Post-budget 2018 Reaction by Zefmo Media Pvt Ltd.
Irfan Khan, CEO, Zefmo Media Pvt Ltd, said, Overall, the budget is a balanced one that is focused on the core sectors of agriculture and infrastructure. We applaud the Finance Minister’s initiative of proposing revamp of online loan sanctioning facility for MSMEs for prompt decision making by the banks. This budget is also very friendly for the digital ecosystem. Initiatives like doubling of the allocation of Digital India indicate the government’s continued focus on digital transformation.
Shudeep Majumdar, Director, Corporate Affairs, Zefmo Media Pvt Ltd., said, The budget is also encouraging to note further reduction of tax burden on MSMEs and push towards creation of a larger number of jobs. In addition, the announcement regarding the Government proposal regarding evolving a separate policy for the hybrid instruments for attracting foreign investments, especially for the startups and venture capital firms can give a major boost to the sector.
