Railways funds set to turn negative in FY17

Indian Railways is staring at an overall negative fund balance of Rs 6,095 crore next financial year despite the rail ministry’s claim that it would manage to successfully handle the impact of the Seventh Central Pay Commission recommendations on its financial health.Read More.

Start-ups bat for tax sops, investment incentives in Union Budget

The startup community, which has started facing funds crunch of late, is looking to the Union Budget 2016 for an easy tax regime, relaxation in investment norms and furtherincentives for innovation.

The country is home to over 18,000 startups, making it the third-largest in the world after the US and England.

“iSpirt has represented to the finance ministry that a small basket of tax sops merely will not be effective for the existing system which is riddled with several bottlenecks," co-founder of iSpirt Foundation Sharad Sharma told PTI. Read More.