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
  • Survey
  • videos
  • photos
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Mahindra & Mahindra stock hits 52-week high as brokerages bullish on counter post Scorpio-N launch; check target prices
  • GST Council meet begins today: Know agendas of Finance Minister Nirmala Sitharaman's led two-day meeting
  • Security deposit on commercial LPG connection goes up by Rs 1050 for 19-kg cylinder; check new rates
  • Cash-starved Sri Lanka to end fuel duopoly to ease fuel shortages
  • Xiaomi 12S series set to launch with Leica cameras on July 4: Check key details here
Read in App
Business News » India News

Budget 2019 Expectations: Startups' wishlist for Finance Minister Nirmala Sitharaman

The government needs to put in place measures such as training hubs for entrepreneurs across India to ease the flow of capital, regulatory compliance and more in Budget 2019.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Budget 2019 Expectations: Startups' wishlist for Finance Minister Nirmala Sitharaman
The current government has given a fillip to startups with initiatives such as Start-Up India which enables self-certification, rebate in filing patents, income tax exemptions, easier public procurement norms etc. Photo: PTI

Budget 2019 Expectations: When the first lady Finance Minister of India, Nirmala Sitharaman will stand to present her maiden Union Budget on July 5, whole breed of startups would be looking at her with expectations like simplification of GST filing, measures that would fillip B2B business, skilled labour and knowledge gap address, ease of credit and regulatory norms etc.

Speaking on their demand from the Indian Finance Minister this union budget 2019 Bhavin Turakhia, CEO & Co-Founder, Zeta & Flock says, "In the last four years, Indian B2B startups have more than tripled. Our country is now taking giant strides towards becoming one of the fastest growing startup hubs globally. To make this a reality and accelerate their growth, the Government of India must put in place measures such as training hubs for entrepreneurs across India to ease the flow of capital, regulatory compliance and more. Further, these hubs must act as one-stop knowledge, research and development centers so that startups can focus more on innovation and less on processes.  Thus, acting as a catalyst or emerging startups across sectors."

Demanding ease in regulatory norms Satyam Kumar, CEO & Co-Founder, LoanTap Financial Technologies Pvt. Ltd said, "Currently, a start-up needs to follow the number of compliance laid down by various regulatory bodies as well as there is a knowledge gap because of multiple points of contact. While they are definitely necessary, they are onerous and costly to comply with. Compliance is expected with regards to Labour Law, MSME Registration, Investment, MCA Compliance as well as ones related to individual sectors. There should also be a consideration on hefty penalty in cases of non-compliance. The expectation from Government is to make the process simpler to comply with - A single clearance window - which ensures an end to end solution or procedure to be followed by a start-up that enables pro-active compliance as well as helps to avoid unnecessary costs."

Jitendra Chaturvedi, Director and Co-founder, Batooni Mobile Advertising said, “The government had started smoothening the tax issues in startup funding. Continuation of the regime will hopefully hasten the change in the procedures and laws helping startup funding. BJP’s known penchant for advertising is very good news for adtech startups”.

Asking for tax sops Javed Tapia, Founder, Slonkit says, "The current government has given a fillip to startups with initiatives such as Start-Up India which enables self-certification, rebate in filing patents, income tax exemptions, easier public procurement norms etc. I think the new government should further enhance the vibrant start-up ecosystem wherein startups can collaborate seamlessly and share knowledge and technical expertise. This will help India to leverage its entrepreneurial potential and become a hotbed of unicorn start-ups across different sectors."

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 2019Budget 2019 expectationsSmall BusinessMSMEStartup India
Written By: Asit Manohar
Updated: Wed, Jun 12, 2019
10:12 am
New Delhi, 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

Gold Price Today: Yellow metal snaps 3-day shine on strong dollar index – Check prices in metro cities

New norms for safer tyre design to kick-in from October 1; expert picks Apollo tyres, JK Tyres for good gains

Porinju Veliyath-backed small-cap stock jumps 18%; know what’s fueling rally in counter

Government allows ONGC, Vedanta to sell locally produced crude oil to any Indian refinery for turning it into fuel

Mumbai most expensive Indian city for expatriates; Hong Kong tops globally, reveals Mercer's 2022 Cost of Living survey

Anil Singhvi strategy on June 29: Support zone on Nifty, Bank Nifty are 15650-15725 and 33125-33300

Lentra acquires AI company TheDataTeam, to deploy 'Cadenz' for data-driven decisions

Realme GT Neo 3 150W Thor Love and Thunder limited edition coming soon in India - Check details

Cabinet approves deregulation of domestically produced crude oil: Anurag Thakur

Udyami Bharat Programme: PM Narendra Modi to launch several schemes on June 30 to ramp up MSME sector

  • 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