India will unveil entrepreneurial friendly taxation policies in the forthcoming budget that would help startups build new businesses for both the local market as well as global markets. This would also be the ultimate break from the license Raj, which held in shackles Indian entrepreneurs and businesses to grow, said Finance Minister Arun Jaitley at the inaugural of the Start-up India event.
"We have already worked upon entrepreneurial friendly taxation. Some of this can be done through notification, some steps have been taken and other requires legislative consent that would be included when the finance bill is presented," said Jaitley.
"StartupIndia is the ultimate break that you have from the conventional license raj of India," the FM added.
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