archiveBudget 2023

Ketan Gaikwad, MD and CEO of Receivable Exchange of India The government should encourage CPSEs, state PSUs and corporations to participate on TReDS. In 2017, the government mandated that all CPSEs register on the TReDS because late payments by public and private organizations result in a lack of working capital for MSMEs in their regular business operations. Despite the government's mandate, there is very little participation on the TReDS platform by CPSEs and PSUs. PSUs should begin transacting on the TReDS platform in order to clear their payments to MSMEs...

Industry experts discuss what the technology and IT sector expects from the Budget 2023–24 as India moves toward becoming a centre for digital capacity. Despite the IT industry layoffs in 2022, India's technology sector will have a lot of achievements to add to its resume. The Indian IT sector has been eagerly servicing the "good change" while also preparing for the new ones, from rising use of digital services and surging demand in new-age technologies like artificial intelligence (AI) etc., to the debut of 5G services. Over 70 million students...

 Union Budget 2023-24 Expectation: Companies anticipate that regulatory requirements will be simplified to make doing business easier. The announcement of India's Union Budget is quickly approaching. The entire country is eagerly awaiting the presentation of the Union Budget 2023-24 by Finance Minister Nirmala Sitharaman on February 1st. The government has been working to encourage the growth of new businesses in the country. So it's no surprise that the startup sector has high hopes for this year's budget. Every year, the budget offers some relief and benefits to various sectors. The...

Fintech SANJAY SHARMA, MD AND CEO, Aye Finance “The year ahead could well be the point of inflexion for India. As the world veers precariously on the border of a depression and China's global growth engine takes a breather, Indian growth rate seems relatively less affected. This can indeed give us the momentum to pull ahead in the world stakes. The budget should hence focus on supporting growth and stability, instead of conservative incrementalism. As we pull ahead and reach for the 10 trillion dollar GDP, there is no time...

This year is going to be very crucial for the government’s efforts to boost digitization in India, in the tech and startup industry, especially the AI solution providers, have pinned a lot of hopes on the upcoming Union Budget. The policy decisions and budgetary allocations that the government would make are expected to shape the future of India's thriving startup ecosystem. Given the fact that the country is at the cusp of a technological revolution, it is imperative that the government supports and empowers startups in this domain to thrive...