Online or digital industry’s expectation from the government on the upcoming budget by Mr. Srikanth Reddy, Founder/ Chairman, Palred Technologies & LatestOne.com

Startup India is about Indian Entrepreneur and foreign investor. To ensure that substantial portion of the wealth created through Startup India benefits India, Indian Institutional investors must participate in it. The Indian entrepreneur & mgmt. can be suitably rewarded only if the ESOP/Sweat Equity is practical to implement. ESOP /Sweat Equity shares should be taxed when they actually sell the shares and realize profits, not when they are allotted the shares, which is only paper money and not real money yet !

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