Stock Analysis, IPO, Mutual Funds, Bonds & More

Budget reaction: Priti Rathi hails tax revisions; Neerja Birla, GOQii CEO positive about healthcare

Piyish Goyal's debut Budget had a little something for everyone.

ET Online|
Feb 01, 2019, 07.16 PM IST
(L-R) Neerja Birla, Vishal Gondal & Priti Rathi-Gupta
(L-R) Neerja Birla, Vishal Gondal & Priti Rathi-Gupta
NEW DELHI: Interim Finance Minister Piyush Goyal's debut Budget on Friday had a little something for everyone. From personal finance to healthcare and women entrepreneurs, many business leaders feel that the announcements will encourage new-age entrepreneurs, and enable them to boost the economy in turn.

Personal Finance & Women Entrepreneurs
An alarming number of women drop out of workforce due to a number of reasons like marriage, maternity, and family responsibilities. Priti Rathi-Gupta, MD and Promoter at Anand Rathi Share & Stock Brokers, and founder of LXME (digital financial planning platform for women), believes financial independence is a step forward in empowering women.

"I am positive that the tax exemption to people earning up to Rs 5 lakh p.a. will stimulate additional investments and disposable income, resulting in more investment power," she said.

Irrespective of who comes to power later this year, she already has a request for the next Budget. "Budgetary allocation for increase in awareness about women-centric schemes would be good," she added.

As far as the healthcare sector is concerned, Vishal Gondal, CEO and founder of GOQii, and Neerja Birla, founder and chairperson of Mpower, said that the year looks promising for the industry.

While Gondal is confident that the initiatives and announcements will potentially change the healthcare index of India, Birla indicated that this comprehensive approach to healthcare and wellness is aimed at the right direction.

Emphasising that 55 per cent of India's workforce are millennials, GOQii top boss said that paving way for a stress-free India is directly proportional to its growth. "The healthcare announcements made in the budget are a welcome move, and will help build a strong economy," he added.

However, expressing concern, Birla also hopes that the promise of affordable treatment extends to mental health as well, creating infrastructure and encouraging more mental healthcare professionals. She pointed out that 1 in 5 Indians suffer from a mental health concern, and if left unaddressed, it could have a negative impact on the Indian economy to the tune of trillions by 2030. "While we are taking positive steps to provide health insurance and reduce the burden of medical expenses on lower income families, it would not be as effective in the long run if the government does not offer the same for mental health," he stated.

By 2022, she wants around 1.5 lakh health and wellness centres.

Also Read

Budget 2019: Neerja Birla, Prakriti Poddar's wishlist includes better infrastructure, access to mental health experts

Neerja Birla has 1 rule in her house: No smartphones during dinner

This is why Neerja Birla doesn't ever take up morning meetings

When Neerja Birla got special birthday wishes from children Ananya and Aryaman

Add Your Comments
Commenting feature is disabled in your country/region.

Popular Categories

Other useful Links

Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service