Modi government’s last budget before elections in 2024 brings good news for the MSME and retail sector
Prasar Bharati has been allotted Rs 2,808.36 crore
Even though the Budget didn’t specifically bring out the matters of concern related to the gaming and esports sector, there were some decisions which are sure to impact the burgeoning industry
The measures announced by the finance minister are likely to have direct and indirect impact on the media and entertainment industry
Finance minister Nirmala Sitharaman announced that the revamped scheme will enable additional collateral-free credit of Rs 2 lakh crore
As per the FM, the policy will push innovation and research by start-ups and academia
These AI centres will have collaborations between top educational institutions and relevant industry leaders, said the FM
Start-up founders are hoping the Union Budget will offer tax sops, push for digital infra and initiatives to boost employment
Rationalisation of GST structure, relief in import duty on broadcast equipment are some of the other demands
Retail industry heads expect Finance Minister Nirmala Sitharaman to go for a reduction in customs duty, support for infra development and incentives for corporate capital expenditure
Digital industry leaders say they expect the government to take steps for accelerating growth in the metaverse domain while promoting digital media and technology
Well-defined guidelines and relaxations in TDS for micro-influencers are some of the other demands of the industry
A majority of respondents are expecting an increase in basic income tax exemption limit