
For a long time, the startups in India have been expressing their dissatisfaction about a structural set up to raise their concerns and engage with the government. Now, finally the Centre has realised the importance of forming a committee, where both startups and government representatives can meet at regular intervals.
As per news report, the government is planning to come up with a Startup Advisory Council. Entrepreneur members, who would be part of the startup council, have also been identified. Entrepreneurs like Byju founder Byju Raveendran, Ola founder Bhavish Aggarwal, Nandan Nilekani, Kris Gopalakrishnan, and Siddarth Pai are reported to be part of the council representing startups.
The council will meet before the next Union Budget.
Issues that may be discussed are supportive business funds, exemption from capital gains tax for investors, Angel Tax and lack of a good ecosystem for startups, ease of doing business and taxing of employee stock ownership plans (Esops).
The planning of a startup council is part of DPIIT’s Startup India Vision 2024. DPIIT Secretary Guruprasad Mohapatra had last month confirmed that the govt is working on multiple regulatory measures including improving compliance related to incorporation and tax issues related to startups.
See What’s Next in Tech With the Fast Forward Newsletter
Tweets From @varindiamag
Nothing to see here - yet
When they Tweet, their Tweets will show up here.