Startups get major boost in Budget 2019
5 years, 6 months ago

Startups get major boost in Budget 2019

Live Mint  

Bengaluru: In a major boost to thousands of startups in India, the Narendra Modi-led National Democratic Alliance government announced a host of incentives to "release the entrepreneurial spirit" in the words of India's first woman finance minister, Nirmala Sitharaman. These include a TV programme exclusively for startups, easing foreign direct investment rules into startup segments like grocery, e-commerce and food delivery, proposing a host of enhancements to the digital payment systems ecosystem that would help fintech startups, incentives for electric vehicles that would help EV startups, and ensuring that startups do not feel the heat of angel tax from I-T authorities. The finance minister said labour laws will be modernized into a set of “four labour codes” in order to “standardize registration and filing of returns and reduce disputes”. "Increasing FDI limits in sectors like aviation and insurance is a huge positive since these sectors are highly capital intensive and a constant request by India Inc.," said Rajesh Thakkar, Partner/ Transaction Tax, Tax & Regulatory Services, BDO India LLP.

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History of this topic

Nitish to launch women outreach drive on Dec 15
1 month, 1 week ago

Nitish to launch women outreach drive on Dec 15

New Indian Express  

PATNA: Bihar Chief Minister Nitish Kumar is all set to embark on yet another statewide journey, ‘Mahila Samvad Yatra’ from December 15 with an objective to interact with women to make on-the-spot assessment of execution of various schemes launched to ‘enable’ women to become economically independent and self-reliant. Nitish’s dialogue with women assumes special significance as they apparently emerged as …

Patriarchy did not stop Indira Gandhi from becoming PM: Nirmala Sitharaman
2 months ago

Patriarchy did not stop Indira Gandhi from becoming PM: Nirmala Sitharaman

Deccan Chronicle  

Bengaluru: If patriarchy stopped women from achieving what they want in India, how come Indira Gandhi made it as prime minister, asked Union Finance Minister Nirmala Sitharaman. She met the students of CMS Business School here on Saturday and discussed various measures undertaken by the Centre to support innovation as well as the government schemes available for young people, including …

Patriarchy didn't stop Indira Gandhi from becoming PM: Nirmala Sitharaman
2 months ago

Patriarchy didn't stop Indira Gandhi from becoming PM: Nirmala Sitharaman

India Today  

If patriarchy stopped women from achieving what they want in India, how come Indira Gandhi made it as prime minister, asked Union Finance Minister Nirmala Sitharaman. She met the students of CMS Business School in Benglauru on Saturday and discussed various measures undertaken by the Centre to support innovation as well as the government schemes available for young people, including …

Good start on job creation but more steps are needed
5 months, 2 weeks 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 2024 is growth-oriented, welfare-centric, people-friendly: Annamalai
5 months, 3 weeks ago

Budget 2024 is growth-oriented, welfare-centric, people-friendly: Annamalai

The Hindu  

The Union Budget 2024 is growth-oriented, welfare-centric and people-friendly. It strengthens the road map towards a Viksit Bharat by 2047, said BJP Tamil Nadu president K. Annamalai on Tuesday, July 23, 2024. In a social media post on X, Mr. Annamalai said Budgetary announcements, including the Transit Oriented Development Plans in 14 large cities with a population above 30 lakh, …

India’s startup growth to pave way to developed nation by 2047: PM Modi
9 months, 3 weeks ago

India’s startup growth to pave way to developed nation by 2047: PM Modi

Live Mint  

India has emerged as the world's third-largest startup ecosystem, a development that Prime Minister Narendra Modi believes will chart the country's course towards becoming a developed nation by 2047. In the field of Intellectual Property Rights, India is moving towards becoming the leading country among the top countries.” The Startup Mahakumbh was organized in collaboration with various entities, including Assocham, …

Union Budget 2024 to focus on 5 key social sections
1 year ago

Union Budget 2024 to focus on 5 key social sections

Hindustan Times  

Budget 2024: Union finance minister Nirmala Sitharaman’s pre-election budget is set to focus on welfare schemes for five key sections of society—women, poor, youth, farmers and tribals—as the Bharatiya Janata Party -led National Democratic Alliance aims a third term in office on the back of Prime Minister Narendra Modi’s promise of inclusive growth. Accordingly, allocations for existing schemes for these …

Karnataka CM Siddaramaiah launches registration for ‘Yuva Nidhi’: ₹3,000 unemployment assistance for graduates and ₹1,500 for diploma holders
1 year ago

Karnataka CM Siddaramaiah launches registration for ‘Yuva Nidhi’: ₹3,000 unemployment assistance for graduates and ₹1,500 for diploma holders

The Hindu  

December 26, 2023 02:30 pm | Updated 04:34 pm IST - BENGALURU Karnataka Chief Minister Siddaramaiah on December 26 launched the registration of the fifth and last poll guarantee ‘Yuva Nidhi’ in Bengaluru offering unemployment assistance to graduates and diploma holders. The scheme offers monetary assistance of ₹3,000 to the graduates and ₹1,500 to the diploma holders who passed in …

Budget 2024: What startup entrepreneurs expect from FM Sitharaman's interim Budget
1 year ago

Budget 2024: What startup entrepreneurs expect from FM Sitharaman's interim Budget

Live Mint  

Budget 2024: India has emerged as the third largest ecosystem for startups globally with over 116,679 recognized ventures across the country. {{^adFree}} {{/adFree}} India has emerged as the third largest ecosystem for startups globally with more than 1,16,679 DPIIT-recognized ventures across the country, according to data available on the Startup India portal. “This will be the first budget after the …

‘Bengaluru start-up ecosystem has had trickle-down impact on rural Karnataka’s entrepreneurial aspirations’
1 year, 2 months ago

‘Bengaluru start-up ecosystem has had trickle-down impact on rural Karnataka’s entrepreneurial aspirations’

The Hindu  

India has been riding the start-up and entrepreneurship wave for a while now, however, the share of women entrepreneurs has been significantly low. NSRCEL, the incubation arm of IIM Bangalore, in collaboration with the Karnataka State Rural Livelihood Promotion Society, recently launched the Swavalambane program designed to scale and support women-owned non-farm businesses in rural Karnataka. Anand Sri Ganesh, CEO …

Satish Reddy | The tech-driven, growth-centric Budget offers a futuristic vision
1 year, 10 months ago

Satish Reddy | The tech-driven, growth-centric Budget offers a futuristic vision

Deccan Chronicle  

The technology-driven Rs 45 trillion spending Budget 2023-24 includes a futuristic “Amrit Kaal” for women, youth, members of the marginalised communities, productivity improvements, energy transition, climate action, investment finance, and major public sector investments in infrastructure led by the Prime Minister’s Gati Shakti. CII has established Intellectual Property Rights facilitation centres in different parts of the country to help SMEs …

Why world should welcome Nirmala Sitharaman’s Budget? Jaishankar cites 10 pts
1 year, 11 months ago

Why world should welcome Nirmala Sitharaman’s Budget? Jaishankar cites 10 pts

Live Mint  

External Affairs Minister S. Jaishankar on Wednesday lauded Finance Minister Nirmala Sitharaman for the Budget that she delivered earlier this morning noting it to be the ‘Budget of the 5th largest economy of the world.’ In a series of tweets, the minister further elaborates on why this budget is extremely crucial in meeting India's aspirations in the coming years. Includes …

Budget will lay strong base to build a developed India: PM
1 year, 11 months ago

Budget will lay strong base to build a developed India: PM

The Hindu  

Prime Minister Narendra Modi on February 1 termed the Union Budget as the “first budget of Amrit Kaal” and said that it would lay a strong foundation for building a developed India. The Prime Minister called the middle class a big force to fulfil dreams of prosperous, developed India and said his government has taken many decisions to empower them. …

Women’s Day 2022: How Women-Led Start-ups Are Ushering In A Change
2 years, 10 months ago

Women’s Day 2022: How Women-Led Start-ups Are Ushering In A Change

ABP News  

New Delhi: India’s start-up ecosystem has witnessed several changes — from making the field inclusive to encouraging women to lead the change. This sector also promoted inclusivity with 10-15 percent of tech startups found to have at least one woman, founder/co-founder, according to the NASSCOM Tech Start-up Report 2021. International Women's Day 2022: From History, Theme To Significance Of The …

Favourable policy helping start-ups in Karnataka: Minister
2 years, 11 months ago

Favourable policy helping start-ups in Karnataka: Minister

Deccan Chronicle  

Bengaluru: Extolling the start-up policy of Karnataka, the state Minister for IT-BT and Skill Development Dr C N Ashwath Narayan on Sunday said that out of 46 start-ups chosen from across India for the National Start-ups Awards-2021, 14 are from Karnataka. Addressing a press conference on the achievements of start-ups from Karnataka on the occasion of National Start-ups Day, Dr …

Nirmala Sitharaman holds first pre-Budget consultations with representatives of digital economy, startups
5 years ago

Nirmala Sitharaman holds first pre-Budget consultations with representatives of digital economy, startups

Firstpost  

Sitharaman is likely to present her second Budget for the Modi 2.0 government in Parliament on 1 February. New Delhi: Finance Minister Nirmala Sitharaman on Monday started her pre-Budget consultations with different stakeholder groups, the first one being with those from the digital economy, fintech and startups. The other issues included digital infrastructure and role of government, regulation of digital …

Nirmala’s maiden budget growth-oriented: Industry
5 years, 6 months ago

Nirmala’s maiden budget growth-oriented: Industry

Deccan Chronicle  

Coimbatore: Industry bodies in Coimbatore region have welcomed the Finance minister Nirmala Sitharaman’s maiden budget, presented in Parliament on Friday for the year 2019-20, as growth-oriented. He also said, “The proposal to provide additional relief of `1.50 lakh towards interest for affordable housing loans up to `45 lakhs will not only increase investment in housing sector but also help middle …

Budget 2019 | For startups, the angel is in the details
5 years, 6 months ago

Budget 2019 | For startups, the angel is in the details

Live Mint  

Saket Modi faced a hard choice: Pitch for lucrative government contracts, or pass on the opportunity. “If the budget stipulated that every department has to use 2-3% of its allocation to send work to startups registered with the Department of Industrial Policy and Promotion, it could be game-changing,” said Modi, whose company is backed by Cisco chairman emeritus John Chambers …

Nirmala Sitharaman bats for women-led initiatives in Budget speech, proposes Rs 1 lakh for one woman in every SHG under Mudra scheme
5 years, 6 months ago

Nirmala Sitharaman bats for women-led initiatives in Budget speech, proposes Rs 1 lakh for one woman in every SHG under Mudra scheme

Firstpost  

Sitharaman proposed to expand the Women SHG interest subvention programme to all districts in India. She hailed the Naarendra Modi government for its encouragement in women entrepreneurship through schemes like Mudra scheme, Startup India and self-help group support. Sitharaman announced that one woman in every self-help groups will be made eligible for loan up to Rs 1 lakh under the …

Budget 2019-20: Nirmala Sitharaman expected to enhance start-up fund; here's what to expect
5 years, 6 months ago

Budget 2019-20: Nirmala Sitharaman expected to enhance start-up fund; here's what to expect

India TV News  

The first budget of Modi 2.0 government will be presented today by Finance Minister Nirmala Sitharaman. Finance Minister Nirmala Sitharaman is expected to make favourable announcements for the enhancement of the fund to Rs 20,000 crore, some highly-placed sources said. The Start-up India programme had created the 'Fund of Funds for Startups ' with a corpus of Rs 10,000 crore …

Budget 2019: What Nirmala Sitharaman can do to empower women?
5 years, 6 months ago

Budget 2019: What Nirmala Sitharaman can do to empower women?

India Today  

With just a few days left for the announcement of finance minister Nirmala Sitharaman's maiden budget, industry bodies and social welfare organisations have asked the government to focus on generating more employment opportunities and services for women. Here are some ways Sitharaman can help empower women to boost the economy: Higher income tax exemption or higher rebate Data shows that …

DPIIT wants one-third beneficiaries of Startup India are women; to hold interactions of entrepreneurs with VC funds, banks
5 years, 7 months ago

DPIIT wants one-third beneficiaries of Startup India are women; to hold interactions of entrepreneurs with VC funds, banks

Firstpost  

New Delhi: The Department for Promotion of Industry and Internal Trade will take steps to ensure that at least one-third of the beneficiaries of Startup India programme are women, a top government official said on Thursday. The department’s secretary, Ramesh Abhishek, said that they would organise interactions of women entrepreneurs with venture capital funds and banks to ease access to …

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