Ms. Kanika Gupta Shori, Co-founder and COO, Square Yards contributed an article on pre-budget expectation. The article featured at The Financial Express on January 29, 2019.
It mentions “As India moves closer to the general elections 2019, a lot of responsibility rests on the current government to set the tone for the restructuring of the Banking and Financial Services and Insurance (BFSI) sector and sending out the message that it firmly stands behind the industry and can take bold as well as innovative steps. Now is the time for the government to come out with policies to aid and support the sector and help it in coming back on its feet. A lot of startups in the fintech segment of the industry are also looking up to the government to provide leeway in the procedure to arrive at a fair value of shares of a startup for purpose of calculation of Angel Tax. Time is ripe for doing away with the tax completely, or at least, give some relaxation to the startups that have demonstrated competence in their respective circles and fields. This will help bring more investment in the startup ecosystem, which is making the financial sector stronger with their innovative and problem-solving-approach.”
Read the full article here