Financial technology startups and payments companies have cheered at the rural push in the 2016 Union budget presented by Finance Minister Arun Jaitley in the Union Parliament on February 29. With the minister giving a push towards financial literacy in rural areas, ATMs and micro ATMS in post of…
Tag: Arun Jaitley
FM gives Rs 500 crore to support sc/st, women entrepreneurs
Union Finance Minister Arun Jaitley said the government will partner with Dalit Indian Chamber of Commerce and Industry (DICCI) to set up entrepreneurial hubs for entrepreneurs from the backward classes. Jaitley, presenting the Union Budget for 2016-17, said the government proposes to allocate Rs…
Arun jaitley makes ‘room’ for Startups & SME, supporting act falls short of an Oscar
In a speech peppered with references to startups and MSMEs, Finance Minister Arun Jaitley in his Budget presentation for 2016-17 had a series of policy initiatives and schemes that aimed at easing the hurdles that startups face and ensuring MSMEs in the country get a boost. Launching the Startup …
More tax sops for small businesses expansion
The budget proposal to offer tax exemptions for small businesses with turnover of up to Rs 2 crore, twice the previous limit, will encourage them to expand and do business fairly, said experts. When SMEs expand production, they fall off the tax exemption bracket which is a major deterrent for gro…
Union budget benefit MSMEs in Gujarat
The Union Budget presented by Finance Minister Arun Jaitley on February 29 announced a string of tax sops for India’s first International Financial Services Centre (IFSC) being built at GIFT City at Gandhinagar. Tax benefits announced by the minister “to facilitate setting up of the IFSC in India…
Economic survey 2016 | 19,000 startups in India but exit options are bleak
While India’s startup ecosystem continues to develop at a rapid pace, the exit options for risk capital investors, who have poured in billions of dollars backing home-grown ventures, remain bleak, according to the Economic Survey 2015-16 released by the Government on Friday, and which was t…
Xavient looks forward to job creation via Budget-2016
Global IT consulting and Software Services Company Xavient has demanded tax sops to companies in 2016 budget for encouraging employment. “All eyes are on the Budget 2016-17 this February. One of the very obvious expectation that is taking the rounds is initiated by Prime Minister’s idea of creati…
‘Silicon Valley Spirit’ guides policy-makers, Start-Ups look for a deal
Start-ups have little doubt that this Union Budget will deliver. But they are keeping their fingers crossed for much more; they hope their freedom is not curtailed by reams of policy. Setting the tone, Prime Minister Narendra Modi had decisively looked at Finance Minister Arun Jaitley at Vigyan B…
Exclusive | Outdated MSME schemes to be pruned in the budget: Govt
The union budget to be presented by Finance Minister Arun Jaitley on February 29 is likely to prune 180 odd schemes to promote Micro, Small and Medium enterprises in the country into 40-50 schemes to make them more effective. Official sources told SMEpost.com that the idea behind this consolidati…
Restore special category status to Assam | Gogoi
Assam Chief Minister Tarun Gogoi on February 15 requested Union Finance Minister Arun Jaitley for restoration of the special category status to the state and raise central assistance for it in the coming Union Budget. In a letter to Jaitley, Gogoi pleaded for restoration of the centrally-sponsore…