With large number of announcements in the Budget to push the digital economy of India by boosting the government's Digital India project and increasing incentives for digital payments, we're looking at some major overhaul when it comes to digitization.
The government proposed to reduce the Income Tax for those companies with an annual turnover of upto Rs 50 crore to 25%. This aims to give the MSMEs a reduction of 5% from the current applicable rate of 30 percent
With the Union Budget 2017 round the corner, the country's realty biggies shared their expectations with Entrepreneur India from the upcoming FY18 Budget in the 2017-Estate Awards show, organized by Franchise India.
According to a report by Statista, the biggest growth drivers of the e-commerce market in India in 2017 will be the 59.6 million users within the age group of 25-34 years, i.e. the millennial population.
Breaking away from the colonial-era tradition the budget date has been advanced to 1stFebruary 2017 and the Railway budget's solo presentation has been done away with as it is unified with the Union Budget.
Since the tech landscape of India is on the verge of being more digitally advanced, fintech is capturing a mass attention in transitioning India from a cash dependable to a sustainable cashless economy.