Nikhil Singhal, Managing Partnerr, 33 Vogue Entertainment

Three Cheers for Union Budget-2016

By Nikhil Singhal, Managing Partner, 33 Vogue Entertainment   With its significant focus on real estate, infrastructure, industrial development and rural India, definitely the Budget-2016 is a harbinger of good times ahead. There is plenty to cheer in this revolutionary budget which has boosted the morale of rural India where the country’s soul lies. As being […]

Quote on behalf of developers on the budget

Mr. Arjunpreet Singh Sahni, ED, Solitairian Group: “We welcome our honourable Finance Minister Mr. Arun Jaitly for presenting a growth oriented budget. After the last two years of disappointments this budget has definitely paved the way for increased footfalls of first time homebuyers in the market with its provision of additional deduction of Rs 50000 […]


Budget Quote from Mr. Kiran Murthi, CEO,

“Honourable Finance Minister has presented a business friendly budget which is encouraging for young and fast growing India. Taking the “Start-up India” action plan forward, the budget allocated Rs. 500 cr for SC/ST & Women entrepreneurs. The announcements made during the budget also include a 100 per cent tax exemption for 3 years for start-ups, […]

Budget Comments – Abhijit Joshi- MD, Veritas Legal

“The Union Budget 2016-17 is well balanced and progressive. Focus on critical areas such as development of infrastruture and skill development alongwith measures such as job creation are definitely in the right direction. Reduced corporate tax for SMEs along with simplified tax regime will help augment the investment environment in our country. Finance Minister announced […]

Budget 2016: Mixed Reaction from Schoolguru

“We have gone through the speech of the Finance Minister and the initiatives proposed by him for the Education Sector. We have mixed feelings about the same: The impetus provided for the Skill development seems very promising. The Government has increased the allocation and the targets for the skill development through the PM Kaushal Vikas Yojana. Government is […]

Rana Kapoor

Union Budget Quote from Mr Rana Kapoor, MD & CEO, YES Bank

“FY17 Budget has provided a strong growth direction to the Indian economy. The Finance Minister has managed to balance the need to prioritize social sector requirements with economic and business imperatives. The segmented 9-Pillar Approach with well carved out deliverables will ensure execution clarity and focus. By adhering to fiscal deficit aim of 3.5% the […]

Post Budget reaction from a Pune based tech startup SpiderG

Ashwani Rathore, CEO and Co-Founder, SpiderG said: “This union budget is well balanced and perfectly linked with the vision of prime Minister’s ‘Startup India Standup India’ campaign with 100% deduction on profit for startups for 3 out of five years. This exemption will reduce compliance burden and cash outflows. The decision of allotting 500 crores […]

Red Ribbon Asset Management Plc. – Budget Reaction

“The Union Budget 2015 has stood up to our expectation and is well aligned to the visions of Prime Minister Modi’s ‘Make in India’ campaign. The budget’s focus on growth, development, job creation and creating a better environment for doing business in India brings in a lot of positivity for the economy. Moves such as […]

Reaction on Union Budget 2016 – Expert Views/Comments (GoPaisa)

“We are positively enthused by the budget statement of no taxes for any 3 concurrent years out of the first 5 years of companies incorporation, as the earlier policy only covered no taxes for first 3 years, and the same provided no relief for alt east 90% of startups. Generally the first 2-3 years are […]

Reaction on Union Budget 2016-17 by Manish Kumar, Co-founder & CEO, GREX

“We believe the Union Budget 2016-17 is well aligned with Prime Minister’s ‘Make in India’ and ‘Startup India’ campaign. The budget focuses clearly on growth, development, job creation and creating a better environment for doing business in India. Besides a particular focus on startups by giving them exemption on their profits for the first three […]

Post budget reaction from the co-founder of OLA

“We are excited to have an inclusive, forward-looking budget, that lays a strong foundation for growth and development in the country. Focus on skill development will have a domino effect on employment, financial independence and GDP growth. It was quite encouraging to see the Hon’ble FM also address some key road transportation issues and set […]

Quote On Union Budget 2016 from FitCircle

“ Every Indian has the right to live a healthy life & this definitely is established strongly in Union Budget 2016-17.    Government’s decision to allow 100 per cent FDI through FIPB in marketing of food products produced and manufactured in India will be a great boost to Indian brands that are focusing on developing […]

Quotes from Startups on Union Budget 2016-17

Comments from Mr. Sandeep Agrawal, Founder & CEO, Droom This budget is far from the reforms expected. In the startup ecosystem, entrepreneurs and emerging businesses were hoping for some exciting announcement to encourage entrepreneurism and innovations.  However, the silver lining was the announcement for women and SC/ST entrepreneur with Rs. 500 crore allotments. As an […]

Pradeep Sajjan

Quote on Budget from a START UP (ROOM ON CALL)

“We heartily welcome the government’s acknowledgement of the role start-ups play in job creation. The government’s intention of playing the supporting role and that of an enabler is laudable and we are thankful to the for providing a series of policy initiatives and schemes in this budget that aimed at easing the hurdles that startups […]

Reaction on Union Budget 2016 – Expert Views/Comments (RedMango Analytics)

“The budget presented today was inclined towards development of rural India and that is a welcome step. However, it has little to offer startups in India. The budget provides for lower tax for companies with a turnover of under 5 crore which will only incentivise small scale startups, those unable to cross the INR 5 […]