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Article on February 01, 2022

Startup Industry Reactions To The Union Budget 2022-23

Finance Minister Nirmala Sitharaman in her Budget discourse said startups have arisen as drivers of development for the economy and throughout the course of recent years, the nation has seen a complex expansion in effective startups.

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Govt Extends Support Measures For Startups

Finance Minister Nirmala Sitharaman in her Budget speech said startups have emerged as drivers of growth for the economy and over the past few years, the country has seen a manifold increase in successful startups.

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Atlassian Acquires Percept.AI & Continues to Invest in Jira Service Management

Helps teams efficiently deliver great employee and customer support experiences at high velocity

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'Assets Positive' Launches India’s First Tokenised Multi Assets Invest-Tech Platform

Backed by marquee investors, Assets Positive will leverage Blockchain Technology to offer enhanced diversification and liquidity to alternative assets’ investors; Targeting INR 50 Crores of deals closure by Q1’22.

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Budget Reactions 2022: GatiShakti Can Lead To Better Integration

To boost the digital ecosystem skilled manpower is much needed. We hope that the National Skill Qualification Framework will help in connecting this new generation of skilled personnel with entrepreneurs.

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Customs Duty Rates Being Calibrated To Strengthen Domestic Manufacturing Of Wearables: FM

Presenting the Union Budget 2022-23, Sitharaman said duty concessions are also being given on certain items to enable domestic manufacturing of high-growth electronic goods.

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Govt Extends ECLGS Scheme For MSMEs Till Mar 2023; Thrust On Hospitality Sector

The additional amount will be exclusively earmarked for the hospitality and related segments to help them recover to pre-pandemic levels.

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Task Force On Animation Visual Effects, Gaming, Comic Promotion To Be Set-Up: FM

UDYAM, e-SHRAM, National Career Service, ASEEM portals will be interlinked and their scope will be widened with live organic databases.

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Govt Proposes Reduction In Import Duty On Cut & Polished Diamonds & Gemstones To 5%

To disincentivize import of undervalued imitation jewellery, the customs duty on imitation jewellery is being prescribed in a manner that a duty of at least Rs 400 per kg is paid on its import

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Bolt CEO Ryan Breslow Resigns Two Weeks After the Fintech Startup was Valued at $11B

Ryan Breslow, 27, will become executive chairman. Maju Kuruvilla, a 44-year-old Bolt executive and a former vice president at Amazon.com Inc., will be promoted to CEO.

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