Overall a very interesting budget from the perspective of startups. The 1000 Crore Startup fund, the stress on easing permissions for doing business and decision to allow Foreign Investments in AIF is largely reassuring to the entrepreneur community. That the unfair “startup tax” which taxes Angel Investments was not addressed is little disappointing though.
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Post-Budget Reaction by Mr. Shivakumar Ganesan, CEO - Exotel
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