Tag: R Chandrashekhar

Budget Wishlist | Remove tax barrier for start-ups, says Nasscom to Fin Min

Amid economic and geopolitical headwinds and challenges to the IT sector, Nasscom has asked the finance ministry to defer applicability of Place of Effective Management norms to maintain India’s competitive edge and pitched for tax sops in R&D. The association has been “disappointed” by the d…

Start-up investment down 18% this year

The funding spree in Indian start-ups has slowed this year, with less of big-size investments, says a Nasscom-Zinnov report for 2016 on the sector. Indian start-ups could attract $4 billion (Rs 26,700 crore) of investment this year, an 18 per cent decrease from last year’s $4.9 bn. “Funding in qu…

10 Indian start-ups to participate in Japan’s largest IT forum

Ten Indian start-ups will take part in Japan’s largest IT forum ‘Combined Exhibition of Advanced Technology (CEATEC)’ . Facilitated by Japan’s Ministry of Economy, Trade and Industry (METI), these 10 Indian startups will participate in the IT and electronics exhibition and conference to be held o…

Nasscom seeks changes in GST model law

While Indian IT industry body Nasscom said that the Goods and Services Tax (GST) Bill is a welcome move, it has also voiced some concerns on the GST Model Law. Nasscom has suggested certain changes to the finance ministry on self-declaration procedures, instead of multiple paper-work for registra…

NASSCOM CoE-IoT organizes conclave to discover new start-ups in IoT space

NASSCOM CoE-IoT, a joint initiative of Government of India (Department of Electronics and Information Technology (DEITY)) and ERNET hosted its 1st edition of IoT ecosystem connect program-NASSCOM CoE-IoT Conclave in Mumbai on May 20, 2016. Organized in association with L&T Technology Services…

Nasscom, Facebook ink MoU to engage with India’s entrepreneurs

The trade body of Indian IT firms NASSCOM has signed an MoU with Facebook to build a product design initiative to engage the country’s young entrepreneurs into becoming problem solvers and solution builders. Signed in Silicon Valley this week, the NASSCOM-Facebook initiative is likely to pr…

Reduce tax burden of start-ups: NASSCOM to FinMin

National Association of Software and Services Companies (NASSCOM) wants startup to be redefined and demanded tax sops for startups in the forthcoming general budget to be presented to Parliament by Finance Minister Arun Jaitely on February  29. In a pre-budget memorandum, NASSCOM demanded that st…