Quote on Budget – Women Centric Startup – RENEE Cosmetics and Avni
Ms Aashka Goradia Goble, Co-founder, RENEE Cosmetics
“The Budget has granted the most popular wish of startups for extension of tax holiday. Now the Hon’ble FM has extended the startup tax holiday scheme to startups incorporated till March 31, 2023. This was also important as the last 2 years have been challenging for those who had just stepped into entrepreneurship and are struggling to keep their startup alive. Additionally, the surcharge on long-term capital gains (LTCG) tax has been capped at 15%. This will reduce the burden on startups in terms of ESOPs and other transactions too.”
Mr Apurv Agrawal, Co-Founder, Avni- Traditional Menstrual Care Brand
“The pandemic has unravelled a lot of loopholes in the Indian healthcare system. Certainly, health was to stay a priority in the budget. The Budget announced the launch of an open platform for the National Digital Health Ecosystem. This will provide easy access to the available health facilities and health providers. The absence of the right information had created a ruckus during the first and second waves of covid. We are glad that the government took note of the same and has now resolved the challenge too,”
