Budget fulfils Anand Mahindra's one expectation, Kunal Bahl proud of FM's transformation to tablet

Finance Minister Nirmala Sitharaman delivered the much-awaited pandemic Budget of 2021 on Monday. From a boost to Digital India to benefits offered to farmers, the Union Budget saw a list of initiatives being introduced today.

Soon after the speech ended, Corporate India was quick to share their reaction on Twitter.

Also read: Tagore, Team India win in Aus, and of course Atmanirbhar: FM's Budget 2021 speech has it all


Mahindra Group Chairman Anand Mahindra had just one expectation from the Budget in the time of unprecedented economic stress, and said the box was ticked.

As the government spent enough to revive the economy, the 65-year-old billionaire was happy to see a liberal 'targeted fiscal deficit' during this Budget.


Anil Agarwal, Executive Chairman of Vedanta Resources Limited, congratulated Prime Minister Narendra Modi and Sitharaman for a reformist Budget, which included big ideas like strategic disinvestment of two public sector banks and one insurance company. "Thrust on infrastructure will boost growth," he wrote.

He also said that the Government has delivered the right stimulus to the economy by increasing spending and not imposing any additional direct taxes.



Uday Kotak, CEO of Kotak Mahindra Bank, said that this year's Budget was all about growth with next-gen reforms with focus on healthcare, infra and financial sector.

He further stated the list of benefits like stable tax regime, higher borrowings for capex, and specific reforms like opening up of insurance, clean-up plan for stressed assets, and disinvestment and monetisation are sign of a self-confident India.


In a two-part tweet, Snapdeal founder Kunal Bahl took to the micro-blogging site to list out the various positives for the start-up sector in this year's Budget. He mentioned that the move towards providing social security benefits for gig workers will add a 'much-needed safety net', and this will further help "the sector grow in a sustainable way" and benefit "millions that are a part of it".

He also added that reducing the residency requirements for founders will allow talent to flow, and boost the start-up ecosystem. "Extension of tax holiday for start-ups by 1 year, boost to digital payments, increasing threshold for small businesses to Rs 2 crore are other gains for the startup sector," he pointed out.


Quoting a tweet by news agency ANI that showed the FM ditching the bahi-khata and going paperless with a tablet for the first time ever, the 38-year-old entrepreneur expressed he was happy to see how Covid had led to the digital transformation - in one picture.


National Association of Software & Services Companies (NASSCOM) President Debjani Ghosh also lauded the first-ever paperless Budget, and picked her favourite news of the day.


She said that the Rs 3,000 crore allocated towards the National Apprenticeship Scheme will help in strengthening India's human capital and training the youth.


The 32-year-old five-women NASSCOM head also thrilled about the National Research Foundation having an outlay of Rs 50,000 crore over five years. She further added that increased focus on R&D was long due, and it's important to use the fund for right priorities.


Harsh Goenka, Chairman, RPG Enterprises, compared India's Test match win against Australia with Budget 2021.

Like Cheteshwar Pujara and Rishabh Pant's consistent and flamboyant innings that made Team India victorious, he said that the country will rise above all challenges in the new world order with steady focus on infra, commercial laws, ease of business with big shots of monetising PSU assets, new divestments, insurance FDI.