India Budget 2018
The Union Budget of 2018 – 19 is focused on job creation with heavy expenditure on supporting agriculture and allied activities to upgradation of infrastructure across airports, rail and road transport.
We are pleased with the announcements made to bolster the MSMEs. Higher allocation under Mudra loans, relaxation of corporate tax, to addressing the NPAs and stressed assets.
Linking of TReDS with GSTN is a major move which will enhance usability and credibility of TReDs platforms. Directing Public Sector Banks and Undertakings to be on TReDs platform will further help in increasing credit availability.
The Finance Minister has provided immense support to MSMEs with the intent of providing an impetus for growth through easier cash flows and investible surplus.
[Kalyan Basu is the Managing Director & Chief Executive Officer of Invoicemart – A.Treds Limited, a joint venture between Axis Bank Ltd. and mjunction services Limited]