"The Union Budget 2021 is rightly focussed on reviving the country from the aftermath of COVID-19 pandemic and ensuring sustainable economic growth. The proposed measures and reforms to boost infrastructure, healthcare, aggressive PSU disinvestment and boost credit flow by taking out the toxic assets of the banking system will definitely help propel the economy towards faster recovery and growth. We also applaud FM’s proposal of one year tax holiday and capital gains exemption, which will provide a much-needed post-pandemic boost to the upstarts. The announcements of incorporating one-man companies with no restriction in paid-up capital and turnover, increase in the MSME budget to Rs 15,700 crore, as well as an update in the definition of small companies under Companies Act, 2013 will also prove to be beneficial for Indian MSMEs and startups. Having said that, given the growth of digital adoption and the role of technology in accelerating Digital India and Atmanirbhar Bharat vision, both businesses and individuals particularly in Tier II and Tier III cities would value greater impetus on digital skilling and improved digital infrastructure to support innovation and the new normal work-from-home culture. As the country gears up to rise from the global pandemic and chart the next chapter, GoDaddy will continue to work in tandem with the government to help bolster India’s entrepreneurial and small business ecosystem, by providing all the help and tools needed to succeed online."
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