iSPIRT works to transform India into a hub for new generation software products, by addressing crucial government policy, creating market catalysts and grow the maturity of product entrepreneurs. Welcome to the Official Insights!
There have been some notifications which have come out last week, it is heartening to see that the government is trying to solve the matter. However, this is a partial solution to a much larger problem, the CBDT needs to solve for the basic reason behind the cause of Angel Tax (Section 56(2)(viib)) to be able …
Continue reading “Angel Tax Notification: A Step In The Right Direction, But More Needs To Be Done”
If you are an entrepreneur, investor, or simply interested in the start-up sector, then you already know that Angel Tax is the buzzword right now. Based on a law that was introduced in the 2012 budget by Mr Pranab Mukherjee, the rule aimed to target money laundering through high share premium. But unfortunately, the same …
Continue reading “Disciplining The Not So Angelic, Angel Tax”
Ministry of Electronics and Information Technology (Meity) has put up a new set of draft rules for the IT Act, and is inviting feedback. The draft rules mostly relates to governing violations on social media. The Draft is given at: http://meity.gov.in/content/comments-suggestions-invited-draft-%E2%80%9C-information-technology-intermediary-guidelines It contains a link to the new rules: http://meity.gov.in/writereaddata/files/Draft_Intermediary_Amendment_24122018.pdf This PolicyHacks recording was done …
Last week, on Thursday evening, we received an email from Saikat Datta, where he claimed that he had a recording of a conversation, from an iSPIRT meeting, where we discussed various ways to get around the Supreme Court verdict on Aadhaar, along with other allegations. While this recording was unauthorised, and we were in the …
Continue reading “Story in Asia Times, on iSPIRT, and Aadhaar”
As we begin 2019, for many startups the big question is – have they reached Product-Market fit or what should they do to reach Product-Market Fit. Market it is! There are 3 important ingredients for making a product – the actual product, the people who build this product and the market for which the product …
Continue reading “Obsessive Focus To Product Market Fit – Tricks of the Trade and 5 Case Studies”
“High share premium is not the basis of a high valuation but the outcome of valid business decisions. This new whitepaper by our iSPIRT policy experts highlights how share premia is a consequence of valid business decisions, why 56(2)(viib) is only for unaccounted funds and measures to prevent valid companies from being aggrieved by it” …
Continue reading “White Paper On The Analysis Of High Share Premium Amongst Startups In India”
Drones have been around for a long time, going back as far as World War II. For most of their history, they were considered part of the military arsenal and developed and deployed almost exclusively by the military. However, the past decade has seen a tremendous amount of research and development in the area of …
Continue reading “What lies beyond the horizon: Digital Sky & the future of drones in India”
Angel Tax (Section 56(2)(viib)) has become a cause celebre in Indian startup circles due to its broad-reaching ramifications on all startups raising capital. This paper traces the origin of this section, it’s analysis, impact, how it adversely affects startups. Special mention is also made of the seldom covered Section 68 and it’s used in conjunction …
Today we are giving a fond sendoff to Praveen Hari and Venky Hariharan as they transition out of full-time volunteering and onto new challenges! This is a bittersweet moment: as excited as we are about their future plans, we can’t help but feel a sense of loss. We will most certainly miss their selfless energy …
In 2016, the company I co-founded, Thinkflow, went through a liquidity event. It was a great outcome for all and I was thinking of the next move. It was natural for me to think of starting again. I was wiser, had seed capital and only had to find a problem attractive enough. It looked like …
Continue reading “My iSPIRT Experience, A Learning Of A Lifetime By Praveen Hari”
iSPIRT has been actively engaged in pursuing the favourable policy for the Cloud Telephony sector in Telecom Industry, an amalgamation of the various IT and Communications technologies. National Digital Communication Policy has been announced recently and it is encouraging to see the announcements in the policy on some common issues to do with Startup ecosystem …
Matrix India recently hosted two firebrands of the financial services world, Mr Sanjay Agarwal, founder AU Small Finance Bank and Mr Sharad Sharma, founder iSPIRT Foundation, Volunteer at India Stack, for a no holds barred discussion at the Matrix Rooftop in Bangalore. Here is an excerpt from the evening and some of our learnings for …
Continue reading “India Financial Services – Disrupt or Be Disrupted”
Below represents iSPIRT’s comments and recommendations on the draft Personal Data Protection Bill. iSPIRT’s overall data privacy and data empowerment philosophy is covered here. Table of Contents Major Comments 1. Include Consent Dashboards 2. Financial Understanding and Informed Consent for all Indians 3. Data Fiduciary Trust Scores Similar to App Store Ratings 4. Comments & …
Continue reading “iSPIRT Final Comments on India’s Personal Data Protection Bill”
One would think that the new sexy in the startup capital of the world is self-driving cars, AI/ML… I got news for you! AI/ML (esp. Machine Learning) is not listed in Gartner’s hype cycle for 2018. This was corroborated on my recent trip to the valley and the US east coast, where I met several …
On August 27, 2018, India announced its much-awaited Civil Aviation Regulations (CAR) for drones. The new CAR had many improvements on the original draft published last year, but most important was the introduction of Digital Sky, a technology platform that would handle the entire process of regulating the registration and permissions for all Remotely Piloted …
Continue reading “Policy Hacks On India’s Digital Sky Initiative 1.0”