Finance Minister Nirmala Sitharaman made some significant announcements for the startup community in the Union Budget for 2020-21.

She added that in case a startup’s total turnover exceeds Rs 25 crore a year, the turnover limit will be increased from the existing Rs 25 crore to Rs 100 crore.

Its implementation will take us closer to developed countries where entrepreneurs can start businesses in one working day.

The positives“Raising the turnover threshold for audit for businesses to Rs 5 crore is a welcome relief.

While many believe there is more work to be done on the policy level with deeper and stronger collaboration, the Budget had several big wins for startups. | To read full story, visit https://startuparound.com/read/1580722231.1301353/Decoding-Budget-2020:-Startups-say-Budget-encouraging,-implementation-will-be-key?ref=audio_experience