Up to 35 percent of corporate tax relaxation and 100 percent hike in the exemption limit for the MSMEs are good incentives by the FM, but it is not in the line of promises made by Mr. Jaitley on January 16, at the launch of Start-up Indian Campaign. Rather, the most admirable decision is the incorporation of integrated data analysis system in the financial sector, that will really expedite the banking and financing activities. In addition, decreasing custom and excise duty on IT and hardware will definitely boost the industry.
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