Union Budget 2017 views from Abdul G Sait, Co-founder & MD at Passionconnect

Abdul G Sait, Co-founder & MD at Passion ConnectThe overall announcements by the Hon’ble Finance Minister focuses holistic economic growth and digitalization in the country. As India strengthens its position on the global map, the need for skilled youth is crucial. Launch of a Rs 4,000 crore scheme, called Sankalp, for skill development and Emphasis on extending market relevant training for the youth and setting up 100 India International Skills Centres (IISC) across the country, are extremely positive moves.

For a startup like us, the budget does include certain good news. Carry forward of losses, tax break upto 7 years,Minimum Alternative Tax (MAT) changed from 5 to 15 years and Income tax benefit for MSME’s is a big relief. It is important for us to stay agile and upbeat with technological advancements and this budget is making it possible.

About Passion Connect

Passion Connect Technologies, founded by three young entrepreneurs, provides a platform for youth to unlock their passion and live it. Using a comprehensive research based tool to provide a 360-degree program for the youth to follow their dreams, Passion Connect has a structured digital program which guides the youth from one level to another, thus sustaining their passion. It also connects with people and curated content around your passions. Offline, it organizes the Bangalore Passion League and the National Passion League where the youth get to showcase their talent.

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