Post-Budget Reaction by Mr. Alan D Souza, CEO of Vavia Technologies
The govt seems to have spoken of another 1000cr startup fund with no news about the previous 10000cr startup fund that was announced during the budget last year. Rather than announcing such funds, more focus needs to be given on how utilization of such funds have impacted job creation and then additional support that can be provided for the same. The proposal to reduce taxes for Tech startups from 25% to 10% is great news as this will really encourage tech startups in the country.
