Budget 2018: Start-up concerns given a miss, says Mohandas Pai

The FM's promise to rationalise foreign direct investment will be welcomed by both start-ups and investors

The Budget will have significant reverberations in the start-up ecosystem. Investors waited with bated breath for doing away with the draconian angel tax but that did not materialise. 

The long-term capital gains tax exemption provided to listed equities suffered a major blow, with the removal of securities transaction tax in favour of a flat 10 per cent tax without any indexation benefits. The effect this will have upon the nascent SME (small and medium enterprises) listing platforms and the list in India initiative is still awaited. 

TV