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Manavjeet Singh, Founder & CEO, Rubique shares his expectation from Union Budget 2016
“Startup India action plan has showcased some signs of encouragement for startup ecosystem and from this year budget too we expect similar positive support from the government. For any startup ease of starting a business is crucial. We need a supportive environment on compliance front to reduce the paperwork so the founder can execute his idea faster. (Also Read- Budget 2016: Renewable Energy Min seeks Rs 10k cr for higher capacity)
Also tax holidays/exemption on service tax in initial years would help startups to deploy their funds effectively to make their foundation stronger. Also there should be smooth process of deployment of funds government has reserved for startup. This would definitely encourage the promising entrepreneur community in India.”
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