India Inc. has hailed the Union Budget 2023-2024 presented by Finance Minister Nirmala Sitharaman here on Wednesday.Hinduja Group Co-Chairman Gopichand P. Hinduja said that when "India is the lone shining star in the world facing threats .
Updated Feb 01, 2021 | 19:31 IST
The extension of tax holiday for start-ups and increased allocation for research and development will encourage innovation. Tax relief provided to non-resident investors is a welcome move NRI business chiefs in UK welcome pathbreaking Union Budget
London: Two leading NRI business chiefs in the UK welcomed the Union Budget tabled by finance minister Nirmala Sitharaman as a promising and pathbreaking initiative.
Hinduja Group Co-Chairman Gopichand P Hinduja said the proposed capital expenditure of Rs 5.54 lakh crores, 34.5 per cent higher than the current year, augurs well for the infrastructure, manufacturing industry and job creation and also welcomed the hike in the foreign direct investment (FDI) cap for the insurance sector.