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Posts Tagged ‘ Arun Jaitley ’

Wallet cos want us to acquire them, but we don’t see much value: Sunil Bharti Mittal

Friday, January 13, 2017 | More »

The payments space in India has been hotting up. Following the government’s high note ban in November, the usage of digital wallets, in particular, has seen an explosion even as industry leader Paytm and FreeCharge look to further capitalise on the opportunity. The entry of BHIM (Bharat Interf...

Arun Jaitley, Finance Minister

Lok Sabha passes Aadhaar bill

Thousands of crore rupees will be saved by routing government subsidy through the Aadhaar system, Finance Minister Arun Jaitley said on Friday, as the Lok Sabha passed a Bill to give statutory backing to the unique identity number scheme. The Bill “will empower the states to distribute resources o...

11 March, 2016 | More »


Budget 2016: Good but not great, say startups and investors

Finance minister Arun Jaitley presented the Union Budget 2016-17 on Monday and gave due mention, for the first time, to the term ‘startup ecosystem’. But startup investors and entrepreneurs feel the announcements fell short of making it a game-changing budget for new ventures, although they have...

1 March, 2016 | More »


Eco Survey: Exit valuation for startup investors still low

India may boast of being home to around 19,400 technology-enabled startups, but exit valuation for the investors looking to cash in on the initial funding still remains low, says an official survey. Economic Survey 2015-16, tabled by Finance Minister Arun Jaitley in Parliament today said the startup...

26 February, 2016 | More »


Government to announce startup-friendly taxation regime in budget

In a bid to encourage entrepreneurship, the government will announce friendly taxation regime for startups during the budget, Finance Minister Arun Jaitley said. He was addressing the inaugural session of ‘Startup India, Standup India’ held at Vigyan Bhawan in New Delhi. “We have already worke...

16 January, 2016 | More »


Govt launches new $305M VC fund under SIDBI

Union Finance Minister Arun Jaitley today launched two funds by Small Industries Development Bank of India (SIDBI), a fund of funds with total corpus of Rs 12,000 crore. The funds are Rs 2,000-crore India Aspiration Fund (IAF) and SIDBI Make In India Loan For Enterprises (SMILE) scheme with an inves...

19 August, 2015 | More »


Budget almost a non-event for startups; service providers slapped with higher tax

The Union Budget was as good as a non-event for the bustling startup ecosystem and the Finance Minister blissfully ignored any mention of the ambitious Rs 10,000 crore startup fund-of-fund he talked about just last July. Instead he talked about plans to set up an incubation programme called Self-Emp...

28 February, 2015 | More »


India’s e-commerce space may grow 50% in next 5 years: Economic Survey

As Internet penetration in India is on the rise, the e-commerce sector in the country is likely to witness a growth of over 50 per cent in the next 5 years, says the Economic Survey. The government document, however, raised concerns over consumer safeguards and proposed amendments to the Consumer Pr...

27 February, 2015 | More »


Short term capital gains tax bomb in Budget to hit angel investors, but only a few VCs

Finance Minister Arun Jaitley dropped a bomb in the Union Budget for private firms, especially startups, looking to raise capital by saying income from sale of unlisted securities within three years of investment would be taxed as short-term capital gains. To add to the woes, investors cannot set of...

19 July, 2014 | More »