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Budget 2024: : What’s New for Businesses in India

Key highlights from Budget 2024 that promise to reshape the business landscape in India. From tax reforms to digital initiatives, here’s what’s in store for enterprises.
Created by potrace 1.15, written by Peter Selinger 2001-2017
Created by potrace 1.15, written by Peter Selinger 2001-2017
Created by potrace 1.15, written by Peter Selinger 2001-2017

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1. Significant Tax Reforms
The government has introduced substantial tax reforms to ease the burden on businesses. Key changes include lower corporate tax rates for MSMEs and simplified GST compliance procedures.
Created by potrace 1.15, written by Peter Selinger 2001-2017
Created by potrace 1.15, written by Peter Selinger 2001-2017
Created by potrace 1.15, written by Peter Selinger 2001-2017

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2. Digital Push
Budget 2024 emphasizes digitalization with initiatives like Digital India 2.0, aiming to enhance digital infrastructure, promote cybersecurity, and boost digital payments, making it easier for businesses to operate online.
Created by potrace 1.15, written by Peter Selinger 2001-2017
Created by potrace 1.15, written by Peter Selinger 2001-2017

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3. Support for Startups and Innovations
Startups receive a major boost with increased funding, tax incentives, and simplified regulations. The focus is on fostering innovation and creating a robust ecosystem for budding entrepreneurs.

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Created by potrace 1.15, written by Peter Selinger 2001-2017
Created by potrace 1.15, written by Peter Selinger 2001-2017
Created by potrace 1.15, written by Peter Selinger 2001-2017

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4. Infrastructure Development
The budget allocates significant funds for infrastructure development, including transportation, logistics, and smart cities, providing businesses with improved facilities and connectivity.
Created by potrace 1.15, written by Peter Selinger 2001-2017
Created by potrace 1.15, written by Peter Selinger 2001-2017
Created by potrace 1.15, written by Peter Selinger 2001-2017

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5. Green Initiatives
Budget 2024 introduces green initiatives, encouraging businesses to adopt sustainable practices through incentives for renewable energy use, waste management, and environmental conservation.