October 17, 2026 08:21 am (IST)
Follow us:
Union Budget is commendable as it decouples vision, policy from financial planning: Angel investor
New Delhi, Mar 2 (IBNS): Ravi Kiran, angel investor and Co-Founder, VentureNursery has said the 2016 Budget, which was presented by Arun Jaitley on Monday is commendable as it decouples vision and policy from financial planning.
"Many Government programs initiated and announced earlier--rural income, agriculture, infrastructure, social sector, small businesses, housing--got financial action supporting them," Kiran said.
He said, "Government’s emphasis on usage of technology in many areas – land records, educational degree certificates, agri produce procurement, new company registration and even income tax records is commendable. The Rs 1000 crore Higher Education Fund and the decision to make 20 higher education institutions world class could have a transformative outcome."
"It’s a Budget that aims to benefit our farmers, poor women, new employees, very small and small businesses. What’s good for the poor and the Economy cannot be bad for any business, including start-ups," said Kiran.
He said that while the one-day company registration, SC-ST entrepreneurship, are useful, they are not sufficient. Income Tax waiver for 3 years for start-ups, reduction of time frame for long term capital gains to 2 years, waiver of capital gains tax if the gains are invested in Government approved Funds, and if the investment is made by an individual in a company majority owned by him, all look good as head line thoughts, but aren’t meaningful in the real world.
"Measures to give fillip to start-ups reflect inadequate understanding of the start-up ecosystem by our policy makers," Kiran said.
"The budget lacks any real attempt to increase the base of angel investors and corporate angels, and introduce incentives for people to take high risks and invest in disruption and innovation," added Kiran, who in his personal capacity has been an angel investor for 4 years.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Onion prices set to get relief? Centre sends 440 tonnes to Tripura ahead of festive season
Fri, Oct 16 2026
12 nations turn to Bengal: ICC hosts diplomats in Kolkata to explore trade and investment opportunities
Thu, Oct 15 2026
Hyundai announces $15.5 billion India investment plan through 2032: Here's what's coming
Wed, Oct 14 2026
Modi, Anita Anand discuss trade, defence and energy as India-Canada ties gain momentum
Wed, Oct 14 2026
Government approves Fairfax Financial as strategic buyer for 60.72% stake in IDBI Bank
Wed, Oct 14 2026