ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • MSME Summit
  • Trending News
    • Viral News
    • Travel
    • People
    • Entertainment
    • Sports
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Service charge on food bills: Big development from Delhi HC - No stay on guidelines prohibiting hotels, restaurants
  • Fixed Depsit Interest Rate: Check latest FD rates of HDFC Bank, SBI, Kotak Mahindra Bank, PNB, ICICI Bank, BoB, IOB, Ujjivan
  • Operation Demat Daka Big Impact: 4 out of 5 victims of demat account hacking receive compensation; Anil Singhvi lauds them for t
  • Indian Railways to shut 300 ticket counters this year, to make IRCTC server robust
  • India’s first electric double-decker bus Switch EiV22 unveiled | PHOTOS
Read in App
Business News » India News

Budget 2019 expectations: Give tax rebates on digital transactions, set up more incubation centres, demand startups

Budget 2019: The startups feel that the government must ensure that Indian entrepreneurs are able to retain ownership and control while attracting funds from abroad.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Budget 2019 expectations: Give tax rebates on digital transactions, set up more incubation centres, demand startups
Budget 2019: The latest changes in the FDI rules for e-commerce is aimed at bringing transparency into the e-commerce industry.

Budget 2019 demands: The latest changes in the FDI rules for e-commerce is aimed at bringing transparency into the e-commerce industry and provide a level-playing field to all players in the ecosystem, including domestic sellers and smaller traders. The startups feel that the government must ensure that Indian entrepreneurs are able to retain ownership and control while attracting funds from abroad. They also want the Centre to take steps to help startups grow.  

“In the upcoming budget, the government should include provisions which incentivise digital payments. This could be in the form of tax rebates which should be given to both consumers and e-commerce companies if they prefer the use electronic modes of transaction over any other form of payment," said Rahul Bahukhandi, CEO & Co-Founder, LaYuva.   

Varul Mayank, the founder of Knocksense, a tier-II city-based startup, said the government should set up more incubation centres. 

"Due to lack of incubation centres, it gets difficult for out of college student to work on their idea in cities like Lucknow, Kanpur, and Indore to name a few. More incubation centres will be of great help. Also, I would like the government to allow startups to use residential spaces for IT works initially. This will help in cutting down the cost and will in turn help first-generation entrepreneurs in using their funds on product development," said Mayank. 

Rahul Garg, CEO & Founder, Moglix, wants the government to come out with regulations that simplify the lives of startups.

“We are looking forward to the upcoming budget, as it is expected to bring some significant changes in policy and tax system. The recent policy amendment to the foreign direct investment (FDI) bill is ambiguous and can slow down the speed of start-ups in the country. The government should come up with regulations that simplify our life as entrepreneurs and makes it easy to run businesses,” said Gard.

Watch This Zee Business Video

Animesh Joshi, co-founder & CEO, Insino Ventures, said, "Though the list of expectations from the forthcoming budget could be fairly long, the most important aspect should be to promote digital payments and digitization of India."

"India has an internet users base of approximately 500 Million, and it's growing at a rapid pace, surely new FDI policies will give a big hit to how e-commerce strategies will differ this year, but the best expectation from budget would be that the government focuses on digital India which will intern increase internet penetration in India which may balance out the effects of new policies," said Joshi. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Budget 2019Startups
Written By: ZeeBiz WebTeam
Updated: Wed, Jan 23, 2019
06:15 pm
ZeeBiz WebDesk
RELATED NEWS
Social Stock Exchange: What is it? Will it benefit social enterprises in India? Social Stock Exchange: What is it? Will it benefit social enterprises in India?
Housing for all by 2022: Outlook positive for affordable housing in the next 3 years Housing for all by 2022: Outlook positive for affordable housing in the next 3 years
Hit by massive trouble, NBFC sector gets a big boost; here is how Hit by massive trouble, NBFC sector gets a big boost; here is how
Investment tips: These 10 stocks can help your wealth grow in July 2019  Investment tips: These 10 stocks can help your wealth grow in July 2019
Sensex crash! Rs 5.61 lakh crore of investor wealth wiped out in 2 days - 8 reasons why Sensex crash! Rs 5.61 lakh crore of investor wealth wiped out in 2 days - 8 reasons why

LATEST NEWS

This IT company held back employees' variable pay - here is why

Stocks to buy today: Ashok Leyland, Bharti Airtel, Vodafone Idea among 20 shares for profitable trade on August 18

ONGC signs pact with ExxonMobil for deepwater exploration; stock price declines over 3%

Krishna Janmashtami 2022: Quotes, Wishes, Images, Status, Video and Messages to share with your loved ones

India vs Pakistan Asia Cup 2022 Match Date: know how and where to book tickets, price, availability, all dos and don'ts

Sunil Mittal heaps praise on Modi government for ease of doing business as Bharti Airtel gets 5G bands within hours of payment

She-Hulk release date in India: Episode details and where to watch Marvel's latest series on OTT

Closing Bell: Markets continue winning streak for 8th straight session; Sensex up by 38 points, Nifty settles above 17,950

Stocks to buy with Anil Singhvi: Sanjiv Bhasin picks Ashok Leyland, Apollo Hospitals, Larsen & Toubro - Check price target

Oil at 6-month low: Petrol at breakeven, losses continue on diesel

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV