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Budget reactions: Motor Vehicles Act, digital literacy, MOOCs & more

Here’s looking at what Indian (and one American) companies and startups have to say about Budget 2016-17: Venture capital and advisers: Dheeraj Jain, Managing Director, Redcliffe Capital - “The budget announcement for startups is favorable from various perspective including tax regime, amendment in Motor vehicle act to accelerate innovation in transportation sector to e-platform initiatives for the farmers.. Most investors might feel that they haven't been incentivised for the high amount of risk they take while investing in an unlisted early stage venture… While Jaitley had already discussed this in January, his formal announcement of 100% deduction of profits in a startup for the first 3 out 5 years is hardly practical for startups and would have limited implications on the prospects of a new venture as most new ventures focus more on growth and less on profit during the initial years.” -Sunil Godhwani, Chairman & MD, Religare Enterprises - “The FM has done a commendable job to project a fiscal deficit ratio of 3.5% of GDP, along with a market borrowing number (Rs 4.2 trillion) significantly lower than was feared by the bond market. Focus on rural and farm sector gels well with the hypothesis that rural demand is a necessary condition to boost overall aggregate demand in the Indian economy and invigorate private investment.. Rural electrification for all by 2018, significant increase in allocation for road sector and a major jump in Railways planned investment, despite a decline in headline central govt. capital expenditure, shows that the government…

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I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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