Friday, November 22

Tag: Budget 2016

IT, Start-ups Get Less Attention in Budget 2016: Nasscom
News

IT, Start-ups Get Less Attention in Budget 2016: Nasscom

The union budget for 2016-17 was a mixed bag for the Indian IT industry and start-ups, which witnessed very few proposals with caveats, the industry’s apex body Nasscom said. “The budget is a mixed for the technology and services sector, as clarification and simplification boost business and more technology adoption in governance is a step in right direction,” Nasscom said in a statement. “In the backdrop of global economic volatility, there are unmet expectations on policy announcements that enable ease of doing business for our sector. The budget partially covers our wish list on policy bottlenecks, including ease of business, nurturing start-ups, products and e-commerce sector,” Nasscom chairman B.V.R. Mohan Reddy said. On Finance Minister Arun Jaitley’s stress on leveraging techn...
Stand Up India Scheme Allocates Rs.500 Crore For SC ST and Women
INDIA

Stand Up India Scheme Allocates Rs.500 Crore For SC ST and Women

New Delhi, Feb.29: Sharing his nine pillars for what he called a transformational budget for fiscal 2016-17, Finance Minister Arun Jaitley on Monday announced that under the Stand-Up India scheme, a sum of Rs.500 crores has been allocated to people belonging to the Scheduled Castes and Scheduled Tribes (SC and ST) and women entrepreneurs. The Startup India campaign is based on an action plan aimed at promoting bank financing for start-up ventures to boost entrepreneurship and encourage start-ups with jobs creation. The campaign was first announced by Prime Minister Narendra Modi in this year's August 15 Independence Day address to the nation. The campaign is focused on restricting the role of states in the policy domain and to get rid of the so-called "license raj", besides other ...