Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Union Budget

| More

Union Budget Reactions from Restaurateurs in Mumbai

Posted On: 2017-02-02 10:29:40

"Heartening to see the budget recognizing MSME sector as engine of entrepreneurship and job-creation. There are several positives including the focus on GST and reduction of corp. tax to 25% which should encourage MSMEs. A few areas that we hope the government pushes for through the year: follow-through on shops and establishment model law, incentives for digital payments and better access to credit for services-based MSMEs. Overall, happy that the government is walking the talk and focusing on basics rather than going for large, publicity-driven schemes that never go anywhere." as quoted by Rucheyta Bhatia Owner of Poetry Love and Cheesecake, Bandra West.

"The Union Budget 2017 definitely provides the common man, what was anticipated of it, i.e. a common man's budget. It increases disposable income of the middle class that can provide a spur to the slowing down economic growth. Halving the tax to five per cent up to the income of Rs 5 lakh eases the recent pains of demonetisation."

"At the same time, small and medium enterprises are aided by reducing the corporate tax rate to 25 per cent from the current 30 per cent for annual turnover up to Rs 50 crore." says Nishek Jain - Owner of 29 Restaurant, Kemps Corner.

"A very good move on part of government as corporates will save on taxes and this would definitely help in reaping in more investments which in turn helps in creating environment to generate employment opportunities. In my opinion as our Finance Minister had said we are largely non-tax compliant country with this reduction of 5% in corporate tax coupled with 5% reduction in individual tax slab number of taxpayers will increase and at a later stage we can expect a higher benefit. It is a welcome step to curb black money and move towards cashless economy.It is a courageous decision which will definitely help to widen tax net and encourage people to come forward and pay taxes.This budget has aimed at reviving our economy by providing benefits to rural India, infrastructure sector and Small and medium enterprises . Apart from this with the benefits of reducing tax rates if number of tax payers increase in individual and corporate categories this target can be achieved" says Saloni Rupani, Partner at Dishkiyaaon, Bandra Kurla Complex.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Post budget reaction - Mr. Mayur Gandhi, Chief Financial Officer, Schenker India Pvt. Ltd.

Union Budget Reaction - Mr.N.K.Prasad, President and CEO, CAMS

Don't be in a hurry to book profits, further steam left in the market: Angel Broking

Lords Hotels & Resorts on Union Budget 2017

Twitter records over 700K Tweets with #Budget2017

Budget reaction - Fintech sector - AGS Transact Technologies Limited

Post-Budget View - DTDC Express Limited

Budget reaction - Mahindra Lifespace Developers Limited

Post Budget Reaction - Haier India

CNBC-TV18 Mint Budget Verdict' brings India's policy makers

Comments on Budget 2017 - Mr. Kamlesh Patel, CMD, Asian Granito India Ltd

Post Budget Quote on Healthcare sector - Dr. P. M. Bhujang, President, Association of Hospitals

Union Budget 2017 Reaction - Mr Kamal Nandi, Business Head & EVP, Godrej Appliances

Budget Reaction - Mr Pirojshaw Sarkari, CEO, Mahindra Logistics

Realty Sector Hails The Union Budget 2017 - 18

4 ways the Budget 2017 will benefit Startups - Mr. Sujayath Ali, Co-founder and CEO, Voonik

Union Budget - Reaction - Ecommerce, Travel, Fitness, Cosmetics

Union Budget announcements for Pharma Industry - Khaitan & Co.

Budget Reaction - Khaitan & Co. on Ecommerce and FIPB abolished

Post Budget Reaction - Pradeep Dadha, CEO and Founder, Netmeds.com

Post-budget reaction - Mr. Parth Nyati, COO, TradingBells

Post Union Budget reaction - Mr. Abnish Kumar Sudhanshu, Amrapali Aadya Trading & Investments

Union Budget 2017-18 - Fiscal Prudence combined with Thrust on Rural, Infra & Housing - Reliance Securities

Budget Reaction: Logistics Industry - Anjani Mandal, CEO, Fortigo Network

Reaction on Budget - Radhika Rao, Economist DBS bank

Budget 2017 - Infrastructure sector - Centrum Infrastructure Advisory Limited

Post-budget reaction - Mr. Mustafa Nadeem, CEO, Epic Reseach

A disciplined and sensible budget; rural, housing and consumption sectors get major boost: Angel Broking

Post Budget Reaction - Anshul Mittal, Co-Founder, Konsult

Budget Reaction - Travel and Tourism - RCI India

Budget Reaction - Manufacturing Industry - K. Madhavan, MD, Peps Industries

Budget Reactions - Mr Himanshu Pujara, Managing Director, Euronet Services India Pvt Ltd

Union Budget 2017 - Mr. Manu Agarwal, Founder & CEO of Naaptol

Budget 2017 Reaction - Videocon

Post Budget Reaction - Education / Startup sector

Budget Reaction - Mr. Amit Modi, Director, ABA Corp and Vice President CREDAI Western UP

Post Budget Reaction - Mr. Vikas Khanvelkar, Managing Director, DesignTech Systems Ltd.

Technologies for Skills Development - Union Budget Reaction from eLearning sector - Skillsoft India

Union Budget 2017 Reaction - Truebil - Shubh Bansal - Co-founder and Chief of Marketing

Budget Reaction - Amitabh Chaudhry - Managing Director and Chief Executive Officer, HDFC Life

Budget Reaction - Rushabh Gandhi, IndiaFirst Life Insurance

Post Budget Reaction: Talentedge Ed-Tech firm

Union Budget 2017 - Sameer Segal, Founder and CEO - Artoo

A Budget less on Micro economics and more on Macro economics - Ms. Debadutta Upadhyaya - Co-founder, Timesaverz.com

Taking Ease of Doing Business from India to a Digitally Healthy Bharat - Dinesh Agarwal, Founder and CEO,IndiaMART.com

Budget 2017 seems to be positive for skill development - Mr. Dinesh Goel,Co-Founder & CEO, Hunarr.co.in

Budget measures aimed at empowering women Ms. Neha Bagaria,Co-Founder & CEO, JobsForHer

Hero of Budget 2017 is rural sector - Mr. Vishwavijay Singh, Co-founder, SaleBhai.com

Union Budget View - Mr. Sunil Gupta, Founder & Director, ExportersIndia.com

Budget 2017 - Ms. Sangeeta Banerjee - Co-Founder & CEO - ApartmentADDA





Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2018