budget edi
DESCRIPTION
union budget 2015TRANSCRIPT
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BUDGET 2015FOR
START-UP ANDTECHNOLOGY
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S E L F - E M P L O Y M E N T A N D
T A L E N T U T I L I S A T I O N ( S E T U ) P R O G R A M
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E B I Z P O RTA L F O R M A K I N G S TA RT I N G A B U S I N E SS E A S Y
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MUDRA BANK FOR SMALL BUSINESS LOANS
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CENTRAL EXCISE AND SERVICE TAX REGISTRATION IN 2 DAYS
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LET’S FIND OUT WHAT STARTUP COMMUNITY HAS TO SAY ABOUT THE UNION
BUDGET 2015-16Rohit Chadda, MD and Co-Founder – foodpandaThis is the first completely independent budget from Mr Jaitley and industry had high expectations from it. While overall it seems to be pro-development but a lot more could have been done specially to boost the already booming start-up environment in the country. What will be interesting to see over the next couple of years is how well are initiatives like the incubation cell and nayi manzil executed.Vijay Shekhar Sharma, Founder – PaytmThis is a very bold and forward looking budget. I am glad finance minister has attempted to help country’s SME’s and bring unbanked on banking platform. Schemes like funding unfunded, special fund for startup are good initiatives. I hope this government implements these great initiatives and bring double digit growth dream back to reality.
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DIGITAL INDIA
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Reduction in Tax Rate
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WORLD CLASS IT HUB
Encourage IP creation to emerge as a hub for
innvation
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PULSE POINT FOR TECHNOLOGY SECTOR
CENVAT
Excise duty exemption/reductions
Rationalisation in the penal provisions
Bringing aggregators into the tax ambit
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NEGATIVE POINT FOR TECHNOLOGY SECTOR
Lack of clarity
Increase in taxes
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CONCULATION
This budget provide for
stat-up and mix bag for IT
sector
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THANK U…!