With a slowdown in economic growth and job creation, Budget 2020 was expected to make announcements that would boost start-ups and job creation. The finance minister did not disappoint, though some concerns remain, especially with the execution part. Here we will take a look at some of those announcements and what it means for you.
The government has proposed ‘to provide early-stage funding, including a seed fund to support ideation and development of startups.’ “While the ‘seed-fund’ has not been detailed out in the budget, there is a definite need of such risk capital, especially in tough-tech areas, before tech is validated and venture capital funds will typically come in,” says Kunal Upadhyay, CEO, CIIE.CO, IIM Ahmedabad’s Incubator. However, he maintains it is unclear how the seed-fund will be implemented. The hope is that the government will not directly get involved in the investment decisionmaking and work through existing channels like incubators to provide this capital to deserving start-ups.
The government has made significant investments in incubators over the last few years, and they need to be appropriately equipped with capital to help their ventures jump to the next orbit. “The existing seed-fund schemes from Government of India are somewhat obsolete and unless the new scheme is ambitious and aims to back hundreds of ventures every year with up to ₹3 crore per venture, it may not necessarily move the needle and the impact will be limited” he adds.
Diese Geschichte stammt aus der February, 2020-Ausgabe von Outlook Money.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der February, 2020-Ausgabe von Outlook Money.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Tax Reforms: What's In Store?
The government is working on reforming the existing Income-tax Act, 1961. The impending reforms have raised many questions in the minds of taxpayers. Will the old regime and deductions be done away with? Will it really simplify your life? What's the need for these reforms? We try to answer these and other questions regarding tax reforms
5 Questions That Will Lead You To The Right Financial Planner
Choosing a financial planner is not as easy as it may seem. Besides the right credentials, you should also consider things like the kind of services you will be needing-tax advisory, estate planning-as well as the fee structure. Here are five questions that will help you choose the right planner
Health Insurance Sub-Limits
Sub-limits in health insurance are restrictions placed by the insurance company on the SP maximum amount they will pay for specific expenses that are part of the total hospital bill.
Delayed Gratification, Humility, Understanding Inflation And Risks Key To Financial Success
The journey to financial success is continuous, requiring patience, education, and disciplined decision-making.
Avoiding Common Pitfalls through Asset Allocation and Multi-Asset Investing
Just as you track the calories and nutrients for a well-balanced diet, you need a balanced portfolio that has multiple assets to balance the risks and returns.
Mutual Funds for Financial Growth
Mutual funds allow you to invest in small amounts and seize the compounding growth, and experts help tackle volatility and asset allocation, making them a potent tool to create wealth.
Multi-Asset Investing is The Financial Equivalent of A Well-Balanced Diet
Just as you track the calories and nutrients for a well-balanced diet, you need a balanced portfolio that has multiple assets to balance the risks and returns.
Theme and Triumph: How Thematic Funds Can Boost Your Bottom Line
Thematic funds target high-growth opportunities in various industries and economic sectors, allowing investors to participate in future-focused segments to generate long-term returns.
Wealth Creation Through SIP - The Slow & Steady Road to Success
For investors seeking to create long-term wealth, SIPS are a powerful tool that enables regular, disciplined investments to generate compounding returns.
Tuition Fee Varies Among Countries
I am 22 years old and have recently started working in a software company.