Friday, April 19, 2024
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Union Budget

While mindful that this is the interim budget, industry stakeholders hope that it will have announcements that foster financial inclusion and help build a robust ecosystem for start-ups

Industry stakeholders are pinning their hopes at various fiscal policies that can strengthen the sector, including a reduction in the GST tax slab

From amending 42 central laws to making the Permanent Account Number (PAN) a common identifier, the finance minister (FM) announced a series of measures in the parliament on February 1, 2023

In Budget 2023, the education sector saw a hike of around 8 per cent, with an allocation of Rs 1.12 lakh crore against the Rs 1.04 lakh crore allocated last time

In the budget, the government announced measures that would help the sector to maintain the flow of growth. Additionally, it focussed on creating more jobs, improving entrepreneurial opportunities and enabling increased use of technologies

It has entered into a partnership with 3rdiTech, an Indian start-up, in the field of semiconductors

In the Union Budget 2023, Finance Minister Nirmala Sitharaman increased the budget allocation for MSME sector and announced new initiatives such as a revamped credit scheme and an entity DigiLocker

Gradually, India is witnessing a lot of start-ups dealing with AI-driven ecosystems and products

In her speech during the pre-budget session, President Murmu appreciated the Government's endeavour to nurture India's start-up drive by saying that the country has 90,000 start-ups and the government has prioritised innovation and entrepreneurship

In the upcoming Union Budget 2023, retail tech founders are rooting for a 30 per cent tax relief incentive to expand the investment pool