Budget 2019: Start-up fund gets special mention, exclusive TV show to begin for start-ups
5 years, 6 months ago

Budget 2019: Start-up fund gets special mention, exclusive TV show to begin for start-ups

India Today  

In a bid to rev up the economy, the government might enhance the Start-Up fund in the Budget 2019-20. About Start-up India programme: The Start-up India programme had created the 'Fund of Funds for Startups ' with a corpus of Rs 10,000 crore to provide support for Start-ups, over a period of XIV and XV Finance commission cycles. "Several studies have also suggested that capital gains tax can have significant economic consequences for individual investors in terms of its lock-in effects and associated deterring incentives to use capital gains into riskier investments," the survey said. Initiatives to be taken: Budget 2019: Centre allots Rs 400 crore for setting up world-class institutes in India In a relief for the start-ups' community, Finance Minister Nirmala Sitharaman said the start-ups and their investors who file requisite declarations and provide information in their returns will not be subjected to any kind of angel tax scrutiny. Read: Union Budget 2019: Important education highlights Also read: Budget 2019: Centre allots Rs 400 crore for setting up world-class institutes in India

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History of this topic

India Sets Up $119 Million Fund for Space Startups: A Step Towards Boosting Space Ambitions
2 months, 2 weeks ago

India Sets Up $119 Million Fund for Space Startups: A Step Towards Boosting Space Ambitions

Firstpost  

India has approved a $119 million venture capital (VC) fund to support space start-ups in the country. The fund will provide capital to 40 start-ups over the next five years, with an average deployment amount ranging from Rs 10-60 crore. This fund is expected to have a significant impact on India's space ambitions, boosting the country's space economy and creating …

Start-up funding falls 7% to $7.6 billion in January-September
3 months, 2 weeks ago

Start-up funding falls 7% to $7.6 billion in January-September

New Indian Express  

NEW DELHI: Indian start-ups have secured only $7.6 billion in funding in the last nine months, marking a 7% decline from $8.2 billion in 2023 and a 66% fall from $22.4 billion funding in 2022. The retail sector managed to attract $1.95 billion in funding so far this year, and this is a 23% increase from 2023 but a 61% …

Commerce Ministry To Likely Propose More Funds To Boost Start-up Culture In Next Budget
7 months ago

Commerce Ministry To Likely Propose More Funds To Boost Start-up Culture In Next Budget

ABP News  

The Commerce and Industry Ministry could be looking for more funds for start-ups in the upcoming Budget, an official said. Announced in April 2021 with a corpus of Rs 945 crore, the fund was launched to help provide financial assistance to new businesses for proof of concept, prototype development, product trials, commercialisation, and market entry. According to a report by …

India’s startup growth to pave way to developed nation by 2047: PM Modi
9 months, 2 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, …

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 …

Over ₹477 crore approved for incubators under Startup India seed fund scheme: Govt
1 year, 11 months ago

Over ₹477 crore approved for incubators under Startup India seed fund scheme: Govt

Live Mint  

New Delhi: Over ₹477 crore, of a ₹945 crore corpus fund, has been approved to incubators under Startup India Seed Fund Scheme as on 31 December 2022, Minister of State for Commerce and Industry Som Parkash said on Friday. 211.63 crore has been disbursed as on 31st December 2022.” Fagship schemes under Startup India--Fund of Funds for Startups, Startup India …

From Ease Of Doing Business To Tax Benefits And Setting Up Fund, Start-ups Laud Budget 2023
1 year, 11 months ago

From Ease Of Doing Business To Tax Benefits And Setting Up Fund, Start-ups Laud Budget 2023

ABP News  

Finance Minister Nirmala Sitharaman on Wednesday presented the last full Budget of Modi 2.0 government ahead of the next Lok Sabha elections in 2024. The several initiatives announced for start-ups in Budget 2023 augur well for the growth of the vibrant start-up ecosystem in India besides promoting entrepreneurship and job creation. "The extension of incorporation date for tax exemption would …

Budget 2023 | Government extends support measures for start-ups
1 year, 11 months ago

Budget 2023 | Government extends support measures for start-ups

The Hindu  

Asserting the importance of entrepreneurship for the economic development of the country, Finance Minister Nirmala Sitharaman on Wednesday proposed to extend the period of incorporation for income tax benefits to eligible start-ups by one more year till March 31, 2024. India is now the third-largest ecosystem for start-ups globally and ranks second in innovation and quality among middle-income countries,” Ms. …

Budget 2023 Expectations: Foster tie-ups between government and stakeholders to support startups
1 year, 11 months ago

Budget 2023 Expectations: Foster tie-ups between government and stakeholders to support startups

Firstpost  

The Indian startup ecosystem has been witnessing an unprecedented boom in the last few years with new businesses emerging in a multitude of sectors. As a result, this year’s Union Budget 2023 is being closely watched by many startups, as they seek measures to support them in overcoming these difficult times. To ensure effective regulation of the rapidly developing startup …

Budget 2023: From Tax Relaxation And Funding To Boost Digital Ecosystem. Know Start-Up Wishlist
1 year, 11 months ago

Budget 2023: From Tax Relaxation And Funding To Boost Digital Ecosystem. Know Start-Up Wishlist

ABP News  

India is home to the world’s third-largest start-up ecosystem after the US and China. "We are expecting additional tax benefits and lower tax rates and extending the scope of employee stock ownership plan taxation reforms to start-ups," said Lalit Arora, co-founder, VingaJoy, a firm that deals with consumer electronics. Shilpa Bhatia, founder, The Clothing Rental, an e-commerce portal said, “The …

How Budget 2023 can help Indian Startups: Top 5 expectations
1 year, 11 months ago

How Budget 2023 can help Indian Startups: Top 5 expectations

India TV News  

Budget 2023 Expectations: India is emerging as one of the strongest business environments in the world, and our entrepreneurial spirit is one of our greatest strengths. Among the few expectations and viewpoint that industry professionals put forth from the budget include: As per Ridhima Kansal, Director, Rosemoore, “The Indian start-up ecosystem is no more just a peripheral entity but is …

Success rate of startups in India higher than in other countries: Piyush Goyal
2 years ago

Success rate of startups in India higher than in other countries: Piyush Goyal

The Hindu  

The government on Wednesday said that the success rate of startups in India was much higher than in other countries of the world, and the number of startups in the country had increased from 452 in 2016 to 84,012 till November 2022. Though I must say, the success rate of startups in India is relatively higher than the rest of …

India witnesses a massive 15,400% rise in startups in last 6 years
2 years, 5 months ago

India witnesses a massive 15,400% rise in startups in last 6 years

Live Mint  

India registered a whopping rise of 15,400% in the number of startups that rose from from 471 in 2016 to 72,993 as on 30th June 2022. In a written reply to a question in the Rajya Sabha, Union Minster of State for Commerce and Industry Som Prakash stated that the Startup India initiative was launched in 2016 with the objective …

Start-ups anchoring knowledge economy
2 years, 9 months ago

Start-ups anchoring knowledge economy

The Hindu  

When the Kerala Startup Mission set up an Innovation and Entrepreneurship Development Centre at the MES College of Engineering at Kuttipuram in 2015, Vimal Govind and friends, then in their third year, had no plan to become entrepreneurs. If not for the handholding and support by the KSUM, our idea of manhole drain cleaning robotic drone would not have managed …

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 …

Data | What is the state of start-ups in India
4 years, 11 months ago

Data | What is the state of start-ups in India

The Hindu  

The startup ecosystem is only concentrated in a few States as of 2019. States with the highest start-ups image/svg+xml Preferred sectors The data and analytics sector was the most preferred choice for start-ups by a wide margin, followed by health, education and agriculture. Which sectors had the most start-ups image/svg+xml Funding sources Friends and families remain the biggest source of …

Union Budget 2019-20: Who got what?
5 years, 6 months ago

Union Budget 2019-20: Who got what?

India TV News  

On Friday July 5, Nirmala Sitharaman became India's first full time female finance minister to table the budget in the Lok Sabha. Here is the sector-wise highlights of Union Budget 2019: RAILWAYS Railways has got a budgetary allocation of Rs 65,837 crore and the highest ever outlay for capital expenditure amounting to Rs 1.60 lakh crore from Union Finance Minister …

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 …

Budget expected to enhance startup fund
5 years, 6 months ago

Budget expected to enhance startup fund

India Today  

In a bid to rev up the economy, the government might enhance the Start-Up fund in the Budget 2019-20. The Start-up India programme had created the 'Fund of Funds for Startups ' with a corpus of Rs 10,000 crore to provide support for Start-ups, over a period of XIV and XV Finance commission cycles. The Fund was set up with …

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 expected to enhance start-up fund
5 years, 6 months ago

Budget expected to enhance start-up fund

India TV News  

In a bid to rev up the economy, the government might enhance the Start-Up fund in the Budget 2019-20. The Start-up India programme had created the 'Fund of Funds for Startups ' with a corpus of Rs 10,000 crore to provide support for Start-ups, over a period of XIV and XV Finance commission cycles. The Fund was set up with …

Budget 2019: Start-ups expect tax reforms from government for current fiscal year
5 years, 6 months ago

Budget 2019: Start-ups expect tax reforms from government for current fiscal year

India TV News  

Fintech firms and start-ups expect the government to usher in a new set of reforms in the upcoming full Budget for the current fiscal and hope for tax relief, funding access, and further push to digital economy. Gaurav Chopra, founder CEO of online aggregator of financial products IndiaLends, said the government should push forward new reforms as part of Digital …

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 …

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