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Budget 2015: Start-Ups Get A Tech Boost #Press #Media @livemint

If the big idea of Budget 2014, announced on 10 July, was clearly start-ups, the Bharatiya Janata Party-led National Democratic Alliance government took it a step further by announcing on Saturday an allocation of Rs.1,000 crore to enable information technology (IT) start-ups, create additional funding avenues for small companies to raise money and, in turn, generate more employment.

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Podcast: Budget 2015 Has To Be About Action On The Ground @firstpost #Budget2015

Sanchit Vir Gogia, Chief Analyst, Greyhound Research says that announcements made in Budget 2014 have remained mere aspirations with lack of clarity on policies with regard to Digital India, uncertainty over the Rs 10,000 crore start-up fund for MSMEs, as well as the inadequately funded 100 Smart Cities project. He elaborates on the big opportunity in cloud that India has if it gets regulations and tax sops right for providers, but warns that unless there is concrete action, frustration among entrepreneurs and corporates will only rise.

Listen to the full podcast here

Source: Firstpost

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Bharti Airtel (@airtelindia) scraps Loop Mobile merger deal #Press #Media @Livemint

Bharti Airtel had planned to buy Loop’s assets in February, but the deal did not get regulatory approvals. Bharti Airtel Ltd abandoned its `700 crore plan to buy Loop Telecom for its Mumbai operations after the country’s largest telecom operator failed to secure regulatory approval for the acquisition, a situation that prompted most of Loop’s mobile phone subscribers, the company’s most valuable asset, to desert the network.

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