The hits and misses of Budget 2020

VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UAcOAkoFSFYCUABF&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0& Daily Capsule | 5th February 2020 Hello If Finance Minister Nirmala Sitharaman's latest Union Budget address is anything to go by, India's growing crop of tech-led startups are set to benefit from an improved operating environment. Budget 2020-2021 provided more incentives for the Indian startup ecosystem including relaxed rules for Employee Stock Options (ESOPs), GST tax structure, and a seed fund to aid funding for early-stage startups. And, it also laid special emphasis on the use of new-age technologies like Artificial Intelligence (AI), Machine Learning (ML), and quantum computing – a major positive for India's tech-oriented startups. On the other hand, this year’s Budget mentioned no structural measures to increase the fund flow into the startup ecosystem – a great need of the hour. [Here's everything Budget 2020 got right for Indian startups and areas it could have done a bit more.]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UAcOAkoFSFUFUAgBSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&) Cheers, Team YourStory Stories you shouldn't miss [Cigarettes, cooking oil to get costlier from April]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UAcOAkoFSFUFUAgASQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&) Most industry experts expected Union Budget 2020-21 to be people-friendly and directed at increasing consumer spending. But, customs duty hikes on almost all items of daily usage indicate otherwise. [Meet the entrepreneur whose silver jewellery is worn by Priyanka Chopra, Vidya Balan]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UAcOAkoFSFUFUAkJSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&) VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UAcOAkoFSFUFUAkJSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0& [How Sriram Kannan of Routematic is Uber-ising employee transportation]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UAcOAkoFSFUFUAkISQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&) In this week's Techie Tuesday, we feature Sriram Kannan, Co-founder and CTO of Routematic, who impressed the likes of Blackberry and Vodafone with his no-GPS tracking software. [MSMEs, small businesses react to Budget 2020 schemes, debt restructuring]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UAcOAkoFSFUFUAkLSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&) Manufacturing and healthcare companies consider Budget 2020 a step in the right direction and NBFCs concur. However, gold jewellers and businesses struggling with compliance are concerned. [These startups are working to raise awareness and help fight Cancer]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UAcOAkoFSFUFUAkKSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&) To mark the 20th anniversary of World Cancer Day, which is observed on February 4, YourStory has curated a list of startups that are working in the oncology and cancer diagnostics space. VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UAcOAkoFSFUFVAMPSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0& India's largest Product-Tech-Design conference, [Future of Work 2020]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UAcOAkoFSFUFVAMPSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&) is here! Best minds in tech-product-design meets best content at #FoW2020, on 28-29 February, in Bengaluru. [Register now!]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UAcOAkoFSFUFVAMPSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&) VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UAcOAkoFSFUFVQYBSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0& For over a decade, we have inspired the entrepreneur in you through our stories. 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