Dear All,
As per Gautam Sinha is CEO, Times Internet Ltd, the digital arm of the Times Group, the startup ecosystem duly looks forward to the implementation of the 'Startup India Action Plan'.- PE accounts for more than 50% of foreign capital in the startup ecosystem and has been pivotal to India's growth aspirations.
- The union budget would play an important role in reviving investor confidence, and further growth in India's startup ecosystem depends on the government delivering on its promised reforms.
- The duration of tax break needs to be extended to a minimum of 5-7 years, in order to be effective.
- Reforms in long-term capital gains tax for startups is another area that entrepreneurs will be watching out for.
- Also interesting to see will be whether the budget constrains the flow of investments from VCs, or provides another opportunity of approaching the government with open arms.
- In fact, the need to do so is even more given the disruption created by demonetisation.
- This year, all eyes will be on the rate the government caps the Goods and Services Tax (GST) at and, once the uniform tax rates replace the old multi-level tax system, startups can focus on their core competencies rather than trying to work out the complex tax system.
The views expressed are individual and not necessarily MTC Global also share the same views. To unsubscribe from the group , please send an email to join_mtc@googlegroups.com and write the heading as 'Unsubscribe'. Immediate action will be taken.
---
You received this message because you are subscribed to the Google Groups "Management Teachers Consortium, Global" group.
To unsubscribe from this group and stop receiving emails from it, send an email to join_mtc+unsubscribe@googlegroups.com.
For more options, visit https://groups.google.com/d/optout.
0 comments:
Post a Comment