The Cabinet has approved the national Intellectual Property Rights (IPR) policy with a view to promoting creativity, innovation and entrepreneurship. The aim is to create awareness about economic, social and cultural benefits of IPRs among all sections of society, Finance Minister Arun Jaitley on…
Tag: Arun Jaitley
Start-ups formed under Limited Liability Partnerships to get three-year tax holiday
The Modi-led Government has given a boost to the start-up ecosystem in the country by allowing start-ups, set up as Limited Liability Partnerships (LLPs), to be eligible for a three-year tax holiday. This forms part of the 55 amendments moved by Finance Minister Arun Jaitley to the Finance Bill 2…
Govt drops cap gains tax on startup shares held for 2 yrs
In a fresh boost to startups, the government on May 5 inserted an amendment to the Finance Bill to provide for capital gains tax exemption if shares of an unlisted company were held for more than two years. Currently, there is no capital gains tax on share transactions in listed companies if thos…
India Aspiration Fund needs to be at par with NIIF
The India Aspiration Fund (IAF), set up to boost the startup ecosystem in the country should be moderated on the lines of NIIF, which funds up to 49 per cent of the capital requirement, head of Bank of Maharashtra said today. “The MSMEs have the equity problem. But a solution has been broug…
‘Make In India’ resonates with Chinese corporates
As India and China squabble over Beijing squashing Delhi’s move at the UN to ban Azhar Mazoor, the alleged mastermind behind northern India terrorist attacks, and New Delhi retaliates by threatening to stonewall the entry of Chinese companies into the country, the ground reality paints a far less…
Startup action plan has generated buzz among entrepreneurs| Nirmala Sitharaman
The startup action plan has generated a “buzz” among budding entrepreneurs and several of them have been able to successfully attract funds from angel and other investors, Commerce and Industry Minister Nirmala Sitharaman said. “A lot of startups are approaching us (after the an…
Industry sought more from Budget 2016 for MSMEs
Finance Minister Arun Jaitley presented his third and full time second Union Budget. With a demand of supporting “Make in India” campaign and small and medium businesses, he announced a slew of schemes and tax exemptions. The Union budget has focused on farmers, rural infrastructure, agriculture,…
Budget 2016 ensures ‘Small is Big’; SME tax exemption limit elevated
In view with the growing demand to push the statistically proven economy drivers of the nation, government has unveiled Budget 2016, proposing to offer tax exemptions for SMEs. Units with turnover of up to Rs. 2 crore will have the benefit of the pitch. The threshold is twice the previous limit u…
Expert sees bright scope for startups in pre, post-harvest technologies
Increased allocation to agriculture by 84 per cent and resolve to double income in five years will see lot of opportunities by technocrats and management graduates in startups in pre and post-harvesting technologies, says Executive Vice Chairman of Vizianagaram-based Vijaynagar Biotech Ltd and no…
33 lakh MSMEs to gain from presumptive tax changes | Kalraj Mishra
About 33 lakh assessees in the MSME category will benefit from changes in the Presumptive Taxation Scheme proposed in Budget 2016-17, Union Minister Kalraj Mishra said on March 1. “33 lakh people will benefit from the changes announced in the Presumptive Taxation Scheme,” Mishra said.…