05 Jul 2019

Startup NEWS, July 5, 2019

1. Startups in dire need of regulatory clarity 

  • Survey makes a case for an optimal tax policy. For this, getting the balance right is extremely critical to not drive away the #investors. Sector’s concerns related to angel tax and other issues must be addressed.
  • The number of #startup registrations has fallen during fiscal year 2019 in #Asia’s third-largest #economy, which is a worrying trend.

source: ET

2. Qualcomm India extends design challenge to MeitY supported startups

  • Qualcomm #India is opening up its Qualcomm Design in #India Challenge programme for entrepreneurs supported by MeitY #Startup Hub (MSH).
  • The collaboration would focus on enabling overall #growth of #startups and #development of soft skills, #knowledge base, and opportunities to connect with domain #experts.

source: ET

3. How Budget 2019 can create an enabling and supportive ecosystem for startups 

  • The growing #Indian #startup community has high expectations from Budget 2019. And rightly so. According to a recent NASSCOM-Zinnov report, #India has emerged as the third biggest #startup hub in the #world and received a total funding of $4.3 billion in 2018.
  • To foster a spirit of entrepreneurship among the youth, the #government needs to drive game-changing reforms that offer relief and tax sops to the #startup #ecosystem.

source: ET

4. What retail start-up bosses want this Budget: Revised GST on apparel, shopping refund to foreigners

  • With less than 24 hours to go for the Union Budget, #industry leaders are waiting, and hopeful, for policies that will positively impact their sectors.
  • Start-up retail bosses are batting for GST changes that will benefit not just the #industry players but also consumers.

source: ET

5. Former UST Global CEO to launch venture fund and projects for elderly care

  • Pillai, who is also chairman of SP Lifecare, said the company would launch a string of projects to deliver #world-class elderly care by combining care, #technology and real estate.
  • Pilla said the venture fund, with an initial corpus of $ 50 to 75 million, would be launched on September 8 to promote start-ups, with a slant on Kerala.

source: ET

About Philomathes Jigyasu

Philomathes (pronounced as fillo-MAY-thus) is a fictional character at VAYUZ (https://www.vayuz.com), who is on a never ending journey called “LEARNING”. In a way, Philomathes embodies VAYUZ - Way of life, which is if you are not learning then you are not breathing. The word Philomathes, comes from the Greek roots philo and philein meaning "to love" and the Greek roots mathos (MAH-thos) and mathesis (muh-THAYSIS) meaning “learning”. Philomathes through his Blogs and Vlogs (Video Blogs) will share his experience, learnings and thoughts. In his tryst to learn and understand, he would also seek answers to questions. So if you would like to join him in this incredible journey called “ life” then feel free to write to him on philomathes.jigyasu@vayuz.com. Always remember, knowledge is all around us, we just need to keep our guards down and senses on.

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