INSUBCONTINENT EXCLUSIVE:
Budget 2021: Startups have been burdened with heavy compliances under various lawsBudget 2021: Due to the impact of COVID-19, the micro,
GST rate as it would revive the start-up sector to leverage professional services for growth and will boost the operations
the current GST rates leave very little on the table for the Indian start-up industry,'' said Mr Rahul Tekwani, Founder and Managing
digital marketing programs and courses mandatory in the education curriculum which would result in the early grooming of the talent coming
affected their operations
Experts seek the relaxation of stipulations concerning the appointment of independent directors and women directors and appointment of key
managerial personnel under the Companies Act is.At present, all inflows and outflows of funds into and outside the country are scrutinised
The adherence to strict requirements affects the flexibility of start-ups to work seamlessly with global players
Banks need flexibility in lending, which can only be brought about by the temporary suspension of Basel Norms
MSME loans in India are linked to corporate loans for which credit rating is required
Rating agencies assign the rating based on the market base of a business, which means that a small enterprise would have an insignificant
This would lead to a higher interest rate and would affect bank's lending flexibility
In this background, the start-ups hit by Covid-19 must be able to obtain sufficient borrowings in order to function,'' said Mr
