Budget 2022-Startups

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.

Updated : Feb 1, 2022

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

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.

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

Updated : Feb 1, 2022

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

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.

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

Updated : Feb 1, 2022

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

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.

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

Updated : Feb 1, 2022

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

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.

Updated : Feb 1, 2022

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

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.

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

Updated : Feb 1, 2022

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

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

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.

Updated : Jan 31, 2022

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

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.

Updated : Jan 30, 2022

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

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

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

Updated : Jan 25, 2022

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

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

Updated : Jan 25, 2022

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

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.

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

Updated : Jan 25, 2022

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

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.