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Voice&Data - - EDITORIAL -

in­ter­net. At present, in­ter­net gov­er­nance is through a mul­ti­lat­eral in­ter­gov­ern­men­tal frame­work. Un­clear or heavy-handed laws re­gard­ing on-line con­tent dis­cour­age en­trepreneur­s. Also, the “due dili­gence’ obli­ga­tions of in­ter­me­di­aries are ex­ces­sively pre­scrip­tive. This has un­der­mined con­fi­dence for the sec­tor and led to an in­crease in le­gal claims and lit­i­ga­tion. A mul­ti­stake­holder frame­work for In­ter­net gov­er­nance should be cre­ated in­clud­ing gov­ern­ment, business, civil so­ci­ety, academia, me­dia, etc.

Re­call ret­ro­spec­tive tax­a­tion

Ret­ro­spec­tive tax­a­tion cre­ates ma­jor uncer­tain­ties in the business en­vi­ron­ment and is a sig­nif­i­cant dis­in­cen­tive for com­pa­nies who wish to do business in In­dia. This should be re­called.

Im­ple­ment GST and abol­ish VAT

Pro­vide a clear roadmap of spec­trum avail­abil­ity in the fu­ture and fast track the pol­icy on Spec­trum trad­ing and shar­ing

jobs. The tech sec­tor pro­vides ex­cit­ing op­por­tu­ni­ties and is one where In­dia has spe­cial ad­van­tages. Sec­tion 56 (2) (vii b) of the Fi­nance Act of 2013 has cre­ated a tax on start-ups when An­gels invest (based on Fair Mar­ket Value) se­verely im­pact­ing the ecosys­tem. This needs to be cor­rected im­me­di­ately at least for in­vest­ments by known An­gel Net­works in In­dia.

Drive Dig­i­tal Lit­er­acy

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