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Budget 2018 – How Are The Startups Affected?

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Budget 2018,#Budget2018,How Are The Startups Affected?,Startup Stories,2018 Best Motivational Stories,Inspirational Stories 2018,Budget 2018 Highlights,India Union Budget 2018 Highlights,Union Budget 2018 Affected Startups,Indian Startup Ecosystem,Budget for Startups,How to Budget 2018 Impact Startups
The current NDA government have been very supportive of the Indian Startup Ecosystem. When it comes to the budget for the year 2018, the one thing that really affects startups is the direct and indirect taxations proposed by the government for the current year. The Union Budget 2018 created quite a bit of unrest in the startup community regarding reforms in Angel Tax and use of cryptocurrencies. Here is how the Union Budget of 2018 will affect the startup ecosystem.
Some of the biggest proposals revealed during the Budget was the plan to create a new regulatory regime for venture capital funds and angel investors. Not just that, a national programme for artificial intelligence for furthering the growth of technology has also been introduced. Jaitley also revealed a proposal that outlined a plan to set up five lakh Wi-Fi hotspots in rural areas and aims at increasing the usage of hybrid instruments to attract venture capital investment.
However, the complete exclusion of Angel Tax in the policy announcements clipped the wings of early-stage startups, most of which depend on capital from angel investors for the initial boost. Speaking about the venture capital firms and angel investment, Arun Jaitley said, “Venture capital funds and angel investors need an innovative and special developmental and regulatory regime for their growth.
Jaitley also highlighted the government’s initiatives and added the government will be taking extra measures to strengthen the environment for their growth and “successful operation” of alternative investment funds (AIF) in India. Cryptocurrencies, however, will not be one of those alternate means.
In the Budget, Jaitley clarified that although cryptocurrencies such as bitcoins are still illegal in India, the government would take a look at the blockchain technologies. Along with blockchain, the finance minister also singled out emerging technologies like artificial intelligence (AI,) internet of things (IoT) and 3D printing. For this purpose, policy think tank, NITI Aayog will be working on creating a national programme that will stoke research and result in applications in these areas.
The government raised the ceiling for the 25% corporate tax bracket up from Rs. 50 crores earlier to Rs. 250 crores annual turnover. Meanwhile, the announcement of connecting rural India with 5 lakh Wifi hotspots will facilitate the growth of a host of internet enabled services including ecommerce, online education, health tech and others.
In order to improve the women employment rate, the EPF and Miscellaneous provision act will also be amended to reduce women contribution to 8% for the first 3 years of their employment. This reform can help in bringing more women contribution to the formal sector and ensure better gender diversity in the business sector.
Pharmaceutical manufacturing and medical research startups will also get a boost with the Rs. 12,000 crores investment made to bring health closer to home.
However, multiple startup experts agree the Goods and Services Tax (GST) rates for startups need to be reduced and they should also be allowed to file tax returns on an annual basis. While the startup community has welcomed a majority of these reforms, they are also seeking for clarity for many of these proposals.
Speaking about the reforms and the budget in general, the Chief Executive Officer of Paytm Payments Bank said, “We welcome the budget initiatives for promoting financial inclusion through higher penetration of banking services, increased health insurance coverage under National Health Protection Scheme and easy access to credit. The increased outlay in infrastructure including wifi spots will extend benefits of the internet and technology-enabled services to masses. Additionally, development and digitization of agricultural markets will bring farmers into the formal economy. We look forward to leveraging these initiatives to provide digital payments, banking and other financial services to rural India.”

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PayU Gets Final RBI Nod to Operate as Payment Aggregator Ahead of 2025 IPO

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PayU India, owned by Prosus, has received final approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator, a year after getting in-principle approval in April 2024. This authorization allows PayU to onboard new merchants and offer digital payment solutions, joining other major players like Razorpay, CCAvenue, and BillDesk.

The RBI’s nod comes as PayU prepares for its planned IPO in the second half of 2025, following a delay from its original 2024 timeline due to market conditions. The company, which serves over 450,000 merchants, reported $319 million in revenue from its core payments and credit business in the first half of FY25.

PayU stated that the approval will help it build a resilient, compliant, and innovation-driven institution, supporting merchants of all sizes and advancing the Digital India vision. The company has also strengthened its risk management and expanded its presence in real-time payments through a strategic stake in Mindgate Solutions.

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Google’s Iconic ‘G’ Logo Gets First Update in 10 Years

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Google has refreshed its iconic ‘G’ logo for the first time in nearly 10 years, replacing the familiar solid blocks of red, yellow, green, and blue with a smooth, vibrant gradient that blends these colors seamlessly. This subtle update gives the logo a softer, more fluid, and modern appearance, aligning with Google’s evolving digital identity and current design trends.

The new gradient transitions smoothly from red to yellow, yellow to green, and green to blue, making the logo more visually appealing and adaptable across various devices, especially on mobile platforms. This redesign also reflects Google’s growing emphasis on artificial intelligence, echoing the gradient style used in the branding of Google Gemini, the company’s AI-generative assistant.

The updated ‘G’ logo has started rolling out on iOS through the Google Search app and on some Android devices, particularly Pixel phones running the Google app beta version 16.18. However, most other platforms, including the web and non-Pixel Android devices, still display the classic solid-color logo. A wider rollout is expected in the coming weeks.

So far, Google’s main wordmark and other product logos like Chrome, Maps, and Gmail remain unchanged. Given the shift toward gradient designs and AI-inspired visuals, similar updates to other Google icons may follow in the future.

In summary, this first major update to the ‘G’ logo since 2015 signals a subtle but meaningful shift in Google’s branding strategy, blending tradition with innovation as the company deepens its focus on AI and modern design aesthetics.

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Ixigo Halts Bookings for Flights and Hotels to Turkey, China

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Indian online travel platform ixigo has suspended all flight and hotel bookings to Turkey, China, and Azerbaijan in response to these countries expressing support for Pakistan after India’s military strikes-dubbed ‘Operation Sindoor’-against terror bases in Pakistan and Pakistan-Occupied Kashmir. The move, announced by CEO Aloke Bajpai on X, was described as an act of solidarity with India during heightened diplomatic tensions following the Pahalgam terror attack.

ixigo’s decision aligns with similar actions by other Indian travel companies, including EaseMyTrip and Cox & Kings, which have also restricted travel services to Turkey, China, and Azerbaijan. The suspensions come amid widespread calls for boycotts after these countries condemned India’s military response and backed Pakistan.

The travel industry’s collective response underscores how geopolitical developments are influencing business decisions, with Indian companies emphasizing national interests and unity in the face of international criticism

 

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