Tax cut for MSMEs is a welcome gesture: Deepak Chiripal

Abolition of FIPB to ease flow of FDI is a good move which will speed up the process

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Deepak Chiripal, CEO, Nandan Denim

BS B2B Bureau Mumbai

Last Updated : Feb 04 2017 | 11:56 AM IST

An inclusive budget with a clear focus on agriculture, infrastructure, digitisation and employment generation. Medium and small enterprises (MSMEs) are the backbone of the industry and generate the maximum employment. Tax cut for the MSMEs with an annual turnover of Rs 50 crore is a welcome gesture and will drive the growth engine as most of India's companies will get this benefit of 5 percent tax reduction which will be a relief for them.

Labour reforms was much sought demand and budget announcement will definitely help foster a conducive labour environment leading to harmonious labour relations which will further lead to

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