trending startup news|startup news india|New startups in india

1.  Startup India’ is a significant scheme of the NDA government to revolutionize the domestic entrepreneurial environment in order to create considerable employment prospects at the working middle-class level. In accordance with this scheme provided support to various entities by allocating funds to support the entrepreneurial startups. Additionally, various other steps have been taken like special procurement norms, setting up of Mudra banks to provide aid to the SME sector, etc.

3.  The startups are also facing a major issue in attracting and retaining suitable manpower. Due to the lack of capital they usually choose to the issuance of Employee Stock Options (ESOPs). As per the prevalent tax regime, the tax is to be paid by employees on the implementation of ESOPs. This leaves an immense impact on the cash flow of these employees; hence there needs to be an upfront tax payment on the exercise of ESOPs.

5.  More Details: business2business.co.in