Post Budget reactions - The Spartan Poker

Mr.Amin Rozani MD & Co-Founder for The Spartan Poker

Budget 2017 brings in a relief to the start-up eco-system as the profit linked deductions have been proposed to be reduced to 3 years from 7 years, giving the sector a much-needed boost. Moreover, the 7 year tax holiday will help start-ups recover the losses that were incurred due to demonetization. In 2017, we can expect more and more start-ups entering the market, and the existing ones optimizing their growth. Focusing on the rural economy, the Finance Minister announced that by the end of 2017-18, 1.5 lakh gram panchayats will have access to high-speed broadband connectivity. which will further the cause of digital inclusion. Overall, this Union Budget is a positive push towards ushering a new digitized economy across sectors, and promises an optimistic future for start-ups.

Source : Equity Bulls

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