New Delhi: Anil Agarwal, Non-Executive Chairman of Vedanta Ltd, has praised the Union Budget’s measures, particularly the abolition of angel tax, which he believes will significantly benefit startups and young entrepreneurs.
Agarwal emphasized that removing this tax will provide a substantial boost to new ventures and future job creators.
He also lauded the introduction of three innovative employment-linked schemes, calling them timely and essential for job creation. Agarwal highlighted the government’s commitment to expedite Insolvency and Bankruptcy Code (IBC) resolutions, which he anticipates will enable 12,000 businesses to resume operations and generate numerous jobs.
Additionally, Agarwal expressed his enthusiasm for the announcement of the critical minerals mission, stressing the importance of domestic exploration, mining, and processing of these essential metals for India’s future.
