Budget 2015: Start-Ups Get A Tech Boost

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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.

Sanchit Vir Gogia, chief analyst and chief executive officer of Greyhound Research, a technology research firm, believes the budget announcements are “basically a mixed bag”. He pointed to the “lack of clarity on the e-business portal, or for the Rs.10,000 crore start-ups allocation announced in the last budget, or e-kranti… Basically there was a lot of direction but little detail in the budget”.

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