Electronic India Inc. Reaction on Budget 2017-18

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Digital Ocean Reaction on Budget 2017

  • The Government’s announcement to allow eligible startups to avail their 3-year tax holiday in a block of 7 years as against the earlier 5 years is a useful one and should give further impetus to the Startup India initiative.
  • Also, the intent to move towards a cashless economy and initiatives to strengthen the digital infrastructure augurs well for the ecosystem