Investors In Tech Cos May Benefit Due To Change In Buyback Rules For Non-Promoters
FinTech BizNews Service
Mumbai, 1 February 2026: Union Minister of Finance & Corporate Affairs, Smt. Nirmala Sitharaman today said that the Government led by Prime Minister Narendra Modi, has decisively and consistently chosen action over ambivalence, reform over rhetoric and people over populism.
While presenting the Union Budget 2026-27 in Parliament today, she said that the Government is inspired by 3 kartavya, out of which the first kartavya is to accelerate and sustain economic growth, by enhancing productivity and competitiveness, and building resilience to volatile global dynamics.
Mr. Ketan Doshi, Managing Director, Pay Point India Network, and an industry leader in digital payment sector, captures 5 major points from the budget:
1) Budget focusing on reducing compliance friction, strengthening tax certainty for companies Investors and Taxpayers,
2) Push on and building India’s AI and digital infrastructure ecosystem coupled with incentives for electronics manufacturing and cloud/data center attraction,
3) Positioning India as a major GCC will enable many job opportunities in the country.
4) Investors in tech companies may benefit due to change in buyback rules for non-promoters as they will be taxed as Long term capital gain tax henceforth instead of Dividend tax.
5) Even though the announcement to allocate 2000 cr for UPI and Rupay may not be sufficient to hold the industry expectations but a relief move by the government.
