Post-budget 2018 Reaction Mr. Snehashish Bhattacharjee, Global CEO and Co-Founder, Denave

It can be said as quite a people-centric budget balancing nicely between a clear developmental focus without losing the sight of containing the fiscal deficit. The focus on agriculture, healthcare and education is welcome and much needed in a country like ours. The education (apart from Skilling India) investments should help realize the benefits of the demographic dividend we boast of as a country.  PM research fellows is also a good idea but would need effective and fair implementation for required outcome.

Long Term Capital Gains tax was expected however the finance minister has played it fair by fixing Feb 1st as the starting point for the same. The capital support and interest subsidy for the MSME sector will push the SMB success story further with the onus lying on effective implementation again. Merging and then listing of National, Oriental and United Assurance Insurance companies is also a rational move which will not only better the optimal utilization but will also make them more competitive and effective.

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