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Posts Tagged ‘ Arun Jaitley ’

Budget 2017 lacks clarity on educational initiatives, say ed-tech startups

Thursday, February 2, 2017 | More »

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In the Union Budget 2017-18, the government outlined its efforts to digitise education and make it available for all. The startup fraternity, particularly ed-tech firms, is far from impressed. One of the initiatives includes the creation of a Swayam platform, which would allow students to avail of o...

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Budget 2017: Govt could do more for startups earning less than Rs 1 crore

If I were in Mr Arun Jaitley’s place today, I would be looking out for Mr Arun Jaitley! He is good. So is our honourable Prime Minister, Mr Narendra Modi. I don’t have much doubt about the present government’s motives / steps toward energising startups in India. However, what I am not sure is ...

2 February, 2017 | More »

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Budget 2017: What’s there for startups

Indian startup community was left hankering for more from the Union budget presented by finance minister Arun Jaitley on Wednesday. Jaitley announced a few steps that are likely to benefit startups. One, he has proposed to extend tax holiday for three years in the first seven years of a startup̵...

1 February, 2017 | More »

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

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...

13 January, 2017 | More »

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 »

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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 »

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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 »

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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 »

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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 »

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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 »

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