Start-ups in India News
Asish Mohapatra, 42, and Ruchi Kalra, 39, both attended the Indian Institute of Technology (IIT).
Kalra has a B-Tech in Chemical Engineering from IIT Delhi and an MBA from the Indian School of Business, Hyderabad.
She oversaw McKinsey's Retail and SME banking service practice in India.
To boost start-ups and create a favourable ecosystem for their stability in the country, the Ministry of Commerce and Industry has approached the Ministry of Finance with an industry proposal to increase the income tax exemption period for the start-ups from the current three years to seven years.
The Wharton School is organising its global India-focussed summit for the first time both in the country as well as at its Pennsylvania campus this year, with focus on the red-hot startup economy.
India is likely to produce at least a dozen more billionaires and several new millionaires by 2020 as the country's start-ups scene hots up, fuelled by sectors like e-commerce, financial services and other technology-driven fields, an Assocham study has projected.
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