Budget Expectations - Mr. Vishwavijay Singh, Co-founder, SaleBhai.com

"We still have to see proper implementation of the slew of initiatives announced in the last Budget session. While a tax holiday of not less than five years would help startups, even the three-year relaxation for those set up between April 2016 and March 2019 is underutilised because of the tedious registration process.

I feel the government also needs to set aside indigenous funds to support the startup ecosystem in the country and decrease its current dependency on foreign funds.

Another much-needed change is required in the banking sector. Both private and government banks need to have a policy in place for startups. Apart from help in opening accounts, there isn't anything on offer. We hope to see some dramatic changes and concrete steps being taken to help startups, especially e-commerce, from the upcoming Budget."

Source : Equity Bulls

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