Includes expectations from the Union Budget of 2016 in 3 sectors - Infrastructure, Startup Funding and Ease of Doing Business. It includes an analysis of policies in the Budget of 2015 and a log of measures the Government could take up
A lucid and attractive presentation on the topic - "Ease of Doing Business in India". Discussion is done on both the basics as well as the nitty-gritty of the topic.
This presentation contains all the details regarding new improvements in Doing Business in India 2018. The data is taken from various news articles and Ease of Doing business 2018 world bank Report. I am ready to send detailed report along with conclusion on Ease of doing business at Attractive price..
Following are the references used in report:
1 World Bank, Doing Business Report 2018, October 2017
2 Doing Business website: http://www.doingbusiness.org
3 live mint, 2017, Matthew Lillehaugen and Milan Vaishnav: Doing business in India: myths and realities
4 Hindustan Times, October 31, 2017, P Suchetana Ray and Asit Ranjan Mishra, India jumps into top 100 in World Bank’s ease of doing business rankings
5 Hindustan Times, 1 Nov, 2017, P Suchetana Ray and Moushumi Das Gupta, Ease of doing business: How India improved its ranking.
The government of India has, in the past few years, accorded an utmost priority to the Ease of Doing Business (EoDB). The accent is on simplification of regulations and use of technology to make the compliance more efficient for businesses. Apart from the Centre, the States are also being encouraged to implement business reforms in the spirit of competitive federalism, to foster reforms at the sub-national level. The measures are aimed at creating a conducive business environment, which is a key to facilitating growth and creating jobs. Thanks to these measures, India’s EoDB ranking, captured by the World Bank, has improved by 42 spots since 2014 to touch the 100th position now. The Prime Minister envisions India among the top 50 nations in the next couple of years.
While business reforms are being undertaken at a rapid pace and large scale, cutting across Central as well as state levels, it is imperative that awareness about these developments is created among stakeholders and regular feedback is generated to address the gaps in the implementation of reforms. Identification of pending issues and suggesting possible solutions are equally vital. It is also important to identify the best practices within and outside the country, which are considered for implementation by the needy states.
A lucid and attractive presentation on the topic - "Ease of Doing Business in India". Discussion is done on both the basics as well as the nitty-gritty of the topic.
This presentation contains all the details regarding new improvements in Doing Business in India 2018. The data is taken from various news articles and Ease of Doing business 2018 world bank Report. I am ready to send detailed report along with conclusion on Ease of doing business at Attractive price..
Following are the references used in report:
1 World Bank, Doing Business Report 2018, October 2017
2 Doing Business website: http://www.doingbusiness.org
3 live mint, 2017, Matthew Lillehaugen and Milan Vaishnav: Doing business in India: myths and realities
4 Hindustan Times, October 31, 2017, P Suchetana Ray and Asit Ranjan Mishra, India jumps into top 100 in World Bank’s ease of doing business rankings
5 Hindustan Times, 1 Nov, 2017, P Suchetana Ray and Moushumi Das Gupta, Ease of doing business: How India improved its ranking.
The government of India has, in the past few years, accorded an utmost priority to the Ease of Doing Business (EoDB). The accent is on simplification of regulations and use of technology to make the compliance more efficient for businesses. Apart from the Centre, the States are also being encouraged to implement business reforms in the spirit of competitive federalism, to foster reforms at the sub-national level. The measures are aimed at creating a conducive business environment, which is a key to facilitating growth and creating jobs. Thanks to these measures, India’s EoDB ranking, captured by the World Bank, has improved by 42 spots since 2014 to touch the 100th position now. The Prime Minister envisions India among the top 50 nations in the next couple of years.
While business reforms are being undertaken at a rapid pace and large scale, cutting across Central as well as state levels, it is imperative that awareness about these developments is created among stakeholders and regular feedback is generated to address the gaps in the implementation of reforms. Identification of pending issues and suggesting possible solutions are equally vital. It is also important to identify the best practices within and outside the country, which are considered for implementation by the needy states.
Atmanirbhar Bharat Stimulus decoded for Startups3one4 Capital
3one4 Capital is happy to help India’s startups decode the “Atmanirbhar Bharat” stimulus package. The scope of this note is limited to general areas of business and for measures that would be directly applicable to a majority of the portfolio companies. All founders are encouraged to go through the presentations for additional details. For specific measures for certain industries (agriculture, NBFCs, etc), kindly consult the presentation or reach out to the 3one4 Capital team. We are here to help. If you have any queries, reach us at hello@3one4capital.com
Quotient of ease of doing business in India i.e. assessing the hurdles businesses face and the procedures that have to be followed while doing business in India.
Watch Full Video about IREDA Explanation in hindi from here https://bit.ly/2G93Fc4 .. you will come to know what is ireda? what is ireda in hindi? what is miniratna, navratna and mahartna companies & ias preparation will be easy for you in the manner of general studies for ias. visit our youtube channel https://bit.ly/2HncX0M and get daily ias videos of the hindu editorial analysis & Daily Current Affairs.
Practical Insights on implementation of Companies Act 2013.
Training opportunity, November – December 2014.
Learn more and register here: www.ey.com/ca2013training
The recently enacted Companies Act, 2013 (the Act), along with changes in the listing agreement marked a historic moment and beginning of a new era, which aims to improve transparency and accountability in India’s corporate sector.
The Act outlines various requirements for governance, disclosures and enhanced roles, responsibilities and liabilities of the board, its committees and independent directors.
Based on our experience of assisting several large Indian and multinational companies towards implementation of Companies Act 2013, we have faced several implementation challenges, which we believe are relevant for large number of companies in India.
Comparative Analysis of Financial Statement OfIT industriesPranav Veerani
Comparative Analysis of Financial Statement
OfIT industries
INTERNATIONAL ACCOUNTING PRACTICES
GRADUATE SCHOOL OF MANAGEMENT STUDIES
Comparative Analysis
Introduction of IT industry
TCS
Infosys Limited
HCL Technologies
Wipro Ltd
Tech Mahindra Ltd.
Comparative of company
The election to the Council of the Institute of the Chartered Accountants of India- Central Council and Regional Councils has been notified and are scheduled on December 3, 2015 and Dec 4, 2015. These elections are very important for Chartered Accountants Community as a whole including members in practice, members in employment as well as members in Industry/ Businesses.
The India Tax Insights quarterly (July-Sept issue) provides insights on the recently introduced Anti-avoidance rules and their impact on businesses in India. The issue traces the historical and colonial offshore tax avoidance in India and the UK, appropriateness of a GAAR (General Anti-Avoidance Rules) in India as a tool to combat tax avoidance in this issue, importance of interaction between GAAR and tax treaties and the need to ensure robust tax governance procedures for the effective implementation of GAAR.
Atmanirbhar Bharat Stimulus decoded for Startups3one4 Capital
3one4 Capital is happy to help India’s startups decode the “Atmanirbhar Bharat” stimulus package. The scope of this note is limited to general areas of business and for measures that would be directly applicable to a majority of the portfolio companies. All founders are encouraged to go through the presentations for additional details. For specific measures for certain industries (agriculture, NBFCs, etc), kindly consult the presentation or reach out to the 3one4 Capital team. We are here to help. If you have any queries, reach us at hello@3one4capital.com
Quotient of ease of doing business in India i.e. assessing the hurdles businesses face and the procedures that have to be followed while doing business in India.
Watch Full Video about IREDA Explanation in hindi from here https://bit.ly/2G93Fc4 .. you will come to know what is ireda? what is ireda in hindi? what is miniratna, navratna and mahartna companies & ias preparation will be easy for you in the manner of general studies for ias. visit our youtube channel https://bit.ly/2HncX0M and get daily ias videos of the hindu editorial analysis & Daily Current Affairs.
Practical Insights on implementation of Companies Act 2013.
Training opportunity, November – December 2014.
Learn more and register here: www.ey.com/ca2013training
The recently enacted Companies Act, 2013 (the Act), along with changes in the listing agreement marked a historic moment and beginning of a new era, which aims to improve transparency and accountability in India’s corporate sector.
The Act outlines various requirements for governance, disclosures and enhanced roles, responsibilities and liabilities of the board, its committees and independent directors.
Based on our experience of assisting several large Indian and multinational companies towards implementation of Companies Act 2013, we have faced several implementation challenges, which we believe are relevant for large number of companies in India.
Comparative Analysis of Financial Statement OfIT industriesPranav Veerani
Comparative Analysis of Financial Statement
OfIT industries
INTERNATIONAL ACCOUNTING PRACTICES
GRADUATE SCHOOL OF MANAGEMENT STUDIES
Comparative Analysis
Introduction of IT industry
TCS
Infosys Limited
HCL Technologies
Wipro Ltd
Tech Mahindra Ltd.
Comparative of company
The election to the Council of the Institute of the Chartered Accountants of India- Central Council and Regional Councils has been notified and are scheduled on December 3, 2015 and Dec 4, 2015. These elections are very important for Chartered Accountants Community as a whole including members in practice, members in employment as well as members in Industry/ Businesses.
The India Tax Insights quarterly (July-Sept issue) provides insights on the recently introduced Anti-avoidance rules and their impact on businesses in India. The issue traces the historical and colonial offshore tax avoidance in India and the UK, appropriateness of a GAAR (General Anti-Avoidance Rules) in India as a tool to combat tax avoidance in this issue, importance of interaction between GAAR and tax treaties and the need to ensure robust tax governance procedures for the effective implementation of GAAR.
The digital transformation: Used car retail performance management 2.0Jörg Höhner
E.N.G. Vehicle Remarketing Summit 2016
The digital transformation: Used car retail performance management 2.0
Jörg Höhner
Global Managing Director INDICATA, Autorola Group
Amsterdam – January 26, 2016
Incluye vocabulario de ciertos lugares de la ciudad. No está completo, existe una segunda parte.
En esta presentación, el vocabulario se presenta de manera más visual, proporcionando una pregunta o una pequeña definición que permitirá al alumno idear o adivinar la palabra (lugar) en cuestión.
With the Government’s reforms drive and resolve, scalable improvement in ease of doing business holds the key to enhance investment attractiveness of the Indian economy and help attain higher GDP growth as also spur job creation in a sustainable manner.
To realise the Prime Minister’s vision of positioning India among the top 50 countries globally for ease of doing business in next two years, the Government has recently undertaken a number of measures including the launch of e-biz portal to integrate 14 regulatory permissions at one source, rationalization of tax procedures, simplification of labour regulations and creation of appropriate skill development ecosystem.
Given the thrust on landmark reforms like “Make in India”, both Government and industry have endorsed that the focus on improving the Ease of Doing Business in India has to take priority.
In light of the recent industry friendly policy changes, this issue of the Policy Watch is an endeavor to get industry views on the current scenario and outlook on the overall Ease of Doing Business in India.
CII has identified accelerating growth and creating employment as the foremost priorities for the nation as we recover from two years of slow growth and falling investments. We believe that a proactive reform agenda could lift GDP growth to 6.5 per cent this year and to above 8 per cent by 2016-17. The objective should be to create 150 million jobs over the next decade. The CII Theme for the year therefore is ‘Accelerating Growth, Creating Employment’.
In this issue of Policy Watch, we examine the critically important enablers that have the potential to boost economic growth, and help India return to a high-growth trajectory. These enablers include:
• Education System
• Skill Development
• Economic Growth
• Manufacturing Sector Growth
• Investments
• Ease of Doing Business
• Export Competitiveness
• Legal and Regulatory Architecture
• Labour Law Reforms
• Entrepreneurship
GOVERNMENT SHOULD DESIST FROM INTERFERING IN THE CA PROFESSIONNeha Sharma
Over the last few years, the Government is bent upon interfering in the affairs of the CA profession being regulated by the Institute of Chartered Accountants of India, a body set up by an Act of the Parliament. Satyam episode is being cited as the example for mismanagement and lack of regulation.
The November issue of #PolicyWatch focuses on the overall state of #MSME development in the country, opportunities for MSMEs in some critical sectors, some of the latest MSME initiatives by the Government demonstrating its commitment towards the melioration of business environment for MSMEs and significant policy recommendations in various areas that will assist in putting Indian MSMEs on a high growth trajectory.
CII has been strongly advocating for an Action Agenda towards creating an enabling and integrated policy & regulatory framework, the impact of which could facilitate considerable investments in the Infrastructure sector thus taking India’s Infrastructure story forward.
This issue of Policy Watch takes an in-depth look at the sectoral issues and has outlined some specific recommendations to reinvigorate the growth momentum in the sector.
India Inc. endorses Government’s Speed of Decision making and Implementation Agenda. Sumit Mazumder, President, CII, addressed CII's first Press Conference on its National Agenda 2015-16. Since coming to power in May 2014, the new government has adopted several measures to generate positive sentiment about the Indian economy. CII’s theme for the year is to Build India: Invest in Development. This would involve CII’s engagement in four broad areas: promoting growth and competitiveness, developing human capital, promoting infrastructure investments encouraging social development. CII is involved in three national missions – on smart cities, on digital India and on Sanitation in schools. CII is working with central, state and local governments for the successful implementation of these missions.
The presentation basically focus on the policy formed/designed by Government to protect/safegaurd the ideas of small Business, Entrepreneurs and Startups.
Make in india – a formidable step in right directionNeha Sharma
Make in India campaign of Prime Minister Narendra Modi has evoked lots of attention all over the world. Prospective investors from China, Japan, USA etc are eagerly watching changes being made in the directions of investment liberalization . There is no doubt that with this PM has taken a major initiative to bring Indian and International Corporate Sector on one platform to aggressively boost industrial production and growth in India.
ICAI Elections -Your Vote will make the DifferenceNeha Sharma
The most crucial time for the profession of CAs i.e. 3 yearly elections of the Institute are scheduled for December 4-5, 2015. How we exercise our vote will decide future of each one of us. The role being played by the Elected Central Council & the Regional Council is very crucial and it is important to understand while voting that We need a leadership which takes the profession in a right Direction, new and larger professional opportunities are harnessed nationally as well as internationally,we meet various challenges as a profession and all members are effectively, efficiently and respectfully deliver professional services and add a highly acclaimed value to the corporate, while being in employment.
The 2015 budget had long list of expectations. On one hand; the Government has addressed major issues surrounding the foreign investors which would certainly boost capital market inflows and revive the private equity industry (by deferring GAAR by 2 years and clarifying Permanent Establishment & Indirect Transfer of Assets). On other hand; it has just rationalized the subsidies. Probably as we see growth coming in and more job creation; subsidy burden can be better dealt with by the Government. Though there are no direct benefits for the middle class. However incentives have been introduced to encourage savings. These savings are expected to fuel the infrastructure and other investment plans laid out by the Government. Certainly Foreign investors have a reason to cheer for this Pro Business; Pro Growth Government budget.
Attached Newsletter is an attempt to cover monthly issues relevant in the context of transactions - covers SEBI, Companies Act, Income Tax, Stamp duty and other regulatory changes
In this issue of #LanguageOfGrowth Series, we bring to you the finer print from the Budget, the opportunities that will arise
and the benefits that start-ups operating in particular sectors can enjoy. Many of these benefits may not be for that particular
Industry directly but the measures indirectly create opportunities.
We hope these insights will help you look at your own Industry as well as allied ones as also identify new areas to work in.
CA Prajakta Shetye-Deo
CA Vinit Vyankatesh Deo
Similar to Expectations from Union Budget 2016 (20)
Marketing Strategy of Alcoholic Beverage Start-ups in IndiaAbhirup Lahiri
A detailed research report on the marketing strategy of alcoholic beverage start-ups in India with in-depth analysis of consumer behaviour dynamics, popular branding efforts and a competitive landscape of the industry. The report also includes a case study of Bira91, one of the most successful start-ups in this industry in India.
It was published as a dissertation to the Marketing department of Indian Institute of Foreign Trade in the year 2017.
This document talks about the ongoing dispute between India and China regarding the ownership and usage of the water resource in the Brahmaputra River.
This talks about the various risks faced in international trade and the ways to mitigate these risks. It talks about various risks - currency risk, buyer's insolvency risk, transit risk, country risk, documentation risk etc.
03062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
हम आग्रह करते हैं कि जो भी सत्ता में आए, वह संविधान का पालन करे, उसकी रक्षा करे और उसे बनाए रखे।" प्रस्ताव में कुल तीन प्रमुख हस्तक्षेप और उनके तंत्र भी प्रस्तुत किए गए। पहला हस्तक्षेप स्वतंत्र मीडिया को प्रोत्साहित करके, वास्तविकता पर आधारित काउंटर नैरेटिव का निर्माण करके और सत्तारूढ़ सरकार द्वारा नियोजित मनोवैज्ञानिक हेरफेर की रणनीति का मुकाबला करके लोगों द्वारा निर्धारित कथा को बनाए रखना और उस पर कार्यकरना था।
role of women and girls in various terror groupssadiakorobi2
Women have three distinct types of involvement: direct involvement in terrorist acts; enabling of others to commit such acts; and facilitating the disengagement of others from violent or extremist groups.
In a May 9, 2024 paper, Juri Opitz from the University of Zurich, along with Shira Wein and Nathan Schneider form Georgetown University, discussed the importance of linguistic expertise in natural language processing (NLP) in an era dominated by large language models (LLMs).
The authors explained that while machine translation (MT) previously relied heavily on linguists, the landscape has shifted. “Linguistics is no longer front and center in the way we build NLP systems,” they said. With the emergence of LLMs, which can generate fluent text without the need for specialized modules to handle grammar or semantic coherence, the need for linguistic expertise in NLP is being questioned.
‘वोटर्स विल मस्ट प्रीवेल’ (मतदाताओं को जीतना होगा) अभियान द्वारा जारी हेल्पलाइन नंबर, 4 जून को सुबह 7 बजे से दोपहर 12 बजे तक मतगणना प्रक्रिया में कहीं भी किसी भी तरह के उल्लंघन की रिपोर्ट करने के लिए खुला रहेगा।
31052024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
01062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
2. Indian Institute of Foreign Trade | Delhi
Infrastructure
Ease of Doing
Business
Start-up funding
The Selected
Three
The Selected three
This slide gives us an overview of the selected three categories and reasons for choosing them
Infrastructure : corner stone of India’s growth story
• Infra accounts for 31.2% of our GDP
• It must be realized that 68% of India's national income (in FY '16) is contingent on 35% of stalled projects
ranging from aviation to roadways to real estate
• As government takes upon measures to cut red-tape, we must closely analyze how is India faring in making
businesses (both core and service sector) achieve the goal of robust infrastructure for India's ever burgeoning
population
Start Up Funding: aiding the process of setting up business
• As we wish to cater to the large demographic of age 25-40 years, we must build the entrepreneurial streak in
making our youth self-sustainable
• India boasts of 10,11,05,987 start ups as of 2015. Every day 10,000+ start ups are created to make India's
dream the new ‘American Dream’. Again, role of ease of doing business is paramount to achieve this end
Ease of Doing Business: providing the right environment
• As we wish to cater to the large demographic of age 25-40 years, we must build the entrepreneurial streak in
making our youth self-sustainable.
• India boasts of 10,11,05,987 start ups as of 2015. Every day 10,000+ start ups are created to make India's
dream the new "American Dream". Again, role of ease of doing business is paramount to achieve this end
Thus a robust infra boosted by a transparent system will foster the right environment for investors to pump in money for start
ups in India. We endeavor to analyze these three factors in detail in the coming slides.
3. Indian Institute of Foreign Trade | Delhi
InFRASTRUCTURE (1/2)
Policy changes in the previous budget
1. A significant increase of Rs.70,000 crore in investment in infrastructure in 2015-16 over the current year, with a focus on railways and
roads.
2. National Investment and Infrastructure Fund will find monies to ensure an annual flow of Rs.20,000 crore to it.
3. Issuing tax-free bonds for raising funds for investment in rail, roads and irrigation
4. Public Contracts (Resolution of Disputes) Bill to streamline the institutional arrangement for the resolution of disputes that have
stalled projects
5. The budget proposed to take measures to deepen the bond market to promote investment by a Public Debt Management Agency
(PDMA)
Achievements Failures
• Mudra Bank expected to have given advances to the
tune of Rs. 1.2 Lakh Crore by the end of this fiscal year
• Signing up of multi-billion dollar infrastructure projects
with China and Japan
• 304 projects still stalled with the Project Management
Group of the PM's Cabinet Secretariat
• NPAs of Rs. 12.8 Lakh Crore generated through stalled
infrastructure projects
Analyzing the scenario until now
Infrastructure is highly responsible for propelling India’s overall development and enjoys intense focus
from Government for initiating policies. The Ministry of Road Transport outlined plans for $120 billion
worth of road-widening projects, with 65% of this money coming from the private sector. There are also
plans for $60 billion to be invested in India’s ports. The strong position makes infrastructure a crucial
sector the Union Budget of 2016.
Infrastructure
Ease of Doing
Business
Start-up funding
The Selected
Three
This slide gives us current scenario, changes made in the previous budget and its achievements/failures in infrastructure
4. Indian Institute of Foreign Trade | Delhi
InFRASTRUCTURE (2/2)
Infrastructure
Ease of Doing
Business
Start-up funding
The Selected
Three
Regulatory reforms to expedite execution and financing of infrastructure projects
1
Recommendation Implication
Raise Public Spending through PPP model
• Brown-field modernization of railway stations
through Public Private Partnership
• Modernization of ports and setting up of
automated cargo handling terminals through PPP
• Will help sustain growth in core manufacturing sectors where
growth has dipped by 4.6% which amounts to a loss of Rs.
56,000 cr. to the national coffers.
• Reassure the strength of PPP projects through concerted
effors as recommended by Kelkar Committee.
2
Standardizations of labor contracts
• Bring parity in the definition and valuation
technique of works contracts under the Service
Tax Law and the VAT Law. Currently VAT
• Avoiding double taxation in VAT-applicable states. Taxation on
receipt of advances leads to payment of Service Tax as well as
VAT with a double taxation of up to 140%. This is a major
additional expense in infrastructure projects.
3
• Banks face trouble meeting short term investment demands
as most of their funds are stuck in long-term loans given for
infrastructure.
• Infrastructure companies could issue bonds to make money
for investments and the Government could earn through
municipal bonds for funding infrastructure projects
Revolutionizing Bond Market
• Create a national financial intermediary to issue
municipal bonds on behalf of its members
• Creation of bond index to track corporate bonds
and deepen investor’s trust.
5. Indian Institute of Foreign Trade | Delhi
EASEOF DOINGBUSINESS(1/2)
This slide gives us current scenario, changes made in the previous budget and its achievements/failures in ease of doing business
Achievements Failures
Analyzing the scenario until now
With an aggressive push towards the 'Make in India' initiative, increase in FDI caps in various industrial
sectors and efforts towards expediting foreign investment, the Government has made 'ease of doing
business' a crucial parameter for the success of its initiatives. However, ranked 130 in the world, India has
a long way to go before it can boast of a strong ecosystem of convenience for businessmen.
Policy changes in the previous budget
1. The application for Industrial License ("IL") and Industrial Entrepreneur Memorandum ("IEM") can be made online.
2. The country also figures among those that simplified preregistration and registration formalities such as publication, inspection
among others.
3. India eliminated the paid-in minimum capital requirement to start a business and also streamlined the processes to start up.
4. Put in place an investor-friendly policy, under which FDI, up to 100%, is permitted, under the automatic route, in sectors like railways
and healthcare.
Mr Jaitely's attempts to improve the ease of doing business
have yielded good result with the country jumping 12 ranks
to 130 in the latest ranking compiled by the World Bank.
• Red-tapism is still rampant in government institutions
and fixing accountability seems a long haul even now.
• India still ranks below the likes of Bhutan and other LDCs
in "spurious audits" of its registered companies and thus
leading rampant development of NPAs in these firms.
Infrastructure
Ease of Doing
Business
Start-up funding
The Selected
Three
6. Indian Institute of Foreign Trade | Delhi
Infrastructure
Ease of Doing
Business
Start-up funding
The Selected
Three
Cutting down the red tape by making bureaucracy accountable and increased use of PPP
Expediting registering/completion process
• Online issuing: building plan and completion certificates
• Empowering Architects, Engineers and Surveyors
empaneled by Development Authorities to issue the
building permits/completion certificate remotely.
• Outsourcing registration procedures to private sector
• Creation of a special cell for handling clearances
• Among the various parameters in the 'Ease of Doing Business
Index', dealing with construction permits is India's weakest
link. Reforms would significantly improve India's ease of doing
business
1
Recommendation Implication
Unclogging complicated tax mesh
Introducing a sunset clause on corporate tax exemptions:
Phase 1: Exemptions which are not needed any more will be
removed
Phase 2: all open-ended exemptions would be given sunset
dates
Phase3: Rationalization of exemptions given for capita-linked
expenditure and R&D
Phase 4: Rationalization of accelerated depreciation
• Expedite the process of corporate tax cut from 30% to 25% in 4
years, as announced last year
• Free up revenues by reducing amounts of foregone profit
• Help remove the tarnish on India's image of having high
corporate tax and thereby sentiment regarding ease of doing
business
2
• It takes over 4 years to enforce a contract in India and this is an
extremely weak spot for ease of doing business.
• Quicker settlement and streamlining of arbitration processes
will help businesses clear litigation faster and expedite their
growth path.
3
EASEOF DOINGBUSINESS(2/2)
Fast Arbitration
Setting up of special courts for settlement through
arbitration in a time-bound manner in line with the
recommendations of the Arbitration and Counciliation
Amendment Bill.
7. Indian Institute of Foreign Trade | Delhi
START-UP FUNDING(1/2)
This slide gives us current scenario, changes made in the previous budget and its achievements/failures in start-up funding
Achievements Failures
Analyzing the scenario until now
Rightfully christened 'Startup India StandUp India', the Government is pushing job creation by leveraging the
startup landscape in the country. With the introduction of new microfinance institutions, credit guarantee
schemes and pools of funds, the Government is making concerted efforts towards developing India's very own
Silicon Valley. This, along with the strong demographic dividend of a population below the age of 35 calls for
exciting developments in the field of startups in India
Policy changes in the previous budget
1. Creation of Micro Units Development Refinance Agency (MUDRA) Bank, with a corpus of Rs.20,000 crores.
2. Credit guarantee corpus of Rs.3,000 crores.
3. Corporate tax reduction from 30% to 25% over 4 years.
4. Allocation of Rs. 1,000 crores for setup of the ‘Self Employment and Talent Utilization’ program to incubate startups.
• $7.3 billion was invested in startups in the first 3
quarters of 2015
• Number of startups who received funding doubled to
400 in 2015.
• Average weekly startup funding of $95 million
• A company takes a minimum of 29 days to start up, not
competitive viz-a-viz most of the high-growth countries
• Companies with limited access to angel or VC funding
• Exit policies are very cumbersome and hence re-
investment in a new business is tough for a failing startup
Infrastructure
Ease of Doing
Business
Start-up funding
The Selected
Three
8. Thank You!
Start-up funding (2/2)
Infrastructure
Ease of Doing
Business
Start-up funding
The Selected
Three
Regulatory reforms to expedite execution and financing of infrastructure projects
1
Recommendation Implication
• Rs. 10,000 cr corpus assigned to help start-ups
should be managed by professional fund
managers and not politicians.
• Selection of such fund managers should be on
basis of proven track record.
2
Straightening out policies and tax regimes
• Removal of angel tax (currently at 33%)
• Service tax holiday for 3 years
• Lay down a road map for list of reforms under the
'Startup India Standup India' initiative.
• Will pump up forex reserves as foreign angel investors will
have added incentive to invest. (and will not divert to
Singapore/UK)
• Permanent establishments will rise and will offset any revenue
lost due to forgone ‘angel tax’.
• Would reduce the biggest burden on the funds that a startup
has, in its initial stages (with zero or minimal profit)
3 • Create an innovative financial instrument which
bridges investors’ risk appetite with the
impending need for startup funding
• This will be analogous to mutual funds in
investors’ parlance
Streamlining ‘Fund of Funds’ initiative • Will inject much needed expertise and professionalism
• Corruption levels stand to dip considerably as there would little
to no vested interests of hired professionals.
• Reduces the hold of institutional investors on the profit
objectives of the startup as the Governmental scheme brings
along with it, a sense of social security as well
Crowd-sourcing of start up funds
• There will be significant hedging of startup risk through
diversification.
• It will help cast a wider net in roping in investors to the
upcoming sphere of startups.