Union Budget 2019-20: Startups want angel tax to be abolished, corporate tax to be reduced, make capital more accessible
FirstpostIn the Narendra Modi government 2.0’s first Union Budget, startups have a slew of expectations. Although last year’s Union Budget was a setback to India’s promising Hospitality and Tourism industry, this year we are expecting more attention on this sector, favorable policies, fund allotments for startups and better tax reforms. Gautam Raj Anand, Founder and CEO, Hubhopper, podcasting and AOD platform With the podcasting industry gearing up for a transformational year with the convergence of media, technology and telecom industries coupled with the government’s vision to further accelerate the Digital India program, most experts expect Budget 2019 to streamline this transition more positively. Union Budget 2019-2020’s allocation will determine whether e-commerce and tech startup will work in sync with the government’s policy and Digital India initiative. In the upcoming Budget, we also expect that the Government continues its keen focus on improving India’s infrastructure as this coupled with ease of doing business would ensure India becomes a USD 5 trillion economy by 2025 as envisioned by the Prime Minister.