Venture capital is emerging as a significant source of funding for the MSMEs (Micro, Small and Medium Enterprises) in India. The SMEs in the previous times depended greatly on funds from the Banking sector for the work capital requirements...
Among the top three unicorns in India, Flipkart is one of them. It can be referred to as one of the most successful startups of India. It is an online E-commerce platform wherein the customers can buy and buyers can...
Jobs On Sight International Pvt. Ltd., headquartered in Ahmedabad, today formally rolled out an innovative GPS-based hiring application for all jobs and services, available on iOS and Android, that promises to be a unique platform in the job recruitment...
Expectations of the Startups from the Union Budget 2017
It was in 2016 that Prime Minister, Narendra Modi gave a headstart to the “Startup India” campaign. This campaign was aimed at boosting effective entrepreneurship in the country. This was followed...
OLA CABS, which is better known by the name Ola, is an Indian startup company which provides online cab services to the greater population of the country. It was founded on December 3rd, 2010 by Ankit Bhati (current CTO)...
It is a surprising fact that out of the ratio of 50 million SMEs (Small and Medium Enterprises), only around 6-7% of the SMEs manage to get the adequate funding for themselves. As the Indian startup industry is blooming,...
The Union Budget 2017-18 has come as a great relief to the Indian startups. As the ruling government has advanced its ongoing initiative to encourage and strengthen the startups, the Finance Minister, Mr. Arun Jaitley, has proposed to extend...
The upcoming budget 2017‑18 is much awaited by the SMEs, especially the startups. The government is likely to announce a loop of initiatives in order to provide support to the Indian SMEs and the startups. The initiatives might include broadening the tax‑free routine from 3 years to 5 years and to accelerate the procedural clearances.
This much‑awaited move is set to be launched in the Budget 2017‑18 and will come exactly a year after the launch of the program “Start‑Up India” by PM Narendra Modi. As per the initiative of the Start‑Up India, PM Narendra Modi had stated various provisions for the emerging businesses including the 3‑year tax‑free operation of the startup businesses in the country. However, this move faced multiple criticisms as the three‑year period was not feasible to yield the desired profits by the startups to pay the taxes. Therefore, with the five‑year tax exemption, the startup businesses are seeing a ray of hope with this year’s annual budget.
In addition to this, the government is also planning to make the founders quit or exit the companies in an easy manner as it would try to respond to the concerns about shutting down a particular company in a better way. There might also be announcements of effective and innovative measures to encourage the participation of the startups in the government purchases which are under the current situation quite rigid on the basis of turnover and experience.
Earlier, the startups have sought some relief from the government on income tax issues wherein the classification of the income of the businesses influenced the taxes imposed on them. This year, with the annual budget 2017‑18, the startups are looking forward to better reforms and flexible government policies under the Start‑Up Move of the Indian Government.
In the early 90s we witnessed the start of e-commerce , that was followed by m-commerce in 2000. Now we are seeing the evolution of ‘Omni Channel Retailing” or in simple terminology “Multi Channel Retailing”. A true multi-channel strategy...
There is no denying that the startup industries under the SME (Small and Medium Scale Enterprises) sector are contributing greatly to the development of the economy of the country. The startups are best known for the quick implementation of...
