Union Budget 2015 brings Acche Din for entrepreneurs

BANGALORE, INDIA: The Union Budget brings 'acche din' for entrepreneurs and startups and tries to give a good boost.

Encouraging the entrepreneurs and to facilitate new technology for their biz,  their royalty tax has been reduced from 25 percent to 10 percent. Also bringing a cheer for corporates, the Government has reduced the tax from 30 percent to 25 percent  for the next four years.

"Atal Innovation Mission & SETU underline our commitment to enable innovation, entrepreneurship & start-ups to grow & shine in India," tweeted Prime Minister, Narendra Modi.

The Government plans to bring incubation centre and create lakh of jobs enhancing self employment and talent utilization. Thus to achieve this plan, Rs. 1000 cr has been allocated for this.