Budget Startups News Today

Union Budget: The startup community has faced funding woes and layoffs through 2023. Over 28,000 jobs were cut in new-age firms amidst a $8.8 billion funding low. Past government schemes like Startup India aimed at aiding startups. Startups anticipate the interim budget for relief, seeking tax reforms and incentives for growth amid the challenging climate.

Many experts involved with the sector expect Finance Minister Nirmala Sitharaman to announce some relief measures in the upcoming budget to boost the startups.

Union Minister Piyush Goyal has said that the government is looking to ease the compliance burden for the start-up ecosystem in India and is aiming to give the new-age firms more freedom of operation