Post Budget reactions - Welcome Cure

Mr.Punit Desai CEO & Co-founder Welcome Cure Homeopathy Healthcare Start-up

Speaking about the budget announcements, Punit Desai, Co-founder and CEO of Welcome Cure said, "A 7 year tax relief is a welcomed move for the startup eco-system to help overcome any losses the industry has incurred in the last quarter of 2016 due to the demonetisation drive. An added relief is the profit-linked deductions reduced to 3 out of 7 years giving a push to the sector overall. Realising the Digital India movement, expansion and Internet penetration in rural markets will further boost the startup eco-system while the digital transactions encouraged by the recent demonetisation drive will help push the Startup India initiative."

Source : Equity Bulls

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