Presented by the Minister for Finance and Corporate Affairs, Nirmala Sitharaman, the Union Budget of India for 2019-20 rolled into view on the 5th of July, 2019. As it was the very first budget of the Narendra Modi-led National Democratic Alliance (NDA) government, the hopes were quite high and so was the opposite scene. 

The laying down of the "annual financial report" of the country is liable under Article 112 of the Constitution of India by the hands of the Central Government. It comprises the details of how much the bar of money is anticipated to rise in the coming financial year also disclosing the intentional whereabouts of the investment.  

Here are some points proving a fit of relief for the Startups

1. Now, after the budget, the E-verification is allowed to the startups to resolve any problems arising in the verification of the identity of the investor and the sources of his funds. 
2. The new addition of the exemption of the capital gains that result from the sale of residential house for the source or simply for investment in startups has been extended up to 31st March 2021 which has stirred up quite some thrill. 
3. Startups are now free from the requirement of verifying the FMV of their shares issued tp Category-II AIFs in order to provide security from undesirable income tax scrutiny
4. There is now provided relaxations in the conditions for carrying forward and set off of losses.
5. There is now no need for any kind of inspection or investigation required for the valuations of share premiums to solve the "angle tax". 

Effects in a positive way

As the digital era is emerging, the rise of startups and entrepreneurs has taken a great turn with startups creating over 40,000 jobs along with their rising achievement of slithering into foreign markets. The startup community has a lot to look forward to with the current Union Budget. The government has taken certain steps and came up with certain ways to help startups achieve better.

1. The government is to launch a television program on national broadcaster Doordarshan just to provide a platform for startups to match venture capitalists with rising and developing startups. The program is to be planned and executed as per and by the startups only.
   
2. The government is to support the startups by setting up about eighty “livelihood business incubators" and twenty such tech business incubators in FY 19-20. It is the belief of Sitharamn that this support by the government will help in create about 75,000 skilful entrepreneurs in agricultural industry sectors.
3. For the startup's aid, the minister has offered 100% FDI in insurance intermediaries. Not only this, but there is also a provision of 100% FDI in single-brand retail along with an offer of removing the 30% local sourcing criteria. 

The overall startup community is for sure getting some benefits out of this budget, but there is also an open arena for women to excel in this community. Nirmala SItharaman has been issuing many ways to help women.

A scheme under the name "Stand up India" has been launched in 2016 to backup the women in entrepreneurship and marginalized segments of society. This scheme is to be extended through the complete period of 2020-2025. There are many steps and ways in which the budget has shown its supportive behaviour towards backing up women in the startup community.  Such measures, however initial, are somehow a good cause of stirring up a notion which represents a good future for women in startups and the corporate sector and for the whole startup community with youth at its skilled best.