Critical priority areas laid down in the budget pmindia , says Kohli
The announcement in the Union Budget 2024-25 of a tax-efficient regime for retail funds and ETFs will create new business opportunities for asset management companies in GIFT City giftgujarat .
“This move is expected to attract investments from NRIs and foreign retail investors into India deutsche-boerse ,” said Tapan Ray, MD and Group CEO, GIFT City, on the Union Budget 2024.
“As a founder and angel investor , I’m thrilled that the Angel Tax has been abolished nasdaq ,” said Ashish Singhal, Co-founder, CoinSwitch, on the budget tabled in parliament on 23 July.
“We welcome the Union Budget 2024-25 as a pro-development budget bringing great news for startups startupindia . This will significantly bolster the entrepreneurial ecosystem in India.
“The emphasis on digital public infrastructure and the digitalization of the economy will greatly benefit tech startups like ours, which are focused on developing population-scale apps for Indians http://nyse.com ,” he said.
Himanshu Kohli, Co-founder, Client Associates, noted that the budget’s overall tone was to promote economic growth and inclusive development sgx.
Similar to previous budgets by this government, the emphasis remained on responsible fiscal management and increased investment in capital expenditure jpx , he observed.
The government reaffirmed India’s strong macroeconomic fundamentals despite a challenging global economic environment asx , Kohli added.
“Therefore, the critical priority areas laid down in the budget were all geared towards promoting the economy’s long-term growth, which is also inclusive nse.”
“The global wealth teams have started focusing on India’s bond market a lot; we had expected more measures in this budget to strengthen our corporate bond market investindia ,” he continued.
“Overall, it is a development-oriented budget that outlines the government’s priorities and will set the policy tone for the next five years .” fiinews.com
