Union Budget Reaction Quote – Vidya Naarayan – Rizzle

Vidya Narayanan

By – Vidya Narayanan, Co-Founder & CEO, Rizzle

“We welcome the well-balanced budget, which attempts to focus on all the sectors, to accelerate economic recovery. While acknowledging the start-up sector as a growth driver of India’s economy, the finance minister has reaffirmed the Government’s support for the sector by extending the eligibility for claiming tax holidays by another year. Similarly, it has extended the capital gains exemption for investment in start-ups by one more year. This will help boost funding. On the whole, this year’s budget is pro-growth, with an emphasis on digitalization and ease of doing business.”