Here’s what India’s Startups think of Budget 2016
Advertisement
Advertisement
The government has announced a slew of measures that can help Indian startups. Taking the Start-up India initiative forward, this Budget allocated a sizeable Rs. 500 Crores for SC/ST and Women entrepreneurs. Announcements like 100% tax exemption for 3 years for start-ups would go down well with initial startups. The proposed amendment of the Companies Act to allow new start-ups to register in one day is also a welcome step.We got in touch with startup founders to see what they felt about the Budget.
Vijay Shekhar Sharma, Founder and CEO, Paytm, “I am really happy for Aadhar and IndiaStack. With the focus on digital payments and incentives to startups, the Finance Minister has boosted our Prime Minister's Digital India and Startup India plans.”
Bhavish Aggarwal, Co-founder and CEO,
Kiran Murthi, CEO, AskmeBazaar,” Honourable Finance Minister has presented a business friendly budget which is encouraging for young and fast growing India. We welcome this budget as a progressive step in the right direction with an intention to promote
Advertisement
Varun Khitan, Co Founder, UrbanClap, "Startups look to gain from the government focus on employment and employability. Change in the definition of SME, focused intent on the GST bill and added infrastructure spending are all boosters for the economic environment and startups stand to gain from them. We look forward to speedy implementation of these proposals."
Image credit: Indiatimes
Advertisement
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- From terrace to table: 8 Edible plants you can grow in your home
- India fourth largest military spender globally in 2023: SIPRI report
- New study forecasts high chance of record-breaking heat and humidity in India in the coming months
- Gold plunges ₹1,450 to ₹72,200, silver prices dive by ₹2,300
- Strong domestic demand supporting India's growth: Morgan Stanley