Nidhi Mehta , Co-Founder, NeedyBee.com We welcome the announcement by the government on tax exemption on start ups for three years . This positive moves will spark a new energy in start ups sector and also genetrate employement opportunities. The policy initiatives and the scheme announced will help to ease the hurdles in start up space , boost MSMEs in the country and make the busin ess environment conducive for start ups. The reduction in the holding period of long term capital gain tax from 3-2 years has provided some relief to unlisted companies, however we are still far behind from our global counterparts who have 0% CGT saving founders and investors millions of dollars.

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