Finance Minister Nirmala Sitharaman on Saturday presented the much-awaited Union Budget of 2020-2021. Like last year, Sitharaman once again carried the Swadeshi ‘Bahi Khata’ or ledger book, a continued step away from the more traditional leather bags that her predecessors opted for.
The Budget 2020, the longest in the history of India at 161 minutes, was based on three broad themes – aspirational India; economic development for all Sakba Saath, Sabka Vikas; and building a caring society.
FM Sitharaman said, “Let our businesses be healthy, solvent, and tech-led. Our people should be gainfully employed, our businesses should be healthy, for all minorities, women and people from SCs and STs. This Budget aims to fulfil all their aspirations."
Here's a roundup of YourStory's comprehensive coverage of the Finance Minister's Budget Speech:
Ahead of the Union Budget speech, YourStory's Shradha Sharma moderated a panel of founders and investors on the reigning sentiments in the startup ecosystem. Watch startup founders and investors discuss their wishlist to propel India towards $5T dream.
In addition, other stakeholders of the startup ecosystem shared their opinions and expectations ahead of the Budget.
During the Budget, the FM said entrepreneurs have always been the strength of the country, adding that the youth of today are no longer job seekers, but are job providers.
FM Sitharaman announced a slew of measures to ensure ease of doing business for startups, including an investment clearance and advisory cell for entrepreneurs, an online portal to facilitate ease of clearances for businesses, and a proposal to set up a seed fund to support early-stage startups.
Read our full coverage on the measures announced for the Indian startup ecosystem:
(Edited by Tenzin Pema and Saheli Sen Gupta)
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