The Budget proposal for the startup ecosystem, especially the one on tax on employees stock options (Esops), received a big thumbs up from the fledgeling sector.

India is the third-largest startup ecosystem in the world and the government has been focussed on pushing innovative startups through policy interventions for some years now.

The measures announced on Esops, taxation, and seed fund will infuse tremendous energy into the ecosystem," said Saurabh Srivastava, Indian Angel Network Chairman.

"The ESOPs always has been a very strong mechanism for startups to incentivise, attract, and retain high performing talent.

The Budget also proposes to provide early-life funding, including a seed fund to support ideation and development of early-stage startups. | To read full story, visit https://startuparound.com/read/1580558407.2326887/Budget-2020:-Startups-hail-tax-changes,-say-will-help-attract,-retain-talent?ref=audio_experience