Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.


Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence


Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
1-min read

Leg-up for Start-ups as Nirmala Sitharaman Announces Dedicated DD Channel, Relaxation in I-T Scrutiny

Finance Minister Nirmala Sitharaman said the government had introduced the incentives to 'release the entrepreneurial spirit' of the country.


Updated:July 5, 2019, 4:37 PM IST
Leg-up for Start-ups as Nirmala Sitharaman Announces Dedicated DD Channel, Relaxation in I-T Scrutiny
Finance Minister Nirmala Sitharaman presented her first budget before Parliament on Friday. (File Photo)

New Delhi: To “release” what Finance Minister Nirmala Sitharaman called the “entrepreneurial spirit” of the country, the government proposed several schemes and incentives, including a new television channel in the Doordarshan bouquet dedicated exclusively to start-ups.

RATE The Budget

Presenting the Budget on Friday, Sitharaman said the channel would serve as a platform to promote start-ups, discuss issues affecting their growth, match them with venture capitalists and help with funding and tax planning. She added that the channel and its content would be designed, executed and run by the start-ups themselves.

More incentives

Among other incentives for start-ups, the government said they would not face scrutiny by income tax officials with regard to share value premium and would be applicable for e-verification. Valuation of Category II AIF funds, which include private equity funds, real estate funds and distressed assets funds, will now require no I-T scrutiny.

A tax cut was also proposed for makers of electrical vehicles, a move that will help electronic vehicle manufactures.

The Finance Minister has also allowed 100% FDI for start-ups in single-brand retail and proposed removing the 30% local sourcing norms. Additionally, Sitharaman proposed cutting down sourcing norms by 30 per cent.

Women in entrepreneurship

Sitharaman also said the Stand Up India scheme would be extended to 2020-25, adding that the scheme meant for women entrepreneurs has delivered "enormous benefits".

"The country is witnessing the emergence of thousands of entrepreneurs from women as well as scheduled castes and scheduled tribes,” Sitharaman said. These entrepreneurs were able to start their own businesses and industries with capital provided under Stand Up India.

To further encourage entrepreneurship among women, Women 'SHG Interest Subvention Programme' has been proposed to be expanded to all districts in India, the FM announced.

Apart from the schemes, Sitharaman also gave a call for increased participation of women in the country, stressing on the slogan “Naari tu Narayani”. She said India will become a $3 trillion economy this year. "It is now the sixth largest economy, five years ago it was the 11th."

Read full article
Next Story
Next Story

Also Watch

Most Active
Company Price Change %Gain
Yes Bank 98.40 -5.25
Kotak Mahindra 1,534.60 2.21
Interglobe Avi 1,465.25 1.38
IndusInd Bank 1,501.25 1.90
Indiabulls Hsg 668.20 3.38
Company Price Change %Gain
Yes Bank 98.45 -5.25
HDFC 2,286.30 0.39
SpiceJet 141.95 7.74
Tata Elxsi 742.40 -8.90
Indiabulls Hsg 667.80 3.36
Top Gainers
Company Price Change %Gain
Indiabulls Hsg 668.20 3.38
UPL 659.75 2.78
SBI 372.40 2.21
Kotak Mahindra 1,534.60 2.21
Tech Mahindra 690.80 2.20
Company Price Change %Gain
SBI 372.15 2.17
HCL Tech 1,040.65 2.02
Kotak Mahindra 1,532.90 2.02
IndusInd Bank 1,500.70 1.85
Asian Paints 1,394.85 1.67
Top Losers
Company Price Change %Gain
Yes Bank 98.40 -5.25
Eicher Motors 18,433.70 -3.19
GAIL 143.40 -2.68
ONGC 149.90 -1.54
NTPC 129.10 -1.41
Company Price Change %Gain
Yes Bank 98.45 -5.25
ONGC 149.85 -1.64
Bharti Airtel 345.90 -1.41
Maruti Suzuki 6,074.20 -1.38
Bajaj Auto 2,696.45 -1.31

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results