“On the R&D front, the announcement to operationalize the Anusandhan National Research Fund and to set up a financing pool of INR 1 lakh crore for private sector-driven R&D are welcome steps,” said Ranjana Adhikari
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"The initiative taken with regards to reduction in the corporate tax rate for the foreign companies, expanding tax benefits to funds & entities in IFSC, abolition of equalization levy for e-commerce, abolition of angel tax etc. are also aimed at providing much needed boost to the Indian economy by attracting more investments in India," Vasudevan said
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"A delight for investors and PE/VC funds supporting Indian companies," Shah said
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"While the details of the above reforms are awaited, augmenting the number of benches, with some benches exclusively hearing matters under the Companies Act, will not only help in declogging the NCLT benches. Similarly, the introduction of an integrated technology platform would result in better monitoring of processes enhancing transparency and efficiency," Singh said
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"The abolition of angel tax, withdrawal of equalisation levy and rationalisation of dispute resolution related provisions in the Indian Budget 2024 have been welcomed as bold steps towards fostering a more investor-friendly environment," said Khemuka
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“The government announcement to digitalise the revenue records is welcome move and will bring down land related litigation," Bishnoi said
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"The Union Budget reflects a continued prioritization of the agricultural sector, with an increased allocation of ₹1.52 lakh crore this year, up from ₹1.25 lakh crore last year," said Somani
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"The rates of customs duties have been significantly reduced on the inputs used in India’s major export sectors such as sea food, leather and textiles (garments and footwear) to provide further fillip to these sectors," Maheshwari said
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