Union Budget 2024 Live Updates: As the union budget reports and finalizes the details, experts from different sectors submit proposals with the details and demands for the betterment of the citizens and the nation.
Now let’s take a look at the list said by experts
Union Budget 2024: New Updates
Insight Enterprise Mohan Subramanya on Cyber Security, AI, 5G and IOTÂ
India has established itself as a world leader in various sectors, including the IT sector. As the IT industry looks forward to the Union Budget 2024, I am committed to keeping up with this evolving technology landscape. We look forward to the budget.
This year, we will prioritize digital infrastructure. We look forward to strategically allocating resources, including improving incentives for research and upskilling various resources. With data protection laws coming up, the upcoming budget announcement will be seen as an important moment to strengthen attitudes toward conservation. I look forward to tax reforms aimed at promoting IT exports, as well as increased funding for important aspects such as cybersecurity and strong support for new technologies such as 5G, AI, and the Internet of Things. Furthermore, economic advances in research, development, and AI will change the country’s overall growth and be a leap toward strengthening our country’s global position. Artificial intelligence and technology can together raise the economic rate of the country.
GALF CEO Amit Vasisthat on calling for GST WaiverÂ
The previous initiatives related to Startup India and MSME development have started yielding positive results. However, many obstacles are piling up related to the scale-up process and institutional funding continues to generate rapid progress. The tax environment is especially burdensome for young businesses and is often perceived as tax terrorism rather than convenience. To promote the growth of start-ups and MSMEs measures such as forming a unified program at the state level with the central government’s goals and avoiding duplication of procedures and certifications between the central and state levels are much-needed measures.
By providing high-level priority to startups in government organizations and tenders that are reserving up to $200 billion, we can significantly strengthen the local ecosystem effortlessly Additionally, it is one way significant to provide full GST exemption for all businesses with a turnover of up to Rs 2 million and increase spending on ecosystem development that invest in or provide services from startups. be.
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Union Budget 2024: New Updates
BharatPe CFO Nalin Negi says this budget brings successful collaborations :
Also, tax incentives and favorable initiatives for research, product innovation, and skill development could be introduced to promote indigenization that will help India emerge as a global innovation hub. To help the startup ecosystem flourish, governments should further expand their eligibility criteria and consider tax breaks for employees of startups that are related to ESOPS employee stock ownership plans. He is optimistic that this budget will improve collaboration between fintech innovators and policymakers and set the stage for strengthening the existing ecosystem that can ultimately advance India’s digital economy ambitions. The view and perspective can change India’s future
Union Budget 2024: New Updates
Crystal Corp MD says technology improvisation can happenÂ
Companies across the spectrum of agritech and agrochemicals are boosting the industry by prioritizing technological advances. As we approach the Union Budget 2024 final list and report, we expect to see a positive impact on the agriculture industry. This budget will be valuable in technology change in the sector, increasing productivity and improving infrastructure, helping farmers, We expect this to deliver significant benefits to farm equipment owners. Likewise, Farmers causing strikers, demands and tagging rates on their products are bringing chaos to the agriculture sector and food sector eventually. To maintain the proper agro-economic status, the file needs to be upgraded minimally.
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