Here are some of the post budget reactions from the digital and mobile sector businesses in the country: BookMyShow: Ashish Hemrajani, Founder and CEO, Bigtree Entertainment, BookMyShow, stated that the service tax exemption on the entertainment industry is an encouraging step since it would help the industry towards bigger and better things and offer respite to entertainment which was previously facing a challenging period due to heavy taxation. PolicyBazaar: Akshay Mehrotra, Chief Marketing Officer, PolicyBazaar stated that this year’s budget had been a quite a non- event and didn't help in boosting fiscal consolidation, food security or DTC. Consumers can now get around Rs 22,000 more in their hands as the highest saving possible, but this will be negated by the increase in service tax and inflation. IndiaMart: Dinesh Agarwal, Founder & CEO, IndiaMART.com, stated that the key highlight of this budget has to be the government's intent to implement GST and they hope that the government implements it by August 2012 deadline set by the finance minister. Other positive features include the allocation of Rs 5,000 cr to SIDBI for venture fund which would enhance equity availability to MSMEs, exemption of capital gains tax from sale of property when proceeds are used for investment in SME, raising the turnover limit for compulsory tax audit for SMEs to Rs. 1 crore from the existing Rs. 60 lakh and giving fillip to handloom, powerloom and leather clusters which will aid the growth of small enterprises. Sulekha.com: Satya Prabhakar, CEO & Founder, Sulekha.com mentioned that the budget gives…
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Updated: Post-Budget Reactions: BookMyShow, RIM, Airtel, LG, PolicyBazaar, Sulekha, IndiaMart, MTS, Karbonn, GoD, Belkin
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