Budget 2020: Industry hails Nirmala Sithraman's fiscal roadmap; lauds schemes on job generation
4 years, 11 months ago

Budget 2020: Industry hails Nirmala Sithraman's fiscal roadmap; lauds schemes on job generation

Firstpost  

India Inc termed the Budget as “growth provoking and welfare inducing” but said that urgent implementation of the measures proposed will be crucial for achieving desired outcomes, while acknowledging that Finance Minister Nirmala Sitharaman had “little room” to manoeuvre. Gabriel Dalporto, CEO, Udacity The government’s focus towards promoting online education opportunities and emerging technologies like analytics, machine learning, AI, bioinformatics is also promising. Moreover, the finance minister’s proposal to allocate Rs 6,000 crore for connecting 100,000 Gram Panchayats by FY21 will also prove instrumental in accelerating India’s journey towards becoming a tech–enabled nation. Pathik Shah, CEO, DB Digital, digital products startup Promoting and building data center parks across India and improving connectivity through BharatNet seems like a great move forward - it would be great to leverage both to enable seamless interchange of data across local government bodies and also enabling access to it to private companies to build innovative applications leveraging that data—just like the data.gov initiative by the US government; and that could also help drive data localization forward—depending on the specifics. Lakshna Jha, Co-founder and CEO, sRide Presented in the Union Budget today, the government’s proposal to defer tax on ESOP along with an extension of tax benefit to 10 years is most certainly a welcome step and will be of great help for the ecosystem, especially for the early stage startups where it comes as a relief for revenue management.

Finance India Job China Machine Learning Infrastructure Development Industry Tax Budget Economic Development Indian Hospitality Startups Robotics Digital India Skill Development Quantum Computing Help Crore Sector Five Years Msme Vice President Gst Fiscal This Budget Generation Coo Managing Director Ml Ddt Nirmala Sitharaman Inr Nirmala Tcl Emerging Technologies Iii Iot Employment Opportunities Ems Esop Lic Gram Panchayats Tte 5 Years Rs 100 Crore Nbfc Ppp Skill India 15 Percent Tax Holiday Bharatnet Budget 2020 Dividend Distribution Tax Data Centre Parks Union Budget 2020  generation  budget  sithramans  job  crore  india  nirmala  lauds  fiscal  industry  sector  rs  schemes  help  hails  startups  development  roadmap  tax  infrastructure

History of this topic

Good start on job creation but more steps are needed
5 months, 1 week ago

Good start on job creation but more steps are needed

New Indian Express  

Ending years of handwringing, the NDA government has finally decided to tackle the issue of high unemployment in the country. Last week, presenting Budget 2025, Finance Minister Nirmala Sitharaman gave job creation the greatest shot of adrenaline, rolling out five new schemes with an unprecedented outlay of Rs 2 lakh crore. The proposed package is expected to facilitate employment and …

Budget 2023: Centre's vision for 'Amrit Kaal' is a technology-driven, knowledge-based economy
1 year, 11 months ago

Budget 2023: Centre's vision for 'Amrit Kaal' is a technology-driven, knowledge-based economy

Firstpost  

With emphasis on AI, 5G and technology and a focus on Green Growth, the Union Budget 2023-24 has emphasised on creating opportunities with sustainability. This is a very forward-looking budget and will most certainly help key stakeholders utilise opportunities for higher growth Finance Minister Nirmala Sitharaman presented a blueprint for an improved economy and reiterated her intention to bring the …

Union Budget 2022: What start-up companies and MSME sector are expecting this year
2 years, 11 months ago

Union Budget 2022: What start-up companies and MSME sector are expecting this year

Firstpost  

The pandemic disrupted the world and life as we knew it, changed. As we get closer to the announcement of the government’s financial budget for the nation, I would like to highlight my expectations for the start-up environment and the MSME sector which is the medium-sized enterprises and how the government could focus on the taxation, funding or enabling cash …

Budget 2020: As India sees slowest economic growth in 11 years, here's what startups need to flourish
4 years, 11 months ago

Budget 2020: As India sees slowest economic growth in 11 years, here's what startups need to flourish

Firstpost  

In 2014, PM Modi launched Startup India and Funds of Fund for the newest sector of the economy but that is not enough. Last year, the government gave the startup community more clarity on angel tax but like in the first term, NDA 2.0, too, is not paying enough attention to startups. Soon after he took over as the prime …

Opinion | Budget 2020 wish list: More freedom for NBFCs to revive demand
4 years, 11 months ago

Opinion | Budget 2020 wish list: More freedom for NBFCs to revive demand

Live Mint  

Non-banking finance companies play an important role in providing credit access to businesses and individuals across the spectrum. The increase in the ₹2 lakh tax rebate on housing loan interest rates under Section 24 of the Income Tax Act, will encourage demand for housing, especially in the affordable and mid-segment categories. Allow strong NBFCs/ HFCs to access public deposits: Large …

Budget 2019: Key Measures FM Nirmala Sitharaman Should Consider To Boost Startup Ecosystem In India
5 years, 6 months ago

Budget 2019: Key Measures FM Nirmala Sitharaman Should Consider To Boost Startup Ecosystem In India

ABP News  

Budget 2019: Start-ups are disrupting traditional industries like never before and are poised to be one of the key pillars of growth for the economy. Few expectations in this regard are - An ‘exception based’ approach needs to be adopted for applicability of angel tax; Immunity to be granted from angel tax on past tax orders ; Current regulations impose …

Discover Related