AdvtAdvtBy ,ETCFOJoin the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETCFO App Get Realtime updatesSave your favourite articles Scan to download AppAs Finance Minister Nirmala Sitharaman prepares to unveil the interim Budget for the fiscal year 2024-25, startup CFOs are articulating their expectations, pushing for transformative measures that could shape the future of India's startup landscape.From advocating tax reforms to highlighting sector-specific enhancements, their collective vision reflects a unified call for measures that empower and streamline the startup sector. Notably, there is a shared emphasis on the need for a government-controlled private industry body to facilitate growth and efficiency within the sector.anticipates measures that empower mature startups , urging an increase in the DPIIT Registered Start-up threshold and relief from compliance burdens.His advocacy extends to expanded government financing, democratization of technology, and the establishment of a government-controlled private industry body.Additionally, in the Healthtech sector, Bansal emphasizes the importance of a National Health Regulatory body to prevent mis-selling and promote ethical practices, fostering growth for service-oriented startups like Fitelo., expresses optimism for the upcoming budget and emphasizes key priorities for financial growth and sustainability.Kumar's expectations encompass specialized funding for technology-first startups, strategic investments in growth sectors, and enhanced Research and Development (R&D) tax incentives. He anticipates pivotal policy changes, such as Startup India benefits, public procurement opportunities, public-private partnerships, and regulatory ease, all contributing to a thriving startup ecosystem and India's long-term economic growth.envisions the 2024 budget enhancing tourism mobility infrastructure and addressing GST disparities in self-drive and chauffeur-driven cars. His recommendations include a 30 per cent personal tax rate cap, long-term capital gains benefits for ESOPs, and the introduction of a National Compliance Portal for startups.Gupta also underscores the potential impact of incentivizing Environmental, Social, and Governance (ESG) initiatives, proposing measures to uplift the used car market, and advocating for a Service Linked Incentive for key sectors.focuses on tax reforms for Employee Stock Ownership Plans (ESOPs) to ease financial burdens and stimulate startup growth.He calls for a revisiting of the GST benefit structure for Non-Banking Financial Companies (NBFCs), proposing a full 100 per cent input credit allowance to foster their growth.Sarma's policy recommendations also include initiatives to increase credit access for low-income individuals and promote modern NBFCs, aligning with the Reserve Bank of India's push for alternative funding channels.In anticipation of the budget's unveiling, these CFO insights collectively illuminate a pathway towards a robust and inclusive economic future, showcasing the unified aspirations of India's dynamic startup landscape.

Source: Economic Times January 29, 2024 09:57 UTC