The budget is growth-oriented with an impetus on capital expenditure to fuel economic growth and employment generation. Steps such as reducing surcharge on unlisted shared from 28.5% to 23% are likely to ease investor exits from start-ups. SEZ Act to be replaced with the new legislation is a much-needed announcement. This will help address new ways of working from home, introduce agility in SEZ activity and reduce the compliance burden.

The quote was published in Money Control and the Telegraph in February 2022.

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