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Budget 2022-Startups

Budget 2022-Startups

 Union finance minister, Nirmala Sitharaman announced that any income from transfer of virtual digital assets will be taxed at 30 per cent

Budget 2022: Bold move, may upset crypto transactions: Experts on virtual assets tax

Feb 01, 2022

Despite the government not introducing the much-awaited cryptocurrency bill in the Union Budget 2022-23, the union finance minister, Nirmala Sitharaman announced that any income from transfer of virtual digital assets will be taxed at 30 per cent.

In April 2021, the Union Cabinet approved a Rs 4,500 crore production linked incentive (PLI) scheme to boost domestic manufacturing capacity of solar PV modules.

PLI scheme for domestic solar cells, modules reaches Rs 24,000 cr

Feb 01, 2022

With the increase in allocation to Rs 24,000 crore, the quantum of investments and domestic manufacturing capacity envisaged under the PLI scheme would further increase.

Cryptocurrency exchanges including Wazir, CoinDCX, Zebpay have welcomed the tax announceemnts on virtual digital assets at 30%

Budget 2022: Crypto tax signals acceptance of virtual assets, say exchanges

Feb 01, 2022

While the legal experts have stated that the announcement made by the Union Finance minister, Nirmala Sitharaman of taxing keeping the taxation rate for virtual digital assets at 30 per cent will discourage crypto transactions, the industry players have welcomed the move.

Budget 2022 was a digital one

From Digital Rupee to digital university: Budget 2022 was all about digitisation

Feb 01, 2022

Budget 2022: The second phase of Ease of Doing Business will be driven by digitisation of manual processes and interventions among other things. 

The focus on climate-related initiatives in the budget signals the government's broadening commitment towards achieving net-zero carbon emissions by 2070.

Budget 2022 lacks major steps for enhancing revenue to off-set spending: Moody's

Feb 01, 2022

The budget underscores government’s previous emphasis on capex to sustain near-term recovery from the pandemic, while simultaneously paving the way for longer-term restructuring of the economy, Moody's stated.

EV financing companies see this as an opportunity to promote large-scale adoption of EVs. 

Budget 2022: EV industry hails govt's new battery swapping policy proposal

Feb 01, 2022

In her 90-minute Union Budget 2022, Finance Minister Nirmala Sitharaman announced new initiatives to further accelerate the adoption of EVs in India.

Sitharaman also talked about an online bill payment system for all Central ministries in order to reduce the delay in payments.

Budget 2022: 'One Nation, One Registration' to be established to ensure ease of living, doing business

Feb 01, 2022

Union Finance Minister also announced that 1,486 union laws have been revoked to facilitate ease of doing business. 

Over 5,000 recognised start-ups were added in Delhi while 4,514 start-ups were added in Bengaluru between April 2019 to December 2021.

Economic Survey 2022: Delhi is India's start-up capital, edges out Bengaluru

Jan 31, 2022

Over 5,000 recognised start-ups were added in Delhi while 4,514 start-ups were added in Bengaluru between April 2019 to December 2021.

Today, every woman is impacted by monthly menstruation, and considering we are one-half of the country’s population, despite there being new reforms every year, it is still a heavily neglected space. 

Budget 2022 should bring more opportunities for women, focus on menstrual hygiene 

Jan 31, 2022

A policy-level inducement for Made in India products and start-ups directed by women that focus on sustainability and solving women's issues can also drive the idea behind the budget allocation in the 2022-2022 cycle. 

It is expected that investment in infrastructure bonds could be expanded to provide tax relief against specified capital gains.

Budget 2022: Rationalise taxation on shares received under ESOP from start-ups

Jan 30, 2022

The government may consider rationalisation to address this disparity in income tax rates between non-resident and resident taxpayers.

India has produced 42 unicorns in a single calendar which, in turn, drive job creation, spur entrepreneurship and revitalise the digital ecosystem

Budget 2022: Here’s what India's start-up ecosystem expects

Jan 21, 2022

From tax breaks to policies that strengthen innovation, India's start-up ecosystem has a slew of suggestions for the government to unleash India's entrepreneurial ambitions.

 Union Minister Piyush Goyal has said that the government is looking to ease the compliance burden for the start-up ecosystem in India and is aiming to give the new-age firms more freedom of operation

Budget 2022: Govt could ease compliance norms for start-ups, says Piyush Goyal

Jan 21, 2022

Union Minister Piyush Goyal has said that the government is looking to ease the compliance burden for the start-up ecosystem in India and is aiming to give the new-age firms more freedom of operation

Simple Energy MD and CEO Suhas Rajkumar believes that the government should encourage the collaboration of players and divert more funds towards its clean fuel vision

Budget 2022: From promoting financing to GST cut, here's what EV players expect

Jan 25, 2022

Co-founder of OTO Capital for EVs Sumit Chhazed believes that the EV sector is likely to receive quite a couple of SOPs in the forthcoming Budget.

Industry players also want the government to lower translational costs to promote large ticket size payments in the B2B segment

Budget 2022: Liberalised tax regime and more, here’s fintech sector’s wishlist

Jan 24, 2022

The fintech sector expects liberalised tax regime, relaxation of norms and expects the FM to announce measures to ease the liquidity flow to non-banking finance corporations (NBFCs) and fintechs.

Budget 2022: MPL CEO urges govt to set up fund for online gaming developers

Jan 21, 2022

MPL’s CEO and co-founder, Sai Srinavas said that the industry will benefit from a fund that can provide capital to talented developers and designers

The Union Budget 2022 will be presented on February 1 by Union Finance Minister Nirmala Sitharaman.

Budget 2022: Pharma industry seeks enhanced funds for healthcare sector

Jan 23, 2022

The industry is also seeking simplification of various processes in order to enhance ease of doing business for the private sector companies.

Kiran Mazumdar-Shaw believes government needs to realise that as well as realise the gestation risks in investing in R&D in pharma and biologics space

Budget 2022 needs to give research incentives to biotech firms: Kiran Shaw

Jan 21, 2022

On the back of a strong quarter, Biocon boss Kiran Mazumdar-Shaw spoke exclusively to Business Today Televison's Aabha Bakaya on the company's growth drivers among biosimilars and what the Union Budget needs to focus on as far as the healthcare sector is concerned. 

New tech skilling expected from Budget 2022

Budget 2022: Earmark more funds for skilling in new technologies, say experts

Jan 25, 2022

There is an urgent need to provide stimulus to the skill development sector, said Randstad India MD and CEO PS Viswanath.

The gig workers expect the announcement on implementation of social security cover, besides regulatory intervention for deciding minimum wages and documented contracts for the workforce during from the union budget of 2022-23.

Budget 2022: Implement social security scheme, minimum wages - gig workers' body

Jan 21, 2022

The gig workers expect the announcement on implementation of social security cover, besides regulatory intervention for deciding minimum wages and documented contracts for the workforce during from the union budget of 2022-23.

Here’s what a dozen of analysts expect from Union Budget 2022

Here’s what a dozen analysts expect from Union Budget 2022

Jan 07, 2022

Select market watchers believe that the government’s focus will be on economic revival by increasing spending and need-based capital expenditure would be the key agenda.