Prime Minister Narendra Modi’s flagship project, Startup India, might get a push in upcoming Union Budget. According to some media reports, to guarantee the success of the key program, the Department of Industrial Policy and Promotion (DIPP) is designing a new set of tax concessions on empl…
Tag: Startup India
Start-ups brace up for legal war with Income Tax department
Start-ups that have been ordered to pay tax despite valuations being marked down in recent funding rounds are challenging the demands, complaining that the move runs counter to the government’s campaign to encourage entrepreneurial spirit. With startup fever having waned over the past year …
DIPP proposes tax concession for start-ups, likely to be announced in union budget 2017
In order to boost the government’s Startup India, Standup India movement, the Department of Industrial Policy and Promotion (DIPP) is reportedly formulating a new set of tax concessions on employee stock options, unlisted securities and convertible instruments. The latest Union Budget is expected…
MSME initiatives need private sector support: Kalraj Mishra
The Micro, Medium and Small Enterprises sector has seen a flurry of initiatives launched by the Government of India over the last year. Union Minister for Micro, Small and Medium Enterprises Kalraj Mishra speaks on the success of these measures so far and his vision for the New Year. Q: What were…
2017: A new agenda for start-ups will get India to the 10% growth rate mark
The last two years have seen a slew of initiatives and agendas announced by the government—starting with the National Digital Literacy Mission with its worthwhile agenda of enabling one person in each Indian family to have digital skills, we have seen Swacch Bharat Abhiyan, Make in India, Start-u…
Indian SME trends: The year gone by and 2017
Flourishing amidst a challenging environment, the Small and Medium Enterprises ( SMEs) of India experienced several highs and lows in the past few years. With the Indian economy expected to emerge as one of the leading economies in the world and likely to become a $5 trillion economy by 2025, maj…
Amazon start-ups program in India witnesses huge spike in applications
Indian start-ups have shown huge interest in e-commerce giant Amazon global start-up program called ‘Amazon Launchpad’ which was launched early this month. The Indian arm of Amazon claims to have received over 400 applications in just two weeks of the launch. Amazon India said in a statement that…
Google India to announce good news for SMBs & start-ups
As you all are aware that Google CEO, Sunder Pichai is in India on a private holiday. What we are surprised to know is that he planned to announce good news for small businesses and startups on an event held by Google India on 4th January. According to sources, the event is confirmed and it will …
PM talks-ups Start-up India, but why is taxman putting spanner in the works?
Given the Prime Minister’s emphasis on Startup India, it is particularly odd to see the taxman levying a tax on the premium they get on their valuation from investors. Start-ups are a bet on the future and investors pay a premium for this—that premium, then, is invested in the business which, if …
Cabinet approves creation of Indian Enterprise Development Service (IEDS)
The Union Cabinet chaired by the Prime Minister Narendra Modi has given its approval to the Cadre review and formation of a new service in the name of Índian Enterprise Development Service (IEDS)’ in the Office of Development Commissioner (MSME), Ministry of Micro, Small and Medium Enterprises (M…