Budget 2014: START-UP fund good, piquant situation as angel tax issue left unaddressed: Terming the Union Budget for 2014-15 as encouraging and positive, Deep Kalra, Founder Group CEO MakeMyTrip and President TiE Delhi-NCR on Thursday said the Budget 2014 has given due consideration to the start-up community. The Rs 10,000 crore startup fund for new businesses, national accelerators and incubators for startups is a step in the right direction but we need to learn from the success and failures of the past incubators so that the new roll-out has the desired impact. We must look at tying up with credible organizations to achieve this, says Kalra. According to Kalra budget allocations towards agri-infra fund, Startup Village for rural population and for scheduled caste entrepreneurs are other worthwhile initiatives towards fostering entrepreneurship at the base level. The initiative on setting up virtual classroom for online courses is a huge boost to the burgeoning entrepreneurship in education sector. We would have loved to see a tangible tax break / priority low cost loans for start-ups especially in technology areas, he ad .. Read more at: economictimes.indiatimes/articleshow/38143273.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Posted on: Fri, 11 Jul 2014 05:58:31 +0000
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