Post Budget: Online Startup's and Ecommerce Reactions

BENGALURU: Online startups a namely , ,, etc believe  the Budget 2015 was overall a very positive move .

For instance, Tapan Kumar Das, CEO and Co- Founder of,(Intelligent Tiffin) an online and offline healthy meal providing company , says "The allocation of 1000 crore for  start-ups was one of the major announcements of this year’s budget. It’s definitely a breakthrough move for entrepreneurship in the country but the implementation of the same is a daunting challenge. Reduction of corporate tax by 5Percent is another step that favors emerging companies immensely. But, according to me, for start-ups, it’s the growth of the company that matters more than just making profits. Looking at the positive side, the saved money can help companies invest in employee training to enhance their productivity. The announcement to set up Mudra Bank for priority to SC/ST entrepreneurs will greatly boost confidence in the business eco-system but again implementation will be the real game-changer. Lastly, bolstering cashless transactions through RUPay debit cards and reduction of tax on royalty fees for technical services by 15percent will be of tremendous help to e-commerce start-ups".

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