Union Budget 2016

With the Union Budget 2016-17, Prime Minister (PM) Narendra Modi and Finance Minister (FM) Arun Jaitley have come a step closer to promoting infrastructural and digital growth, say the retail community.

The Union Budget 2016-2017, presented by Finance Minister Arun Jaitley in parliament, is out and experts say that there is a lot more that could be done.

With substantial focus on start-up and digital India, there still exist obstacles like costs, procedural complexities and delays at large.

The Union Budget for FY17 is a pro-agriculture, pro-rural sector budget.

As Union Budget 2016 is around the corner, main expectation of city industrialists and businessmen is a hike in the excise duty limit, taking it up to Rs5 crore and a reduction of corporate tax from 30% to 20%.

Key expectations from Union Budget 2016 by start-up and eCommerce sector have predominantly revolved around skill and employment incentives, start-up India funds, etc.

No longer disillusioned, the start-up community is backing up Prime Minister (PM) Narendra Modi and his Man, Finance Minster (FM) Arun Jaitley to come up with a pro-industry budget, and showing a great deal of hope in their inspirational leadership roles.