Budget 2020: As India sees slowest economic growth in 11 years, here's what startups need to flourish
FirstpostIn 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 minister in 2014, Narendra Modi launched Startup India and Funds of Fund for the newest sector of the economy but that is not enough. Here is a list of what startups want from Budget 2020: Revision of ESOP taxation policy The employee stock ownership plan is a major means of attracting talent for startups. GST relief for digital payments Startups hope that the government will create a fund to subsidise payment companies for loss of revenue arising out of its zero merchant discount rate directive.