sell a part of its holding in LIC by initial public offer. #BudgetSession2020pic.twitter.com/j8gAKPXNJ8 — ANI (@ANI) February 1, 2020

0:52 PMSensex down by 35.21 pointsSensex at 40,688.28, down by 35.21 points pic.twitter.com/pao02OBySo — ANI (@ANI) February 1, 2020

0:48 PMFinance Minister consider clean air as a matter of great concern thus, she had proposed in Budget 2020 to implement plants to ensure clean air.Finance Minister Nirmala Sitharaman: Clean air is a matter of concern in large cities, propose to encourage states to formulate and implement plans to ensure clean air. Allocation for this purpose is Rs 4,400 crores. #BudgetSession2020pic.twitter.com/L1rPxMB9DW — ANI (@ANI) February 1, 2020

0:43 PMFinance Minister Sitharaman had discussed the archaeological sites of India to be developed including Rakhigarhi, Hastinapur,Shivsagar, Dholavira and Adichanallur. Finance Minister Nirmala Sitharaman: 5 archaeological sites to be developed as iconic sites with on-site museums -Rakhigarhi, Hastinapur, Shivsagar, Dholavira and Adichanallur pic.twitter.com/9wl9wk9WXW — ANI (@ANI) February 1, 2020

0:37 PMAllocation of Rs 9500 crores for senior citizens and "Divyang" said Nirmala Sitharaman today on budget discussion 2020-21 Finance Minister Nirmala Sitharaman: Enhance allocation of Rs 9500 crores for senior citizens and 'Divyang'. pic.twitter.com/mGamifw8uJ — ANI (@ANI) February 1, 2020

0:32 PMFinance Minister Nirmala Sitharaman to provide 35600 crores for nutrition-related programsFM Sitharaman: I propose to provide Rs 35600 crores for nutrition related programmes for 2020-21. #BudgetSession2020https://t.co/FskjMxvoP0 — ANI (@ANI) February 1, 2020

0:27 PMThe Finance Minister of the nation is soon bringing out a policy to enable the private sector to build Data Centre Parks.Finance Minister Nirmala Sitharaman: To soon bring out a policy to enable private sector to build Data Centre Parks in the country pic.twitter.com/mTP5VOsoeN — ANI (@ANI) February 1, 2020

0:21 PMFinance Minister Nirmala Sitharaman proposed to provide 1.7 lakh crores for transport infrastructure in 2020-21Finance Minister Nirmala Sitharaman: I propose to provide Rs 1.7 lakh crores for transport infrastructure in 2020-21. #Budget2020https://t.co/lFfJP3rRtk — ANI (@ANI) February 1, 2020

0:11 PMFinance Minister Nirmala Sitharaman is aiming to complete the Delhi Mumbai Expressway by 2030FM Nirmala Sitharaman - #BudgetSession2020: The Delhi-Mumbai Expressway will be completed by 2023 pic.twitter.com/i9pWLLwIua — ANI (@ANI) February 1, 2020

0:07 PMMarket benchmarks Sensex and Nifty turned cautious in late-morning trade on Saturday as Finance Minster Nirmala Sitharaman began presenting the Union Budget 2020-21 in Parliament. After gyrating over 450 points in the morning session, the 30-share BSE Sensex was trading 30.84 points, or 0.08 percent, higher at 40,754.33 at 1130 hours.Similarly, the 50-share NSE Nifty advanced 10.35 or 0.09 percent, to 11,972.45.Sensex was trading over 150 points higher ahead of the Budget presentation.Presenting the Budget for 2020-21, Sitharaman said fundamentals of the economy were strong and inflation had been well contained, while banks cleaned up accumulated loans. She said this Budget is aimed at boosting the income and purchasing power of people.Top gainers in the Sensex pack included Maruti, HUL, Bajaj Finance, UltraTech Cement, TCS, Asian Paints, and Bajaj Auto. However, PowerGrid, NTPC, Tech Mahindra, Tata Steel, and ONGC were trading in the red.

0:06 PMFinance Minister Nirmala Sitharaman had proposed to provide a whopping amount of Rs 27300 crore for development FM Nirmala Sitharaman - #BudgetSession2020: I propose to provide Rs 27300 crore for development for industry and commence for year 2020-21 pic.twitter.com/JK2tBvkT8M — ANI (@ANI) February 1, 2020

11:58 AMViability gap funding window to be set up to cover hospitals, with priority given to aspirational districts that don't have hospitals impaneled under Ayushman Bharat scheme said Nirmala SitharamanFM Nirmala Sitharaman: There is a shortage of qualified medical doctors both general practitioners and specialists; it is proposed to attach a medical college to a district hospital in PPP mode; details of the scheme to be worked out soon. #Budget2020pic.twitter.com/aHQXn0yAgs — ANI (@ANI) February 1, 2020

11:57 AMFM: Entrepreneurship is strength of India. I propose to set up an investment clearance cell that will provided end to end facilitation and support including pre-investment advisory, info on land banks and facilitate clearance at state level

11:48 AMVillage Storage Scheme run by Self Help Groups will provide holding capacity for farmers said Finance Minister Nirmala SitharamanFM Nirmala Sitharaman: For sector comprising agriculture, allied activities, irrigation and rural development, an allocation of Rs 2.83 lakh crores has been made for 2020-21 pic.twitter.com/0v3Di5YfCg — ANI (@ANI) February 1, 2020

11:36 AMFinance Minister Nirmala Sitharaman said, To build a seamless national cold supply chain for perishables, Indian Railways will set up Kisan Rail through PPP model so that perishable goods can be transported quickly. Krishi Udaan will be launched by MoCA on international and national routes.

11:30 AMDebt comes down to 48.7 percent in March 2019 from 52.2 percent in March 2014 said Nirmala SitharamanFM Nirmala Sitharaman: Central government's debt has come down to 48.7% in March 2019 from 52.2% in March 2014 https://t.co/BlckJrmHEM — ANI (@ANI) February 1, 2020

11:27 AMFinance Minister Nirmala Sitharaman presenting Budget 2020 in Parliament and said, Our government is committed to the goal of doubling farmers income by 2022

11:16 AMFinance Minister Nirmala Sitharaman in a statement said, "I pay homage to visionary leader Late Arun Jaitley, the chief architect of Goods and Services Tax. GST has been the most historic of the structural reforms. GST has been gradually maturing into a tax that has integrated the country economically".

11:13 AMFM: Our people should be gainfully employed, our businesses should be healthy; for all minorities, women, and people from SCs and STs, this Budget aims to fulfill their aspirations

11:08 AMFinance Minister Nirmala Sitharaman begins presenting the budget for 2020-21 in Lok Sabha.

11:04 AMFamous film actress and BJP parliamentarian Hema Malini, her son BJP MP Sunny Deol and Bhojpuri actor and MP Ravi Kishan arrived at Parliament. BJP MPs Hema Malini,Ravi Kishan, and Sunny Deol arrive in Parliament. #Budget2020pic.twitter.com/ILyJFaik4q — ANI (@ANI) February 1, 2020

10:59 AMThe Union Cabinet headed by Prime Minister Narendra Modi on Saturday approved the Budget for the financial year beginning April 1, which may see measures to lift the economy from the worst economic slowdown in 11 years. Before coming to Parliament for presenting her second budget, Finance Minister Nirmala Sitharaman and her team met President Ram Nath Kovind.Also Read: Cabinet approves Union Budget for 2020-21

10:49 AMPrime Minister Narendra Modi and Home Minister Amit Shah arrive at the Parliament, ahead of the presentation of Union Budget 2020-21.PM @narendramodi reaches Parliament House, to attend the Cabinet meeting, ahead of the presentation of #Budget2020 by FM @nsitharaman Stay tuned LIVE from 11 AM: https://t.co/TN71mvbfGtpic.twitter.com/vznPJc6cod — PIB India (@PIB_India) February 1, 2020

10:45 AMFinance Minister Nirmala Sitharaman's family including her daughter Parakala Vangmayi arrive in Parliament for Union Budget 2020.Delhi: Finance Minister Nirmala Sitharaman's family including her daughter Parakala Vangmayi arrive in Parliament. #Budget2020pic.twitter.com/Pcm6Uc746j — ANI (@ANI) February 1, 2020

03-02-2020 06:41:10 PM

Sentiment Analysis on Budget 2020 by Team VisionRI and Devdiscourse

Industries and individuals alike had high expectations from the government to take tangible steps but the budget 2020 seems to have failed expectations.

Read more 

  • 0 Like
  • 0 Dislike
  • 0 Comment

No Comments

03-02-2020 11:46:49 AM

Budget measures too long term, unlikely to meet growth targets in FY21: Crisil

Budget measures too long term, unlikely to meet growth targets in FY21: Crisil

If at all the GDP were to clip at the projected 5.7-6.6 percent in FY21, it will be thanked more to the base effect-FY20 growth at an 11-year low of 5 percent, down from 6.1 percent in FY19 on the back of a 48-year low nominal growth of at 7.5 percent in FY20. "The given its tied hands, the government has aimed at some measured moves in the budget to bolster growth. Most of these, however, are not expected to provide a short-term boost," says the Crisil report.

Also Read: Budget measures too long term, unlikely to meet growth targets in FY21: Crisil

 

READ MORE ON : Budget 2020Crisil
  • 0 Like
  • 0 Dislike
  • 0 Comment

No Comments

03-02-2020 11:34:32 AM

Budget 2020-21 is encouraging for travel StartUps: Deepak Ananth, CEO & Co-founder , ScoutMyTrip

Budget 2020-21 is encouraging for travel StartUps: Deepak Ananth, CEO & Co-founder , ScoutMyTrip

"The setting up of an investment cell is very interesting. Getting access to the Fund of Funds has been something most startups are looking forward to. With the investment cell, this is further augmented by getting advice on setting up your business and also investment options available to startups," said Deepak Ananth, CEO & Co-founder, ScoutMyTrip on Budget 2020-21. Here further added, "The FM also talked about how the travel and tourism industry is being infused with INCR 2500 Cr this year. As a travel Startup, this is great news as much as it is for increasing earnings at a local level for individuals,".

Ananth also opined that MSMEs stand to benefit from a single platform e-marketplace for the exchange of goods. We are excited to see what this entails and how it pans out, he added. 

READ MORE ON : Deepak AnanthScoutMyTrip
  • 0 Like
  • 0 Dislike
  • 0 Comment

No Comments

02-02-2020 11:20:21 AM

Govt announces Rs 99,300 crores for education sector

Govt announces Rs 99,300 crores for education sector

A sum of Rs 99,300 crores for education for the year 2020-21 will be provided, Finance Minister Nirmala Sitharaman said on Saturday while presenting the second union budget of Modi's re-elected government. 

For more details, please read 

Budget 2020-21: Govt announces Rs 99,300 crores for education sector

READ MORE ON : education sector
  • 0 Like
  • 0 Dislike
  • 0 Comment

No Comments

01-02-2020 09:51:36 PM

Budget 2020: Finance Minister promises to double farmers’ income but ignores their problems

Budget 2020: Finance Minister promises to double farmers’ income but ignores their problems

Promise to double the farmers’ income by 2022, is a fairy tale if you don’t talk about Minimum Support Price (MSP) and other recommendations of Dr. Swaminathan committee.   

For further details, please read

Budget 2020: Finance Minister promises to double farmers’ income but ignores their problems

  • 0 Like
  • 0 Dislike
  • 0 Comment

No Comments

01-02-2020 05:36:01 PM

Economists offer mixed views on Budget

Economists offer mixed views on Budget

The economists have offered mixed views on Budget 2020 presented by Union Finance Minister Nirmala Sitharaman on February 1. Thought a number of economists have appraised the announcements but expressed concerns on implementation. 

Also Read: Economists offer mixed views on Budget

READ MORE ON : Budget 2020Budget 2020-21
  • 0 Like
  • 0 Dislike
  • 0 Comment

No Comments

01-02-2020 05:27:15 PM

Budget 2020 will boost income and enhance purchasing power: CAIT

Budget 2020 will boost income and enhance purchasing power: CAIT

CAIT National President Mr. B.C.Bhartia & Secretary General Mr. Praveen Khandelwal said that the announcements made in the budget are put to implementation in a strategic manner with a defined time frame will certainly lead India to a 5 trillion economy. The budget will promote more exports which will gain more share in the global market space and consolidate the Country's position at the global level.

Also Read: Budget 2020 will boost income and enhance purchasing power: CAIT

READ MORE ON : Budget 2020CAIT
  • 0 Like
  • 0 Dislike
  • 0 Comment

No Comments

01-02-2020 05:10:05 PM

Rs 3,000 Cr in skill development will create quality: Manit Parikh, Country Head India, ELSA Corp

Rs 3,000 Cr in skill development will create quality: Manit Parikh, Country Head India, ELSA Corp

Manit Parikh, Country Head India, ELSA Corp has said the decision of the Central government to invest Rs 3,000 Cr in skill development would ensure quality in skill development in India. 

"There is a huge demand for individuals in various industries countries internationally as well. However, the skills do not match in accordance to demand by employers. So, by the government proposal of Rs 3,000 crore it allows the country to create quality skill development which will be available at affordable cost, focusing on 5 key components that are Visual, Reading, Listening, Speaking and Thinking among others are very important, especially via the use of emerging technologies such as Artificial Intelligence (AI), Augmented Reality (AR) / Virtual Reality (VR) and more," said Parikh. "There have been many Ed-Tech companies in India like BYJUs, ELSA Speak and more who are at the forefront of this by engaging with both youth and adults in Tier 1 cities and beyond to empower and uplift them to have jobs and move away from ones which may soon become obsolete," he added. 

Mr. Parikh also highlighted the role of youths in enabling US$ 5 trillion Economy target of India. The advantage of the 'youth dividend' needs to be channelized and enabled to put the country on the global map, suggested Parikh. ELSA Corp is an Edu-Tech headquartered in the US with tech offices in India, Portugal, and Vietnam. 

  • 0 Like
  • 0 Dislike
  • 0 Comment

No Comments

01-02-2020 04:55:42 PM

Applaud govt's efforts to boost the economy: Barco India's Rajiv Bhalla

Barco India's Managing Director Rajiv Bhalla has applauded the budget 2020-21 and said that his company looks forward to partnering with the government in the new plans announced as part of the budget.

“The 2020 Budget has been drafted around the key themes of talent, technology, entrepreneurship, and sustainability and we applaud the Centre’s efforts at boosting the economy. The Finance Minister has maintained focus on tourism by announcing that iconic destinations will be connected by “corporate” trains like Tejas and with the plan to develop 5 archaeological sites into iconic sites. Five new smart cities have also been proposed and Barco looks forward to partnering with the Government in this direction,” says Rajiv Bhalla.

READ MORE ON : Barco India
  • 0 Like
  • 0 Dislike
  • 0 Comment

No Comments

01-02-2020 04:44:53 PM

Budget is good for Startups but taxation: Satyen Kothari, Founder & CEO, Cube Wealth

Budget is good for Startups but taxation: Satyen Kothari, Founder & CEO, Cube Wealth

"The ESOP policy is a good acknowledgment of how incentives in private companies work. However, the limitations need to be examined to understand whether these work for younger startups in a practical manner. Most employees would exercise options at the time if quitting or when the actual sale happens. In the former case this new policy is still imposing taxes, it seems. The devil is in the details,"  Satyen Kothari, Founder & CEO, Cube Wealth (ex-co-founder Citrus Payments). 

Cube Wealth is a global app-based wealth management company. It gives users access to 17+ curated investment options from thousands of options available in the Indian financial market, some of which include mutual funds, foreign stocks, gold, and P2P lending. Cube Wealth is backed by prominent international investors, including Singapore-based venture fund Beenext, Japan-based Asuka Holding and US-based venture fund 500 Startups.

  • 0 Like
  • 0 Dislike
  • 0 Comment

No Comments

Live Discourse

Trending
Latest
Latest Updates
Give Feedback